strategy,strategy-what to do?

[daddiojiggy]

okay, bear with me(this might get long).i want to buy into dvc and i know 150 pts will not cut it.should i:

1.buy ssr@150 and add on-does this become two contracts?

2.buy ssr and add on with resale at another resort

3.buy,say,1 contract (resale) worth approx 240 pts at one resort

when i add on , how important is it to align use years to be same or very close?

if i did buy a 240 pt contract could i later sell some pts off ie.split the contract

 

[mom2rb]

I only know the answer to one. Disney will only split new contracts for 300 or more. We were going to buy 250 points but when we found out that if we bought 300 they would sell us two 150 point ones we bought 300. It seems easier to give to our two boys later or to sale one later if we need to.

 

[wdwstar]

are you a DVC member already? because if your not , then you cant add on until you are a member, that is why it is called add on.

if you are already a dvc member you can purchase an add on as little as 25 -50-100 points at SSR, no closing cost thru dvc. if finacing thru dvc you have to purchase 100 or more points.

if you add on thru a resale you have to pay closing cost, usually.
but you can add on at any dvc resort that is available.

if this is your first purchase then you would have to decide when you want to go, where you want to stay, what type of room, and how many times you would like to go and how long per year. then figure out how many points are right for you.

you asked about two contracts: if this is an add on yes, this would be a second contract, if this is your first purchase this would be your first contract unless you want to purchase 2- 150 contracts thru dvc at SSR, thru resale you would have to pay 2 closing cost if you want two contracts

 

[Chadm]

I know some folks here can get onto more detail than I can, but here are some short answers:

1. If you buy at SSR and then add-on there, it will be 2 separate contracts. Actually, that is a good thing if you ever want to sell some, but not all, of your DVC interests.

2. You can certainly do this (you may have to get on a waitlist, depending on where and how many points you want), but be careful to buy enough points in the add-on to make it worth the trouble. 50-100 points at a separate resort is likely to be more trouble than it's worth. Of course, that depends on your travel habits.

3. Buying resale is always an option if the right deal comes up. Remember that you will have to pay it outright or arrange your own financing for a resale and there may be some hidden fees involved (closing costs, broker fees, ... etc). On the other hand, there are some good deals to be had ni the resale market.

4. Aligning the use years will be as important as you decide it is. If you think you can manage multiple contracts with multiple use years and the corresponding deadlines and important dates, then that is up to you. I may be mistaken, but Disney may force you to keep the same use year if you add-on at the same resort directly from them.

5. If you buy 1 contract (240 points, for example), you WILL NOT be able to split it later and sell some points off separately. This is the same no matter if you buy from Disney or resale. Contracts can only be sold whole, so if you plan on selling I would buy 2 smaller contracts instead of 1 big one.

Hope that answers some of your questions.

Chad

 

[stacy6552]

We just bought 200 points at SSR and split it between two contracts: 150 and 50. So you could buy 150 and 90 point contracts. We did it so we could sell part but not all if we needed to.

I would only go for a different resale if you wanted HH or VB (VB can still be bought new from disney), since their season run different from WDW and you may want the 11 mos window, like at HH over the summer.

Why are you considering splitting your contract? That's the question you need to answer. Then the choice will come.

 

[HauntedMansionGeek]

With the ability to bank and borrow points, we've found that 150 is an okee dokee number. While we'd love to have more, 150 points still works quite well and has allowed us a little more than a week during the busy times of year and if we're careful, we can get a full 2 weeks during the slow times (and sometimes with a few points leftover to bank)!

If you aren't already a member, don't be afraid to start with less points.

 

[Dean]

You've gotten a lot of information but unfortunately some is is misleading. As noted, you can not split a contract. You have not provided enough info to truly answer the real question appropriately, that is what might be best for you. What is your family size? How often do you normally travel to WDW? Where do you normally stay? What resort or resort type do you normally prefer? Will you have a car What is best for you isn't necessarily best for the next person. Buy where you want to stay the most, if you don't have a major preference and want to try all the resorts, OKW resale is the way to go for many.

 

[Dumbo]

daddio,

The first thing you need to do is decide on a home resort. You need to look at all the DVC resorts and then decide which one is best for you.

Once you do that then buy resale or new whichever way it takes for you to get said resort. Then you can read the rest of the replys in this thread.


Dumbo

 

[crisi]

It really depends on what you want and how good you are at managing details.

Although home resort may be important - its isn't as big a deal as some people make it out to be. Many people are content anyplace on Disney property. As Dean indicated, iIf this is the case, you may want to look into an OKW resale - the points won't cost you any less up front, but the maintenance is low and the points go a lot farther (plus the rooms are bigger). So its a great value, if value is important.

On the other hand, if you won't be happy unless you are sitting by the VWL fireplace in early December and using SAB over Easter, you will be best off with two contracts, one at each home resort, to make sure that you can book those peak times. This will likely mean more management of your points - as well as keeping an eye out for a decent resale.

If you want to buy from Disney direct, your choice is SSR - it gives you a longer contract, Disney arranged financing, no closing costs, and the ease of working with Disney (and not bothering looking for and waiting for the resale you want).

If you are buying a lot of points, it does make sense to have them split into multiple contracts in case you need to sell one.