Summer Incentives

[Genie+]

We could get 3x the points for only 2x the cost of what our CCV addon was going to be, plus direct benefits (I didnt realize I would have fomo on that).

With the current summer incentives, we ended up deciding to purchase the 150 direct at VGF (I, too, didn't realize that the blue card fomo would set it so soon, haha). We ended up paying almost the same for 225 pts total (150 VGF direct, 75 CCV resale) that we would have for just the 150 direct at RIV.

We didn’t have fomo about direct benefits either because saving thousands on resale looked better. This turned out to be the cherry on the cake though. Decades of unrestricted points and perks is sweet. Maybe VGF direct cost us almost $2k more compared to the rofr thread, but really I wasn’t finding those good resale contracts anyway.

 

[Cfabar1]

We didn’t have fomo about direct benefits either because saving thousands on resale looked better. This turned out to be the cherry on the cake though. Decades of unrestricted points and perks is sweet. Maybe VGF direct cost us almost $2k more compared to the rofr thread, but really I wasn’t finding those good resale contracts anyway.

Me either.... and I had been looking for about 3 months.... This was way easier... If Disney maintains pricing around these levels, I am likely to continue to add on direct.

 

[Frugal Fairy Tales]

Me either.... and I had been looking for about 3 months.... This was way easier... If Disney maintains pricing around these levels, I am likely to continue to add on direct.

Disney, Listen Up!!!

 

[cncm]

I have a hotel stay booked for this fall that I want to use to qualify for the Welcome Home discount...however once I get my points I'd like to swap it out for a DVC stay. Do you know if I will be allowed to do that? Will the discount be taken back if I do so?

 

[ellataylor]

I have just bought at VGF and my guide gave me $1000 off because I had a December booking and suggested I book DVC and cancel my cash stay. So seems very possible.

I have a hotel stay booked for this fall that I want to use to qualify for the Welcome Home discount...however once I get my points I'd like to swap it out for a DVC stay. Do you know if I will be allowed to do that? Will the discount be taken back if I do so?

 

[cncm]

I have just bought at VGF and my guide gave me $1000 off because I had a December booking and suggested I book DVC and cancel my cash stay. So seems very possible.

Thanks!

Last question (hopefully) - is there any risk in waiving title insurance for direct purchases? I see people doing it but not sure what could go wrong in the future that would warrant having title insurance.

 

[LittleBitGoofy]

Thanks!

Last question (hopefully) - is there any risk in waiving title insurance for direct purchases? I see people doing it but not sure what could go wrong in the future that would warrant having title insurance.

I meant to tell our Guide to remove it, but ended up keeping it. You should be safe, in theory, when buying from DVD directly. But title insurance should stay with you for your lifetime even after you sell. So 30 years down the road someone else buys it from someone else who bought it from you and you're in the title chain... yada yada. It's a longshot it'd ever be needed, but that cost is probably less than one hour with an attorney.

 

[TheDailyMoo]

"Work" is a relative term. You're essentially talking about 1 use year and when the next one starts. All the other costs, including the prorated dues are the same under any use year purchase scenario.

Say that you go with a March use year because that is what you want to have. They will take your 2023 points and you get the first batch of points to use starting March 1, 2024 - about 8 months from now (that's better than a June use year where your first batch of points would be usable about 11 months from now). How much does that matter to you? Will you need to rent points until then? Are there any other expenses involved because of the relatively bad timing? If not, then I'd think of it this way:

You can either:
1) Do the deal now with a March use year and MB. Get first batch of points to use from March 1, 2024.
or
2) Do the deal in Feb 2024 with a March use year and MB. Get first batch of points to use from March 1, 2024.

Your timing in Feb 2024 will be "perfect" for MB, but how did that affect the outcome? You still got the first batch of points starting March 1, 2024. Assuming the deal in Feb 2024 is exactly the same as it is now, then the only difference is the timing on when you make the purchase which affects (i) and any potential interest/gain you might earn by keeping your money invested for the next 8 months (maybe $800-$1000) and (ii) saving 8 months of prorated annual dues (about $750 on 150 points). Otherwise, it really doesn't matter financially. But if you wait until Feb 2024 then:
(i) the deal might be worse,
(ii) MB may be discontinued,
(iii) the resort may sell out (if considering VGF), and
(iv) the 2024 points would mostly apply to 7-month reservations, unless you book for late 2024 and beyond.

So I'm understanding what you're saying about purchasing a March contract. However, and again I'm trying to figure all this out as I go, doesn't that mean I lost out on a free set of points...mainly the '22 points.

So I want that 3000 dollars from selling the points back. If I wait till my ideal use years come around again AND assuming the deal is exactly the same, I would be selling back my '23 points which I could've used instead of my '22 points which I wouldn't need to use right away considering I already have a trip booked for the summer. Am I looking at this the right way?

 

[Sandisw]

Just a reminder..we do not allow people to ask for or offer themselves as referrals on the boards

 

[DanCali]

So I'm understanding what you're saying about purchasing a March contract. However, and again I'm trying to figure all this out as I go, doesn't that mean I lost out on a free set of points...mainly the '22 points.

So I want that 3000 dollars from selling the points back. If I wait till my ideal use years come around again AND assuming the deal is exactly the same, I would be selling back my '23 points which I could've used instead of my '22 points which I wouldn't need to use right away considering I already have a trip booked for the summer. Am I looking at this the right way?

You are "kinda" missing out on a use year, but it depends on your preferences.

I believe you said you had March,April and June use years already but I may have misuderstood and maybe you just meant that's what you need. With those options, going with March is most efficiuent. They will take your March 2023 points and you'd have points starting March 1, 2024 that you can already use for 11-month bookings.

Yet another alternative would be going with an August (or September or October) use year if you really want them to take the 2022 points. You'd now have points starting August 1, 2023 that you can start using immediately. So there is some opportunity cost here because you can presumably just rent the 2023 use year points for say $18/point ($2700 extra for 150 points) and then you'd start using points from August 1, 2024. With the March use year, you start using points from March 1, 2024 and no extra points to rent out beyond MB.

But if you travel in mostly in summer - does it even matter? Is August use year even a viable option? Would you be ok with only 150 points in a separate account from what you have? If that works, then yes - it's better than March. If it's not viable, then go with the best option that works for you usage needs. Or you can take a pass for now.

 

[TheDailyMoo]

You are "kinda" missing out on a use year, but it depends on your preferences.

I believe you said you had March,April and June use years already but I may have misuderstood and maybe you just meant that's what you need. With those options, going with March is most efficiuent. They will take your March 2023 points and you'd have points starting March 1, 2024 that you can already use for 11-month bookings.

Yet another alternative would be going with an August (or September or October) use year if you really want them to take the 2022 points. You'd now have points starting August 1, 2023 that you can start using immediately. So there is some opportunity cost here because you can presumably just rent the 2023 use year points for say $18/point ($2700 extra for 150 points) and then you'd start using points from August 1, 2024. With the March use year, you start using points from March 1, 2024 and no extra points to rent out beyond MB.

But if you travel in mostly in summer - does it even matter? Is August use year even a viable option? Would you be ok with only 150 points in a separate account from what you have? If that works, then yes - it's better than March. If it's not viable, then go with the best option that works for you usage needs. Or you can take a pass for now.

So I am not an owner but hope to be! Been poring over going DVC for a LONG time! Normally would only think resale and I have made a few posts asking advice. The only way I'd go direct is through a promotion like this although GF wouldn't be my first choice (even so it's very nice). But those MB points would be a deal breaker. And it would be one thing to sell back points I wouldn't use in the future but to now have to sell back next year's points which I would've booked a vaca with is not worth it to me to go direct. I guess I can always take a December UY like a poster above mentioned and that would be as close as I can get to a good UY for summer while still selling back '22 points?? Totally not confused lol...

 

[WDWfantasy]

I guess I can always take a December UY like a poster above mentioned and that would be as close as I can get to a good UY for summer while still selling back '22 points?? Totally not confused lol...

Yes! I think I posted that advice. I still think that would be your best move if you want to travel in the summer and want to take advantage of MB on the December 2022 points.

 

[DanCali]

So I am not an owner but hope to be! Been poring over going DVC for a LONG time! Normally would only think resale and I have made a few posts asking advice. The only way I'd go direct is through a promotion like this although GF wouldn't be my first choice (even so it's very nice). But those MB points would be a deal breaker. And it would be one thing to sell back points I wouldn't use in the future but to now have to sell back next year's points which I would've booked a vaca with is not worth it to me to go direct. I guess I can always take a December UY like a poster above mentioned and that would be as close as I can get to a good UY for summer while still selling back '22 points?? Totally not confused lol...

I may be thinking about it wrong but with a Dec use year, aside from the technicality of selling "2022 points" or selling "2023 points" to DVC, it's really only a difference of 3 months.

With a March UY, you sell them back 2023 points (not "next year's") and you will have points available to book reservations starting March 1, 2024. You can use those to book a vacation for next summer.

With a December UY, you sell them back "2022 points" (technically "last year") and you will have points available to book reservations starting December 1, 2023, which is just 3 months earlier. You can also use those to book a vacation for next summer.

So I believe that, aside from the 3-month timing difference, the main difference would be that the Dec UY contract would indeed get an extra use year overall since everything expires in January 2064. So, one contract has 40 years of usage and the other 41. Everything else, including the 2023 prorated dues which you pay from the day you sign would be the same. I don't know that 40 years vs 41 years (2.5% difference in overall usage) should matter that much if March is more appealing than December.

 

[MyDogTink]

While the hard inquiries do hit your credit, what dropped your score was having 6 new accounts. Accounts under 3 months of age have a high impact on your score.

Thanks for the info. During the same period of time opening new credit cards, I closed one of my oldest cards. I think losing that length of good credit also had a negative effect on my score. Live and Learn.

 

[Sandisw]

I may be thinking about it wrong but with a Dec use year, aside from the technicality of selling "2022 points" or selling "2023 points" to DVC, it's really only a difference of 3 months.

With a March UY, you sell them back 2023 points (not "next year's") and you will have points available to book reservations starting March 1, 2024. You can use those to book a vacation for next summer.

With a December UY, you sell them back "2022 points" (technically "last year") and you will have points available to book reservations starting December 1, 2023, which is just 3 months earlier. You can also use those to book a vacation for next summer.

So I believe that, aside from the 3-month timing difference, the main difference would be that the Dec UY contract would indeed get an extra use year overall since everything expires in January 2064. So, one contract has 40 years of usage and the other 41. Everything else, including the 2023 prorated dues which you pay from the day you sign would be the same. I don't know that 40 years vs 41 years (2.5% difference in overall usage) should matter that much if March is more appealing than December.

To add, even if one sells back March 2023 UY points, they can still borrow back 2024 points for stays prior to March 1st, 2024.

So, really, if someone did want to travel between Dec 1st and March 1st, they can....

 

[ARobyn]

On the topic of summer incentives, when taking part in 'Magical Beginnings' and selling your points back to Disney, I understand you still need to pay that years dues, but is it the full year or prorated based on when you purchased? For example, I have a March UY, selling back 2023 points, purchasing this week.

 

[WDWfantasy]

On the topic of summer incentives, when taking part in 'Magical Beginnings' and selling your points back to Disney, I understand you still need to pay that years dues, but is it the full year or prorated based on when you purchased? For example, I have a March UY, selling back 2023 points, purchasing this week.

Prorated from date of purchase.

 

[DanCali]

On the topic of summer incentives, when taking part in 'Magical Beginnings' and selling your points back to Disney, I understand you still need to pay that years dues, but is it the full year or prorated based on when you purchased? For example, I have a March UY, selling back 2023 points, purchasing this week.

You'd pay prorated 2023 dues based on the date you signed the contract. That's regardless of the use year you pick, or whether they buy back 2022 or 2023 points.

 

[ARobyn]

You'd pay prorated 2023 dues based on the date you signed the contract. That's regardless of the use year you pick, or whether they buy back 2022 or 2023 points.

So assuming I sign this week, I'd pay roughly 6 months of dues for the 2023 UY?

 

[colten.c]

So I am not an owner but hope to be! Been poring over going DVC for a LONG time! Normally would only think resale and I have made a few posts asking advice. The only way I'd go direct is through a promotion like this although GF wouldn't be my first choice (even so it's very nice). But those MB points would be a deal breaker. And it would be one thing to sell back points I wouldn't use in the future but to now have to sell back next year's points which I would've booked a vaca with is not worth it to me to go direct. I guess I can always take a December UY like a poster above mentioned and that would be as close as I can get to a good UY for summer while still selling back '22 points?? Totally not confused lol...

That’s exactly what we just did. Got a December use year, sold back 2022 points. Slight difference is we plan for spring travel, but should be good enough for summer too!