Timing Add-on purchase?

[Melani]

When should I purchase a planned 25 pt. add-on @ BLT?

Taking into consideration when maintenance fees are due AND when we will be too far in the hole to book another trip at 11 months.

Thanks,
~Melani

 

[5forDiz]

you may want to give your guide a call today and ask, read here some speculation there will be a price increase after Aug 15 although jmho I don't think that will happen, i think the new round of incentives may not be as good as what is currently offered.

 

[Sandisw]

When should I purchase a planned 25 pt. add-on @ BLT?

Taking into consideration when maintenance fees are due AND when we will be too far in the hole to book another trip at 11 months.

Thanks,
~Melani

I have also heard that if you add on toward the end of your UY, you will get current UY points so that may be a consideration.

I am planning to add on another 50 points in January (my UY is June). My guide said I should (based on availability) get 2009 points (which I will bank), even buying 8 months in. If I go to add on and I won't get any 2009 points still, then I will just wait and add on in June when my UY starts.

 

[sam_001]

i think I'm getting that virus

 

[Melani]

I have also heard that if you add on toward the end of your UY, you will get current UY points so that may be a consideration.

I am planning to add on another 50 points in January (my UY is June). My guide said I should (based on availability) get 2009 points (which I will bank), even buying 8 months in. If I go to add on and I won't get any 2009 points still, then I will just wait and add on in June when my UY starts.

What does he mean by "should" and what does availability have to do with it if the resort hasn't sold out yet?

And I didn't even think to factor in the banking deadline! Boy I thought this was gonna be a quicky.

 

[LisaS]

What does he mean by "should" and what does availability have to do with it if the resort hasn't sold out yet?

And I didn't even think to factor in the banking deadline! Boy I thought this was gonna be a quicky.

If you add on through Disney, they start you with a full set of points for your current UY. For example, if you have a Sept UY and purchase the add on prior to Sep 1, 2009 while you are still in your 2008 UY, your first set of points would be Sep 2008 points. If you purchase on or after Sep 1, 2009, you would be in your 2009 UY so your first set of points would be Sep 2009 points.

It is subject to availability however. If there are no Sep 2008 UY points left in Disney's inventory or you are purchasing at a new resort where Sep 2008 points were never offered, your first set of points would be Sep 2009 points even if you purchased before Sep 1, 2009.

Disney has allowed members to bank their first set of points received with their add on even if it is past the usual banking deadlines. You will owe pro-rated dues your first year starting from the later of: your purchase date, the start of your initial UY and the occupancy date of the unit you purchased. Therefore some people like to try to optimize things by waiting until just before the start of their next UY to purchase an add on so that they minimize the dues they owe the first year but still get the full set of points for the UY that is just about to end. The risk here is that if you wait too long and they run out of points for your UY, you give up a full year's worth of points in a quest to save a few bucks on your first year's dues.

 

[Sandisw]

What does he mean by "should" and what does availability have to do with it if the resort hasn't sold out yet?

And I didn't even think to factor in the banking deadline! Boy I thought this was gonna be a quicky.

I think it was his way of just covering himself, just in case for some strange reason, there were no June UY points left for BLT by January when I want to add on. He didn't think there would be any problem, but I am sure he also wanted me to be aware that there is always a small chance. I believe it happened this year with AKV points.

And, I have also heard that Disney has made exception to the banking deadline for new add ons. It just so happens for me that I will be ready to buy right before my banking deadline.

Good luck!

 

[Melani]

If you add on through Disney, they start you with a full set of points for your current UY. For example, if you have a Sept UY and purchase the add on prior to Sep 1, 2009 while you are still in your 2008 UY, your first set of points would be Sep 2008 points. If you purchase on or after Sep 1, 2009, you would be in your 2009 UY so your first set of points would be Sep 2009 points.

It is subject to availability however. If there are no Sep 2008 UY points left in Disney's inventory or you are purchasing at a new resort where Sep 2008 points were never offered, your first set of points would be Sep 2009 points even if you purchased before Sep 1, 2009.

Disney has allowed members to bank their first set of points received with their add on even if it is past the usual banking deadlines. You will owe pro-rated dues your first year starting from the later of: your purchase date, the start of your initial UY and the occupancy date of the unit you purchased. Therefore some people like to try to optimize things by waiting until just before the start of their next UY to purchase an add on so that they minimize the dues they owe the first year but still get the full set of points for the UY that is just about to end. The risk here is that if you wait too long and they run out of points for your UY, you give up a full year's worth of points in a quest to save a few bucks on your first year's dues.

Well I need to check my contract, but the member site is down right now.

Our UY is APR, but we did an add-on in Jan. So I should have

Never mind

BLT didn't open until Sep so I only get '09 pts - right.

 

[minnie6895]

I may be wrong, but I thought the lowest add-on at BLT was 50 pts.

 

[Sandisw]

I may be wrong, but I thought the lowest add-on at BLT was 50 pts.

That is the lowest add on you can do if you want to finance and qualify for the $5.00 off per point discount.

But, you can add on anywhere from 25 - 49 points and pay cash for $112.00 per point.

 

[lark]

If you add on through Disney, they start you with a full set of points for your current UY. For example, if you have a Sept UY and purchase the add on prior to Sep 1, 2009 while you are still in your 2008 UY, your first set of points would be Sep 2008 points. If you purchase on or after Sep 1, 2009, you would be in your 2009 UY so your first set of points would be Sep 2009 points.

I thought I read on here that the standard line is you need to purchase before the banking deadline in order to get current use year points, although sometimes they will give you a banking extension as a courtesy to get you to buy. But I didn't know that also applies to add ons. As a practical matter, if you purchase an add on, on August 15 with a September use year, I'm not sure what good 2008 points would be unless you were going to use them in the next 15 days or unless they were willing to extend your banking deadline.

 

[minnie6895]

Thanks Sandi! I am glad to hear it is not 50 pts. Might need to know that in the future!

 

[Sandisw]

I thought I read on here that the standard line is you need to purchase before the banking deadline in order to get current use year points, although sometimes they will give you a banking extension as a courtesy to get you to buy. But I didn't know that also applies to add ons. As a practical matter, if you purchase an add on, on August 15 with a September use year, I'm not sure what good 2008 points would be unless you were going to use them in the next 15 days or unless they were willing to extend your banking deadline.

Disney has been known to allow people adding on after the banking deadline to still bank the points. I agree that if Disney would not allow the banking of the points, it would be useless. And, at some point, they might stop the practice of allowing people to do this.

 

[Mlissa88]

Does anyone know what disney charges for closing costs on a small add on?

 

[chalee94]

Does anyone know what disney charges for closing costs on a small add on?

zero.

 

[Mlissa88]

zero.

Wow! Thank you! So you pay cash for the points, no closing costs. Hm....Do they make you pay the maint. fees up front for 2010 points or can you work it out in payments every month?

Sorry.....I'm just trying to figure out what it would cost me to get 25 add on points sometime in the future...

 

[chalee94]

Do they make you pay the maint. fees up front for 2010 points or can you work it out in payments every month?

you'll owe prorated 2009 maintenance fees for the days left in 2009 - nothing for 2010 till we get there.

i would figure they would just add your additional MFs to your monthly payments (assuming you are already doing the monthly debits) or else you can just pay the prorated amount in full when you buy. i'm not sure exactly.

 

[Mlissa88]

you'll owe prorated 2009 maintenance fees for the days left in 2009 - nothing for 2010 till we get there.

i would figure they would just add your additional MFs to your monthly payments (assuming you are already doing the monthly debits) or else you can just pay the prorated amount in full when you buy. i'm not sure exactly.

Thanks again....and sorry to the OP...I didn't mean to threadjack...I just was interested in your original question and had follow ups...