We're going to buy .. but a few ???

[JustLoveDisney]

We've decided that buying into DVC is a great idea for us. Previous thread mentioned that you can only buy into SSR from Disney right now. No biggie seems good to me. I have decided to purchase 250-300 pts I think we would usually stay for 1 full week or go for two four day small which would have to start on Friday or Saturday due to my husbands business. There isn't a big rush for me to buy this year because we already have 2 likely 3 trips planned this year. (Can you tell I love vacations )

So June 2006 would be the first chance I would get to make it to WDW Wouldn't mind purchasing this year so I could bank those points and take some friends with us next year. (they are trying extremely hard to take us to DL this year)

I'll be calling tomorrow to get more information as the video left quite a bit to be desired. My big issue for now is choosing my UY. This one will be a bit tough so ideas would be lovely. All the times we would be going down there are during the magic seasons. (You know when the rest of the world goes to WDW) So if I likely go either during June break when should my UY be? I am thinking Dec-Feb If I make reservations in December for the following June is that enough time? My other two times to go would be Mar/April or Fall break. Fall would almost be a never. So what do you think and are they even selling UY in that timeframe or would I be better off going to the Timeshare store and waiting it out since I am in no hurry?


Thanks a bunch! I have enjoyed reading everyones posts especially the ones guiding our purchase decision. You all are just wonderful!

If I am this excited now how crazy will I be when I actually purchase.

Debi

 

[loribell]

First of all congrats on your decision. It is a great one!

Just an FYI there are rumors that another price increase is coming in the near future, possibly as early as the end of February.

We vacation in June or July of every year and our use year is March. Your use year however has nothing to do with when you can make reservations. What determines that is your home resort.

At your home resort you can make reservations 11 months from checkout, at the other resorts you can make them 7 months from check out.

The biggest thing to consider with your use year IMHO is whether or not you would have a trip scheduled for near the end of your use year and for some reason had to cancel it. In that situation you could be faced with having points that you could not bank. But of course that would be the case with any use year that you had a trip scheduled towards the end.

Hope this helps some,
Lori

 

[flexsmom]

Congrats, Debi - I hope you enjoy DVC! We purchased a resale at BCV and I think I managed to convert my skeptical husband. I don't really have much to offer about what specific benefits there are to a particular month for a UY, but I can correct the misconception that your use year has anything to do with when you can book. No matter what month your UY is, you can book 11 months out for your home resort and 7 months out for any other within the DVC system. You don't have to have the points in your account at the time you book - so if it is currently the month of April, and your UY is August and you've used all of your current year points, you can still make reservations for your home resort for 11 months later (March of the next year), or 7 months later for other resorts (November).

Good luck!

 

[tjkraz]

Use Year has NOTHING to do with when you can call to book your stay. You can ALWAYS call 11 mos ahead of time for your home resort and 7 mos ahead for all others. You just need to have the points available when the stay actually occurs.

Use Year determines two things:

1. When you receive your points each year.
2. The banking deadlines for your points. You can bank 100% in the first 6 mos of your UY...50% in the next 3 months...25% in the next month...then for the final 2 months you cannot bank.

If your trips are likely to be Spring Break, Summer or Christmas holiday, then it probably doesn't matter which you choose. Ideally you want your UY to fall right at the beginning of your typical travel periods. That gives you the maximum banking flexibility if you have to cancel a trip.

Some people will tell you that they have a "bad" UY for their travel habits, and it's still never caused them problems. It depends a lot on how likely you are to have to change your plans.

And, remember DVC is a pretty long-term commitment. Your travel habits in 10 or 20 years may be very different than they are now. I wouldn't put a whole lot of effort into picking UY unless you forsee changing plans often.

 

[JustLoveDisney]

That helps alot! Tks much Wow .. scary price increase hmmmm something to consider might be banking those points and taking those friends with me.

 

[cruise-o-matic]

Since you mainly plan to go in June and it seems more likely in Mar/Apr, it looks like you are looking at the right use years (Dec-Feb). That way if your June plans fall through, you can bank 100% of your points by May 31 if you have a December UY. (Keep in mind that you will need to cancel your reservation 31 days in advance prior to your check in day or your points go into a holding account, and those you cannot bank.)

The drawback to DVC is that Friday and Saturday nights are roughly double Sun-Thu, so if your do 4 day trips, start them on Sat instead of Fri to save on points.

I think DVC is selling points for Aug at the present. In your case, Aug UY would not be good b/c of the banking deadlines. I'm not sure if you can get Dec UY points yet. That would be worth giving them a call. If they answer no, you could let the guide know and wait until they start selling them. The drawback is if they raise the prices before now and the time the Dec UY points become available. The plusses to buying from Disney is that you don't have to make any payments or pay maintenance fees until your building is finished and the SSR points expire in 2054 instead of 2042.

I would strongly suggest checking resale. See what's available with a Dec UY and if you don't see a resort you like with the points you need, let the salesman know to contact you when they get one in. You may get one with all its Dec 04 points intact that can be banked and used for your 6/06 trip.

 

[TEK224]

cruise-o-matic,

When you say you don't have to pay anything until your building is finished, does that mean the deposit also? I'm thinking of getting a Sept. UY and financing through Disney. Would I give them the deposit now and then not make any payments until later, or would they just have me complete the paperwork and not pay ANYTHING until the building opens? i wouldn't mind saving the deposit money until later.

Thanks!
Terri

 

[tjkraz]

cruise-o-matic,

When you say you don't have to pay anything until your building is finished, does that mean the deposit also? I'm thinking of getting a Sept. UY and financing through Disney. Would I give them the deposit now and then not make any payments until later, or would they just have me complete the paperwork and not pay ANYTHING until the building opens? i wouldn't mind saving the deposit money until later.

With the pre-sales incentive, I think you actually can get by with no downpayment, but you'll have a higher interest rate than if you were able to put down about 10%.

The last confirmed numbers I was aware of, the rate was 9.75% if you put 20% down (which includes roughly 10% back from DVC in the form of the $10 off per point). If you can only put down 10% (which would be the pre-sales incentive), the rate is 10.75%.

I've read one post that lists figures 1/4% higher than noted above, so they may have gone up recently.

 

[cruise-o-matic]

cruise-o-matic,

When you say you don't have to pay anything until your building is finished, does that mean the deposit also? I'm thinking of getting a Sept. UY and financing through Disney. Would I give them the deposit now and then not make any payments until later, or would they just have me complete the paperwork and not pay ANYTHING until the building opens? i wouldn't mind saving the deposit money until later.

Thanks!
Terri

No, they'll require that you put down at least a $500 deposit for them to send the paperwork for you to sign. It's just that you don't close until your building opens. Once you close, then you have to start making payments and pay maintenance fees.

Sorry for not replying earlier, but my Internet connection has been slow all day. Turns out, it's my wireless router which I've disconnected for now.

 

[JustLoveDisney]

Do they hold your rate until your building opens? Does this "protect" me from a rate increase?

Tks

 

[cruise-o-matic]

Do they hold your rate until your building opens? Does this "protect" me from a rate increase?

Tks

Yes. Once they send you the paperwork, you have 60 days to sign and send it back. During this time, you can also adjust the points in your contract up or down (but not lower than 150) and still get the same price for all your points. So even if the price goes up to $95 in the meantime, you can have them increase the points in your contract at the $85 price you committed to.

Your payments and maintenance fees won't begin until the building opens.

 

[cruise-o-matic]

BTW, the Timeshare Store has several Dec-Mar UY resales from 250+. Some have their current years points intact, which you could bank until next year.

In case you are interested in making an offer, there is a thread on the DVC Community board tracking Right of First Refusal price points.