What is the advantage to.......

[dudleydog]

buying at one resort, than ading points from another.....versus buying a new contract at resort #2?

 

[Donald is #1]

The advantage is that you don't need to buy 160 points at the second resort. If you just do an add-on, then you can buy as little as 25 points.

 

[Deb & Bill]

You don't have to use your once a year transfer to use points from the master for the add-on resort. But you still only get 11 months advantage for each resort and not a combination of the points.

Plus, if you buy from Disney, they will want to offer you only your current use year and not a different one.

 

[SanDeeKath]

OK, I am dense and would like to know the answer to this too. Could someone explain it a bit more in detail. I've read the previous 2 posts 10 times each and still don't get it!

Katherine

 

[Buckeye Fan]

I looked into this and asked a few people on the boards with multiple contracts the pros and cons. While most people don't mind having different contracts or different UYs, here is where I landed.

* You can't collectively use all of your contract points until the 7 month mark. So unless you buy enough points to cover an entire ressie or enough to take advantage of banking and borrowing to cover it every 3 years, there's not much benefit.

* Unless you can cover the entire night's ressie with one contract, points from different contracts can't be combined unless you transfer. So, for example, say you need 30 points to cover a given night. If your AKV contract has 15 points available, and your SSR has 15 points available, you can't combine them, unless you transfer points, to make the reservation. You can transfer, but you're only allowed 1 transfer per UY (either in or out of an account).

Bottom line, we were looking at a small add-on (25 - 50 points), and it just didn't make sense for us.

 

[SanDeeKath]

I looked into this and asked a few people on the boards with multiple contracts the pros and cons. While most people don't mind having different contracts or different UYs, here is where I landed.

* You can't collectively use all of your contract points until the 7 month mark. So unless you buy enough points to cover an entire ressie or enough to take advantage of banking and borrowing to cover it every 3 years, there's not much benefit.

* Unless you can cover the entire night's ressie with one contract, points from different contracts can't be combined unless you transfer. So, for example, say you need 30 points to cover a given night. If your AKV contract has 15 points available, and your SSR has 15 points available, you can't combine them, unless you transfer points, to make the reservation. You can transfer, but you're only allowed 1 transfer per UY (either in or out of an account).

Bottom line, we were looking at a small add-on (25 - 50 points), and it just didn't make sense for us.

OK, so say you have 200 points at AKV. You want to add on 150 at SSR. Is there any advantage to buying the 150 points as add on from DVC or getting a second contract with SSR for the 160 from DVC?

Kath

 

[Donald is #1]

OK, let me try a slightly different approach.

1) If you want less than 160 points at a 2nd resort, then you want to add-on to your current contract since new contracts need to be 160 points minimum (if you are buying directly from Disney).

2) Combining points from the 2 resorts at the 7 month mark, if you have just one master countract, you can combine the points from both resorts at the 7 month mark. If you have 2 contracts, then you need to transfer points between the contracts (limited to once per year).

 

[AKV707]

I didn't think that you could transfer points from one resort to a different one.

But the rest of what the pp has said is true. When adding a second resort, you need to have enough points that on their own, or with borrowing and banking, would enable you to cover an entire stay at that second resort. I have only done one add on and it was a subcontract to my AKV contract, meaning all of my points are at AKV. Right now that makes sense for us. It enables us to book larger accomodations at AKV at the 11 month window.

Down the road, who knows? I could see us in a few years adding on a 70-100 point contract at a second resort. or we could just add on more at AKV. Hard to say.

 

[Donald is #1]

I didn't think that you could transfer points from one resort to a different one.

I may have not been clear, my intent was to say that you would need to transfer the points between contracts not the resorts itself.

 

[SanDeeKath]

So if you add on through DVC, it's always going to be one contract and points at 7 months are the same. If you buy 2 contracts for 160, you would need to xfer between them (allowed once a year) in order to combine points.

Seems like add ons are a no brainer. But, if you have separate smaller contracts, they are easier to sell on resale. In case you don't use your points up each year. I see contracts for 300-400 points and they are selling for less than the smaller contracts.

K

 

[Dean]

OK, so say you have 200 points at AKV. You want to add on 150 at SSR. Is there any advantage to buying the 150 points as add on from DVC or getting a second contract with SSR for the 160 from DVC?

Kath

If you buy the same UY and with the same owners it'll be an "add on" even if 160 points or more. The difference is if you wanted a different UY for some reason OR to have different names on the contract, you could at 160 from DVC but not at 150. Also, one can add on larger amounts but do it with multiple smaller contracts though this only makes sense if buying directly from DVD. We did 100 pt add on at AKV 4*25.

One might buy a different home resort for multiple home resort priorities, because that's the contracts you could find or the price you wanted to pay, or because dues were lower. That's the big plus I see for SSR ongoing, that the set up there lends itself to less maint costs going forward if it's legal to use lower maint fees and DVC in the same post as it is something of an oxymoron.

 

[chalee94]

So if you add on through DVC, it's always going to be one contract and points at 7 months are the same. If you buy 2 contracts for 160, you would need to xfer between them (allowed once a year) in order to combine points.

i think what they are trying to say is that if you add-on through DVC, you will have one master contract (i.e. one membership number). the master contract and the add-on will still be treated separately with regard to home resort and can still be sold separately. you can buy two 160 pt contracts from DVC and if they are the same use year month, they can be linked under one membership number and pts can be combined/pooled at 7 months (or 11 months if both 160 pt contracts have the same home resort.)

if you have 2 separate membership numbers, you would have to transfer pts between contracts to be able to combine/pool them at 7 months.

* Unless you can cover the entire night's ressie with one contract, points from different contracts can't be combined unless you transfer. So, for example, say you need 30 points to cover a given night. If your AKV contract has 15 points available, and your SSR has 15 points available, you can't combine them, unless you transfer points, to make the reservation. You can transfer, but you're only allowed 1 transfer per UY (either in or out of an account).

in the case of add-ons, i'm pretty sure this paragraph is incorrect. at 7 months, you can pool/combine your add-on points with your master contract without using a transfer.

 

[SanDeeKath]

Ok, thank you thank you! It helps to think of it as a master contract! So I can keep adding on separate contracts for smaller amounts to the Master Contract and then I don't need to worry about the transfer limit. Then, if down the line, I feel like gifting or donating or selling one of the smaller contracts, I am good.

That seems to be a perfect plan. I don't really see why someone would then want to buy 2 master contracts and have to worry about the transferring of points and the limits. Just ask for separate contracts under one master.

I actually think that is our current set up. We bought 160 at AKV at opening and just added more points under our master contract. But the add on was a separate contract as I wanted to be sure I could get rid of it in case we do purchase GCV in the fall and find ourselves with too many points.

K

 

[SSRJen]

How many points (how small) of an add-on can you do if you buy directly from Disney? Can you add-on to the same resort and book at that resort with all points 11-months out?

 

[Deb & Bill]

How many points (how small) of an add-on can you do if you buy directly from Disney? Can you add-on to the same resort and book at that resort with all points 11-months out?

Smallest add on is 25 points. 50 points if you want to finance them. If they are all the same resort and same master contract, you can use all of them at 11 months out. If they are two different resorts, they are only good at their respective resort at 11 months, but combine them at 7 months for any resort.

For example, our original contract (we still have this) is xxxxx.000. We added on at the same resort and that became xxxxx.001. We added on at a different resort and that became xxxxx.002. We added on at a third resort and that became xxxxx.003. We recently sold xxxxx.001 and xxxxx.003. So we still have xxxxx.000 and xxxxx.002 (two different resorts). Plus one resale which is yyyyy.000 (different use year, but same resort as our original).

 

[Buckeye Fan]

OK, so say you have 200 points at AKV. You want to add on 150 at SSR. Is there any advantage to buying the 150 points as add on from DVC or getting a second contract with SSR for the 160 from DVC?

Kath

Off the top of my head...

Pros/cons of adding on through Dis:
* if available, you'll have access to your points faster through Dis
* no closing costs (I'm pretty sure this applies to add-ons for other resorts as well)
* add-ons under 160 points must retain the same UY as your other contracts
* higher cost per point
* if OKW, contract expiration date of 2057 through Dis versus 2042 via resale (at least for right now)
* depending how many points you purchase, incentives may apply

Pros/cons of buying resale
* can choose any UY, any amount of points
* closing costs apply (but can be negotiated)
* cheaper price per point (smaller contracts are priced higher and may not be a better deal when you add in closing costs)
* takes about 2 - 3 months to gain access to the points
* must pass ROFR

 

[Inkmahm]

That seems to be a perfect plan. I don't really see why someone would then want to buy 2 master contracts and have to worry about the transferring of points and the limits. Just ask for separate contracts under one master.


K

Exactly! We have one master contract with one contact for BWV, 2 for VWL and 4 for AKV. All have October use year. The best advice I ever got from my guide was to NOT buy another master contract with a different UY. Almost did that right after we bought our initial contract at BWV. Thank God we didn't. What a management nightmare!