which is a better deal

[sgoldberg]

both old key west. both $62.00 a point.

1. one has 450 expiring dec03 and 700 being awarded dec02
2. the other has 475 expiring feb03, 300 expiring feb 04 and 700 being awarded in feb03


my intent is to use most of the time. but might rent some on occasion

 

[jmminarik]

Let me see if I got this right:

Both contracts are for 700 points. Both contracts would cost $62 x 700 pts. Ergo, the cost will be the same.

Option 1: 450 banked points from 12/01 that expire 11/30/03.

Option 2: 475 banked points from 2/01 that expire 1/31/03, with 300 points banked from 2/02 use year. I assume no points remaining in the 2/02 use year.

If my figuring is correct, it seems to my somewhat faulty brain that option 2 would give you more points over the next two years.

However, you need to consider when you go to WDW. If you always go in November, a Dec. use year isn't an ideal situation.

Hope this helps,
Joe

 

[KNWVIKING]

I don't understand how you can have points expiring on consecutive days. Were points from current use year not properly banked ? But that doesn't sound right either because I'm assuming contract has a feb use year. Come on you points experts,explain this to me.

 

[chris1gill]

I agree with jmminarik on this one... Option 2 will give you more points over the next two years. Additionally, if you are going to be going to Disney during the month of November, it's not ideal to have a December use year... So that brings me back to Option 2, which has a February use year, I'd go with that...

 

[drtpaper]

The sooner you get points, the sooner you have value. You can rent the current available points and the ones you will get with option #2. You have to watch your month though, you will need to consider the difference in when you will use them and your month.

 

[sgoldberg]

i though number 2 was better as well but my realtor was pushing the december deal because he felt I would get an extra years worth of points.

I too was concerned about having points expire on dif dates.
The broker thought that perhaps this occured becuase the guy cancelled a vacation at last minute.

Being new to dvc i really wouldn't know.

 

[Dean]

I'd agree the second option has a slight advantage. I'd take the one I could get at the cheaper price. I would not give $62 pp for 700 OKW points, you should be able to get the price lower on that many points even after the price increase in a week. Even better would be to make an offer at a lower price, get it done and push the submission through before next week. That way you might have a chance at getting into the DVC determination committee at the "old" price.

Don't forget to consider you're fees and closing costs as that may end up being the difference in these contracts. Good luck.

 

[Richyams]

Use year is also a consideration. Not a major one, but it is something to think about.

Do you usually vacation the same time every year?

If so, a use year zero to six months before that time would be best.

If you vacation all different times and/or rarely cancel a vacation, use year is of little to no concern.

 

[jmminarik]

Originally posted by sgoldberg
both old key west. both $62.00 a point.

1. one has 450 expiring dec03 and 700 being awarded dec02
2. the other has 475 expiring feb03, 300 expiring feb 04 and 700 being awarded in feb03


my intent is to use most of the time. but might rent some on occasion

I made one assumption in my interpretation of the 'dates'. Dec02 = December 2002, not December 2nd, 2002. (This would actually be 11/30/2002). Same with the rest of the dates...that may be where Viking is confuzzed. Maybe I'm confuzzed and some how it _is_ december 2nd, 2002 (etc.)

I'm not sure if your write up SGoldberg was your interpretation or how it was told to you. I _think_ most of us who try to maximize our points think in terms the way I wrote out...which points from which year and if they are banked, borrowed or stolen. Ok, maybe not stolen.

The rules for cancelling aren't in front of me, but the overriding rule is that points from a cancellation have to be used within the use year. There's a whole mess of stipulations based on the 'time' of the cancellation, and if they were points used outside of DVC (i.e. staying at a hotel somewhere) the rules change slightly again. However, I'm not sure how you could come up with a December 2nd 2002 expiration this far out from December.

I'm also assuming you are buying from the host of this board or one of the other's that people mention (I forget their names). Basically, someone who is intimately familiar with DVC, and not just another timeshare reseller.

In any event, being somewhat anal about points and their use, I'd want an written explanation of the points and how they were arrived at, in a fashion that I wrote previously.

Finally, just as a warning so you know, 700 points in a single contract is relatively speaking, more difficult to sell than two 350 point contracts. This is usually because the average buyer doesn't have enough money to do 700 point contracts. So, be aware selling in a few years might be more difficult than you think, but at the same time, this could be a point to factor in when offering a price lower than the requested 62/pt.

I hope this helps,
Joe
(who would by a 700 point contract if he didn't have to keep paying the government's protection money every paycheck. )