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-   -   Major headache? (http://www.disboards.com/showthread.php?t=3186918)

disneydad33 10-16-2013 09:37 AM

Major headache?
 
We just bought DVC direct while at AKL for AKV yesterday! We wanted to buy our first points direct through Disney but I would like to add more points from the resale market in the future. Our sales person said that Use Year is a big issue if adding on resale points in the future. He said if we bought points that have a different UY month than ours that it causes "major headaches" and isn't worth it. Is there truth to this? Should UY be a consideration when buying resale? Or is he just trying to keep us buying direct?

erionm 10-16-2013 09:43 AM

If you purchase a different UY, you will end up with multiple memberships. In order to use the points for a single reservation, you would have to either (1) transfer points from one membership to the other, or (2) book separate reservation using each membership and have them linked. Points transferred retain their original home resort and UY.

If you purchase the same UY, those points can be added to your existing membership as a subcontract if titled exactly the same way. Using these points for a single reservation is seamless (no transfer, no multiple rooms). If different home resorts, you can combine them for a reservation at 7 months. If the same home resort, you can combine them for reservations at 11 months.

disneynutz 10-16-2013 11:00 AM

Quote:

Originally Posted by disneydad33 (Post 49841180)
We just bought DVC direct while at AKL for AKV yesterday! We wanted to buy our first points direct through Disney but I would like to add more points from the resale market in the future. Our sales person said that Use Year is a big issue if adding on resale points in the future. He said if we bought points that have a different UY month than ours that it causes "major headaches" and isn't worth it. Is there truth to this? Should UY be a consideration when buying resale? Or is he just trying to keep us buying direct?

UY should be a consideration in your case when buying direct. When will you vacation and what UY did they sell you?

Why did you buy direct if you don't mind me asking?

:earsboy: Bill

bobbiwoz 10-16-2013 12:43 PM

Years ago I wanted more BCV points, and I have March UY. I almost bought a different UY, but in the end I wound up buying direct. I am someone who would go out of my way, pay more if I have to, to get the same UY.

Some people say that it's not that much of a hassle but you do have to transfer the points from one to the other if you want to combine points for a single night. I do not think this can be done on line, and mostly I book on line now.:thumbsup2

disneydad33 10-16-2013 03:23 PM

We typically vacation in the fall although and the UY we were given was April, backdated to 2013 to have more points available quickly.

We bought direct initially to have the flexibility to use all of the "collections" (yes I know it is not usually the 'best' use of points). I would like to buy more points in the future via resale.

disneynutz 10-16-2013 04:36 PM

Quote:

Originally Posted by disneydad33 (Post 49844156)
We typically vacation in the fall although and the UY we were given was April, backdated to 2013 to have more points available quickly.

We bought direct initially to have the flexibility to use all of the "collections" (yes I know it is not usually the 'best' use of points). I would like to buy more points in the future via resale.

You are currently in your 2013 UY so nothing was back dated. As you have probably read you get added insurance by choosing a UY just prior to your normal vacation dates.

8 month banking window means that with an April UY, your have to bank by the end of November to save your points. That means that the points for December - May canceled vacations have to used before April or you lose them. Disney picks a UY and puts everyone in it for some reason. My guess it that there is some financial benefit that I am not aware of.

Think about your UY, you have 10 days from signing your contract to change it. After that the only way to change it is to sell the contract.

You might want to think about the collections again, buying resale can save you thousands of dollars.

:earsboy: Bill

JimMIA 10-16-2013 04:43 PM

Quote:

Originally Posted by disneydad33 (Post 49844156)
We typically vacation in the fall although and the UY we were given was April, backdated to 2013 to have more points available quickly.

Nothing was backdated, and you got nothing special.

An April UY runs from April 1 through March 31 of the following calendar year. Since the 2013 April UY runs from April 1, 2013 through March 31, 2014, we are currently IN the 2013 UY.

You got nothing special at all. All you got was the points you bought.

If your DVC timeshare salesman told you that you got something special, he/she was intentionally misleading you.

They may also tell you that you got a "deal" because you are only paying the annual dues from your closing until the end of calendar 2013, but your points can be used through the end of March 2014. Again -- intentionally misleading statement.

Annual dues have nothing to do with UY; they cover the operation of your home resort (and common services like MS) for the calendar year -- Jan 1 - Dec 31. You are not getting a deal by the prorating of the dues -- you are just paying the dues you owe.

Quote:

We bought direct initially to have the flexibility to use all of the "collections" (yes I know it is not usually the 'best' use of points). I would like to buy more points in the future via resale.
You obviously know about the resale market.

With AKV (if that's the home resort you want), you can save a ton of money buying resale. The process will take a little longer than buying direct, but if you're paying 50-60% of what you would pay direct, it's probably worth the wait.

You have ten days, under Florida real estate law, to rescind (cancel) the purchase and get all your money back without question. My suggestion is that you thoroughly research DVC for the next week and make your decision as an educated consumer. If you can't finish your research in a week, cancel your purchase and finish your research. You have absolutely nothing to lose by following that strategy, and maybe a LOT to gain.

In particular, research the points costs of all those wonderful "Collections" options. In most cases, I think you'll find those options are cost-prohibitive and therefore something you wouldn't really use anyway.

GiantsNiners11 10-16-2013 05:16 PM

Quote:

Originally Posted by JimMIA (Post 49844787)
Nothing was backdated, and you got nothing special.

An April UY runs from April 1 through March 31 of the following calendar year. Since the 2013 April UY runs from April 1, 2013 through March 31, 2014, we are currently IN the 2013 UY.

You got nothing special at all. All you got was the points you bought.

If your DVC timeshare salesman told you that you got something special, he/she was intentionally misleading you.

They may also tell you that you got a "deal" because you are only paying the annual dues from your closing until the end of calendar 2013, but your points can be used through the end of March 2014. Again -- intentionally misleading statement.

Annual dues have nothing to do with UY; they cover the operation of your home resort (and common services like MS) for the calendar year -- Jan 1 - Dec 31. You are not getting a deal by the prorating of the dues -- you are just paying the dues you owe.

You obviously know about the resale market.

With AKV (if that's the home resort you want), you can save a ton of money buying resale. The process will take a little longer than buying direct, but if you're paying 50-60% of what you would pay direct, it's probably worth the wait.

You have ten days, under Florida real estate law, to rescind (cancel) the purchase and get all your money back without question. My suggestion is that you thoroughly research DVC for the next week and make your decision as an educated consumer. If you can't finish your research in a week, cancel your purchase and finish your research. You have absolutely nothing to lose by following that strategy, and maybe a LOT to gain.

In particular, research the points costs of all those wonderful "Collections" options. In most cases, I think you'll find those options are cost-prohibitive and therefore something you wouldn't really use anyway.

OP didn't ask about this, but I agree. Rescind and buy resale especially at AKV!

You can more than DOUBLE the points for the same price.

We just got a 250 contract at AKV that was loaded with 500 points with no MF's at all (that's REAL FREE points, not salesmen talk). It was $67 per point....nearly $80 per point CHEAPER than retail. That's a savings of $20,000!!! Giving up the collection is not a huge loss imho since they are just a terrible way to burn points at WDW anyway.

If we rent out all the 2012/2013 FREE Points, it brings our per point cost to $41 per point with all points coming in 2014 UY just a few months away. Compare $41 per point to $140+ per point. No brainer.

blessed2BaMama 10-16-2013 05:36 PM

Quote:

Originally Posted by GiantsNiners11 (Post 49845069)
OP didn't ask about this, but I agree. Rescind and buy resale especially at AKV!

No brainer.

I agree with this completely!! A loaded contract is worth so much more the "extras" from buying direct (in my opinion)!!

DisK 10-16-2013 05:44 PM

I disagree. It's the OP's money, let him/her spend it where he/she wants. Maybe they trust Disney more. Maybe they felt more comfortable dealing with them. There could be a number of reasons to deal directly with Disney. If we (my fiance and I) were that worried about money, we would have looked at a resale. Instead, we knew, regardless of where we bought, that our first contract was going to be direct. The added perk was that the VGF just opened.

Annielkd22222 10-16-2013 05:58 PM

Quote:

Originally Posted by DisK (Post 49845279)
I disagree. It's the OP's money, let him/her spend it where he/she wants. Maybe they trust Disney more. Maybe they felt more comfortable dealing with them. There could be a number of reasons to deal directly with Disney. If we (my fiance and I) were that worried about money, we would have looked at a resale. Instead, we knew, regardless of where we bought, that our first contract was going to be direct. The added perk was that the VGF just opened.

How does buying direct help with that? I get the trust issue.....but other than that the price difference doesn't equate.

JimMIA 10-16-2013 06:23 PM

Quote:

Originally Posted by Annielkd22222 (Post 49845395)
How does buying direct help with that? I get the trust issue.....but other than that the price difference doesn't equate.

A LOT of people buy DVC who would never dream of buying a timeshare. :scared1:

For that target market group, the fact that they are buying from Disney gives them a comfort level they would not have purchasing resale...despite the fact that they probably bought their HOME resale through a real estate broker, and despite the fact that resale timeshare brokers are governed exactly the same as DVC by the same laws, regulations, and regulatory agencies.

We're talking about timeshares...it's not supposed to make sense!

GiantsNiners11 10-16-2013 07:24 PM

Quote:

Originally Posted by DisK (Post 49845279)
I disagree. It's the OP's money, let him/her spend it where he/she wants. Maybe they trust Disney more. Maybe they felt more comfortable dealing with them. There could be a number of reasons to deal directly with Disney. If we (my fiance and I) were that worried about money, we would have looked at a resale. Instead, we knew, regardless of where we bought, that our first contract was going to be direct. The added perk was that the VGF just opened.

Of course. In no way do I want to tell people how to spend their money. Trust is a good point....and I would add that the convenience of having your points "NOW" is another instant gratification reward. I envy those that buy direct and get their points instantly!!!

HOWEVER....

We can afford to buy direct. But I'm wired to get good deals....I would not sleep well if we paid double or triple when we could have gotten nearly the exact same thing for 1/2 to 2/3 cheaper! That's just the way I am. The "comfort" I get is in the savings. Some people get comfort from dealing with a company. That's totally fine! I just think the OP should know that it's an option and it will save him thousands upon thousands of dollars. I would've been glad for someone to educate me first (In fact...someone did and I owe him a big thank you!).

If he doesn't like the advice or agree that saving the money is worth it, he is still free to spend the money any way he wants and nobody here should/would fault him for that. I totally get why people buy direct. It's the exact same reason why I hope people respect why I probably never will buy direct. We have the money to burn, sure. But it would keep me up at night because I'm a weirdo like that. It would probably even ruin some of my vacations thinking about it....and that's never a healthy thing.

disneynutz 10-16-2013 07:48 PM

Of course people can spend their money as they see fit. The OP is a new poster who may not understand UY or resale so we volunteer the info in an effort to share our knowledge and to level the DVC purchase playing field. It may seem like overkill preaching the same thing over and over but I do get emails and PM's from buyers thanking me for providing the info.

:earsboy: Bill

disneydad33 10-16-2013 09:16 PM

I have been considering DVC for four years, and am more familiar with the options than I may have come across. Although I did go into the presentation having not researched current point prices direct vs. resale in over six months. My sales rep overstated the current situation when I asked about the resale market and inferred that Disney is now excercising ROFR much more than in the past. While that may be true, it does not seem to be true specific to AKV from what I have been reading on these boards today.

In addition to liking the flexibility of the various collections(I have researched these and while I would never cruise with points, there are a few reasonable options we may use down the line), I also wanted to finance for a one year period only. While I know any financial advisor would say never to do this, for us it made sense as we have predictable income coming in mid 2014 that will allow us to completely pay it off, yet experience the benefits of the points right away.

I may still be misunderstanding the month and date for our use year, but it does sound like an advantage to me. By dating it to April (as opposed to October for example), my points 2014 points will come through six months sooner and we can plan a very big vacation for next fall using 2013 and 2014 points. "Back dating" was my terminology - not the sales rep's. This was sold as a promotional benefit. Is April always the month in which AKV is sold?

I will be looking at resale rates throughout this week to consider that option.

On another note, what opinions do you have regarding buying non-discounted GFV instead of our discounted AKV? Would that be a better purchase since selling those points - if we ever needed to consider selling - would most likely demand a better rate? Or should we wait for those to go on the resale market a few years down the line? In addition GFV would be our favorite destination once complete, and I imagine without owning there, it would be a long time before points from other resorts would be able to secure reservations there.


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