EXPIRED - Direct Sales Incentives - Summer 2020 - Expanded list!

[kucanhead]

Well, after adding on resale at VGC and Aulani, I told myself I wouldn't add on any more until the DLH Tower goes on sale, but I just initiated the purchase of 125 points at Riviera to complement my Poly contract. It seems like DVC rarely has incentives for sub-150 point contracts, so I figured I should take advantage of it while it lasts.

I often see the recommendation to split up contracts into smaller contracts. Is there any benefit to splitting it into, say, 75-50? In general, do sub-100 point contracts command a large price premium over 125 point contracts? I don't plan to ever sell, but I suppose anything is possible. Are there any other reasons to consider splitting it? Is it so I could reduce my holdings in Riviera without completely eliminating it if I find I don't need all the points? My Poly contract is direct, so falling below 100 at Riv wouldn't hurt me.

 

[Doberge]

Well, after adding on resale at VGC and Aulani, I told myself I wouldn't add on any more until the DLH Tower goes on sale, but I just initiated the purchase of 125 points at Riviera to complement my Poly contract. It seems like DVC rarely has incentives for sub-150 point contracts, so I figured I should take advantage of it while it lasts.

I often see the recommendation to split up contracts into smaller contracts. Is there any benefit to splitting it into, say, 75-50? In general, do sub-100 point contracts command a large price premium over 125 point contracts? I don't plan to ever sell, but I suppose anything is possible. Are there any other reasons to consider splitting it? Is it so I could reduce my holdings in Riviera without completely eliminating it if I find I don't need all the points? My Poly contract is direct, so falling below 100 at Riv wouldn't hurt me.

There's usually some discount on contracts over 100 points but not as generous as they start getting at 150 on the current offer, as you've identified.

under 150 points I personally wouldn't worry about splitting into smaller contracts. Yes, smaller contracts will usually get more, but if you split like a $350 additional (estimated) fee over 50 points, you'd have to get another $7/point better on resale to break even. At 150 points you can consider splitting into 75 point contracts, which might be useful if you want to unload some but not all points.

 

[CastAStone]

Well, after adding on resale at VGC and Aulani, I told myself I wouldn't add on any more until the DLH Tower goes on sale, but I just initiated the purchase of 125 points at Riviera to complement my Poly contract. It seems like DVC rarely has incentives for sub-150 point contracts, so I figured I should take advantage of it while it lasts.

I often see the recommendation to split up contracts into smaller contracts. Is there any benefit to splitting it into, say, 75-50? In general, do sub-100 point contracts command a large price premium over 125 point contracts? I don't plan to ever sell, but I suppose anything is possible. Are there any other reasons to consider splitting it? Is it so I could reduce my holdings in Riviera without completely eliminating it if I find I don't need all the points? My Poly contract is direct, so falling below 100 at Riv wouldn't hurt me.

125 will still sell for a better PPP than say 175 or 200. But yes, 50 and 75 will sell for more per point. Not sure you’ll return enough to overcome the double closing costs though.

 

[poofyo101]

Well, after adding on resale at VGC and Aulani, I told myself I wouldn't add on any more until the DLH Tower goes on sale, but I just initiated the purchase of 125 points at Riviera to complement my Poly contract. It seems like DVC rarely has incentives for sub-150 point contracts, so I figured I should take advantage of it while it lasts.

I often see the recommendation to split up contracts into smaller contracts. Is there any benefit to splitting it into, say, 75-50? In general, do sub-100 point contracts command a large price premium over 125 point contracts? I don't plan to ever sell, but I suppose anything is possible. Are there any other reasons to consider splitting it? Is it so I could reduce my holdings in Riviera without completely eliminating it if I find I don't need all the points? My Poly contract is direct, so falling below 100 at Riv wouldn't hurt me.

I just bought all 50 point contracts. 200 points total
I would recommend you do the same. its only 4 dollars more per point for closing instead of doing all 200 together. You will surely get more on resale then that. Just my opinion.

 

[Where'sPiglet?]

I told myself I wouldn't add on any more until the DLH Tower goes on sale

I told myself the same thing....

....I'm currently in DocuSign for my 100 point CCV contract.

 

[poofyo101]

I told myself the same thing....

....I'm currently in DocuSign for my 100 point CCV contract.

Added on 200 at riv today. Now thinking should I get 100 at ccv too.

 

[Doberge]

Added on 200 at riv today. Now thinking should I get 100 at ccv too.

If yes get on that quickly so they can give you $40/point off at each instead of $35/point off at Riviera you currently have.

 

[poofyo101]

If yes get on that quickly so they can give you $40/point off at each instead of $35/point off at Riviera you currently have.

I really shouldn’t though.

 

[Where'sPiglet?]

So I was chatting with Member Services while I'm filling out this paperwork, and they said they can't bank the 2019 points until my contract closes. My guide said it would take 45 days to close, so I'll be the next use year before that happens.

Also, I can't book until I close and the points get moved into next use year. I'm already at the 10 month mark.

 

[CastAStone]

So I was chatting with Member Services while I'm filling out this paperwork, and they said they can't bank the 2019 points until my contract closes. My guide said it would take 45 days to close, so I'll be the next use year before that happens.

Also, I can't book until I close and the points get moved into next use year. I'm already at the 10 month mark.

That doesn’t sound like anything anyone has ever been told. Hang up call back and talk to someone else?

 

[Where'sPiglet?]

That doesn’t sound like anything anyone has ever been told. Hang up call back and talk to someone else?

I think they just closed for the night; I'll try tomorrow. I used the online chat feature.
The weirdest thing is that last week they did allow me to bank the points, and that was before I had even signed a thing!

Timeline:

• Last week, I called on Tuesday and was going to do the 50% down, 50% at 5.45% rate. (It's apparently not 4.75%).
• I was going to sign the documents on Wednesday, but my internet at home was down for a couple days because someone cut a fiber.
• Over the weekend, I sat down and decided I didn't want such high monthly payments; it was stressing me out.
• I emailed my last night guide; this morning they rewrote the financing to more of a 20/80 just to lower the monthly cost. I still plan to pay it off early; it will probably be closer to 18 months, but I have the flexibility.
• Turns out, this also changed my contract number to the next number up on the .00X. It's basically like it started over. Also, the unit number I was deeded is different than last week. It's a totally new contract, I guess. That's why I had to bank again.....or not!

 

[PaintsWithAllTheColors]

I think they just closed for the night; I'll try tomorrow. I used the online chat feature.
The weirdest thing is that last week they did allow me to bank the points, and that was before I had even signed a thing!

Timeline:

• Last week, I called on Tuesday and was going to do the 50% down, 50% at 5.45% rate. (It's apparently not 4.75%).
• I was going to sign the documents on Wednesday, but my internet at home was down for a couple days because someone cut a fiber.
• Over the weekend, I sat down and decided I didn't want such high monthly payments; it was stressing me out.
• I emailed my last night guide; this morning they rewrote the financing to more of a 20/80 just to lower the monthly cost. I still plan to pay it off early; it will probably be closer to 18 months, but I have the flexibility.
• Turns out, this also changed my contract number to the next number up on the .00X. It's basically like it started over. Also, the unit number I was deeded is different than last week. It's a totally new contract, I guess. That's why I had to bank again.....or not!

Woah - totally missed this apparently, but i didn't realize you could rates so low! Is that a special promotion? Or because you put 50% down?

 

[Lorana]

Added on 200 at riv today. Now thinking should I get 100 at ccv too.

If yes get on that quickly so they can give you $40/point off at each instead of $35/point off at Riviera you currently have.

I really shouldn’t though.

You’d essentially be getting that 100-point CCV for only $170/point, though!

— Enabling!

 

[Where'sPiglet?]

Woah - totally missed this apparently, but i didn't realize you could rates so low! Is that a special promotion? Or because you put 50% down?

Yes. The rate for 50% down is lower, but you also have to do a 1-year term with it, from what I understand.

It's not really advertised, but I saw someone post about it here. I think I could have pulled it off, but the extra interest (especially if I pay it off much earlier than 5 years) was not worth being locked into really high payments, especially with the economic climate right now.

 

[CherryDB]

Woah - totally missed this apparently, but i didn't realize you could rates so low! Is that a special promotion? Or because you put 50% down?

I spoke to a guide today and he told me the same thing. If you put at least 50% down you can get a lower interest. He told me 5.95% for 12 months because I have not been a DVC member for a year yet.

 

[Lorana]

So I was chatting with Member Services while I'm filling out this paperwork, and they said they can't bank the 2019 points until my contract closes. My guide said it would take 45 days to close, so I'll be the next use year before that happens.

Also, I can't book until I close and the points get moved into next use year. I'm already at the 10 month mark.

You need to call to bank. The online chat folks can’t do it themselves and need to fill out forms. I’d call tomorrow as you absolutely can bank 2019 points before you close (I literally bought RIV on 8/31 with a Sep UY and was able to bank that day, and I won’t close till November due to delayed payments).

 

[CastAStone]

I spoke to a guide today and he told me the same thing. If you put at least 50% down you can get a lower interest. He told me 5.95% for 12 months because I have not been a DVC member for a year yet.

Wow those are still excellent terms. If I wasn’t in The middle of trying to buy a house I’d be on that!

 

[Where'sPiglet?]

You need to call to bank. The online chat folks can’t do it themselves and need to fill out forms. I’d call tomorrow as you absolutely can bank 2019 points before you close (I literally bought RIV on 8/31 with a Sep UY and was able to bank that day, and I won’t close till November due to delayed payments).

Thank you. That is very useful information to have! I was wondering why he seemed to be difficult when the lady on the phone last week was all pixie dust and rainbows.

 

[Where'sPiglet?]

Now I have to figure out how to get this paperwork notarized. I have gone to my bank in the past, but it's "temporarily closed." I don't think it's due to Covid, because our numbers are lower now than the last time I went in to the branch. Maybe air quality, but they work inside??

Buy direct, they said. Super easy, they said.

 

[CherryDB]

Wow those are still excellent terms. If I wasn’t in The middle of trying to buy a house I’d be on that!

Yup. The 30/60/90 strategy on disney cc that some people have posted is not a bad plan either.
Best of luck with your house hunting/buying