03-09-2006, 10:09 PM
Community Rank: Jetsetter
Join Date: Dec 2005
Re: Tips on buying points...
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So, when I put in my dates for a Monday to Friday on a DVC calculator and it says it will be 44 points, and someone is renting their points for $10 each, then it would cost me $440 for my entire stay, correct?
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You got it. No taxes. No other fees.
Assuming that the renter you pair-up with provides some sort of written contract / agreement, just make sure that you read through it and are comfortable with the terms. S/he will dictate when and where payment is due, and also set the terms for any cancellations or rescheduling. One of the minor drawbacks of owning DVC points is that we do have limiations on cancellations. Canceling on less than 30 days' notice puts our points in jeopardy, and cancellations near the end of the owners points usage period (Use Year) can also severely limit options.
I've heard of renters that will try to re-rent the points on your behalf in case of emergency, while others will leave you with few options. Understand the terms you are agreeing-to and discuss anything that concerns you before proceeding.