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Question on borrowed points

Discussion in 'Disney Vacation Club - DVC' started by NewbieMom, May 2, 2018.

  1. NewbieMom

    NewbieMom Guest

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    I've been reading and learning about DVC for the past few months. I've also been looking at contracts on the various resale broker sites. I just saw a contract that confused me. It has a Sept UY, with no 2017 or 2018 points and only 39pts (out of 160) for 2019. Is it possible to borrow 2 years in advance? Since the contract has a Sept UY, 2018 points would have been borrowed. How is it poosible that 2019 points are partially used already? Thanks in advance for enlightening me!
     
  2. Dean

    Dean TUG Member

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    Reservations use points based on the date of the reservation so if you were reserving in the 2018 UY, you could access 2019 points. Cash type reservations like DCL can also access points ahead in many situations. I'd be worried you couldn't close for a while since you wouldn't be able to close with an open reservation. This is not uncommon, it's called a stripped contract. The other component is that dues are paid on a calendar year basis, not UY. So the dues paid this past Jan were for 8 months of the 2017 UY and 4 months of the 2018 NOT for the 2018 UY. That means dues pain this next Jan and the one after that would follow the same process. So if one bought that one and closed and didn't pay any dues to the seller, they'd still be paying dues in Jan, 19 on 8 months of the 18 UY and 4 months of the 19 UY and thus overpaying in dues, assuming no adjustment in the contract, by around 13-14 months worth of dues. Further those lost points have a value of roughly $15 per point (minus any dues you'd pay).

    Usually a loaded (full banked, all current & future points) is the best deal even if one has to pay a little more and reimburse for some dues, esp if one can hope to use or rent the banked points AND bank the current UY points if needed.
     
  3. frank808

    frank808 TUG Member

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    You can borrow 2019 points to use for a reservation for any month of 2018 before Sept. Use year is when you get the points loaded into your account. You do not have to wait until your use year starts to use the points for a reservation in that calendar year.

    Sent from my SM-T217S using Tapatalk
     
  4. NewbieMom

    NewbieMom Guest

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    Thanks for the explanation! The UY vs calendar year really confuses me.
     

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