Can you check my banking + borrowing math for me?

Discussion in 'Purchasing DVC' started by Disneymooner07, Jan 9, 2013.

  1. Disneymooner07

    Disneymooner07 Mouseketeer

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    I just want to make sure I'm understanding this banking and borrowing business correctly before I buy points and find out we can't actually take the trips I think we can! :eek: Our goal is to take a trip every other year alternating between a GV for one trip and then whatever accommodations we can get with 200 points for the next trip. Does the below math sound correct? :confused3

    Say I buy a 200 point resale contract with a Dec UY and all its 2012 points, I can bank those by July 2013 and be able to use them for a trip anytime until December 2014. In Dec 2013, I'll receive another 200 points and then at some time between December 2013 and December 2014, I can borrow the points from December 2014 to take a trip before December 2014. Is that correct? So I could have 600 points to book a Grand Villa for a trip at some point before December 2014? Are there restrictions on when/how to borrow? How early can I borrow my Dec 2014 points? I want to know what my 11-month window will be for our home resort - come to think of it, if there are restrictions on borrowing, Dec UY may be a problem if we want to take advantage of the 11-month window for a GV in the summer, right?

    And then, since I've already used my Dec 2014 points, I won't get points again until Dec 2015. But I can't use those points to book a trip until after I have actually received them in Dec 2015, so I wouldn't really be able to take a trip until after Dec 2015, right? So I'd realistically be looking at a mid 2016 time for the next trip? And then repeat: I'd bank Dec 2016 points with the Dec 2017 points and borrow Dec 2018 points for a Grand Villa trip sometime before Dec 2018, etc.

    Am I crazy or does that sound correct? I haven't put the offer in yet, but if this all sounds about right, I think we're going to go for 200 BWV points!!!
     
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  3. zavandor

    zavandor DIS Veteran

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    Your math is correct, but it looks like it's not clear to you one important thing: UY do not influence when you can book.

    Not really. In your 2013 UY, meaning from 12/1/2013 to 11/30/2014 you can use your 2012 banked points, your 2013 current points and borrow 2014 points.
    But you can book your stay when you want. You don't have to wait that the 2013 UY starts.
    So if you want to book for July 2013, you can book it 11 month in advance at you home resort, so starting in August 2012.

    Having a Dec UY and traveling in the summer is not convenient because if you cancel you would be near the espiration of points and it would be much more difficult to use the points.
    Look for a UY just before the month you think you'll travel the most.
     
  4. com_op_2000

    com_op_2000 DVC Member since '93

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    One additional point, when you book during this 2013 travel time period be sure you use the banked 2012 UY points and borrowed 2014 UY points first. That way if any are left over from the 2013 UY you can bank them into the your 2014 UY, to give you more time to plan a small get away.
     
  5. zavandor

    zavandor DIS Veteran

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    I don't agree. Borrow only the points strictly necessary to book the reservation. So remaining 2014 points can be used in 2013 (borrowing them), in 2014 or banked to 2015.
     
  6. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    rule #1 - UY tells you nothing at all about when you can book.

    as stated, you can book at 11 months out at your home resort with banked pts from the previous year + current pts from the current UY ("current" based on the dates of the stay - see rule #1) + borrowed pts from the next UY (if needed).

    check online after you close. your 2015 UY pts are already loaded in your account. you can borrow them one time, so you could use them for a stay as early as dec 1, 2014 - your only limit is that you are more than 11 months out from dec 1, 2014.

    i agree with zavandor.

    you'd only follow com_op_2000's advice if you had already borrowed the 2014 pts...

    in that case, you'd use the borrowed pts first.
     
  7. com_op_2000

    com_op_2000 DVC Member since '93

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    This is the case that I was talking about, I did not make my point clear enough. Sorry
     
  8. disneynutz

    disneynutz DIS Veteran DIS Lifetime Sponsor

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    Here are my thoughts.

    Choose your UY based on your normal vacation patterns.

    Grand Villas can be a challenge to get even at 11 months depending on the resort and time of year so plan accordingly.

    Choose your home resort based on where you love to stay.
     
  9. Disneymooner07

    Disneymooner07 Mouseketeer

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    Thank you all so much clarifying and for the great tips and advice!! The DIS rocks! :thumbsup2

    I definitely was hung up on the UY as affecting my booking window. So just one more example to make sure I understand - if I'm looking at an Oct UY and it has no 2012 points, but 200 points coming October 2013 and then another 200 points coming October 2014, can I book for August 2014 and also borrow October 2015 points?? Would I have enough points to book a 600-point reservation in summer of 2014? My guess is no, but I just want to be sure I'm understanding correctly.
     
  10. ELMC

    ELMC DIS Veteran

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    No, you would not have enough points. Your October 2013 UY points are good from October 1, 2013-September 30, 2014. So summer of 2014 is in your 2013 UY still.

    As an aside, you may want to read up on the threads that talk about valuing contracts and the difference between purchasing a loaded and stripped contract. Spoiler alert: stripped contracts are frequently not a good deal as the price rarely reflects the fact that points are missing.
     
  11. Disneymooner07

    Disneymooner07 Mouseketeer

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    That's what I thought - I don't think this resale contract will work for us :( Ideally I'd like to get a loaded contract, but I was going to offer a fairly low price for the stripped contract if it still enabled me to book a big Grand Villa trip for summer 2014. Since it won't even work for that, it'll be a no for us. Thank you!!
     
  12. chalee94

    chalee94 <font color=green>I thought all sand was ground up

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    Right - First, identify what UY you are traveling in:

    Aug 2014 is during your Oct 2013 UY (and ideally, you really don’t want to travel that late in your UY) since your Oct 2013 UY goes from Oct 1, 2013 to Sept 30, 2014.

    If you have access to current 2013 UY pts, you can also use banked 2012 UY pts and borrowed 2014 pts. But since you can only use banking and borrowing to move pts up or back one time, you would not have access to 2015 UY for that reservation.
     
  13. myxdvz

    myxdvz DVC - BLT

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    If you want to book a GV on August 1, 2014. Ideally you want to have a

    June/July/August UY

    11 months before that, on September 1, 2013, you can book a GV using your

    banked 2013 points
    current 2014 points
    borrowed 2015 points

    giving you 600 points

    Even if you buy a loaded contract now
    - assuming banked points from 2011 (must use by May/June/July 30th 2012)
    - and current 2012 UY points (must use by May/June/July 30th 2013, if banked must use by May/June/July 30th 2014)

    You still can't use those for your planned trip on August 2014. So as long as you have a June/July/August UY contract that still has 2013 points, you should be good.
     
  14. Sandisw

    Sandisw Moderator Moderator

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    Just to clarify--there is no July UY.

    As already mentioned, if one has a specific time of year that they travel, then try to find a UY that starts just prior to allow the most flexibility for what to do with points if a cancel or change happens.

    If summer is a travel time the OP typically does, then finding a March, April or June UY would work well. If you go with one do those, then to cover an August 2014 trip with those 600 points, would be able to use 2013 banked UY points, 2014 UY points, and borrow 2015 UY points.

    Good luck!!
     

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