Purchasing Stripped Contract - Confused Re: Borrowed Points

Discussion in 'Purchasing DVC' started by suemom2kay, Apr 27, 2014.

  1. suemom2kay

    suemom2kay DIS Veteran

    Joined:
    Feb 26, 2008
    Messages:
    1,517
    Hi everyone,

    I'm purchasing a 25 pt contract @ BWV with an October use year. There are 13 borrowed points coming 10/14 that must be used by 10/15. Then there are 12 remaining points in 2015. Full points from 10/16 onward.

    How is it possible for 2015 points to have been borrowed prior to the beginning of the 2014 UY?

    Here is the clause in my contract: 10. SPECIAL CLAUSES: BUYER TO RECEIVE 13 BORROWED POINTS FROM THE 2015 ALLOCATION, WHICH NEED TO BE USED BY 10/1/15, 12 POINTS FROM

    THE 2015 ALLOCATION, 25 POINTS FROM THE 2016 ALLOCATIONAND ALL POINTS FROM CLOSING FORWARD.

    Thanks for your help.
     
  2. Avatar

    DIS Sponsor The Official Ticket Center is Orlando’s #1 discount attraction ticket agency, selling millions of Walt Disney tickets around the world.



    to hide this adverts.
  3. Splashboat

    Splashboat Always looking for cheap airfare

    Joined:
    Dec 20, 2010
    Messages:
    643
    They could have done something such as book a vacation for this November and borrowed the points - then canceled and decided to sell.
     
  4. NoleFan

    NoleFan DIS Veteran

    Joined:
    Mar 30, 2013
    Messages:
    726
    But you can only borrow 1 uy ahead. Right now, they are in oct 13 uy so they could only borrow into OCR 14 or so I thought?
     
  5. Splashboat

    Splashboat Always looking for cheap airfare

    Joined:
    Dec 20, 2010
    Messages:
    643
    It goes by travel date. I already borrowed into one of my contracts. 2015 points for my 2014 vacation.
     
  6. robinb

    robinb DIS Veteran

    Joined:
    Aug 29, 1999
    Messages:
    31,461
    It depends on when the vacation takes place not when you book. If they booked an October 2014 vacation or later (in their 2014 use year) they would be able to borrow from the 2015 UY.
     
  7. that's nice

    that's nice DIS Dad #330

    Joined:
    Nov 23, 2008
    Messages:
    13,300
    So basically the seller booked a trip after 10/1/14, canceled, then put up their points for sale?
     
  8. Splashboat

    Splashboat Always looking for cheap airfare

    Joined:
    Dec 20, 2010
    Messages:
    643
    To the best of my knowledge that is the only way it would have happened.
     
  9. suemom2kay

    suemom2kay DIS Veteran

    Joined:
    Feb 26, 2008
    Messages:
    1,517
    Thanks everyone. Makes sense.
     

Share This Page