2042 Expiration

[sivako!]

We just purchased a BCV resale contract and have a question regarding the 2042 expiration. Our use year is March, with the contract expiring in January 2042 does this mean we will be "shorted" that last year and just won't pay any dues? Do we get those points and they just have to be used within a certain time period? Thanks for any help you can provide!

 

[Stargazer65]

We just purchased a BCV resale contract and have a question regarding the 2042 expiration. Our use year is March, with the contract expiring in January 2042 does this mean we will be "shorted" that last year and just won't pay any dues? Do we get those points and they just have to be used within a certain time period? Thanks for any help you can provide!

The lease expires January 2042. None of us get 2042 points, and we cannot use the resort after January 2042.

 

[sivako!]

The lease expires January 2042. None of us get 2042 points, and we cannot use the resort after January 2042

The lease expires January 2042. None of us get 2042 points, and we cannot use the resort after January 2042.So

The lease expires January 2042. None of us get 2042 points, and we cannot use the resort after January 2042.

So is it possible to borrow those points to use in 2041? Forgive my ignorance we're new at this.

 

[Stargazer65]

So is it possible to borrow those points to use in 2041? Forgive my ignorance we're new at this.

That's okay, this is a topic a lot of us don't know all the answers because it's never happened yet. I have questions about it myself.
As long as we have points yes we can borrow them. The only thing I know is we can't book that resort after January 31, 2042.
@Sandisw can you help?
When are the last points received? December 2041?

 

[SleeplessInTO]

I don’t believe there are 2042 points at the resorts expiring Jan 2042. For anyone. Your last set of points would show up March 1 2041.

 

[Stargazer65]

I don’t believe there are 2042 points at the resorts expiring Jan 2042. For anyone. Your last set of points would show up March 1 2041.

That's what I think too.

 

[CarolMN]

There will not be 2042 points for anyone.

No one knows what DVC will do as 2042 approaches. Some think that they will limit banking and borrowing.

 

[Stargazer65]

There will not be 2042 points for anyone.

What if we beg and grovel really, really, really hard?

 

[heynowirv]

There will not be 2042 points for anyone.

No one knows what DVC will do as 2042 approaches. Some think that they will limit banking and borrowing.

Those of us who didn't accept the 15 year extension are starting to regret it now .......They offered that deal in 2010? for OKW owners.I think it was 25.00 a point?

 

[CarolMN]

Those of us who didn't accept the 15 year extension are starting to regret it now .......They offered that deal in 2010? for OKW owners.I think it was 25.00 a point?

Would it help to remind yourselves that the resale market has NEVER valued the extension even close to $25 per point?

 

[Sandisw]

That's okay, this is a topic a lot of us don't know all the answers because it's never happened yet. I have questions about it myself.
As long as we have points yes we can borrow them. The only thing I know is we can't book that resort after January 31, 2042.
@Sandisw can you help?
When are the last points received? December 2041?

We don’t know for sure but my guess will be that they suspend the banking and borrowing in the last few years.

The last set of points for everyone will be 2041 points with the last night to book is January 31st 2042 as the resort ends then.

Another thing I think is possible is that the home resort period for the 2042 resorts will be more than 4 months and trading in less. The whole 11 vs 7 can be changed and it can be changed by resort

So those with Dec UY will have to be online to book their last trip 11 months for a Dec or January trip, assuming limitations to banking and borrowing.

 

[heynowirv]

Would it help to remind yourselves that the resale market has NEVER valued the extension even close to $25 per point?

That and the thought that I'll be 88 and DW will be 83

 

[accm]

Obviously no one knows the answer to this, but I wonder if owners will be able to use their 2041 points at other resorts after Jan 31 2042? Or if the points will no longer be valid since the contract has expired?

 

[Stargazer65]

Obviously no one knows the answer to this, but I wonder if owners will be able to use their 2041 points at other resorts after Jan 31 2042? Or if the points will no longer be valid since the contract has expired?

Good question...I would guess...no.
I would assume the points expire with the contract. Since there would be no real estate attached to the points, they couldn't be valid. It would create a glut of points in the system when you consider there's half a dozen resorts with 2042 expiration. Just a guess.

 

[Genie+]

We have a Sept UY and plan only having 5 months in that last year, at least until they clarify. I’m fairly certain DVC will in the last few years, which is easier than fielding dozens of calls about it everyday. Who knows how they’ll handle the transition. Many different ways for them to do it.

 

[Nursemanit]

I think we all should just show up and have a 2042 Party on the Boardwalk

 

[CarolynFH]

Obviously no one knows the answer to this, but I wonder if owners will be able to use their 2041 points at other resorts after Jan 31 2042? Or if the points will no longer be valid since the contract has expired?

Stargazer65 is correct, as of early AM on February 1, 2042, those DVC points go poof! Anyone who owned points at those resorts on January 31 no longer owns any points there. I agree with Sandisw, it's likely that banking, borrowing and possibly the booking windows at those resorts will be modified for the last few years as well. But the people who will make those decisions at DVC are probably just graduating from business school now, so DH and I hope we're still around to find out what they do!

 

[Genie+]

But the people who will make those decisions at DVC are probably just graduating from business school now, so DH and I hope we're still around to find out what they do!

True story It’s hard to fathom what DVC will be 20 yrs from now.

 

[SteveAZee]

For those of us with a December UY, it would surprise me (not that Disney hasn't surprised me before) if need to cram (along with everyone else) my last visit into December or January of 2042 or borrow them back to the previous use year (along with everyone else). To me it would make sense to let people with points in the current use year that extend past Jan 31, 2042 to use them throughout 2042. The flip side is either they either find themselves with a fairly empty resort or they ramp up advertising the cash side of it... which I guess is possible. To me, it seems like legal issues would come into play if I'm given my points Dec 1, 2041 but I (or someone else) can't possibly use them because everyone else is trying to use their last points as well. What I think is reasonable is to allow 2042 to be the gradual fade out of points and a ramp up on cash, or a ramp up on reselling the same property to new people.

 

[drusba]

The last points you will get are those from 2041 and none can be used for a reservation that ends any time after Jan 31, 2042, e.g., those with a Dec use year will get Dec 2041 points which will be unusable for post Jan-2042 reservations, and that includes using them at any other DVC resort that is not expiring in 2042. As to borrowing points, Disney could "temporarily" suspend any right to borrow during the last two to three years of the resort. It could also suspend banking beginning a few years before 2042 to help prevent too many points accumulating for reservations in the last two years of the DVC period.

I seriously doubt DVC will do anything that would extend the use of any points or ownership interests for any purpose beyond Jan 2042. That would be a legal mess -- does it create an expectation of an extension of the existing term at the same points per night as already exist; what modifications would be needed to the existing POS and membership agreements to allow such; does doing so impact on its ability to start selling the resort as a new resort with a new 50-year term starting Feb 1, 2042; I expect that DVC's lawyers would strongly recommend against any idea of allowing any usage of the expiring points after Jan 2042.

My guess is that DVD will probably want to do a major refurb/redo to the resorts at the time and start another 50 year DVC contract that, of course, will be similar to Riviera, where future resale purchasers will not be able to reserve other resorts. Also the total points applicable to the new 50-year resort and thus also the points needed per night for any room will likely be greatly increased from what they are now. Those members that still exist as owners in the last few years of the resort may be given the opportunity to purchase a new contract before the expiration that will begin after expiration at a "discount" from the new regular per point price from DVD that will likely be more than three times what the per point price is now, e.g., BWV was $75 a point in Jan 2002 and now 20 years later is $230 (and that $230 buys only 20 years compared to 40 that was bought in 2002), and, of course, the actual cost increase for needed points will be higher because the points needed for any room per night will be higher.