Bank AND Borrow every 3 years

[StevenTheGeek]

I know you can bank this year points into 2004....
I know you can borrow 2005 points to be used in 2004....

My question is can you bank this year points for a 2004 June vacation AND borrow 2005 points for the same vacation? This would allow 3 times the points (for like a GV or a super long vacation) and reduce the number of points to buy.
Yes, I would only be able to vacation every 3 years, but thats OK as it will be difficult to do a vacation every 2 years (not mentioning EVERY YEAR). Besides, I would be concerned about getting bored if we go every year or 2.


Thanks,
Steve

 

[Mary Ellen]

Sure, this is what we did for our trip this past December.

 

[Caskbill]

Yes you can, but be sure you understand your use year when it comes to banking, borrowing, and vacation dates.

For example if your use year month is Feb, Mar, Apr or Jun, then for a June 2004 vacation you would bank your 2003 points, borrow your 2005 points, and have 3x points available for June 2004.

However, if your use year month is Aug, Sep, Oct or Dec, then a June 2004 vacation is actually in your <b> 2003 </b> use year. Therefore you would be banking 2002 points into 2003, borrowing 2004 points into 2003, and using your regular 2003 points to have 3x points for a June 2004 vacation.

Point use years do not follow the calendar year but instead they follow a use year. Thus for example an August <b>2003 </b>use year would cover all vacation dates from Aug 1, 2003 thru Jul 31, 2004.

 

[StevenTheGeek]

ACK Caskbill....I have a headache
Let me clear my train of thought....BTW, I'm buying from DVC not resale.


I plan on taking a May 30th to June 12, 2004 vacation.

When I close on a contract (within the next 2-3 months) with a June Use Year, I will receive 2002 points. I would immediately bank those points into 2003. Then come June 30, 2003; I would make my May 30th to June 12th, 2004 reservation by borrowing my 2004 points and cashing in my banked and current points...right?

I smell my brain cooking


Perhaps, I'm reading too much into it, or perhaps I'm 'green' in the DVC point system. Any help would be appreciated. BTW, would a June Use Year be practical in the above? Does anyone have another suggestion? Unfortunately, Late May - Early June this is our only 'real' vacation time. Like most with kids, summer is the only time we can go AND we ain't going in July or August....just too darn HOT


Steve

 

[Doctor P]

Unfortunately, it would appear that you are going to have a problem. Your June 2002 points can be banked to your June 2003 use year, but those points must ALL be used up by May 31, 2004. So, for staying the nights of May 30 and May 31, you can use your 2002 banked points, but not for any dates after that.

 

[Hilary]

I'm not the brightest cookie with regards to Use Year nuances , but I would suggest that a June UY is not the best for your proposed travel dates at end May/beginning June. But don't ask me to explain why!

Also, be aware that you couldn't actually make your June 2004 reservations until July 2003 (at your Home Resort), 11 months before your check-out date.

As you're buying from DVC have a chat with your guide about the best UY for you and he/she will be able to tell you when to complete your purchase to get that UY and receive 2002 points to bank which would be usable in June 2004 .

 

[Dean]

It can work but you need to be careful. The info you've gotten so far is right on target. Why not buy resale unless it must be BCV? You also need to be pretty certain that changes in your vacation are unlikely to make this work. Are you sure you will go to WDW at least every 3 years? I too would suggest you get a different use year than June if this is your usual travel time.

 

[InstImpres]

Unless I missed something, you need to be careful, if you have a June 2002 use year, those points needed to be used or would have to be banked by now to bank 100%, are sure you don't mean 2003 use year?

 

[jjohns]

What is the conventional wisdom re: Use Year month and typical vacation dates?

i.e. Is it better to have a Use Year a couple months before one's typical vacation time, a couple months after, or 6 months apart?

TIA, Jeff

 

[DebbieB]

It's better to have a use year before your typical vacation. For a June use year, points are good June 1 to May 31. So if you would typically vacation in May, if you have to cancel, those points would have to be used by May 31, not much time. If you usually vacation in June or July, you would have all the way to the following May 31 to use the points if you have to cancel.

I plan on taking a May 30th to June 12, 2004 vacation.

When I close on a contract (within the next 2-3 months) with a June Use Year, I will receive 2002 points. I would immediately bank those points into 2003. Then come June 30, 2003; I would make my May 30th to June 12th, 2004 reservation by borrowing my 2004 points and cashing in my banked and current points...right?

May 30 & 31 would be in your June 2003 use year, you could use banked 2002 points for those dates, 2003 points & borrowed 2004. June 1 to 12 would be in your June 2004 use year, you could not use banked 2002 points for those dates, you could use banked 2003, 2004, borrowed 2005. Remember that points use year is based on the date of stay, not the date you make the reservation.

 

[Terry S]

Call your guide... If you really feel your vacation habits will be the same for the next 40 years, you can request a different use year/month.

 

[JohnnyII]

I might be wrong. But I would highly doubt you will get a June use year 2-3 months from now. I just bought BCV 3 weeks ago and was sold an August use year and from what I understand it is pretty typical to get a use year 4-6 months earlier than when you bought.

I'm sure I will be corrected if I am wrong. Good Luck!

John

 

[Dean]

Originally posted by JohnnyII
I might be wrong. But I would highly doubt you will get a June use year 2-3 months from now. I just bought BCV 3 weeks ago and was sold an August use year and from what I understand it is pretty typical to get a use year 4-6 months earlier than when you bought.

I'm sure I will be corrected if I am wrong. Good Luck!

John

You should be able to get a June use year but you would not be able to use Magical Beginnings and would not be able to book 100% of the points to the next use year.

 

[Caskbill]

Make yourself a little chart for whatever use year you end up getting. For example if you got an August use year, your chart would run Aug 1 - Jul 31st each year.

If you got a June use year, your chart would run Jun 1st - May 31st each year and would look like this:

Use Year......Vacation Dates

2002...Jun 1, 2002 thru May 31, 2003
2003...Jun 1, 2003 thru May 31, 2004
2004...Jun 1, 2004 thru May 31, 2005
2005...Jun 1, 2005 thru May 31, 2006

Now in your example for a vacation of May 30, 2004 thru Jun 12, 2004, you'll see that the two May dates fall in your <b>2003</b> use year, and all the June dates fall in your <b>2004</b> use year. So, depending on your villa (point wise), you will need to have 2-days worth of points in your 2003 year, and the remaining 12 days of points in your 2004 use year.

Rules allow you to bank points from one year into the following, or borrow from a later year to an earlier year. Thus you can bank any 2002 points into 2003. You can bank any 2003 points into 2004. You can bank any 2004 points into 2005, etc.

You can borrow also. You can borrow 2004 points and put them into 2003. You can borrow 2005 points and put them into 2004, etc.

Keep in mind once points are banked into another year, they cannot be un-banked, cannot be banked again into the next year, and therefore MUST be used within the 12-month use year they are banked into. Likewise points borrowed are then permanently locked to only the new use year they are borrowed, or transfered into and MUST be used within that same 12 month use year.

Now you simply have to do the math. Knowing how many vacation points you will need for 2003 (that would be your May 30/31, 2004 dates) and how many points you need for 2004 (That would be your June 2004 dates, simply bank and borrow as needed to get the right number of points into the correct use years.

If you get an August use year instead of June, then your entire vacation is in your 2004 use year and you just have to make sure the points are banked/borrowed into that year.

Now, you have one final problem. If you get a June use year, then any 2002 points can be banked into 2003, but that means you must use them ALL by May 31, 2004. Unfortunately this only includes 2 of your planned vacation dates. To use the rest of your 2002 points would require another earlier vacation. Or you could rent them/give them to someone else. In any case most of those points could not be used for your planned May 30 - Jun 12, 2004 vacation.

However, if you get assigned an August use year, then Aug 2002 points could be banked into 2003 AND used for your planned vacation since August 2003 points are applicable for Aug 1, 2003 thru Jul 31, 2004, a timeframe which includes your planned vacation dates. The chart below shows how an August use year would work.

2002...Aug 1, 2002 thru Jul 31, 2003
2003...Aug 1, 2003 thru Jul 31, 2004
2004...Aug 1, 2004 thru Jul 31, 2005
2005...Aug 1, 2005 thru Jul 31, 2006

So with an August use year, your entire vacation from May 30 - Jun 12, 2004 all falls within your 2003 use year. You could bank 2002 points into 2003, borrow 2004 points into 2003, and have all those points available for use Aug 1, 2003 thru Jul 31, 2004.

Finally, keep in mind there are banking deadlines. If you wish to bank 100% of a year's points, you must do it at 6-months or earlier before the end of those point's use year. So for a June use year, the 100% banking date is Nov 30th. If you receive a June use year and also receive 2002 points, the 100% banking deadline for those points was Nov 30, 2002 which is already passed. However, I'm not certain, but MS may allow banking even passed the deadline in the case of a new purchase.

For an August use year, the 100% banking window will be Jan 31, so any August 2002 year points would have to be banked by Jan 31, 2003, which is fast approaching. Unless of course you are offered a special banking opportunity due to a new purchase.


Hope this helps clarify.

And BTW, Welcome Home.

 

[StevenTheGeek]

Wow...good advise from all.
Knowing about the bank AND borrow option is a relief! I can't see myself going every year or 2. Every 3 years would allow me to look forward to going 'home' and not 'We were just here last year and nothing has changed' (I'm just now getting 'the itch' and it's been 3.5 years) Of course, this way is inexpensive and we can go Grand Villa for 14 days! GV will become a BIG plus with 9 people going next May-June.

Now...which UY? Again my vacation time is late May - early June. I'm thinking April or August.
BTW, does the 11-month reservation window have anything to do with the UY? If not, does it really matter on the UY? If so, can someone explain the reason.

Comments?

 

[Dean]

Originally posted by StevenTheGeek
Wow...good advise from all.
Knowing about the bank AND borrow option is a relief! I can't see myself going every year or 2. Every 3 years would allow me to look forward to going 'home' and not 'We were just here last year and nothing has changed' (I'm just now getting 'the itch' and it's been 3.5 years) Of course, this way is inexpensive and we can go Grand Villa for 14 days! GV will become a BIG plus with 9 people going next May-June.

Now...which UY? Again my vacation time is late May - early June. I'm thinking April or August.
BTW, does the 11-month reservation window have anything to do with the UY? If not, does it really matter on the UY? If so, can someone explain the reason.

Comments?

April would be a better use year to use for May and June vacations. June would make things more complicated but might actually be better than August in the long run if you can pay attentention to the details. Feb and March would likely work out also. If you're not in a situation where you are at risk for cancelling your trips, it doesn't matter that much which use year.