borrowing points with other timeshares

[KANSAS]

is this a correct statement?

When you borrow a week with most timeshares, from a future year, into a current year.
It is required to pay the annual dues for that week,that you are borrowing from a future year, into a current year.

 

[BillPA]

I have no idea about that, but with DVC you do NOT pay next years dues until next year. With your logic then if I bank this years points, then I don't pay this years dues until next year???

 

[Dean]

Each timeshare system is different. For those that work directly on points (which leaves out Marriott), most allow you to bank and/or borrow for one year. Some require you to pay the next years fee and some require a fee, say $25, if you bank or borrow. And many timeshare require you pay the next years fee if you want to deposit that years week with II, a rental poo, etc.

IMO, you must look at the overall package to judge either the workings or the costs of a system. I know many like the simplicity of the DVC system where you don't pay next years fees or a fee to bank/borrow, etc; but overall DVC is still more expensive than ANY of those other systems. Some would say "you get what you pay for" and that MAY true if you use DVC to stay at DVC resorst and don't go heavy on weekends, it's definitely not true for CC, DCL, DC or heavy DVC weekend usage.

 

[RobDoc]

To add to the thoughts already presented- "Most" timeshares are not point based and each week is specifically owned by someone (Week 10, unit 11). There is no provision with "most" timeshares to bank or borrow that specific week since, if you borrowed your week from next year- you would have to displace another owner from this year's schedule.

Many timeshares handle this by allowing internal exchanges- where you would trade your week 10/unit 11 for someone else's week 27/unit 47 (or any other combination). This depends on the resort finding another owner willing to trade. You can also effectively make such a trade by depositing your week 10/unit 11 with II or RCI (or any of the other exchange companies) and then make an exchange for another resort- with the week and unit type you want. By banking with an exchange company- you can, in essence, borrow your week from next year and use it to trade someplace this year (or within the next two years).

Another option would be to trade your week for next year directly with another owner thru someplace like the Rent/Trade Board here (for DVC trades) or TUG or TSTODAY.

 

[bwvBound]

Originally posted by KANSAS
is this a correct statement?

When you borrow a week with most timeshares, from a future year, into a current year.
It is required to pay the annual dues for that week,that you are borrowing from a future year, into a current year.

I can't answer for "most timeshares" ... but WorldMark the Club (points based) does not require the owner to pay either next year's dues or transaction fees. Borrowing is automatic and seamless when booking a reservation.

As for banking (carrying one year's points into a future year) - this is also free (no transaction charge). The process of banking is automatic as long as your account balance doesn't exceed 2x your annual contract. (There are no banking deadlines or percentages.)