Bother you to Borrow?

[Michelemouse]

We usually break even but are now in a borrowing situation. It doesn't bother me at all. My feeling is that when we get our last set of points on 10/1/41 we'll only have 4 months to use them (along with all of the other DVC member trying to use their last points). By borrowing ahead we'll avoid that situation. That said, even with our current situation I expect we'll be back in a break-even situation in a year or so.

 

[TDC Nala]

I am a borrower since I go often. I've borrowed 143 of next year's points to book in March and May (my use year is August). I'll be borrowing from August 2005 for a week at VWL or SS in January 2005. I don't see it as "borrowing" but as "reallocation of resources." I'm certainly not worried about what will happen in 2042...

 

[crisi]

Both. We go every other year. We have 150 points. So every other year we take a "around 300" point vacation.

We bought the contract with a few points left - banked them into this year, are using those banked points, all of this years points, and much of next years points for a visit. Then we will bank next years points into 2006 for a 2006 trip - borrowing some 2007 points.

If the trips are a little less than 300 points (which they are planned to be) we will bank a little more and borrow a little less until we have enough points to have to squeeze in another trip or do the family reunion thing.

 

[Kick it up a notch!]

I used to bank until member services made a mistake that almost cost me 50 points. Now I borrow and stay borrowed. I have two different use years and don't have to worry about banking windows if I am constantly borrowing points. Plus, I really like to go on vacation now!!!

 

[wilderness01]

We always borrow. Who knows what we will be doing in 2042!

 

[living la vida mickey]

We're borrowers, too. I'm not worried about whether I'll have points in 2042 since I'll be 94!! I want to enjoy it now! It's worked for us since 1993.

 

[msdis]

No matter how many add-ons we do we are always borrowed to the hilt. .

 

[Laurabearz]

We are borrowers.... For now. We have 12 rooms booked for Feb 2004 so that put us in heavy debt.... I do hope to catch up a bit, but we are already planning an October 2004 trip (with borrowed points) and a May 2005 trip, also with borrowed points! LOL

We do have the majority of our points in a December UY, and I find it easier to borrow than bank....that way dec 2004 points I use in 2004, not in 2005 when they are regular points. Does that make sense?

 

[SamSam]

Definitely borrowers! We've only been members a couple of years and just added on another 100 points and we're still in the 'borrowing' mode! We've done several small trips which involved weekend's with the higher points. Hopefully at some point in the near future we will be able to quit borrowing.

 

[TiggerFreak]

We're into 2004 points to the tune of 85 points. But ... we only plan on using the remaining 2004 points WITHOUT borrowing Maybe even bank a few

 

[sitchu2]

I have only 13 2005 points left out of 550!! Feb and June uy

Deffinately a borrower, I just had to buy enough points so I had enough to do all that borrowing.

My thoughts on borrowing are similar to what others here have mantioned.

Pros:
Value recouped more quickly
If unforseen happens and cannot travel a year or two no problem
dont have to worry about banking windows
Get to go on some Awsome trips more then once a year

 

[rphjr]

Both

My VB contract only has enough points so that I can get a beach cottage every other year. Right now I'm in a borrowing mode on that one for a beach cottage June 2004

My OKW points I usually bank. I have enough points to get one big unit a year or two small units for a week. I usually bank between 5 and 20 points a year on this contract.

 

[yesdisneyfool]

I'm starting to see a pattern forming here. Borrowers over Bankers.

It does make sense. I'll be 81 in Sept 2041 and now I wonder if I'll want to still go to Disney and OKW... wait a minute I must be nuts SURE I'll Still want to go to Disney, but will I be able - that is the question.

I am in a small borrowing state this year 2003 and 2004 and because of such (Big Family trips) I've limited our trips to just two in 2003 and one in 2004. If I follow the logic of not having to remember banking dates and wondering, what if I can't go one year - wait a moment, let me shake my head to get rid of that thought, maybe borrowing has it's advantage.

If I borrow, I can do another trip in 2004.

 

[pmcpmc]

FOR THE FIRST TIME WITH MY SON' WEDDING ABOUT TO BECOME MAJOR BORROWER

 

[DisneyHumbug]

Another borrower here. Who knows what tomorrow will bring?

 

[timC]

Borrowing is simply banking in reverse, and generally has the same result. That is, you are moving points from one use year to another so you can combine points for more vacation buying power.

If you find you are borrowing points regularly, it's probably because you didn't buy enough points.

If you are banking points regularly, you probably bought to many points, for your vacation style.

I don't think either of these conditions are a particularly good thing.

In the past we borrowed regularly...Then we bought more points. Now we pretty much use what we've got...borrow a little, bank a little.

 

[RweTHEREyet]

My biggest worry about being borrowed so far out is what if something unexpected comes up and you want a trip and there is nothing left to borrow? I know the first response from you guys is "buy more points", see, isn't that what you were thinking? Well, not all budgets can afford that. Second choice is to rent a regular room. Well, I can tell you that I have become a DVC snob. I prefer a DVC studio to almost any regular room that Disney has to offer. One more thought, guess I could always rent DVC points and still get a DVC room, just not as convenient as booking a reservation for yourself.

 

[joepoe]

We borrow all the time. Who knows how long we have to live?

(My 500th post!)

 

[mattsdad]

I am a borrower, since I took advantage of magical beginnings to by into DVC. Disney bought my first year's points, so I am always a year behind it seems.

 

[princess&tig]

Lets think about this. I worry about loosing points because I can not get down to WDW. Lets say someone is sick long term, gets fired, the economy crashes (really bad), a hurrcane hits WDW. If you are banking, you are either forcing yourself into going in a very specific time or risking a loss of points. If I borrow some of next years points, I have almost 3 years to use points before I begin loosing them. If I bank into next year, I have to go next year or loose points.

I maybe a worry wart but I just want to use all of my points and never miss an opportunity to go to WDW.