Constant state of borrowing - bad idea?

[DenLo]

I agree with the others that always borrowing could affect you if you cancel a reservation and then the points are stuck in the current use year and you want to use them next use year. The other time it could affect you is when you are ready to sell your contracts. Stripped contracts always sell for a lower price than fully loaded contracts, plus since you used the points you will be responsible for the dues for the future year which will lower your profit slightly. BTW, you will pay the buyer at closing for the estimated dues.

 

[LSchrow]

We've been in a constant state of borrowing for over 2 decades (& we have never lost a single point). Buying more & more points didn't help as we just wound up using them to go more often, for longer trips, in larger rooms
The way i look at it is, will we really care if there is ONE less year left in our contracts? Chances are we won't be traveling to Disney as much to use our 2042 contracts when they end in 19 years, & we'll be lucky to still be alive when our Riviera contract ends.
Of course, you should always try to retain your points' flexibility by not using them too close to their expiration, but otherwise, points are not (imho) something to be saved for an uncertain future. Your points are all yours & should be used & enjoyed - YOLO!!

 

[RoseGold]

Stripped contracts always sell for a lower price than fully loaded contracts, plus since you used the points you will be responsible for the dues for the future year which will lower your profit slightly. BTW, you will pay the buyer at closing for the estimated dues.

Stripped contracts sell for not much less, less than the market value of the points. There are downsides to borrowing, but this is is the last reason I wouldn't borrow. I would do the opposite and buy loaded, because of the value on loaded contracts.

 

[crisi]

There are other options than cut back your trips or buy more points. Since we've been "every other year" people, we've always borrowed - as well as banked. But there are lots of things that you can do if you run out of points that don't involve sitting at home wishing you had points or buying more points. Rent points from someone else. Pay cash for a room. Stay offsite. Cruise on cash. Do something not-Disney that year - somewhere in the U.S., somewhere international - its actually a great excuse for "I've always wanted to go to San Francisco/London/Paris/the Grand Canyon." Have a staycation and see all the places tourists visit near you.

 

[DeeBee3]

We've been in a constant state of borrowing for over 2 decades (& we have never lost a single point). Buying more & more points didn't help as we just wound up using them to go more often, for longer trips, in larger rooms
The way i look at it is, will we really care if there is ONE less year left in our contracts? Chances are we won't be traveling to Disney as much to use our 2042 contracts when they end in 19 years, & we'll be lucky to still be alive when our Riviera contract ends.
Of course, you should always try to retain your points' flexibility by not using them too close to their expiration, but otherwise, points are not (imho) something to be saved for an uncertain future. Your points are all yours & should be used & enjoyed - YOLO!!

I agree - if I got more points I would probably just go more often or in bigger rooms.

 

[bumbershoot]

I've been in a state of borrowing since 2009. 2021 allowed me to catch up a bit, but after 2022 and getting 2023 travel sorted, now I have 10 points left in my 2024 UY again.

 

[DeeBee3]

So now I don't feel like it's such a big deal! I have a good chunk left for my Aug 2023 and then all of Aug 2024. I guess I would have to "borrow" if I were to go before next August and then figure everything out going forward. OR, go after Aug 1, 2023 and then it all is the same.

Right?

 

[Sandisw]

So now I don't feel like it's such a big deal! I have a good chunk left for my Aug 2023 and then all of Aug 2024. I guess I would have to "borrow" if I were to go before next August and then figure everything out going forward. OR, go after Aug 1, 2023 and then it all is the same.

Right?

Yes!

 

[bobbiwoz]

We are retired now, and even borrowing for the end of our UY is something we do. I thoroughly enjoy the 4th of July fireworks and have made our plans for next year.

At any rate, there would be the option to rent the stay or points. I would go for it. You don’t know what the future is.

 

[js]

I have been borrowing since 2009 lol
The restriction kept me a little in check but I just make sure my trips are done within Iy and borrowing time and adjust accomodations.

Enjoy!!

 

[GaSleepingBeautyFan]

I borrow some points every year. Doesn't bother me.

I always tell my husband we should be buying more points so I don't have to borrow but so far he hasn't gone for that idea. Maybe when the Poly adds the new building I will get him talked into it.

 

[MinnieSueB]

I'm at the point in my life that if I can take a trip, I take the trip. Borrow away!!!