DVC end 2042-When do I get my last points?

[lizziepooh]

We own at OKW with an October use year. I'm assuming we will get our last DVC points on Oct 1 of 2041. Is that correct or do we get points in 2042? Thanks.

 

[RobDoc]

For all resorts except SSR, the ending date is January 31, 2042 - so no one will get any points in 2042 (there is no January Use Year).

DVC has made no suggestion about how points may be used the last few years. I'd expect some changes to banking/borrowing since there otherwise would be no easy way to use all of the points during the final few years. Just think of those who will get their allotment on Dec. 1, 2041 and have only 62 days to use them. I'm sure DVC will find some way to modify the maintenance fees, banking and borrowing to make it as fair as possible for all members- but some will certainly be affected by whatever is allowed.

Stay tuned!

 

[JimMIA]

You often see posts comparing 49 years of points at SSR with 37 years at the other resorts. As Doc pointed out, there will be no 2042 or 2054 points, so the correct numbers are now 48 years for SSR and 36 years for the other resorts.

 

[Caskbill]

You often see posts comparing 49 years of points at SSR with 37 years at the other resorts. As Doc pointed out, there will be no 2042 or 2054 points, so the correct numbers are now 48 years for SSR and 36 years for the other resorts.

OK Jim, couldn't resist:

As of the time I make this post, correcting for Daylight Savings Time, and using an ending time of 12:00 midnight, Jan 31st, for all resorts, you have this much time remaining:

OKW, BWV, VWL, BCV, HH, VB:

• 36 years, 9 months, 13 days, 12 hours, 26 minutes.

For SSR:

• 48 years, 9 months, 13 days, 12 hours, 26 minutes.

I could put down seconds, but let's not be ridiculous....

Anyway, using standard number rounding routines, rounding to the nearest year, you still have 37 years and 49 years respectively. Unfortunately, at midnight on July 31st, 2005, you automatically drop to 36 years, and 48 years respectively, using standard number rounding routines.

So everyone only has 3 months, 13 days, 12 hours, 26 minutes to enjoy that other year before it's gone for good....

 

[dcfromva]

JimMIA,
I was looking at this in an excel spread sheet the other day and it looks like depending on UY a person making a new purchase could actually get 50 sets of points for SSR purchases (assuming the UY has not passed yet--and that you get the current UY 2004 points)...

For example: a person with a December UY and was able to purchase SSR that is currently built and ready for occupancy (for example purposes, they purchased 165 points) : If they received 2004 points, they would receive 50 sets of points....

1 2004 165
2 2005 165
3 2006 165
4 2007 165
5 2008 165
6 2009 165
7 2010 165
8 2011 165
9 2012 165
10 2013 165
11 2014 165
12 2015 165
13 2016 165
14 2017 165
15 2018 165
16 2019 165
17 2020 165
18 2021 165
19 2022 165
20 2023 165
21 2024 165
22 2025 165
23 2026 165
24 2027 165
25 2028 165
26 2029 165
27 2030 165
28 2031 165
29 2032 165
30 2033 165
31 2034 165
32 2035 165
33 2036 165
34 2037 165
35 2038 165
36 2039 165
37 2040 165
38 2041 165
39 2042 165
40 2043 165
41 2044 165
42 2045 165
43 2046 165
44 2047 165
45 2048 165
46 2049 165
47 2050 165
48 2051 165
49 2052 165
50 2053 165

-DC

 

[Dean]

We've discussed the final times of DVC several times. With the various use years, there's no way everyone can get and use their points the last year or so. DVC has several options on how to allot the points the last year or two. IMO, the two most likely options are prorated amount of points the last year or so vs a lottery system or even a combo. There's no question DVC will have to limit banking and possibly borrowing as well the last year or two, maybe more for banking. Here are all the options I can think of that DVC has. I'd say most of the options would start with the Feb, 2041 use year but it's possibly they could go back another year before that. Plus it's likely they will limit banking more than a couple of years out.

• Lottery.
• Prorated points, maybe half your allotment the last year or two.
• Let members get all their points and just fight for the units available and lose the points (and maint fees) for those they can't use.
• A voluntary system where you can opt in or out.

I'm assuming any system that forces you not to get and use all your points will allow you to pay the maint fees on only the points you get. I doubt you'd have to pay maint fees on points you don't get but you might have to pay fees on the points you get but lose. This should not be a big deal as there really shouldn't be much needed for fees the last couple of years anyway. It's also likely they'll block some of the non home resort options late in the life of the contracts.

We've also discussed whether DVC will offer extensions. I have come to the feeling that it's too complicated for them to feasibly do so though I suspect they'd like to do it. We'll see.

 

[JimMIA]

HA!!! I knew I should have taken my shoes off to count past 10!

 

[dznymom1]

I have one of those delightful December use years. I keep telling myself that's the reaon I keep borrowing my points. When the end comes, I will already be on track Of course, at 87 years old I may not much care!

 

[JimMIA]

I have one of those delightful December use years. I keep telling myself that's the reaon I keep borrowing my points. When the end comes, I will already be on track Of course, at 87 years old I may not much care!

At 87, I may not much KNOW!

 

[SpoonfulofSugar]

With SSR membership lasting the extra twelve years, all services of DVC should continue after 1/31/2042, right? Just because our contracts at the other resorts end, doesn't that just mean we don't get any points after 2041?
I mean, the resorts aren't going to crumble to the ground on 1/31/2042.
Everyone should get their last allotment of points, and then should be able to use them as normal, since all the resorts will still be there. Then when you use up all your points, you'll be done. It may be simple, but doesn't it make sense?

 

[tiggerguy2000]

I would think that in the last say 5 to 10 years they will come up with a extension or a discount in the new resorts.What will they do with the resorts now in place?Would they scrap them and put up a new resort in the same place?
tiggerguy2000

 

[tiggerguy2000]

I don't know about you but im not worrying about when it ends because I will be a fossil by then.I bought so I could give my points to my 3 daughters.I will pay now so they will always have a vacation with my grandchildren and hopefully they will take me along.
tiggerguy2000

 

[Laurabearz]

With SSR membership lasting the extra twelve years, all services of DVC should continue after 1/31/2042, right? Just because our contracts at the other resorts end, doesn't that just mean we don't get any points after 2041?
I mean, the resorts aren't going to crumble to the ground on 1/31/2042.
Everyone should get their last allotment of points, and then should be able to use them as normal, since all the resorts will still be there. Then when you use up all your points, you'll be done. It may be simple, but doesn't it make sense?

This makes a lot of sense....

 

[tjkraz]

With SSR membership lasting the extra twelve years, all services of DVC should continue after 1/31/2042, right? Just because our contracts at the other resorts end, doesn't that just mean we don't get any points after 2041?
I mean, the resorts aren't going to crumble to the ground on 1/31/2042.
Everyone should get their last allotment of points, and then should be able to use them as normal, since all the resorts will still be there. Then when you use up all your points, you'll be done. It may be simple, but doesn't it make sense?

I doubt they would be willing to do that. Reason #1 would be maintenance fees. Who would pay the operating costs for the resort after 1/31/42? Certainly not Disney/DVC just to allow people to use up the rest of their points.

Charging dues to just members with points left to use would still leave Disney paying for the vast majority of the resort's operating costs.

I would think that in the last say 5 to 10 years they will come up with a extension or a discount in the new resorts.What will they do with the resorts now in place?Would they scrap them and put up a new resort in the same place?
tiggerguy2000

In order for an extension to be feasible, they would need to be guaranteed a high level of positive response from current members.

It's often been speculated that DVC would offer 12-year extensions on the older properties to get them to SSR's 2054 ending date. What would happen if DVC did offer such an extension only to find that only 40-50% of current owners would purchase the extension? DVC would be responsible for paying the dues on millions of points for the next 12 years--or trying to sell 12-year contracts from 2042 to 2054.

All of this is assuming that Disney / DVD even want to keep the resorts up and running past 2042. Remember these are resorts that will be every bit of 50 years old by then. Look at the Contemporary, which is only 30 yrs old. Anyone remember the Golf Resort? Disney Institute? All modern Disney resorts do have a more timeless design, but that doesn't mean Disney will be interested in keeping them open for 51+ years

 

[Safari Queen]

I just wish I had enough spare time to worry about my vacation plans in 36 or 37 years!

 

[SpoonfulofSugar]

I doubt they would be willing to do that. Reason #1 would be maintenance fees. Who would pay the operating costs for the resort after 1/31/42? Certainly not Disney/DVC just to allow people to use up the rest of their points.

Again, I may be a simple person, but if the maintainance fees per point are based on operating costs, the membership fees budgeted should cover the cost of operating the resorts until the fulfillment of all outstanding points. The points under the system will have to be used by DEC 2042. The maintenance fees collected should sustain the resorts for the year of usage just like they do now.

Charging dues to just members with points left to use would still leave Disney paying for the vast majority of the resort's operating costs.

The maintenance fees would be the same. Even if you borrow points, and technically would have no points left to use, you still have to pay the maintainence fees for those points borrowed. Therefore it would not only be those with points left paying the maintenance.

 

[tjkraz]

Again, I may be a simple person, but if the maintainance fees per point are based on operating costs, the membership fees budgeted should cover the cost of operating the resorts until the fulfillment of all outstanding points. The points under the system will have to be used by DEC 2042. The maintenance fees collected should sustain the resorts for the year of usage just like they do now.

Resort budgets are always calculated on a calendar year, regardless of Use Year or specific usage of points. The 2005 budget was published in December '04. Members were responsible for paying their portion either in one lump sum in January '05 or via scheduled installments throughout the year.

DVC could charge members 1/12 of the calculated 2042 operating costs in January '42, but they could not require members to pay for the remainder of the year.

 

[lllovell]

lol - I like this speculation even more than the "is the pool at SSR going to be too small" one.

I don't even have a clue, but I am sure they will figure out something between now and then.

 

[RobDoc]

Again, I may be a simple person, but if the maintainance fees per point are based on operating costs, the membership fees budgeted should cover the cost of operating the resorts until the fulfillment of all outstanding points. The points under the system will have to be used by DEC 2042. The maintenance fees collected should sustain the resorts for the year of usage just like they do now. ...

The maintenance fees would be the same. Even if you borrow points, and technically would have no points left to use, you still have to pay the maintainence fees for those points borrowed. Therefore it would not only be those with points left paying the maintenance.

DVC points can no longer be used at OKW, VB, HH BWV, VWL or BCV after January 31, 2042. DVC may decide to tear down the resorts and rebuild or do something else with the property, but members will have no rights beyond 1/31/2042.

Our maintenance fees currently include a Capital Reserve which covers periodic expenses beyond routine maintenance/housekeeping/front desk/landscaping/etc. Capital Reserve funds are used to replace carpeting, appliances, furniture and that sort of expense. During the last couple of years, hopefully this aspect of the annual fees will be excluded and that fund will have been reduced to zero by 1/31/2042.

As it's currently set up, there will be no maintenance fees for 2042 (unless DVC tries to prorate for the month of January- and in that case, only those actually using points during that month would likely pay anything). If members are charged maintenance fees for the entire 2042 year, then DVC would be obligated to maintain the resorts to allow point reservations- but currently that is not the case.

We, as members, have no say in what should happen after 1/31/2042, since all ownership reverts back to Disney. If Disney should decide to offer a contract extension (doubtful, IMO) they certainly have the right and ability to do so, but otherwise there will be no members on 2/01/2042 and points will be worthless beginning on that date. At this time, SSR owners will only have that resort as a DVC option - unless DVC offers some other option.

If they decide to keep the other resorts open an operate as cash reserved resorts, DVC could possibly negotiate points usage at those resorts, just like moderate/deluxe resorts now are part of the Disney Collection.

Stay tuned!

 

[OKWKirt]

The way I looked at this is you would get your points through 2041, including those with Dec UY and you would have your normal one year to use them but no one gets points after 1-31-2042. This would keep the resorts open until Nov 30, 2042. My use year is Feb so I would get my Feb 2041 points and have until Jan 31, 2042 to use them. If I had a Dec UY I would expect to receive my full points in Dec 2041 and expect to have my one year to use them.