II trading - clarification please

[flechette]

okay I'm thinking a bit ahead and potentially borrowing some trouble, but I know this board is used to posters doing that so here it goes:

As I understand it: I can deposit 160 points with Interval International and choose a location later correct? Can I use banked points? IE Feb 2008 all points used or banked so they can pull 160 out of 2009?

The background: Hubby is Army National Guard w/ two Iraqi Freedom tours under his belt. Guess what? They'd like him back for a third one January 2009 - Dec 2009

At this point he has declined, but if the ranks are not yet filled with volunteers TPTB can use an "involuntary" transfer to fill said ranks. And as at least 3 different CO's have asked him to go, he's pretty high on the "wanted" list - it is a given he'd go again in that scenario.

How does that relate to DVC? Well we're safe for this year (we hope) the involuntary clause shouldn't be played til Nov or Dec 2008, if it happens at all. For 2009 we had planned an Oct trip w/ friends in either get a GV or a 2 bd + studio: 160 to 190 points depending. And of those: 130 will be banked from 2008. So as of Feb 2009 I will have 130 banked points to use or lose, and 145 points to do whatever with.

(I mentioned borrowing trouble right? )

So right now I'm just trying to get options clear in my mind, with the understanding that A) hopefully nothing comes of it B) DVC may change the rules between now and then & C) not the best use or value of points.

I know I could rent out points, or try to, but that's really low on my options list. I could be a tremendous friend and let the group go without us; but being friends I expect they'd tell us to postpone until Tim is home again. Then again they might not Or we may see about when his 2 week leave is and try to do a group trip during that time....

And yes - I am obsessing on this instead of worrying about a third tour . Coping mechanism or something like that, I get majorly worried - I plan a vacation. Hubby completely understands, I've done this every tour so far....

 

[BirdsOfPreyDave]

As I understand it: I can deposit 160 points with Interval International and choose a location later correct? Can I use banked points?

You'll technically be depositing a room into Interval, not your points. DVC Member Services will create an actual room reservation and deposit that room into the Interval system. The number of points needed for that reservation will determine how many points are required. All the normal rules apply for booking a villa - 11/7 month home resort rule, banking, borrowing, etc. You need to be able to come up with an actual reservation - so don't wait until the last minute in your use year, or there may be no DVC villas available to be booked and transfered.

The size of the timeshare and season you'll get for your Interval exchange will depend on the size/season you deposit with them. If you tell DVC Member Services what you think you'll be looking for, they should be able to help you decide what to book and deposit.

After the room has been deposited with Interval, you'll have up to two years to use the exchange. Keep in mind, though, that Interval matches aren't necessarily easy to make. You have to have some flexibility on where you want to go, and when you want to go. Don't wait until near the end of your two years to start looking for matches or you may be disappointed.

Also important to remember is once the points are in Interval, there's no bringing them back. You'll have to use them at an Interval location, and won't be able to stay at WDW.

 

[Buckeye Fan]

Just wanted to hop in and say God bless you both and the other men and women serving our country. My grandfather passed a way a couple of years ago (he served in both Army & Navy), and I think often of our folks, both here and away, protecting our freedom and providing safety. I also think of the families left behind that worry day-in and day-out for their saftey.

Thank you sooooo much and know you continue to be in our thoughts and prayers.

 

[flechette]

You'll technically be depositing a room into Interval, not your points. DVC Member Services will create an actual room reservation and deposit that room into the Interval system. The number of points needed for that reservation will determine how many points are required. All the normal rules apply for booking a villa - 11/7 month home resort rule, banking, borrowing, etc. You need to be able to come up with an actual reservation - so don't wait until the last minute in your use year, or there may be no DVC villas available to be booked and transfered.

okay this is where I'm confused - I have a Feb use year, so I need to bank by Sept 30, I think. I will be banking 130 points by whenever my deadline is. We won't know til Nov or Dec exactly what our situation will be; so if we do go the II route, it would be Dec the earliest which is definitely at the end portion of our UY. Do I need to wait until Feb 2009 then to start the II exchange process?

The size of the timeshare and season you'll get for your Interval exchange will depend on the size/season you deposit with them. If you tell DVC Member Services what you think you'll be looking for, they should be able to help you decide what to book and deposit.

After the room has been deposited with Interval, you'll have up to two years to use the exchange. Keep in mind, though, that Interval matches aren't necessarily easy to make. You have to have some flexibility on where you want to go, and when you want to go. Don't wait until near the end of your two years to start looking for matches or you may be disappointed.

Also important to remember is once the points are in Interval, there's no bringing them back. You'll have to use them at an Interval location, and won't be able to stay at WDW.

Not too much of a problem - we don't have any particular expectations, As a matter of fact: it might be fun to simply choose a month and ask what locations are open and go based on availability. We've been talking about California, or Williamsburg, or Mexico, or.... ya know pretty much anywhere it won't be likely to snow and we'd be happy

Buckeye Fan:
Just wanted to hop in and say God bless you both and the other men and women serving our country. My grandfather passed a way a couple of years ago (he served in both Army & Navy), and I think often of our folks, both here and away, protecting our freedom and providing safety. I also think of the families left behind that worry day-in and day-out for their saftey.

Thank you sooooo much and know you continue to be in our thoughts and prayers

On behalf of my husband - thank you for your support! Whether or not people agree about the war- It is wonderful how much support the troops get

Michelle

 

[Dean]

I'd rent or transfer and delay any II deposit as long as possible. It sounds like you can bank all 2008 points so you could depost if necessary in your 2009 UY, likely about midway would be best. If you deposit, do so with a plan in mind and start a search right away or early.

 

[flechette]

I'd rent or transfer and delay any II deposit as long as possible. It sounds like you can bank all 2008 points so you could depost if necessary in your 2009 UY, likely about midway would be best. If you deposit, do so with a plan in mind and start a search right away or early.

Dean,

We won't know til late 2008 what his situation is for 2009. And as that will be past the banking deadlines I will have 130 pts banked into 2009. I can't transfer banked points... can I? hmm pretty sure "no" but I'll double check. I will have 130 points banked into 2009, and if Hubby is on another tour I won't have the vacation time available to meet him somewhere for his 2 week leave and still do a week in Disney. His preference is not to come home during those 2 weeks, he says it's a lot harder to go back. We don't have children so me meeting him somewhere else in the world isn't a hardship.

So in 2009 - will have 130 banked points to use or lose. If I'm reading your response right you'd suggest depositing around June/July 2009? If we go that route?

I know this next "attitude" of mine won't make sense to some - but so much stuff that should be easy goes wrong for us that I really don't want to deal with all the issues involved with renting. I call it living under Murphy's Law The local grocery stores and Wendy's cringe to see me coming - I'm a guarantee cash register error going to happen. Without exaggeration, I have a minimum of 2 register crashes a WEEK. Usually more. Go to get a car inspected: machines break down. Yep happens to everyone on occassion right? How about every car inspection for the last 5 years? And going to different stations each year? It's not fatalism, really, I just generally expect something weird to happen cause most days it does. Heck - buying DVC resale. Tim wasn't back from Kuwait yet when I started the process figuring okay we've got time. Right - we breezed thru the process so quickly my head swam and I called TTS in a panic cause the closing documents came in lot sooner than Tim did
okay that wandered a bit, sorry....

So anyway if possible I'd really like to avoid the pitfalls of renting - I just know I'd wind up with a renter who calls everyday multiple times or emails a bazillion questions I can't answer, or cancels last minute and harasses me for a refund.

I won't rule out renting completely, but if I have other options I'd like to understand them first. And I still have fingers crossed that what really happens is nothing and I get to vacation w/ hubby and friends


So to recap - The orignal question was do I have to have a destination chosen when I contact MS to do an II exchange. The answer seems to be - it would be better to have a destination in mind but I could chose later if so desired~ right?


Thanks again for all the help!

Michelle

 

[RobDoc]

Yes, you can deposit banked points into the World Passport Collection. You can then have up to 24 months to use that "deposit".

There are some limitations based on availability and when the points will expire, so there is an advantage to depositing your points as early as possible. There may even be times when MS cannot accept a deposit into the World Passport Collection - also due to availbility in the DVC system. (For example - if you had a December Use Year and called to deposit banked points on November 3 - MS might not accept that deposit since their ability to reserve 7 nights in a DVC resort could be limited.)

According to the new DVC Planner, members can also "bank" existing reservations into the World Passport Collection to make a later exchange thru II.

 

[Dean]

Dean,

We won't know til late 2008 what his situation is for 2009. And as that will be past the banking deadlines I will have 130 pts banked into 2009. I can't transfer banked points... can I? hmm pretty sure "no" but I'll double check. I will have 130 points banked into 2009, and if Hubby is on another tour I won't have the vacation time available to meet him somewhere for his 2 week leave and still do a week in Disney. His preference is not to come home during those 2 weeks, he says it's a lot harder to go back. We don't have children so me meeting him somewhere else in the world isn't a hardship.

You can't transfer banked points. May you should rent or transfer them now in anticipation.

So in 2009 - will have 130 banked points to use or lose. If I'm reading your response right you'd suggest depositing around June/July 2009? If we go that route? So anyway if possible I'd really like to avoid the pitfalls of renting - I just know I'd wind up with a renter who calls everyday multiple times or emails a bazillion questions I can't answer, or cancels last minute and harasses me for a refund.

I won't rule out renting completely, but if I have other options I'd like to understand them first. And I still have fingers crossed that what really happens is nothing and I get to vacation w/ hubby and friends

I personallly think renting is the least risky of all the options available to you if you plan it accordingly and rent early in the UY.

So to recap - The orignal question was do I have to have a destination chosen when I contact MS to do an II exchange. The answer seems to be - it would be better to have a destination in mind but I could chose later if so desired~ right?


Thanks again for all the help!

Michelle

You reallly need a plan as you will have two years form the time of the deposit, likely around 2.5 years total. Since one needs to be searching 1-2 years out, and there are no guarantees, that's why I think one needs at least a plan upon deposit and preferably to put in a request. IF you go the II route you'll likely deposit 160 so you'll have all the 1 BR in the system as an option. Put in a request as early as possible but no more than 2 yearws out and hope for the best. Let us know what happened.

One other thing was gnawing at the back of my mind. I am thinking DVC made some special allowances in the past for this situation, you might talk to DVC and see what they say. In that situation they might actually allow you to bank those 130 points.

 

[flechette]

Yes, you can deposit banked points into the World Passport Collection. You can then have up to 24 months to use that "deposit".

According to the new DVC Planner, members can also "bank" existing reservations into the World Passport Collection to make a later exchange thru II.

Thanks Webmaster Doc! Okay - so if worst does come, I do have options.

You can transfer banked points. May you should rent or transfer them now in anticipation

Um Dean - pulled out the 2008 planner to read about what Doc has posted. Page 9 says banked points can not be transferred. Page 11 says transferred points can be banked.

As far as doing something now in anticipation - nope. I have a group of 6 friends who have started a savings fund for the trip I promised them free accomodations in 2009. Tim getting a confirmation of a 3rd tour is a reasonable excuse to postpone, anything else will get me hurt

You reallly need a plan as you will have two years form the time of the deposit, likely around 2.5 years total. Since one needs to be searching 1-2 years out, and there are no guarantees, that's why I think one needs at least a plan upon deposit and preferably to put in a request. IF you go the II route you'll likely deposit 160 so you'll have all the 1 BR in the system as an option. Put in a request as early as possible but no more than 2 yearws out and hope for the best. Let us know what happened.

One other thing was gnawing at the back of my mind. I am thinking DVC made some special allowances in the past for this situation, you might talk to DVC and see what they say. In that situation they might actually allow you to bank those 130 points.

There is a vague plan. If Tim goes, first find out his leave dates and see if anything is available anywhere in the world that sounds interesting. So I guess i would be looking at Instant match. If he gets deployed I think we'd find out leave dates around March 2009, just based on his past tours. If that doesn't pan out (and it probably won't) then I'd start looking for something May, Sept, or Oct 2010, which is usually our easiest months to get vacation time off from work. We keep talking about doing a full week in Williamsburg to do more than Colonial Williamsburg and Busch Gardens; or visit Hilton Head again, or California....

I know, not what you meant by a plan - but it's the best I've got for the next 9 months or so .

I will talk to DVC about the points as a last resort....

Okay back to the regularly scheduled drama of planning this years trip w/ my 2 sisters ....


Thank you all - I'll let you know how it all falls out. My gut is saying he's going to go again. Please let me be wrong....

 

[Dean]

Um Dean - pulled out the 2008 planner to read about what Doc has posted. Page 9 says banked points can not be transferred. Page 11 says transferred points can be banked.

As far as doing something now in anticipation - nope. I have a group of 6 friends who have started a savings fund for the trip I promised them free accomodations in 2009. Tim getting a confirmation of a 3rd tour is a reasonable excuse to postpone, anything else will get me hurt

You are right, it was a miss type on my part after a long day and a half. I have corrected my post to be as it was intended.