Little help understanding please

[Wanna be Ariel]

I am looking at making an offer on a resale contract with a August use year. They currently have 35 points from 2015 (would probably just try and sell these) then they get 150 for 2016 and 150 for 2017. We are not looking at taking a vacation til October 2017. Will I be able to bank this years 150 points and use them for our 2017 October trip without a problem? Just trying to understand all of this.

We usually go to Disney in May, October, or November Should I be looking at another buy in year?

Thank you for any guides that you can give

 

[craigkerstiens]

Yes, you would have plenty of time to do that. Because your use year is October you wouldn't even have those points to use until October 2016, unless you "borrowed" from that year. So if you're going in say May of 2017 you might use your actual 2016 points and if you needed borrowed from 2017.

With an October use year you'd have up until March to bank 100% of them for the future. As to which which is a good use year, I'd say October could be fine for you given the times you want to travel, or possibly something like April. Though personally we've never really had issues at all with it.

 

[KAT4DISNEY]

UY really only matters if you have a last minute cancellation. It's an insurance to give you as much time as possible to use or bank points in unexpected cancellations. For your travel times an Oct UY would cover all your times while the Aug would cover your a Fall stays. An Oct UY had a May banking deadline where an Aug UY is March 31st so it won't give that little insurance for a late cancellation of a May trip. An April UY would also work and Sept would be a bit better than an Aug.

Using the August UY points for an Oct 2017 trip you could use banked 2016 points, current 2017 points or borrow 2018 points.

 

[Wanna be Ariel]

Okay thank you both for your help. I just was not sure with the August use year if I would be fine banking this years points and using them next year. Is it 2 years I have to use banked points?

 

[KAT4DISNEY]

Okay thank you both for your help. I just was not sure with the August use year if I would be fine banking this years points and using them next year. Is it 2 years I have to use banked points?

Yes, you're fine to bank the Aug 2016 points and use them for the vacation in October 2017. When you bank points you move them just one year ahead and have to use them in that year or they will expire. Each year's points expire at the end of their year unless they are used for vacation, banked into the next year (which they would have to be used or expire), or they can be borrowed into the previous year and used (or else they would expire at the end of that year).

 

[supersnoop]

Okay thank you both for your help. I just was not sure with the August use year if I would be fine banking this years points and using them next year. Is it 2 years I have to use banked points?

What do you mean by "this years points?" You can bank the 2016 points and use them with the 2017 points for your trip in October of 2017, but the "current" 2015 points can't be used for that trip.

 

[Wanna be Ariel]

What do you mean by "this years points?" You can bank the 2016 points and use them with the 2017 points for your trip in October of 2017, but the "current" 2015 points can't be used for that trip.

No I understand that I can't use the 2015 points for our October 2017 trip.

 

[Dean]

I am looking at making an offer on a resale contract with a August use year. They currently have 35 points from 2015 (would probably just try and sell these) then they get 150 for 2016 and 150 for 2017. We are not looking at taking a vacation til October 2017. Will I be able to bank this years 150 points and use them for our 2017 October trip without a problem? Just trying to understand all of this.

We usually go to Disney in May, October, or November Should I be looking at another buy in year?

Thank you for any guides that you can give

August is not a great UY for the situation you've described. Unless it's a great deal or a difficult to get resort, I'd try for an Oct UY or at least Sept. That extra 1-2 months can make a big difference if you end up having to cancel.

 

[ziravan]

I am looking at making an offer on a resale contract with a August use year. They currently have 35 points from 2015 (would probably just try and sell these) then they get 150 for 2016 and 150 for 2017. We are not looking at taking a vacation til October 2017. Will I be able to bank this years 150 points and use them for our 2017 October trip without a problem? Just trying to understand all of this.

We usually go to Disney in May, October, or November Should I be looking at another buy in year?

Thank you for any guides that you can give

You must bank points four months before end of UY. For an August UY, that will be by Mar 31. You almost certainly will not have finished with the transfer process and have control of that account by then.

IF you decide to make an offer on this contract, make it contingent upon the current owners banking the 2016 points now.

 

[KAT4DISNEY]

You must bank points four months before end of UY. For an August UY, that will be by Mar 31. You almost certainly will not have finished with the transfer process and have control of that account by then.

IF you decide to make an offer on this contract, make it contingent upon the current owners banking the 2016 points now.

The 2015 would need to be banked, not 2016. Not that August 2016 points even could be banked yet.

 

[beer dave]

Yes, you would have plenty of time to do that. Because your use year is October you wouldn't even have those points to use until October 2016, unless you "borrowed" from that year. So if you're going in say May of 2017 you might use your actual 2016 points and if you needed borrowed from 2017.

With an October use year you'd have up until March to bank 100% of them for the future. As to which which is a good use year, I'd say October could be fine for you given the times you want to travel, or possibly something like April. Though personally we've never really had issues at all with it.

So.... substitute August for all the Octobers?