Resale points question

[Homemom]

Looking at a resale contract with an Aug UY trying to see how to use the points. There will be 78 available in Aug 2011 (that were borrowed) and have to be used by Aug of 2012. Then 82 points coming Aug of 2012.

The question is if I book a trip for Jan or Feb 2012 with the 78 and it's not enough, could I borrow from the 82 that won't technically be in or account until later that year?

 

[HookdonWDW]

You can bank points from the previous year, use points from the current year, and borrow points from one year forward. Therefore you would be able to use both the Aug 2011 UY points and the Aug 2012 UY points for a trip in Jan/Feb of 2012.

If you were travelling in Oct 2012, you could bank and use the Aug 2011 points (except that it is currently past the banking window), use the Aug 2012 points and borrow your Aug 2013 points.

 

[JimMIA]

The question is if I book a trip for Jan or Feb 2012 with the 78 and it's not enough, could I borrow from the 82 that won't technically be in or account until later that year?

Yes. You can borrow those points at any time during your 2011 UY.

Keep in mind, though, that once borrowed, the points can't be "un-borrowed." Banking and borrowing are irreversible transactions.

 

[Homemom]

(except that it is currently past the banking window).

When is the banking window for an Aug UY?

 

[JimMIA]

When is the banking window for an Aug UY?

You can bank during the first 8 months of your Use Year. So for an August UY (If I counted the right number of fingers), the banking deadline would be MARCH 31...and thanks to CarolMN, who can actually count!

 

[CarolMN]

You can bank during the first 8 months of your Use Year. So for an August UY (If I counted the right number of fingers), the banking deadline would be April 30.

You must have counted a finger twice.

The banking deadline for an August use year is the following March 31.

 

[Homemom]

Thank you. One of these days I'll get it all figured out. For now let's just hope the seller accepts my offer!

 

[Dean]

Looking at a resale contract with an Aug UY trying to see how to use the points. There will be 78 available in Aug 2011 (that were borrowed) and have to be used by Aug of 2012. Then 82 points coming Aug of 2012.

The question is if I book a trip for Jan or Feb 2012 with the 78 and it's not enough, could I borrow from the 82 that won't technically be in or account until later that year?

Be careful not to overpay in MF and total costs in this situation. If you closed today and payed no MF as part of the transaction, you would be overpaying by about a years worth of MF come Dec/Jan. I arrive at that conclusion because DVC charges dues on a Calendar Year basis where the dues Due in Jan are for 7 months of the 2011 UY and 5 of the 2012 UY. Normally Banked/Borrowed points are not counted in such calculations or are significantly discounted. You should also adjust the price for such a stripped contract by about another $5 for each point not available in it's native UY and/or not bankable. Thus this contract is worth around $2000 less TOTAL than a similar contract with all 150 there for both 2011 & 2012.

 

[JimMIA]

You must have counted a finger twice.

The banking deadline for an August use year is the following March 31.

Figures! That's why I use a calculator.