Use Year Months - Contract expiration

[JimC]

I would like to understand the logic underlying how DVC was set up.

1. Why do the contracts expire 1/31/42? Why not run everything off of a calendar year -- contract expiration, maintenance fees and use years? Or why not 10/6/41 expiration (the day before the first DVC resort opened and the date that would have yielded a fifty year contract)?

2. Why select multiple months for use years? I suspect that they used multiple months to even out when members get points, although I am not sure why that would be important. Why not have the use years end at the same time as the maintenance fees or the contract?

3. Why were the special eight selected (February, March, April, June, August, September, October and December) for use years? Why were January, May, July and November skipped. I could possibly see not wanting anyone getting points on 1/1/42. But I have no idea at all about the others.

I know that I must be missing something obvious Any one care to educate me?

 

[RobDoc]

To my knowledge, DVC has never offered any explanation for the questions you've posed.

Those that had the wisdom to purchase prior to Jan. 31, 1992 got the benefit of over 50 years of ownership. Smart folks!

As for the other questions...they are some of life's (and DVC's) little mysteries.

I'll guess that the Use Year options simplify some of the internal accounting practices for the DVC system, but any answers we'll see here are likely to be pure speculation.

Good questions!!