When Did 100% Borrowing Begin?

[pkrieger2287]

I know borrowing levels were not always at 100%... When DVC first started they were 50%. Does anyone remember when the original change to 100% occurred?

 

[drusba]

When OKW (then called Disney Vacation Club) began in 1991, its applicable POS documents provided for a 50% maximum per use year borrowing rule. Though I have not been able to determine exactly when that changed, by the time BWV opened in 1996, the rule had been changed to 100%.

 

[CarolMN]

When we purchased in 1999, the banking rules were as follows:

• Up to 100%, seven to twelve months in advance of use year end
• Up to 50%, four to six months in advance of use year end
• Up to 25%, three months in advance of use year end
• 0% two months or less in advance of use year end

Once your "point bank" was full, you couldn't bank anymore that year. For example, if your annual allotment was 200 points, and you banked 100 of them 8 months ahead of use year end, you could not bank anymore once you were less than 7 months from the end of your use year.

Apparently, this was too complicated for Members to understand, so it was changed to 100% up to 4 months prior to use year end. I don't remember when, it changed, though. But even back then, there was a statement that said "Banking and/or borrowing may be suspended or limited by DVCMC from time to time in order to maintain a proper balance of Vacation Points in the Central Reservation System."

FWIW, the change to 100% by the end of the 8th month upset a lot of members, who viewed the change as a loss of planning flexibility. Some were "outraged" over Disney's explanation about "hard to understand", I guess, LOL. Anyway, I can think of no change to booking rules that didn't generate lots of negative reactions, but eventually we "got over it" and moved on.

 

[drusba]

I have now been able to determine that the 50% borrowing rule that existed when OKW began was changed to 100% in March 1995, and thus Vero Beach, the second DVC resort, opened in October 1995 with the 100% rule already in place.

 

[OKW Lover]

I know borrowing levels were not always at 100%... When DVC first started they were 50%. Does anyone remember when the original change to 100% occurred?

Interesting. We've been members since 1995 and I don't recall the borrowing levels ever being anything less than 100% until last year.

 

[Maistre Gracey]

Wasn’t there also a rule in the very early days that you had to stay at your home resort (just OKW and VB at the time) every other visit?
I recall touring OKW (DVC at the time) but really wanted to always stay at the Poly (didn’t understand point values at that time), and the guide told me I could only use points at the Poly every second visit.
Timeframe for this: They had a scaled model of the not yet built VB resort in the OKW model room.

 

[drusba]

^There was no rule in the early POS documents for OKW or VB that would have required members to stay at their home resort at least every other trip. As a practicable matter, the early pre-October 1995 OKW purchasers had no second DVC resort to use. You mention Poly, so what you may be referring to is something that may have applied to trading out to non-DVC Disney resorts, but I am personally unaware of anything in the early documents that would have required that, and things mentioned by guides are not always true.

 

[Maistre Gracey]

^There was no rule in the early POS documents for OKW or VB that would have required members to stay at their home resort at least every other trip. As a practicable matter, the early pre-October 1995 OKW purchasers had no second DVC resort to use. You mention Poly, so what you may be referring to is something that may have applied to trading out to non-DVC Disney resorts, but I am personally unaware of anything in the early documents that would have required that, and things mentioned by guides are not always true.

Right. It was likely the trading out aspect, not the must stay at home resort aspect.

 

[drusba]

Also, just an addition on the early 50% borrowing rule for OKW. There was actually a stated exception that allowed 100% borrowing for reservations made for rooms during the breakage period

 

[Brett Wyman]

Interesting. We've been members since 1995 and I don't recall the borrowing levels ever being anything less than 100% until last year.

Yup its in the vintage promo videos out there that 50% was the max.

 

[drusba]

And there was another quirk in the early yers for OKW. The stated allowed reservation period was 11 months for home resort and 10 months for other DVC Resorts, a rule for other resorts having no impact in the early years since there were no other DVC Resorts. It was changed to 7 months before VB opened..

 

[bakerworld]

This explains a lot for me. We had looked into DVC twice and walked away. This is why I assumed it would be 'safe' to attend a presentation for the any time Fast Passes. Then it was 'you can use it away where at 7 months and use 3 years worth of points for one vacation' so between that and the incentives DH was sold. On the way out he was like why didn't we do this sooner and I was like it didn't seem that easy previously.

 

[Evita_W]

Wasn’t there also a rule in the very early days that you had to stay at your home resort (just OKW and VB at the time) every other visit?
I recall touring OKW (DVC at the time) but really wanted to always stay at the Poly (didn’t understand point values at that time), and the guide told me I could only use points at the Poly every second visit.
Timeframe for this: They had a scaled model of the not yet built VB resort in the OKW model room.

I know about 8 years ago, they added a term that you must be one of the people staying on a reservation every so often. I think they tried this to reduce the number of people buying and renting out for a profit. I don't know if that rule still exists or is enforced, but I remember Disney emailing us about it. For us, it wasn't an issue, but I know there were people that didn't like it.

 

[Lva5]

FWIW, the change to 100% by the end of the 8th month upset a lot of members, who viewed the change as a loss of planning flexibility. Some were "outraged" over Disney's explanation about "hard to understand", I guess, LOL. Anyway, I can think of no change to booking rules that didn't generate lots of negative reactions, but eventually we "got over it" and moved on.

That's interesting. I'm pretty sure I'd choose the current system over the old one because it does, in fact, seem complicated and to me a bit less flexible.

 

[CarolMN]

That's interesting. I'm pretty sure I'd choose the current system over the old one because it does, in fact, seem complicated and to me a bit less flexible.

I don't disagree, and think most of those who objected now feel the same way.

To me, it's just typical of the way many DIS DVC posters react to change.