Bank, Borrow, or a little of both?

[SteveAZee]

Looking for advice on this. I want to pool two UY's and therefore go every other year.

One strategy is to bank a year and then go in the next UY (using current points).

Another is to borrow a future year's points and use them with current points.

I'm leaning toward borrowing more than banking... pulling from the next year to go in the present. I guess my thinking is two fold... one is that it feels less urgent to borrow than to bank... (and safer if there's another pandemic type event) and the other is as we approach 2042 (when my contracts end) it's better to not have points and not able to make a reservation with them... due to everyone rushing to use theirs as well... so pulling the last year's points in the previous year.

I guess I could split the difference... some banked and some borrowed, but that doesn't really help anything.

I'd be interested in people's thoughts and reasoning behind what they think or what they've experienced.

Thanks in advance.

 

[Club Cooloholic]

If you use the current year and borrow the following years, you could for sure do a trip every other year in this manner. We kinda mix it around based on what we want to do. I like the flexibility of having points at the ready for a trip, though I always seem to bank them

 

[nickys]

Bear in mind that DVC can suspend or restrict banking and borrowing at any time.

There is speculation that they might do so as 2042 approaches.

We bank and borrow and vacation every 3 years. If you’re looking at resale maybe decide partly based on whether you get a loaded or stripped contract.

 

[Club Cooloholic]

Bear in mind that DVC can suspend or restrict banking and borrowing at any time.

There is speculation that they might do so as 2042 approaches.

We bank and borrow and vacation every 3 years. If you’re looking at resale maybe decide partly based on whether you get a loaded or stripped contract.

I can certainly see them restricting it on those whose contracts will expire, they don't want people borrowing and then not paying dues, and they can't have you prepay without knowing what the dues will be.

 

[SteveAZee]

Bear in mind that DVC can suspend or restrict banking and borrowing at any time.

There is speculation that they might do so as 2042 approaches.

We bank and borrow and vacation every 3 years. If you’re looking at resale maybe decide partly based on whether you get a loaded or stripped contract.

I've had one resale contract and have been doing like you... pooling three year's worth of points into a big trip. I'm waiting to pass ROFR on a second contract that would allow every other year.

I do wonder how things will shape up as we all reach the 2042 deadline which is also sort of why I'm leaning toward borrow-and-use as much as possible in case the last year or two get too difficult to reserve things. Also, I'm 64 and healthy and able to 'park' with relative ease, but who knows how things will pan out the next decade or two, so getting in my WDW Disney time in ASAP also plays into it.

LOL I guess I've decided what I'll do... just wondering now what I'm not thinking of that could be a problem in the long run. Since they did restrict borrowing post-pandemic there's always that, though the real crunch was on those who had banked points that had difficulty using them, as I recall.

 

[Club Cooloholic]

I've had one resale contract and have been doing like you... pooling three year's worth of points into a big trip. I'm waiting to pass ROFR on a second contract that would allow every other year.

I do wonder how things will shape up as we all reach the 2042 deadline which is also sort of why I'm leaning toward borrow-and-use as much as possible in case the last year or two get too difficult to reserve things. Also, I'm 64 and healthy and able to 'park' with relative ease, but who knows how things will pan out the next decade or two, so getting in my WDW Disney time in ASAP also plays into it.

LOL I guess I've decided what I'll do... just wondering now what I'm not thinking of that could be a problem in the long run. Since they did restrict borrowing post-pandemic there's always that, though the real crunch was on those who had banked points that had difficulty using them, as I recall.

I actually used the old points that I couldn't use on a contract I bought and traded in for a decent place in Vail for a ski trip. The new one doesn't seem to have as many ski resorts...