Attended a Wyndham session yesterday. Sales person indicated that as a Platinum owner, I needed to offset my maintenance fees with a new program that supposedly allows me to owe only $40,000 over next 10 years instead of the $80,000 required by maintenance fees. Is this legit? I already offset a good portion by renting out.
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"New" Wyndham ploy?
- Thread starter cray
- Start date
In the World of Wacky Wyndham and their commissioned real estate staff (basicly ALL the sales staff is commissioned ONLY) --- that is the WYNDHAM WAY. They get a one time paycheck --- YOU get MORE never ending maintenance fees which increase every year AND a NEW LOAN payment for 10-15 years ..... AND they never promised to rent an amount to cover -- they only promised to list (and collect 40% commissions plus their costs IF they rent a reservation and YOU give it to them. Also, you can not nor will you be told IF it rented or for HOW much until 30 days after the last day of the reservation - many reservations are NOT rented or they rent for ONLY 1 or 2 days of your dates.....
Yes, they can SELL YOU MORE POINTS per the contract --- except the YOU receiving money to offset your NEW LOAN and HIGHER MAINTENANCE FEES are not in the same contract agreement and is NOT PROMISED .....
BASICLY, YOU LOSE ----
Yes, they can SELL YOU MORE POINTS per the contract --- except the YOU receiving money to offset your NEW LOAN and HIGHER MAINTENANCE FEES are not in the same contract agreement and is NOT PROMISED .....
BASICLY, YOU LOSE ----
cray;1673920....... I already offset a good portion by renting out.[/QUOTE said:
pacodemountainside
TUG Member
Simply ask them to give you typed sheet on Wyndham letterhead explaining.
And, that this document will be incorporated in final contract!
And, that this document will be incorporated in final contract!
Bigrob
TUG Member
You might mention that you'd also plan to scan and post said document as well as have your attorney review it.
Yes. Clearly the crack sales staff has uncovered a problem with your account, and ironically the cure is more points. Happy Day!
We heard a similar story but never got all of the details. AFAICT, there is new program with their Visa card so that you can earn 6-8 points for every $ spent. They were basing it on the "low" estimate of $2500 that I supposedly put on my credit card each month. With their Visa card, you get $60 in maintenance for every 10K points. So if I spend $2500 times 8 points, that is 20K points/month or $120 in maintenance fees. Which is nowhere near what a platinum owner spends. Maybe if I put $12,500 every month on my card, it would cover my fees. :rofl: