Hi John I need help.
I am trying to explain to my husband. That we can get the same TS benefits through a resale. We have 7 calendar days to rescind, we signed on July 12th. Is our deadline the 19th? Contract says we can fax. I will do both overnight mail and fax. We wrote a check for $2500 and still owe $8800
Please help me explain to my husband how we can the same access
offered in "Special Diamond Resorts conversion offer" from a resale.
Here are details of what we walked in owning (paid off) and we walked out owing:
1 Deeded week (odd yr.) 1BR in Dana point CA $403 maintenance fees w/Pacific Monarch converted to 4320 pts. and maintenance fees remain the same.
1 Deeded week (even yr.) 1BR Los Abrigados, Sedona AZ maintenance fees $400 converted to 5500 pts, maintenance fees increased now $1195
In total will get 9820 points every year and maintenance fees will be $1598 annually (confirmation page reads subject to change ea. subsequent year)
We will have access to:
Interval International w/No annual fees
The Club Select
Point Savers
Can DR increase our annual maintenance fees?
Print this out for your husband so you can show him the experience and knowledge base TUG has to offer. My mom was with Monarch Grand Vacations (which already has no value) when it was taken over by DRI. I've looked at their system, and made sure my mom did not spend any money buying into DRI.
So you went from $400 annually for a 1-week EOY (Is it Pacific Monarch or Monarch Grand?) to $1600 annually for the equivalent of ONE annual week? That is 4x the MF for 2x the usage...
$1600 for one week in a 1 BR each year is VERY expensive. I can get a nice
2BR in a Wyndham for under $1000-1200. The rate you are paying would get you a VERY NICE Marriott or Starwood resort. DRI may be nice, but not that nice...
Your II membership is not "free." You are paying for the membership already with your very high MF. You can do better by getting an II membership on your own and taking advantage of the 2-years-for-the-price-of-1 membership discounts they offer on a regular basis.
Club Select.... DRI has certain trusts aka collections within their system. You can buy resale for tons less. Sure resale contracts are limited to a particular collection, but with the money you save, you can buy in 2 or 3 collections and still be ahead.
I don't know what Point Savers are, but it sounds like inventory discounts within a certain time window. Guess what, those are for leftover units, usually in the off-season. If you can travel then, that is fine, but if you have kids, you generally are stuck to the prime holiday and summer travel periods, and these inventory specials become more difficult to use.
Finally, DRI CAN and WILL raise your MF every year from now until you get rid of the TS. That is simply a fact of TS ownership. If you think you are locked in for life at the current rate (already high), then you were misled and you will be unpleasantly surprised this time next year.