I am a TOTAL NEWBIE to RCI & Timeshares

[TrippinDude]

I am thinking of purchasing between 1 and 3 weeks at the Olympic Village Inn
in Squaw Valley, Lake Tahoe. All three weeks would be during Red Ski Season.

If I join RCI what would be my options:

1. I can stay at the resort.

2. I can trade in my week for what?

3. Can I bank my week (or is that the same thing as trading my week?) ?

4. If I trade in my week, do I have to use that week in the same year, week
or can I bank a bunch of weeks to use at a later date/year?

5. Do I only trade for other "Silver" properties??

Also, how does this property trade? Is it in demand?

Thanks...
T.Dude

 

[Madge]

T.Dude,

You have the option to: 1) use your own week at your resort, 2) rent out your week for cash, or 3) deposit your week with RCI for exchange. (If your resort is affiliated with other companies as well, you may have more exchange options through them.)

If you take Option 3, you can deposit your week with RCI from 2 years to 14 days in advance of the date your week starts. Once deposited, you can confirm an exchange vacation from 1 year prior through 2 years after the date your week starts.

When you request an exchange the exchange fee will apply - currently $164 USD / $181 CAD.

Trading Power is based on the following factors. I won't be able to go into more detail about your specific week; however, you may find that your fellow Tuggers will have some great feedback for you in other forums, such as "Exchanging."

1) Supply, demand, and usage of your week at your Home Resort
2) Supply, demand, and usage for all weeks in your resort's region
3) Comment Card ratings for your Home Resort
4) Size and configuration of your unit
5) Seasonal designation of your Week
6) How far in advance you deposit your week with RCI

You can find more information at our website, RCI.com.