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Marriott buy back of week for move to points program

Chemee

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I have searched back and can not find any posts related to this. We have a MOW legacy week that we purchased from Marriott. While at a sales presentation this month, we were offered a "special COVID package" to move us to points by buying back our week and using the funds to purchase points. For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds", which we were told was money Marriott received from the government. The "special COVID funds" amounted to 1.4x our purchase price. Apparently, we were emailed about this offer in 2020 but never received it. One time bonuses offered were 3,000 points and another 1,500 if we kept Marriott financing for 18 months.

We never enrolled our week previously because this was our set, drive to summer vacation and our kids balked about going anywhere else. Now, with them older and one in college, we are thinking ahead of our travel intentions once empty nesters. I would appreciate opinions on this and links to any other threads on this deal.
 

davidvel

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Why not enroll for free, and rent all the DC points you want at same cost as MF, with no upfront cost?
 

Fasttr

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Just enroll your week if it’s eligible. Can likely do so for free if you watch an informational video. If that option is no longer available, you can enroll by paying a small fee… again assuming it’s eligible to be enrolled. It’s likely your owned week has lower MF’s per point than owning pure Trust points would.
 

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Aloha. We were offered something similar a couple months ago at Ko'Olina. If we were looking to make the changes and acquire more Marriott it was a very interesting deal. Basically selling back a couple of weeks that the $/pt was greater than the fees $ for equivalent pure points plus a little bit more $.. But at our point in retirement life we were good with what we have! Which is actually a whole lot! We said the amortization of the new investment would outlive us! Of course we were asked to think of what our children will inherit... we think they can figure it out on their own! As a side note, it was a better offer than we had seen for a while!


Sent from my SM-G960U using Tapatalk
 

MOXJO7282

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I have searched back and can not find any posts related to this. We have a MOW legacy week that we purchased from Marriott. While at a sales presentation this month, we were offered a "special COVID package" to move us to points by buying back our week and using the funds to purchase points. For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds", which we were told was money Marriott received from the government. The "special COVID funds" amounted to 1.4x our purchase price. Apparently, we were emailed about this offer in 2020 but never received it. One time bonuses offered were 3,000 points and another 1,500 if we kept Marriott financing for 18 months.

We never enrolled our week previously because this was our set, drive to summer vacation and our kids balked about going anywhere else. Now, with them older and one in college, we are thinking ahead of our travel intentions once empty nesters. I would appreciate opinions on this and links to any other threads on this deal.
"For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds",

Can you elaborate on what this entails. What was your week's purchase price?
 

Dean

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I have searched back and can not find any posts related to this. We have a MOW legacy week that we purchased from Marriott. While at a sales presentation this month, we were offered a "special COVID package" to move us to points by buying back our week and using the funds to purchase points. For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds", which we were told was money Marriott received from the government. The "special COVID funds" amounted to 1.4x our purchase price. Apparently, we were emailed about this offer in 2020 but never received it. One time bonuses offered were 3,000 points and another 1,500 if we kept Marriott financing for 18 months.

We never enrolled our week previously because this was our set, drive to summer vacation and our kids balked about going anywhere else. Now, with them older and one in college, we are thinking ahead of our travel intentions once empty nesters. I would appreciate opinions on this and links to any other threads on this deal.
This sounds like a bad deal even if it works out as suggested. You'd have a MUCH higher maintenance fee on a PP basis, new closing cost, a higher cost to stay at MOW since it'll likely take more points than you'd get if enrolled. Ultimately it's just a way to get you to buy more points which you could do if you wanted and keep your week which you can enroll as noted, likely for free. Don't do this. You may want to enroll it if you'll use points or rent points but realize there are some benefits and extra fees just being enrolled.
 

kds4

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Marriott Weeks and DC Points
I have searched back and can not find any posts related to this. We have a MOW legacy week that we purchased from Marriott. While at a sales presentation this month, we were offered a "special COVID package" to move us to points by buying back our week and using the funds to purchase points. For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds", which we were told was money Marriott received from the government. The "special COVID funds" amounted to 1.4x our purchase price. Apparently, we were emailed about this offer in 2020 but never received it. One time bonuses offered were 3,000 points and another 1,500 if we kept Marriott financing for 18 months.

We never enrolled our week previously because this was our set, drive to summer vacation and our kids balked about going anywhere else. Now, with them older and one in college, we are thinking ahead of our travel intentions once empty nesters. I would appreciate opinions on this and links to any other threads on this deal.

If you purchased your week from MVCI to begin with or have owned a resale week since before June of 2010 you should be eligible to enroll that week (and have the option to convert it to Destination Club points annually) for little to no cost already (but they probably didn't tell you that in your sales presentation). Once your week is enrolled, if there is somewhere you want to go besides MOW (and you can't get there through an Interval International exchange), you can choose to convert your enrolled week for points that year (and rent any additional points you might need for that reservation from other owners). *Perhaps someone will post the link to the points exchange, so the OP can see what we're referring to when we say 'rent' points.

If you want to buy points just to own points in addition to your week, that's fine and many people have (myself included). However, I would never give up a week I already own to buy points from MVCI.
 

Chemee

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"For the buy back, we were offered our week's purchase price plus additional incentive money from "special COVID funds",

Can you elaborate on what this entails. What was your week's purchase price?

The week's purchase price was $17,900.
 

davidvel

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The week's purchase price was $17,900.
I am also curious as to what all of the terms of the offer were. This is new territory for Marriott, often seen by some "lesser" or foreign systems.
 

Dean

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The week's purchase price was $17,900.
But what would the cost be for the replacement points and what would the comparable fees be for each? If we assume Ocean View at 3475 points it's going to be around $35K or more to buy in and dues would be almost twice as much on Trust points for the same points you'd get if you simply enrolled. Even for Garden View Platinum it's still very favorable enrolling vs selling and buying points. It's not until you get to Gold for GV that the yearly dues on the same # of points is around the same as for points. Just enroll and rent/transfer if you need extra points since it's qualified and you can likely do so for free or as a minimum by attending a sales presentation. Then you still have your week you can use if you want which will provide even more savings.
 

rthib

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Enroll you week. If you want more points and don't want to rent, then buy resale points. I can't imagine any scenario where you come out ahead in what Marriott offered.
Enrolled weeks MF for points is the best bargin.
 

Chemee

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Hi, thanks for all the comments and discussion. We would need to rent points if we enroll our week ((fee $595) since our gold oceanside has a value of 2,650 points and we'd like at least 4,000. As I mentioned, we never enrolled previously since we had no intentions of exchanging. Plus, the points valuation was worth less than the 7 nights we owned, something we expressed our unhappiness about to OceanWatch sales. Due to COVID, we deposited our 2020 week with II. Looking periodically at II inventory, we see few Marriotts to exchange for (beyone FL) and this is concerning. We assume this is an affect of weeks being kept for for points inventory. This has opened our eyes. What will exchanges be like for weeks owners in 3-5 years when we're ready to travel more?

I am also curious as to what all of the terms of the offer were. This is new territory for Marriott, often seen by some "lesser" or foreign systems.

We get $43,000 to apply to points purchase. This comes from week buy back at purchase price $17,900 plus a "rebate" of $25,100 (the "COVID funds"). This puts our $/point in $4 range. We also think the 3,000 incentive bonus points are of great value (good for 3 years). We do need to educate ourselves on points rentals and verify the fees comparison. Appreciate any other comments you may have.
 

Fasttr

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Are you sure you understand the deal. Hard to believe they are paying you the equivalent of $16+ per generated point for your MOW week.
 

Chemee

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Are you sure you understand the deal. Hard to believe they are paying you the equivalent of $16+ per generated point for your MOW week.

Yes, and hence why I came to TUG looking for similar. They said these "COVID" offers were for select weeks so we assume they need MOW weeks for the trust.
 

TheTimeTraveler

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Hi, thanks for all the comments and discussion. We would need to rent points if we enroll our week ((fee $595) since our gold oceanside has a value of 2,650 points and we'd like at least 4,000. As I mentioned, we never enrolled previously since we had no intentions of exchanging. Plus, the points valuation was worth less than the 7 nights we owned, something we expressed our unhappiness about to OceanWatch sales. Due to COVID, we deposited our 2020 week with II. Looking periodically at II inventory, we see few Marriotts to exchange for (beyone FL) and this is concerning. We assume this is an affect of weeks being kept for for points inventory. This has opened our eyes. What will exchanges be like for weeks owners in 3-5 years when we're ready to travel more?



We get $43,000 to apply to points purchase. This comes from week buy back at purchase price $17,900 plus a "rebate" of $25,100 (the "COVID funds"). This puts our $/point in $4 range. We also think the 3,000 incentive bonus points are of great value (good for 3 years). We do need to educate ourselves on points rentals and verify the fees comparison. Appreciate any other comments you may have.



Forget the fancy, fuzzy, jumbled Covid math deal and put your hands into your pocket.

Once you do that, spend $595 and enroll your week and obtain your 2,650 points each year.

Then RENT whatever remaining points that you need at anytime you want. It's a win, win for you without spending tons of money. And, you still retain ownership of your MOW week.

.
 
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Fasttr

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Yes, and hence why I came to TUG looking for similar. They said these "COVID" offers were for select weeks so we assume they need MOW weeks for the trust.
And how many points were they selling you?
 

Dean

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Hi, thanks for all the comments and discussion. We would need to rent points if we enroll our week ((fee $595) since our gold oceanside has a value of 2,650 points and we'd like at least 4,000. As I mentioned, we never enrolled previously since we had no intentions of exchanging. Plus, the points valuation was worth less than the 7 nights we owned, something we expressed our unhappiness about to OceanWatch sales. Due to COVID, we deposited our 2020 week with II. Looking periodically at II inventory, we see few Marriotts to exchange for (beyone FL) and this is concerning. We assume this is an affect of weeks being kept for for points inventory. This has opened our eyes. What will exchanges be like for weeks owners in 3-5 years when we're ready to travel more?
Again, there are ways to enroll for free times either by watching a video or as an incentive to attend a sales presentation. For II little top inventory will show up sitting online. You need to do an ongoing search to get the best options in most cases.



We get $43,000 to apply to points purchase. This comes from week buy back at purchase price $17,900 plus a "rebate" of $25,100 (the "COVID funds"). This puts our $/point in $4 range. We also think the 3,000 incentive bonus points are of great value (good for 3 years). We do need to educate ourselves on points rentals and verify the fees comparison. Appreciate any other comments you may have.
At the end of the day they will end up with your unit for cheap and selling you retail points no matter all the smoke and mirrors. I can't see any situation you've described where this is a good deal, esp if you use your week routinely anyway as it sounds like you do.
 

Dean

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And how many points were they selling you?
And at what price? I can bet it's not the discounted price we've been seeing. This is almost certainly where the "rebate" is coming from as that discount alone on 5000 points would be around $25K.
 

rthib

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We get $43,000 to apply to points purchase. This comes from week buy back at purchase price $17,900 plus a "rebate" of $25,100 (the "COVID funds"). This puts our $/point in $4 range. We also think the 3,000 incentive bonus points are of great value (good for 3 years). We do need to educate ourselves on points rentals and verify the fees comparison. Appreciate any other comments you may have.
Just to make sure I understand. The offer is to trade back your week, then sell you 4,000 points for out of pocket $16,000? (4000 * $4)

If you just enrolled you week. You have 2,650 points.
If you want to get to 4,000, you need 1350 more points, but probably easier to find someone selling 1500 points
Redweek has 1500 for $3,500. Add Marriott Junk fee of $3 so total cost is $8,000

So Either $16,000 for 4,000 points all at the higher point MF [Marriott Deal]
or $8,000 for 4,150 points, plus lower average MF (week + point fee on only 1500 points), plus you still have you week if you want to use your week. [Enrolling week and buying resale points]
 

LMills

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Forget the fancy, fuzzy, jumbled Covid math deal and put your hands into your pocket.

Once you do that, spend $595 and enroll your week and obtain your 2,650 points each year.

Then RENT whatever remaining points that you need at anytime you want. It's a win, win for you without spending tons of money. And, you still retain ownership of your MOW week.

.
Is there a chart on here that shows what each legacy week is worth in DC points?
 

TheTimeTraveler

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Is there a chart on here that shows what each legacy week is worth in DC points?

.

Go to: www.VacationPointExchange

.


Then click on Marriott Info, then click on Destination Point Charts.


By the way, Vacation Point Exchange does allow you to rent points should you need some additional points, or for you to rent your points if you have too many. A very useful website!


.
 

LMills

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.

Go to: www.VacationPointExchange

.


Then click on Marriott Info, then click on Destination Point Charts.


By the way, Vacation Point Exchange does allow you to rent points should you need some additional points, or for you to rent your points if you have too many. A very useful website!


.
Thank you. But that is for how many are required for a stay. What I meant was is there a chart that shows the redemption amount you get if you turn in your legacy week for points. Please understand I do know what the rate is for what I own I was looking for what the redemption rate was for other locations. ie: my Grand Vista 2 bedroom will get me 2750 for the week if I use it for the Vacation Club points. I am wondering if there is somewhere to look for what other locations get.
 

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Thank you. But that is for how many are required for a stay. What I meant was is there a chart that shows the redemption amount you get if you turn in your legacy week for points. Please understand I do know what the rate is for what I own I was looking for what the redemption rate was for other locations. ie: my Grand Vista 2 bedroom will get me 2750 for the week if I use it for the Vacation Club points. I am wondering if there is somewhere to look for what other locations get.
It's there. Go to the site and click on Historical MF's not on a drop down.
 

tschwa2

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Thank you. But that is for how many are required for a stay. What I meant was is there a chart that shows the redemption amount you get if you turn in your legacy week for points. Please understand I do know what the rate is for what I own I was looking for what the redemption rate was for other locations. ie: my Grand Vista 2 bedroom will get me 2750 for the week if I use it for the Vacation Club points. I am wondering if there is somewhere to look for what other locations get.
If you don't own at other locations and are eligible for points, it really doesn't matter what other people get when they turn in their week for points. The only thing that would matter is what you have to pay to get into those places. To get an idea look at the average cost for the season and round down 200-1000 points.
 

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Thank you. But that is for how many are required for a stay. What I meant was is there a chart that shows the redemption amount you get if you turn in your legacy week for points. Please understand I do know what the rate is for what I own I was looking for what the redemption rate was for other locations. ie: my Grand Vista 2 bedroom will get me 2750 for the week if I use it for the Vacation Club points. I am wondering if there is somewhere to look for what other locations get.

In the sticky post for points

you can find this section:
What is the DC Points value of my Week(s)? Each Week in the MVCI system is allotted a stipulated amount of DC Points (which per the governing documents MVW has the ability to adjust, but there haven't been any such adjustments since the DC inception.)
  • To determine the allotment for your particular Week(s) via your owners.marriottvacationclub.com account, click on "Enrollment" under "Managing Your Ownership" --> check the "I have read ..." box --> click "Start Enrolling Now" to get to the page that details the eligibility terms and DC Points allotments of your Weeks.
  • TUGgers GregT and StevenTing have developed a document listing DC Points conversion and Bonvoy Points exchange values for MVCI Weeks as reported by owners, which is being hosted on an external website here: http://historical.vacationpointexchange.com
 
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