Marriott purchase for enrollment in Spain

[Red elephant]

Hello fellow tuggers,
I would like to enroll my MOW gold and MGC weeks and this is what was offered for Marbella.
The best way is $27,000 for one week’s 2 bedroom gold and enroll the two Marriott weeks.
I am trying to not have to pay fees for the next 20 years and will be using the week every other year in June or September.
What do you experts think?

 

[dioxide45]

How much fee savings will you get over the next 20 years? Consider that you will add the Club Fee (unless you already pay that as part of your VSN ownership). Is your SDO and SPB voluntary resales? If so, you still have to carry the II account and won't get any savings except for the exchange fees on the Marriott weeks. Do you plan to convert your weeks to points for any of the next 20 years? How often?

 

[DanCali]

1) I'd compute the "cost per point" by calculating (cost of resale weeks + $27,000)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

2) I'd compute the MF/point by calculating (MFs of resale weeks + MF of Spain week)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

Those two numbers above are what may seem attractive relative to buying pure (resale) points.

Keep in mind that to enroll resale weeks MVC has a minimum spend so they may not be offering you the best "bang for the buck and the first offer is not necessarily the best offer. For example, if the minimum spend is $27K, you may buy one Gold week for $27K but 2 Gold weeks will cost you maybe $36K (you'd get an extra 2500-3000 "points" for about $3/point) - I know a salesperson who recently contacted me with such an offer. Of maybe you can get a 2BR Seafront (at Playa) for the same amount, which will give you more points for the same MF (just hypothetical).

Overall - if you really want to enroll your resale weeks, this type of offer would probably be considerably better than anything you'd get in the US.

If you're looking for a reason not to do it - keep in mind that the Spain Gold week is close to worthless on the resale market, so you'd basically paying a $27K "enrollment fee" into a timeshare exchange + potentially adding annual fees...

 

[jwalk03]

Assuming you do 2 Interval trades per year using each half of the MGC:

Exchange Fee: $164x2
E-plus Fee: $89x2
Interval Membership: $99

That’s $605 in fee savings per year. So it would take you 45 years to break even on that $27,000.

 

[dioxide45]

Assuming you do 2 Interval trades per year using each half of the MGC:

Exchange Fee: $164x2
E-plus Fee: $89x2
Interval Membership: $99

That’s $605 in fee savings per year. So it would take you 45 years to break even on that $27,000.

You don't save the Eplus fee, but one would save a lock off fee. Perhaps on the MGC week. Also, if they have other weeks they need to have in an individual II account, then they won't save the Interval Membership Fee. So it may be more like $164x2 + $95 (I think that is the current lock off fee). The OP also mentioned that they would exchange every other year. Do they use the MOW week every year? Trying to calculate a pure fee savings isn't easy without all the details.

 

[Red elephant]

How much fee savings will you get over the next 20 years? Consider that you will add the Club Fee (unless you already pay that as part of your VSN ownership). Is your SDO and SPB voluntary resales? If so, you still have to carry the II account and won't get any savings except for the exchange fees on the Marriott weeks. Do you plan to convert your weeks to points for any of the next 20 years? How often?

About $14,000 just on fees that’s without them increasing the fees. I already pay club dues. SBP is not in interval as I use it every here. SDO is enrolled in VSN. Not converting to points except for Marbella the year I don’t go.

 

[Red elephant]

Assuming you do 2 Interval trades per year using each half of the MGC:

Exchange Fee: $164x2
E-plus Fee: $89x2
Interval Membership: $99

That’s $605 in fee savings per year. So it would take you 45 years to break even on that $27,000.

I exchange the MGC and MOW. Plus the lock off fee.

 

[Red elephant]

You don't save the Eplus fee, but one would save a lock off fee. Perhaps on the MGC week. Also, if they have other weeks they need to have in an individual II account, then they won't save the Interval Membership Fee. So it may be more like $164x2 + $95 (I think that is the current lock off fee). The OP also mentioned that they would exchange every other year. Do they use the MOW week every year? Trying to calculate a pure fee savings isn't easy without all the details.

In exchange MOW each year for MGO or Barony. So it’s $164 x3. This is yearly exchange .

 

[dioxide45]

In exchange MOW each year for MGO or Barony. So it’s $164 x3. This is yearly exchange .

So your fees would be $164x3 plus the lock off fee(Is that $95 now?) and II membership. Is the additional flexibility (free retrades and points) and extra points worth the additional $13,000 upfront?

 

[Red elephant]

So your fees would be $164x3 plus the lock off fee(Is that $95 now?) and II membership. Is the additional flexibility (free retrades and points) and extra points worth the additional $13,000 upfront?

So it’s either buy resale then pay those fees and pay the fees for the next 10-20 years. Those fees will go up too at some point.

 

[dioxide45]

So it’s either buy resale then pay those fees and pay the fees for the next 10-20 years. Those fees will go up too at some point.

Yes, the fees will continue to increase. In the end it would probably be cheaper, cash wise, to just pay the fees year over year. That said, there are additional benefits that come with enrollment that might be worth the extra upfront cost. If you are financing the $27K purchase, then all bets are off.

 

[Red elephant]

Yes, the fees will continue to increase. In the end it would probably be cheaper, cash wise, to just pay the fees year over year. That said, there are additional benefits that come with enrollment that might be worth the extra upfront cost. If you are financing the $27K purchase, then all bets are off.

No financing. Also just realized I need a platinum season as majority of June is platinum and the whole September as well. Totally missed that. No wonder I have not been able to get those weeks.

 

[rthib]

You don't save the Eplus fee, but one would save a lock off fee. Perhaps on the MGC week. Also, if they have other weeks they need to have in an individual II account, then they won't save the Interval Membership Fee. So it may be more like $164x2 + $95 (I think that is the current lock off fee). The OP also mentioned that they would exchange every other year. Do they use the MOW week every year? Trying to calculate a pure fee savings isn't easy without all the details.

Plus fee? With enrolled week there is no charge to retrace as often as you want so you never have to pay an eplus fee.
That’s probably the best feature of enrolled weeks, you can keep retrading just to see if you get a better view with no penalty or cost.

 

[LeslieDet]

No financing. Also just realized I need a platinum season as majority of June is platinum and the whole September as well. Totally missed that. No wonder I have not been able to get those weeks.

If you are referring to MMBR, you might be reading the calendar wrong as to gold season. There are at least 3 weeks in June that are gold season (wedged in between the gold holiday and the platinum) and then gold starts back at the end of August, so September is all gold season at MMBR.

 

[Red elephant]

If you are referring to MMBR, you might be reading the calendar wrong as to gold season. There are at least 3 weeks in June that are gold season (wedged in between the gold holiday and the platinum) and then gold starts back at the end of August, so September is all gold season at MMBR.

Oh then I am reading it all wrong. Thanks for clarifying.

 

[Red elephant]

Plus fee? With enrolled week there is no charge to retrace as often as you want so you never have to pay an eplus fee.
That’s probably the best feature of enrolled weeks, you can keep retrading just to see if you get a better view with no penalty or cost.

This is what I am looking for as I retraded a week and had to pay again as I did not remember I had used up my eplus.

 

[dioxide45]

Plus fee? With enrolled week there is no charge to retrace as often as you want so you never have to pay an eplus fee.
That’s probably the best feature of enrolled weeks, you can keep retrading just to see if you get a better view with no penalty or cost.

I suppose if you are one to add Eplus to every exchange, then one could consider that a cost savings too. But Eplus is an optional add on and not a required fee like membership and exchange fees.

 

[Red elephant]

So your fees would be $164x3 plus the lock off fee(Is that $95 now?) and II membership. Is the additional flexibility (free retrades and points) and extra points worth the additional $13,000 upfront?

The other thing is I get to book for June or September as a home resort. I had to book May this year with points as I could not get availability and did not get anything with exchange. It’s a pain in the butt!!

 

[Red elephant]

I suppose if you are one to add Eplus to every exchange, then one could consider that a cost savings too. But Eplus is an optional add on and not a required fee like membership and exchange fees.

I do eplus as things happen and I am OCD like that.

 

[jwalk03]

I mean you don’t need to pay the e-plus fee as long as the week is enrolled since you get unlimited free re-trades. Assuming you are always trading Marriott to Marriott of course.

And yes I knew I was forgetting something. I forgot the lockoff fee. So that’s $95 more in savings per year.

 

[Red elephant]

I mean you don’t need to pay the e-plus fee as long as the week is enrolled since you get unlimited free re-trades. Assuming you are always trading Marriott to Marriott of course.

And yes I knew I was forgetting something. I forgot the lockoff fee. So that’s $95 more in savings per year.

My weeks are not enrolled so I do eplus on every trade now. I really want to get rid of all those fees.

 

[jwalk03]

My weeks are not enrolled so I do eplus on every trade now. I really want to get rid of all those fees.

Yes that is why I included that fee in my original post but I forgot the lockoff fee.

So if you do three trades a year:

$164x3= $492
$89x3 = $267
Membership- $99
Lock-off fee- $95

So $953 in annual savings. So that gets you down to 29 years to break even on the $27,000 cost.

 

[Red elephant]

Yes that is why I included that fee in my original post but I forgot the lockoff fee.

So if you do three trades a year:

$164x3= $492
$89x3 = $267
Membership- $99
Lock-off fee- $95

So $953 in annual savings. So that gets you down to 29 years to break even on the $27,000 cost.

You are forgetting to include the enrolled Spain week which I will be using. The $27,000 is not just to save fees.

 

[Red elephant]

1) I'd compute the "cost per point" by calculating (cost of resale weeks + $27,000)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

2) I'd compute the MF/point by calculating (MFs of resale weeks + MF of Spain week)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

Those two numbers above are what may seem attractive relative to buying pure (resale) points.

Keep in mind that to enroll resale weeks MVC has a minimum spend so they may not be offering you the best "bang for the buck and the first offer is not necessarily the best offer. For example, if the minimum spend is $27K, you may buy one Gold week for $27K but 2 Gold weeks will cost you maybe $36K (you'd get an extra 2500-3000 "points" for about $3/point) - I know a salesperson who recently contacted me with such an offer. Of maybe you can get a 2BR Seafront (at Playa) for the same amount, which will give you more points for the same MF (just hypothetical).

Overall - if you really want to enroll your resale weeks, this type of offer would probably be considerably better than anything you'd get in the US.

If you're looking for a reason not to do it - keep in mind that the Spain Gold week is close to worthless on the resale market, so you'd basically paying a $27K "enrollment fee" into a timeshare exchange + potentially adding annual fees...

I am working on this calculation but the election value of resale week is non existent since it’s not enrolled. I may be confused

 

[Red elephant]

1) I'd compute the "cost per point" by calculating (cost of resale weeks + $27,000)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

2) I'd compute the MF/point by calculating (MFs of resale weeks + MF of Spain week)/(election value of resale weeks + election value of Marbella week) - what does this come out to?

Those two numbers above are what may seem attractive relative to buying pure (resale) points.

Keep in mind that to enroll resale weeks MVC has a minimum spend so they may not be offering you the best "bang for the buck and the first offer is not necessarily the best offer. For example, if the minimum spend is $27K, you may buy one Gold week for $27K but 2 Gold weeks will cost you maybe $36K (you'd get an extra 2500-3000 "points" for about $3/point) - I know a salesperson who recently contacted me with such an offer. Of maybe you can get a 2BR Seafront (at Playa) for the same amount, which will give you more points for the same MF (just hypothetical).

Overall - if you really want to enroll your resale weeks, this type of offer would probably be considerably better than anything you'd get in the US.

If you're looking for a reason not to do it - keep in mind that the Spain Gold week is close to worthless on the resale market, so you'd basically paying a $27K "enrollment fee" into a timeshare exchange + potentially adding annual fees...

He offered 2 weeks 2 bedroom gold Marbella beach
Price $62,460
5950 points to enroll 4 weeks.