Thx for the info TDotTraveller! 1) Coincidentally, yes Velas 2) Float 1-50 3) $1400 MF EOY so that ratio isn't very good then? 4) Combining weeks in addition to the fees doesn't make financial sense. Do you know what the RCI extend fee is?
Hi MiniDog,
1)- Velas has really excellent reviews for their AI / so worth acquiring if you will use to vacation there .
I assume it may be the PV - Marina location . ( I guessed Velas because I know it is mandatory AI in RCI but has contracts that have AI optional for owners.)
2)-their older contracts allow the optional AI for owners **- so more flexible for usage .
(I believe at some point / perhaps 10 years or so ago Velas may have switched to selling AI required contracts)**. The terms of an older contract should remain as written .
3)- I believe some of the MF can be applied against the AI fees .**
So if you do the AI - it works like a discount .
4)- $1400 MF/ week : is about what the (non AI) Club Regina down the street (in the Marina) costs. The Marriott in the Marina will likely,be more .
5) - As easyrider said - this is not a trader - the only reason to deposit into RCI is that you have no other choice because you cannot use that particular years week.
BUT - if the buy in is inexpensive and you want it to use - it should provide excellent vacation value .
6) Velas like most Mexican contracts is an RTU with an expiry date . This is your no cost exit strategy.
7) I see it floats 1-50 (so not Christmas / New Years )
If it allows the booking of the weeks on either side of Easter Sunday - this is a bonus .
7 ) as you start reading more TUG threads - note how many members own more than 1 TS . Some are traders / some are for use at the specific property .
The "one size fits all " TS concept is to help the developer’s sales force overcome objections to buying .
******
** Most of what I just posted came from reading TUG (and visiting PV) .
I don't own Velas - so check with the seller on the contract specifics I mentioned .