TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $13,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $13Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

Just narrowly escaped...questions

Discussion in 'Buying, Selling & Renting Timeshares' started by TimeShareCareBear, Sep 18, 2019.

  1. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    My girlfriend and I went to a Wyndham Timeshare presentation for the free trip, and eventually they made the price so low for us that we joined, considering we take a lot of vacations every year. But then when we got home we did research and found so many reviews of people saying they can't get bookings when they want because it's always too full, so I sent in my letter and fax, and called, and verified that they refunded the deposit to my credit card and cancelled the contract. My question is -- what is the proper way to go about buying/using these timeshares that is actually beneficial? Is there any at all, or should we just avoid these at all costs. I browsed around and saw that some people bought points directly from Wyndham without signing a contract. I am open to suggestions on how to go about these timeshares where it is actually worth it.
     
    Grammarhero likes this.
  2. chapjim

    chapjim TUG Member

    Joined:
    Jan 10, 2010
    Messages:
    2,875
    Likes Received:
    1,040
    Trophy Points:
    299
    Location:
    Fairfax County, Virginia
    Resorts Owned:
    Wyndham PresRes, Quarter House (4), Resort on Cocoa Beach (4), some others.
    You've come to the right place. TUG is the best source of free advice on timeshares. Splurge for a membership -- it's worth it a hundred times over.

    Almost universally on TUG, the advice is to buy resale (as opposed to retail -- from the developer, Wyndham in this case). Nearly as universal is the advice to rent in several locations before you take the plunge. That means trying out different systems as well (Wyndham, Marriott, Hyatt, Sheraton, etc., but NOT Westgate). This means you ought not decide anything for a couple of years minimum. No reason to be in a hurry.

    Not so universal advice (meaning, from me): don't buy real property with someone who is not your spouse. Almost everything that can happen is bad. There are any number of threads on this topic here on TUG -- some heart wrenching, some just plain stupid.
     
    Last edited: Sep 19, 2019
    magmue, dgalati and Iggyearl like this.
  3. chellej

    chellej TUG Member

    Joined:
    Jun 13, 2005
    Messages:
    1,792
    Likes Received:
    315
    Trophy Points:
    293
    Location:
    Spokane, Wa
    We have been Timesharing for about 20 years. The big thing is learning how to best use your membership or week. I think the biggest thing that puts people off is that the salesman make you believe you can go anywhere, anytime you want and that is just not the case. While you can sometimes plan on short notice, in general you will be happiest with your purchase if you can plan ahead. Most systems that means 9 -12 months in advance.

    And I believe resale is the best way. The developer advantages just do not justify the price difference
     
  4. Rolltydr

    Rolltydr TUG Member

    Joined:
    Jul 30, 2019
    Messages:
    158
    Likes Received:
    136
    Trophy Points:
    94
    Resorts Owned:
    CWA
    Welcome to TUG! I can only speak for me and my family but owning a Wyndham timeshare is definitely worth it for us. We initially bought developer points from Wyndham that got us to VIP Silver. We are currently in the process of buying a couple of resale contracts that will give us a total of 779k points. Only once have I had a problem getting a reservation and that was my fault. I wanted to go to the beach on short notice in spring and nothing was available. Otherwise, I’ve always gotten the location I wanted but not always the preferred room type. Still, every room I’ve had at a timeshare has been better than a hotel room.

    As chapjim said, spend the 15 bucks to join TUG so you have access to the entire site. That’s how I found the 2 contracts (329k points) I’m currently purchasing. All I’m having to pay is the closing costs ($150), and Wyndham’s transfer fee ($299 per contract). You can also find great rental opportunities on TUG if you can travel on short notice. That would be an inexpensive way for you to explore timeshares and find which company and locations are right for your situation. Good luck!


    Sent from my iPad using Tapatalk
     
  5. montygz

    montygz TUG Member

    Joined:
    Feb 27, 2012
    Messages:
    177
    Likes Received:
    100
    Trophy Points:
    153
    Timesharing can be worth it if you like the accommodations and put in the research to learn how to get best value out of them. As others have said, renting is an excellent way to find out if you like the accommodations. Then you can study the pros and cons of the various timeshare systems to see if they fit your needs. You may find its better off to keep renting or use VRBO or airbnb. Many of these online tools weren't around when all these timeshares got started.

    Take your time and learn, because if you don't you'll likely be disappointed.
     
  6. geist1223

    geist1223 Guest

    Joined:
    May 20, 2015
    Messages:
    2,304
    Likes Received:
    1,685
    Trophy Points:
    174
    Location:
    Salem Oregon
    Resorts Owned:
    Worldmark 89,000
    Seaside Oregon Residence Club
    Diamond Resorts Intermnational Hawaiian Collection 50,000
    Royal Solaris San Jose del Cavo
    There is a Questionnaire on New To Time Sharing to help you sort your thought process. The only downside to the Questionnaire is that it focuses on week ownership. So it does not help that much for a true Point/Credit timeshare where there is no Home Resort. But you do have to plan and Book 12 to 13 months in advance.
     
  7. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    What was the price of your rescinded timeshare. Generally, you book up to 10 months in advance. The people that can’t book don’t do it 10 months in advance. I have 381k Wyndham points, all bought for $200.
     
  8. presley

    presley TUG Review Crew: Expert TUG Member

    Joined:
    Aug 20, 2011
    Messages:
    5,691
    Likes Received:
    381
    Trophy Points:
    268
    I wouldn't buy right away. I suggest renting timeshares for a while to see if you really want to own one. There are some limitations within owning timeshares. It sounds like you enjoy traveling quite a bit. You may decide later that you do want one, but travel preferences change over time. And don't buy one with your girlfriend and have both names on anything. That will be a big pain later on. Only put it in the name of whoever wants to be stuck with it and responsible or payments for it.
     
  9. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    Thank you for the welcome! Wow. So 329k points, and all you're paying is $150 + $299? No monthly fee thereafter? You're paying maintenance right?
     
    Grammarhero likes this.
  10. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    So $200 for 381k points? No monthly fee thereafter, or maintenance?
     
    Grammarhero likes this.
  11. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    5000 points, $15,000 total, with $3009 downpayment, $217 a month, and $135 quarterly for maintenance fees.
     
    Grammarhero likes this.
  12. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    $200, but MF ranging from $5.3/1k (Grand Desert) to $6.6/1k (Ocean Walk).
     
    Last edited: Sep 19, 2019
  13. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    All TS have MF afterwards. Your rescinded TS had MF afterwards too. If they told you otherwise, they were lying.
     
  14. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    Was this 5k WorldMark points, or 50k Wyndham points? Honestly, doesn't seem like you got a low price. For most TS, there are three people selling: salesperson, sales supervisor, and closer. If you deny one, you move onto another.

    Salesperson usually sells for $15k-$20k. Sales supervisor sells for $8k-10k. Closer sells for $4k-$5k. You didn't even reach the sales supervisor stage.
     
    Last edited: Sep 19, 2019
  15. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    The MF was $135 quarterly. I was just asking what your monthly costs were because you had mentioned 381k points for $200, so I was wondering what other costs there would be after that $200.
     
    Grammarhero likes this.
  16. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    so 5300-1000 dollars in maintenance fees? Seems like a lot? But what do I know :)
     
    Grammarhero likes this.
  17. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    My MF for 381k pts is $199/month including program fee.
     
  18. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    These are yearly MF split into 12 months. My MF for 381k points are $2,392 for the entire year or $199/month. Lower MF means pricier sales contracts. I attached a good chart for you.
     

    Attached Files:

  19. TimeShareCareBear

    TimeShareCareBear Guest

    Joined:
    Sep 18, 2019
    Messages:
    7
    Likes Received:
    7
    Trophy Points:
    3
    It was WorldMark by Wyndham - we did reach the sales supervisor, but apparently the price wasn't sales supervisor status lol
     
    Grammarhero likes this.
  20. K2Quick

    K2Quick TUG Member

    Joined:
    Mar 30, 2009
    Messages:
    867
    Likes Received:
    87
    Trophy Points:
    238
    Location:
    Salt Lake City, UT
    For less than the amount of your down-payment, you can get a 10,000 point Worldmark membership. Those contracts are readily posted for sale here:

    https://wmowners.com/forum/viewforum.php?f=71

    If you live in the west, Worldmark is a really nice system. It's the one I'm in. There are many systems, though, and it pays to take time to research what is the best fit for you before you take the plunge. For many, buying a timeshare is a horrible idea and they shouldn't do it. My advice is to post the answers to the survey questions in this forum:

    https://tugbbs.com/forums/index.php?forums/new-to-timesharing-look-here.17/

    It's a really good way to figure out what might or might not make sense for you.
     
  21. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    WorldMark and Wyndham are two different timeshares. WorldMark is more expensive and has some (but not great) resale value. 5k WorldMark points can sell $1.7k resale. Don’t buy, but this is an example. https://www.ebay.com/sch/i.html?_from=R40&_nkw=worldmark&LH_BIN=1&_sop=15
     
  22. Grammarhero

    Grammarhero Official TUGBBS Rescission Master TUG Member

    Joined:
    Jun 9, 2019
    Messages:
    1,178
    Likes Received:
    566
    Trophy Points:
    163
    Location:
    Washington, DC Area
    Resorts Owned:
    Wyndham, EY 434k pts
    Williamsburg Plant, EY 4L/4
    DRI South Bend, EY 1/1

    Been to:
    Intl: Aruba, Aus, Bah, China, Jpn, HK, Macau, Mex
    US: AZ, CA, DC, DE, IL, IN, KY, MD, NC, NJ, NV, NY, OH, OR, PA, SC, TN, TX, VA, WA, WV
    Actually, since you mentioned it was WorldMark, that makes a huge difference. For WorldMark, salesperson is $25k-$30k. Salesperson is $13k-$15k Closer is $7k-$8k.
     
  23. taterhed

    taterhed TUG Member

    Joined:
    Sep 28, 2011
    Messages:
    4,452
    Likes Received:
    1,771
    Trophy Points:
    298
    Location:
    Virginia
    Resorts Owned:
    Westin WKORV OFD
    Marriott's Grande Vista
    Worldmark x2
    Can we please slow down for just one minute???

    A few points:
    • Timeshares are great for some people.
      • They force (encourage) you to take vacations, make plans and spend time with family friends every year (or eoy etc...). That or loose your value/investment (sic).
      • They (usually) have much more room, more amenities (washer/dryer, kitchen etc...) and a very 'known' quality.
      • They usually have the opportunity to 'exchange' via an internet exchange service (Interval, RCI etc...) and may have multiple properties in an internal exchange (points ownership vs floating points or weeks...)
      • They may offer a very good value--depending on the way you use your ownership (season, size, number of days etc...)
    • Timeshares are not great for some people.
      • They are a luxury
      • They shouldn't be financed
      • They demand attention and use. Don't buy if you can't take time to use....and can't take time to plan
      • Think of them like a baby: they require 'care and feeding' and you can't just 'give it away' when you tire off it. They are a long(er) term ownership item
      • Some have value ($$). Some do not. Some are easy to sell/give-away. Many are NOT.
    Now....my advice.

    Run the 'what to buy' survey posted in the link above (nice job @K2Quick) It will help you get advice on what might be best for you
    Don't rush. This is easy to get into (trouble) and hard to get out of (if you make a bad/rushed decision).

    As to the comments above:

    I own two Worldmark contracts. I love them.

    • Affordable--one of the best 'value' ownerships I know of: low purchase price, affordable MF's, easy to resale, amazing bargains for the bargain-hunter on exchanges.
    • Quick to buy/sell: Always contracts available to buy. Knowing WHICH contract to buy is the key. Easy to sell. Knowing how to price them and when is the key.
    • Better for exchangers or west-coasters: Limited east-coast options except for exchangers. Do you really want to buy a trader? Or are you looking for something close to home?

    A comment was made above concerning resale of Wyndham vs Worldmark: you can find LOTS of free/near free Wyndham contracts. Depends on the contract.
    • There are 5 (five) free offers for Wyndham contracts in the Free Timeshare Giveaways and Bargain Deals section of this forum in the last 3 mos. Dozens more in the last 6 mos.
    • There are NO (zero) free Worldmark contracts. That's because they have value.
    • Don't believe everything you read on the internet

    Worldmark is a great ownership, but it might not be right for you.
    Wyndham is a great ownership....but not might be right for you.
    Marriott legacy weeks....
    Westin Kaanapali....
    etc....
    Run the survey.
     
    Grammarhero likes this.
  24. Jan M.

    Jan M. TUG Member

    Joined:
    Jun 17, 2010
    Messages:
    2,491
    Likes Received:
    2,344
    Trophy Points:
    323
    Location:
    Tamarac, FL
    Resorts Owned:
    Wyndham Presidential Reserve at Panama City Beach
    RCI Grandview Las Vegas and Discovery Beach
    Wyndham maintenance fee payments are monthly but I have heard of a few people who pay theirs annually. I'm guessing those people might have converted fixed weeks or fixed weeks. Wyndham doesn't sell fixed weeks but there are still some some people who have fixed weeks and you can pick them up resale. I've seen more fixed weeks for sale at the resorts in Hawaii than anywhere else.

    As to reading negative remarks, there are several reasons for them.

    Typically those people simply didn't buy enough points to be able to do much with them. To make matters worse many spent the big bucks to buy developer and didn't know about resale. Many of us have been where they are and it isn't a happy moment when you realize that not only did you spend way too much but you still don't have enough points to do all that much. Instead of moving on and finding a solution they choose to be bitter and gripe about it every chance they get. Many people here on TUG found the solution and accept that although they paid through the nose for their first purchase it brought them into the Wyndham system and they learned from there. I liken it to paying for an Ivy league degree in a field where a community college degree gets you the same job and promotions. Live and learn.

    You needed to look at where and when you know you would like to go in the next couple of years and see how many points you will need to do that. Many people are extremely picky about their accommodations for their vacations. Only the best of the best will do for them. I see this over and over in the Facebook groups. They only want the newest resorts and ones that offer the most amenities. Many of us here on TUG know how to get the most out of our points. And many of us have some of the older resorts that we particularly like. When a new resort comes into the system it comes in with it's own point chart and it remains the same. If a resort were to add more units of a different type they could do that but the rest of the chart remains unchanged. New resorts are always more points to book than resorts that have been in the system longer or the longest.

    I'll use Bonnet Creek, Star Island and Cypress Palms to start with for my examples of how many owners maximize the number of points they own. We like Star Island and have a friend who likes Cypress Palms. We both sometimes stay at Bonnet Creek but try to only stay in the lower point seasons and Sunday-Thursday night stays as Friday and Saturday night stays are more points at all the resorts. When you look at the point charts pay attention to how the weeks for Prime, High and Value aren't the same at all resorts. Say I was planning a trip to Orlando and wanted to go when I could make my points stretch but I also wanted to go when it was cold where I lived. I might look at weeks 9 and 10 which for 2020 are roughly the last week of February and the first week of March. And I want a two bedroom unit. For Bonnet Creek I would need 448,000 points, for Star Island and Cypress Palms only 308,000 points.

    Next I start looking at what I could do with that 140,000 points I saved by not staying at Bonnet Creek. I've wanted to stay at the Smoky Mountain resort and I see that week 20, the week ending in Memorial Day weekend, is the last week of high season. Or the high season for Westwinds in Myrtle Beach goes clear through week 22 so I could stay the week of Memorial Day or the week after. We've stayed at Westwinds before and haven't been to Myrtle Beach in a few years so either one will be good. I know the weather will be nice so I'm in and start working on making my decision about which resort we should pick.

    For the week at Smoky Mountains I will be short 8,000 points and for any one of the 3 weeks I'm considering at Westwinds I will be short 14,000 points if I want a two bedroom again. In the standard booking window 10-3 months prior to check in I can rent the points I'm short since I only need a portion of the points for the last night's stay. That is the restriction on renting points in the standard booking window. I will pay $12 per thousand for those points so $96-$168 for the additional points depending on which resort I select. If I wait until the express booking window, three months or less, to book that week I can borrow points from my next use year which costs me nothing. I go ahead and book my reservation for whichever resort I've decided upon for my third week of vacation time and rent the points. When it gets down to the 3 month express window I see there is still availability so I cancel the reservation for that week and am refunded what I paid to rent the points. You can cancel a reservation up until 15 full days before the day it starts and get all your points back. Or you can pay $49 for reservations up to 200,000 points, $69 for reservations up to 300,000 points and $99 for reservations over 300,000 points to protect your points and be able to cancel until the day of check in and get all your points back. Points protection can be purchased at any time before the 15 day window to cancel the reservation. Anyhow, I still have a free reservation transaction left so I'm not paying $19 to waste one by cancelling my original reservation and booking another reservation to be able to borrow points from my next use year instead of having to pay to rent them.

    Bonnet Creek
    [​IMG]

    Star Island
    [​IMG]

    Cypress Palms
    [​IMG]

    Smoky Mountains
    [​IMG]

    Westwinds
    [​IMG]

    [​IMG]

    I've seen people say that they want to keep their maintenance fees under $100 a month or not too much over that. Then they get Club Wyndham Access points or points at a resort with high maintenance fees because if they bought resale it was cheap or someone was giving it away. If you only have resale points your program fee is either $0.58 per thousand points or a minimum of $135 a year. So you would need to own a total of 233,000 points to be over the minimum program fee. But they could have learned a little more before they bought and got something with lower maintenance fees. Unless they needed the advantage that owning at a specific resort would give them. You get ARP, Advance Reservation Priority, at your home resort. Meaning you can book it at 13 months and other people can book it at 10 months. Club Wyndham Access points aren't deeded, instead you have a contract with Wyndham that gives you the use of x number of points a year. But that gives you access to inventory and resorts that are in CWA at 13 months. If you don't need the larger units, only studios, one or two bedroom units, and you aren't trying to book a high demand week like the week between Christmas and New Years you can usually find what you're looking for at 10 months or less. For some people it makes the best financial sense to own where maintenance fees are lower. For others who have very specific needs about when and where they will want to go, and maybe having a larger unit too, then it may be worth it to them to pay higher maintenance fees to make sure they get what they want.

    Example 1: Say you had 154,000 Club Wyndham Access points. The current maintenance fees on CWA are $5.99 so you would pay $922.46 a year and because you didn't have enough points to be over the minimum program fee that would be $135 which brings the total up to 1057.46 or $88.12 a month. Or you had 224,000 CWA points so with the program fee that would be $1476.76 a year or $123.06 a month.

    Example 2: Or instead you could have bought points at Grand Desert. I use this resort a lot in my examples because while it doesn't have the very lowest maintenance fees it does have maintenance fees in lower range and you can usually find good deals on resale points for Grand Desert. Buildings 1 and 2 pay $4.73 and building 3 pays $4.82 plus the program fee. So in buildings 1 or 2, if you owned 308,000 points which is more than enough to get you over the minimum program fee it would cost you $1635.48 or $136.29 a month.

    You may be wondering why I used 154, 224k and 308k points in my examples. Wyndham does sell points in other increments but increments of 77k points are the most common. You get one free reservation transaction fee for every 77k points you own. They are $19 each if you don't have any free ones left and that is the price if you book online. It is more if you call in and have a vacation counselor, VC, do it for you.
     
    Last edited: Sep 19, 2019
    TheHolleys87 and Grammarhero like this.
  25. Rolltydr

    Rolltydr TUG Member

    Joined:
    Jul 30, 2019
    Messages:
    158
    Likes Received:
    136
    Trophy Points:
    94
    Resorts Owned:
    CWA
    Oh, sure there are mf’s but those would be the same regardless of whether you buy developer or resale. My intent was to show how cheaply you can purchase a timeshare here on TUG. After this purchase is complete, my mf’s will be somewhere in the neighborhood of $450/month. I anticipate averaging 35-40 nights a year in units that would rent for as much as $250/night or more depending on when and where we travel. Our timeshare is strictly for us to travel. We don’t rent any points so we aren’t looking to make money nor are we concerned about if/when we break even on our investment. We bought it expressly for our enjoyment.
     
    Grammarhero likes this.

Share This Page