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

Secondary Market points restrictions?

Discussion in 'Marriott Vacation Club' started by ChrisSteele, Apr 18, 2019.

  1. ChrisSteele

    ChrisSteele Guest

    Joined:
    Apr 18, 2019
    Messages:
    4
    Likes Received:
    1
    Trophy Points:
    3
    I recently (April 2019) sat through a presentation at a MVC with some family who already owns a few weeks and some points through. I am interested but as an outsider to timeshares and a skeptic I had a lot of questions, particularly about purchase of points off the secondary market.

    The sales rep stated that if you purchase points off the secondary market you are not eligible to book 12 months in advance, regardless of the number of points you have. You were restricted to booking no more than 30 days out which, in my situation, makes those points basically worthless.

    I am only hearing that from this one sales rep and I can't locate that information in anywhere in my research so I figured I'd turn to the experts.

    Can anyone confirm that information?

    Thank you
     
  2. GregT

    GregT TUG Member TUG Member

    Joined:
    Jul 19, 2007
    Messages:
    6,384
    Likes Received:
    723
    Trophy Points:
    399
    Location:
    Carlsbad, CA
    Resorts Owned:
    Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, DC Points HGVC: HHV Lagoon, Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, Aulani, Worldmark
    Hello Chris,

    When you purchase points on the secondary market, they are not restricted. You will be able to utilize them 12 months out. There are other restrictions (like the length of stay) but they are not impacted by a Direct purchase or a Resale purchase. If you do buy resale points, make sure you have enough to be able to effectively use the system (or that you are comfortable renting what is needed from a third party).

    Good luck!

    Best,

    Greg
     
  3. Fasttr

    Fasttr TUG Member

    Joined:
    Jun 26, 2013
    Messages:
    3,891
    Likes Received:
    882
    Trophy Points:
    248
    Location:
    Connecticut
    Resorts Owned:
    Marriott's Grande Ocean
    MVC Trust Points
    They would be restricted to only making reservations within 60 days of check in if you did not pay MVC the $3 per point to remove the restriction.
     
  4. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,374
    Likes Received:
    2,025
    Trophy Points:
    449
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    The sales reps use this "the points are restricted to 30/60 days" as a way to counter the "buy resale" argument. And they are technically correct, in that the program Terms and Conditions do specifically state this fact. However, what they don't tell you is what the next sentence/phrase in the Terms and Conditions says - that the usage restriction can be removed by paying Marriott Vacation Club a $3/point "activation fee". Paying the fee removes the restriction and everyone who owns resale points on TUG seems to have found the points function then like any other points. So, as an example, if you strike a deal for 4000 resale points at $4/point, you pay the Seller $16,000. As part of closing, you then pay Marriott and additional $12,000. So your total cost is $28,000 ($7/point), but that is still much below the price Marriott charges.
     
    taffy19 and VacationForever like this.
  5. alchook

    alchook TUG Member

    Joined:
    May 31, 2008
    Messages:
    223
    Likes Received:
    11
    Trophy Points:
    228
    It would have been interesting to hear what the rep said if you were to have asked, "So why would I buy points from you if they're basically worthless on the resale market?"
     
    CalGalTraveler and Fasttr like this.
  6. jeepie

    jeepie TUG Member

    Joined:
    Mar 14, 2013
    Messages:
    440
    Likes Received:
    40
    Trophy Points:
    138
    Location:
    Silicon Valley
    Well stated, JIMinNC. Prospective buyers may want to compare and contrast that with buying a “bundle” of a week through Marriott, which they will allow to be enrolled with the purchase of a certain number of points. It is possible to bring the cost down to about the same price per point, especially when one considers the extra perks of earning MR (ahem, BonVoy) bonus points, PlusPoints, and Marriott or Sapphire Reserve credit card earnings. Ymmv. Cheers.
     
  7. ChrisSteele

    ChrisSteele Guest

    Joined:
    Apr 18, 2019
    Messages:
    4
    Likes Received:
    1
    Trophy Points:
    3
    Awesome. Thank you for the info.

    The “deal” the rep was pushing involved mixing a legacy week and points.

    Total can out to just shy of $8/point.
     
  8. ChrisSteele

    ChrisSteele Guest

    Joined:
    Apr 18, 2019
    Messages:
    4
    Likes Received:
    1
    Trophy Points:
    3
    He got a bit defensive when I brought up the secondary market option and the tone of the pitch definitely changed. Not a bad guy but a salesman, for sure.

    Still on the fence about moving forward with the purchase.
     
  9. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,374
    Likes Received:
    2,025
    Trophy Points:
    449
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott:
    Maui Ocean Club
    Waiohai Beach Club
    Barony Beach Club
    Destination Club Trust
    HGVC:
    HGVC at Sea World
    As jeepie said above, these deals that mix a legacy week with matching points are about the best deals going for direct Marriott purchases. Often the blended price per point comes out to not all that much more than what you would pay with a pure resale points purchase. The advantage is you get a usable week, plus some points, plus the option to convert the week to points. If the week is something you might want to use at least part if the time, a hybrid deal like that can be the best path of entry into the MVC Points system. That was the kind of deal we used for our initial buy-in to Marriott Vacation Club in 2014. Back then, our net cost was around $7/point, but that was when the base, non-discounted MVC point price was about $12/point. Now that non-discounted price is over $14/point, so it will be hard to net out in the $7 range like was possible 5 years ago.
     
  10. jeepie

    jeepie TUG Member

    Joined:
    Mar 14, 2013
    Messages:
    440
    Likes Received:
    40
    Trophy Points:
    138
    Location:
    Silicon Valley
    Hard but doable...
    Oh, forgot to mention that the MFs can be quite a bit lower. On one of the bundles I have purchased, the overall MFs work out to be in the low 40 cent range iirc. This was a week 51 at Timber Lodge, MFs around $1300 for over 6200 pts. Cheers.
     

Share This Page