Guitarmom
Guest
Went to an owner's update at Welk yesterday. Bottom line: we bit. I feel like we did the right thing, and yet we violated the guiding principal of "Never Buy From the Developer." I'm interested in your thoughts.
Background: We have a lot of family in Escondido, so over time we bought different contracts on the resale market. We had 240,000 Platinum Points, one fixed week (Thanksgiving week), and a two bedroom lock-off at Villas on the Green. Nine times out of ten, we went to Welk in Escondido for any vacation.
Welk offered to combine those three contracts into 780,000 Platinum Points for well under $10,000. Doing this gave us a reduction of about $1,000/year in maintenance fees, so we will break even in less than ten years and will continue to have reduced costs after that. Our feeling was, let's spend the money now while we're both working so that we can have lower costs when we retire.
Couple that with a lot of perks, like extended reservation windows, extended time to make a reservation if we've rolled points into the next year, reduced point usage if we make a reservation less than 45 days ahead, and a free week banked into RCI every year upon request—all of which we will use—and we feel like we won the lottery. We simply cannot believe we got all this and will break even in less than a decade.
We're still in the window of time when we can rescind. So tell me, do you think this sounds like a moment of weakness or a good deal?
Background: We have a lot of family in Escondido, so over time we bought different contracts on the resale market. We had 240,000 Platinum Points, one fixed week (Thanksgiving week), and a two bedroom lock-off at Villas on the Green. Nine times out of ten, we went to Welk in Escondido for any vacation.
Welk offered to combine those three contracts into 780,000 Platinum Points for well under $10,000. Doing this gave us a reduction of about $1,000/year in maintenance fees, so we will break even in less than ten years and will continue to have reduced costs after that. Our feeling was, let's spend the money now while we're both working so that we can have lower costs when we retire.
Couple that with a lot of perks, like extended reservation windows, extended time to make a reservation if we've rolled points into the next year, reduced point usage if we make a reservation less than 45 days ahead, and a free week banked into RCI every year upon request—all of which we will use—and we feel like we won the lottery. We simply cannot believe we got all this and will break even in less than a decade.
We're still in the window of time when we can rescind. So tell me, do you think this sounds like a moment of weakness or a good deal?
