Presentation today. Need help with questions

[Tdawg33]

How much total are you paying? For how many Abound points? What are the MF's?

1500 points for $18,035 (with our return encore pricing and deducting some other costs of current stay and next trip)
Deducting value for interval 2bdrm week and 6,000 plus points.

 

[Tdawg33]

Exactly. And why even buy the points at all and pay 81 cents in maintenance fees when you can rent them for less.

Good question. We rented points (for the first time) to get on our current stay and that is when they told us that we needed trust points at some point to get access to both pools of inventory and not just the inventory from our enrolled deeded weeks.

They also pitched the increase in status as a benefit as well.

We told them we were just going to buy off of the secondary market and they told us they would give us a 90 day right of rescission to see if we can get it to go through.

 

[rickandcindy23]

We pay $7,000 in MF's for around 17,660 Abound points. I cannot see my account to check the number.

 

[rickandcindy23]

What status? It's not enough to get you any status.

 

[Tdawg33]

What status? It's not enough to get you any status.

Adding our enrolled deeded weeks at ncv and mgc it increases our status

 

[Dean]

I hadn’t considered discounting them in half.

The MOST I would value them would be the least you could rent points for.

 

[TolmiePeak]

Adding our enrolled deeded weeks at ncv and mgc it increases our status

The value of the status is worth far less than what you pay to attain the status.

 

[TolmiePeak]

Good question. We rented points (for the first time) to get on our current stay and that is when they told us that we needed trust points at some point to get access to both pools of inventory and not just the inventory from our enrolled deeded weeks.

Have you verified that is actually true? You realize 90% of what they say is lies.

 

[jme]

1500 points for $18,035 (with our return encore pricing and deducting some other costs of current stay and next trip)
Deducting value for interval 2bdrm week and 6,000 plus points.

Bottom line, 1500 points won't get you much !!!!!!!!!!!!!
(Read that line again.)
And I can prove it, and I now want YOU to prove it to yourself before making a mistake.......

(But quickly a soliloquy.....back to your offer, and I can't go on without saying......"the price of $18,035? ..... Ridiculous!")

So, throw out the extra incentives that go along with the "deal" --- they evaporate fast and then they're gone and remain non-repeatable.
(sage advice from a guy who watches a lot of Westerns: "Always beware of the 'dealer', and watch what cards are coming off the bottom.")

And soon the maintenance fees will begin to kick in annually, and what you RECEIVE for all that will make the blood run out of your face when you begin to see.
Somehow, go to the MVC website > then Resources > Helpful Tools > Points Calculator and then enter a few hypothetical trips.
Start with highly desired destinations and seasons from your yearnings, and include length of stays.
Write down the number of points required.

What you'll find will blow you away!
By comparison, what you'll end up getting is far less in resorts, seasons, and # of nights stays than you think.... far, far less!

>>>>>>> For 1500 points you'll only be able to stay during shoulder season and off-season in decent resorts, and if you want a "great resort in a high season",
you'll find out to your chagrin that you'll only be able to stay 3-4 nights with 1500 points.

Potential buyers of points NEVER go through this most critical exercise, when it's the ONLY exercise that literally shows you what you get EXACTLY.
Love is blind sometimes, and your lofty dreams can cloud your perception, so you ignore the cold hard facts and assume what you've been told is true,
but later you find out the reality....that you were not told the WHOLE truth.

So, where do you go from here?
If you have $18,000 to spend, that can buy you 2-3 really strong and really fantastic resale deeded WEEKS in places you want to visit repeatedly,
which you can utilize to great advantage. Or rent them out, or trade them thru Interval. Still many better options.
And if you are enchanted with the thought of the POINTS concept, then RENT the points as needed for other trips....
And renting the points eliminates entirely (LISTEN) the shelling out of a huge up-front payment, and ANY recurring maintenance fees.
You incur simply the cost of the points rental....and rest assured, you can use those just as you could use the purchased points from Marriott.
MANY Marriott owners, especially savvy TUG members who know the game, rent points safely and easily, every year.

Best of luck,and Welcome......it's a lot of info to digest...so please rely on the GREAT collective knowledge of this outlet called TUG.
It's the most amazing "Study Club" you'll find anywhere on Travel.
It's officially called Timeshare User's Group, but I like to refer to it a "Truth Under Glass" !


[[[ Note: to explain my last line of the post, ie, the phrase "Truth Under Glass"-----
It is an allusion to the old-fashioned saying of having the ULTIMATE meal of the rich and sophisticated, or educated, and it was called "Pheasant Under Glass".
(It was often used as a joke, however, by the non-privileged as, "So, what were you expecting, pheasant under glass?")
Here's an AI explanation of the version reserved for the privileged: "Pheasant under glass" refers to a fancy, high-end dish of roast pheasant
served under a glass dome, often in an expensive restaurant or in a celebratory banquet hall. It's a dish associated with luxury and fine dining.
The term "pheasant under glass" signifies more than just a meal; it represents a level of culinary extravagance and sophistication.
The glass dome serves to trap the aroma of the dish, enhancing the dining experience."
So, the phrase "Truth Under Glass" is of my own invention, and represents the ultimate TRUTH (as derived from the collective acquired knowledge of all TUG members
who are present and willing to share very valuable information, to the good of the one who is to be consuming that truth or information.
Use that lofty "dish" offered and laid before you here on this site to forge the best decision for yourself, knowing it IS the best available.]]]

 

[davidvel]

Adding our enrolled deeded weeks at ncv and mgc it increases our status

You are paying $18,000 for status? What are you gaining through that status? You already can rent as many points as you would ever want. Why would you every pay upfront to buy them? Sounds like you just have too much money you are trying to offload.

 

[davidvel]

Good question. We rented points (for the first time) to get on our current stay and that is when they told us that we needed trust points at some point to get access to both pools of inventory and not just the inventory from our enrolled deeded weeks.

They also pitched the increase in status as a benefit as well.

We told them we were just going to buy off of the secondary market and they told us they would give us a 90 day right of rescission to see if we can get it to go through.

So did they also tell you that if you buy trust points, you will have no access to all the enrolled weeks that get deposited (because that is in the other bucket)? Because that is what they are saying. Lots of the best weeks are not owned by the trust and only available if someone elects their enrolled week for points.

 

[Tdawg33]

So did they also tell you that if you buy trust points, you will have no access to all the enrolled weeks that get deposited (because that is in the other bucket)? Because that is what they are saying. Lots of the best weeks are not owned by the trust and only available if someone elects their enrolled week for points.

Great point, and no they did not.

 

[davidvel]

Great point, and no they did not.

That is because there is an exchange system between the two layers. Each side basically has access to the other. The funny thing is that if I had my druthers, I'd rather only have access to elected weeks vs. trust inventory. The trust is loaded with a lot of crappy weeks.

So if the salesperson said "all we would have access to is the inventory from deeded weeks and not trust inventory," I would respond, "That is great because elected weeks inventory is better."

 

[Tdawg33]

You are paying $18,000 for status? What are you gaining through that status? You already can rent as many points as you would ever want. Why would you ever pay upfront to buy them? Sounds like you just have too much money you are trying to offload.

Man, I feel dumb. So our enrolled deeded weeks, if we elect for DP will get the same access to all of the new properties that are coming online as well anyway and there is no need to buy trust points to get that access?

The points we rented for this stay, the seller didn’t mention if they were enrolled deeded points or trust points they just worked. So I didn’t care!

We honestly said no to “them” (and by them 3 different people, two different closers) as many ways as I could think of and they kept coming back with more and more incentives($8k+). I had thought previously at some point I may buy points on the secondary market so if they could get to that $7/point price, why not, assuming they wouldn’t get to that point. I believed that the reasoning to do this was the access and status they had pitched were absolutely necessary to achieve the desired results.

 

[TheTimeTraveler]

Man, I feel dumb. So our enrolled deeded weeks, if we elect for DP will get the same access to all of the new properties that are coming online as well anyway and there is no need to buy trust points to get that access?

The points we rented for this stay, the seller didn’t mention if they were enrolled deeded points or trust points they just worked. So I didn’t care!

We honestly said no to “them” (and by them 3 different people, two different closers) as many ways as I could think of and they kept coming back with more and more incentives($8k+). I had thought previously at some point I may buy points on the secondary market so if they could get to that $7/point price, why not, assuming they wouldn’t get to that point. I believed that the reasoning to do this was the access and status they had pitched were absolutely necessary to achieve the desired results.

Knowledge is King. I hope you elect to become a member of TUG today. Now is the time to do it.

Click on the "Join TUG" at the top of this page and then click on "Join TUG". It will be the best $15 you ever spend!











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[davidvel]

Man, I feel dumb. So our enrolled deeded weeks, if we elect for DP will get the same access to all of the new properties that are coming online as well anyway and there is no need to buy trust points to get that access?

The points we rented for this stay, the seller didn’t mention if they were enrolled deeded points or trust points they just worked. So I didn’t care!

We honestly said no to “them” (and by them 3 different people, two different closers) as many ways as I could think of and they kept coming back with more and more incentives($8k+). I had thought previously at some point I may buy points on the secondary market so if they could get to that $7/point price, why not, assuming they wouldn’t get to that point. I believed that the reasoning to do this was the access and status they had pitched were absolutely necessary to achieve the desired results.

Did you actually buy? Do you still have time to rescind if so?

 

[Tdawg33]

Knowledge is King. I hope you elect to become a member of TUG today. Now is the time to do it.

Click on the "Join TUG" at the top of this page and then click on "Join TUG". It will be the best $15 you ever spend!











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I just signed up. Thank you to all who have responded. This community is so helpful!

 

[Tdawg33]

Did you actually buy? Do you still have time to rescind if so?

We signed. The closing agent told us if we signed he would give us a 90 day rescission addendum because he didn’t think we could get past ROFR with a secondary point purchase. He said if you get through or if we need to cancel for any other reason we have 90 days.

 

[billymach4]

We signed. The closing agent told us if we signed he would give us a 90 day rescission addendum because he didn’t think we could get past ROFR with a secondary point purchase. He said if you get through or if we need to cancel for any other reason we have 90 days.

Dawg you best get a letter in the Mail Monday morning. No such thing as a 90 day rescission.

 

[Tdawg33]

Dawg you best get a letter in the Mail Monday morning. No such thing as a 90 day rescission.

I hear you, but I have a signed copy of an addendum clearing stating we have an extension on recision until Nov 18th. We signed on Friday evening.

 

[Dean]

I hear you, but I have a signed copy of an addendum clearing stating we have an extension on recision until Nov 18th. We signed on Friday evening.

It might or might not be valid. I'd get the letter in the mail following the terms of the contract.

 

[billymach4]

I hear you, but I have a signed copy of an addendum clearing stating we have an extension on recision until Nov 18th. We signed on Friday evening.

Well I don'tthink that has ever been mentioned. If you are having any second thoughts whatsoever just rescind. In 6 months to a year the same deal will be available if you so choose to buy in again.

The other Marriott Afficionados here can also share their opinion on a so called 90 day recission. Over 19 years here on TUG and I have never heard of a 90 recission. Max 10 days.

 

[TheTimeTraveler]

We signed. The closing agent told us if we signed he would give us a 90 day rescission addendum because he didn’t think we could get past ROFR with a secondary point purchase. He said if you get through or if we need to cancel for any other reason we have 90 days.

I am going to go out on a limb here and tell you they will NOT honor a ninety day rescission, and if they do, you will need to go through a ton of hoops, delays, paperwork requirements, a possible lawyer, and a possible court date.

Bottom line? It ain't worth it.

Rescind Monday while you still can under State Timeshare rescission laws and you are guaranteed to get your money back within 45 days with little effort and NO FIGHTING FOR IT.

This is a really good reason to sign up and become a TUG member so you will be able to make good informed decisions.












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[davidvel]

I hear you, but I have a signed copy of an addendum clearing stating we have an extension on recision until Nov 18th. We signed on Friday evening.

At this point, with your prayer hands, and your other comments, I am sincerely hoping you are trolling us. If in fact you paid $18,000 for this and are being so non chalant, you may deserve what you get.

You previously said "After we told them we were just going to buy resale as the $ after incentives was close but was still off , they said they would give us a 90 day right of recession so that we can try and pass the ROFR and if we pass we can cancel."

So they told you after you paid $18,000 to them, they gave you the right to go and buy resale points for only $9,000, and if that passed, then you could rescind? Have you bought those? Did they pass? Nothing is adding up here.

You are so deep in their hole of lies it is incredible. What do you do for a living? Would you do this type of deal in your job, or for buying a car or home?

Why don't you post the ADDENDUM TO CONTRACT FOR PURCHASE with personal info redacted.

 

[Tdawg33]

At this point, with your prayer hands, and your other comments, I am sincerely hoping you are trolling us. If in fact you paid $18,000 for this and are being so non chalant, you may deserve what you get.

You previously said "After we told them we were just going to buy resale as the $ after incentives was close but was still off , they said they would give us a 90 day right of recession so that we can try and pass the ROFR and if we pass we can cancel."

So they told you after you paid $18,000 to them, they gave you the right to go and buy resale points for only $9,000, and if that passed, then you could rescind? Have you bought those? Did they pass? Nothing is adding up here.

You are so deep in their hole of lies it is incredible. What do you do for a living? Would you do this type of deal in your job, or for buying a car or home?

Why don't you post the ADDENDUM TO CONTRACT FOR PURCHASE with personal info redacted.

We put down $253.00. That is all we have paid currently. Here is the addendum. I wasn’t going to do the deal and told them we would just buy points on the secondary market. They then told us if you sign today we will give you 90 day rescission basically saying no risk to you. They invited us to go and try to buy the points on the secondary market and if they passed the RoFR we could just cancel the contract with Marriott. Again, they said they have only seen one buyer come in who has had a points purchase pass on the secondary market.