Just bought Nanea and having remorse
Hi, first, this is my first vacation ownership purchase. I'm an avid SPG user,
Familiar with points, use Amex SPG, and get gold status free with Amex platinum.
So we came down to Westin Maui Hotel, got the pitch and bought yesterday. 2br OF $77,000 which equates 177,000 Star Options for 1 week. This is a deeded property and they gave us 3 star elite status because we hit 177,000 options. The maintenance fee is $3,200 per year. If we cashed in the Star Options for SPG points it's about 95,000. As for perks, they initially gave us 120,000 SPG points but I negotiated up to 160,000. Then they also give gold for life, I negotiated for a resort credit, and they include the ability to buy 90k points for $1900 4 times before December 1 2017.
Now, I'm having major remorse. I'm pretty good at racking up points because I travel for work and stay at SPG and can use my SPG Amex card. I'm having a hard time with paying $77k plus $3200 a year for a vacation I know I can score using my points or find a cheaper deal through my own capabilities.
Help me out folks. I'm on the verge of rescinding and not seeing the upside. I think I was enamored with all the SPG points but I don't want to have the maintenance fee hanging over my head. I read a ton of posts on here saying to buy on eBay second hand and think I am just silly for doing this.