Club Wyndham Access Deal?

[MoPops]

Sort the bulk inventory by resort and look for Wyndham. I see a FREE Wyndham Skyline contract for 279k with $2044 MF. That MF and contract is crap at $7.33/1k, but still A LOT better than paying $5.6k for CWA.

CWA’s MF is $6.6/1k. That means for 279k Wyndham Skyline, compared to CWA, you’d overpay by $0.73/1k or $204/year. Still a much better deal than $5.6k for CWA.
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I’m in the dark about how you all compare MFs. If a MF is $7.33/1k as you mentioned, why is that better than $6.6/1k? I’m obviously missing something, as I would have thought lower is better.
AND, how exactly do you arrive at the numbers quoted?
Sorry to be sooo needy, and ignorant. Still learning.
Thx



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[bnoble]

If a MF is $7.33/1k as you mentioned, why is that better than $6.6/1k? I’m obviously missing something, as I would have thought lower is better.

They are talking about total cost of ownership. If it costs a lot more to buy a contract/deed with lower MFs, it will take some time for the less-expensive-to-buy but higher-MF deed to recover the difference. (That's especially true if you also account for the time-value of money, which IMO you should.)

For what it's worth, I don't think it is a terrible idea to overpay a little for a deed/contract with lower than average MFs, because the hardest thing about the economics of a timeshare is getting rid of it. Lower expense-ratio deeds/contracts are going to be easier to dispose of. If you are going to hold it for a while, paying a few extra bucks to buy it isn't the end of the world in exchange for better disposal prospects.

 

[dgalati]

They are talking about total cost of ownership. If it costs a lot more to buy a contract/deed with lower MFs, it will take some time for the less-expensive-to-buy but higher-MF deed to recover the difference. (That's especially true if you also account for the time-value of money, which IMO you should.)

For what it's worth, I don't think it is a terrible idea to overpay a little for a deed/contract with lower than average MFs, because the hardest thing about the economics of a timeshare is getting rid of it. Lower expense-ratio deeds/contracts are going to be easier to dispose of. If you are going to hold it for a while, paying a few extra bucks to buy it isn't the end of the world in exchange for better disposal prospects.

Lower monthly fee deeds easy to give away or even get a few bucks for.. A Higher maintenance fee ownership you would have to pay someone to take it. Bonnet Creek deed is one exception it is a higher maintenance fee ownership but many want the 13 month ARP and over look the higher maintenance fee associated with it. If you only want 154,000 points the higher cost may not matter but Keep in mind some have millions of points and the extra $1 per 1000 in maintenance fees can add up to thousands yearly.

 

[Richelle]

Thanks for the information about secondary points purchase. As I understand it my level can not change with the purchase of non developers points but my discounts and booking dates will remain the same. Will my secondary points be available to be used with my developer points when booking reservations online? So just to be clear my current VIP benefits will also apply to the secondary points I purchase. IF so I'm very surprised. Why would anyone purchase additional developer points after reaching their desired VIP Level?

For people like me, and many of us here, we know better then to take anything a sales person says seriously. Many do not. A sales person may give them a reason as to why they need the next level. If someone is at The 1.4 million mark and will be Founder, a sales person will still tell then they have to buy in to be founder, even though they know for a fact, that’s not true. However, there wasn’t much advertised and nothing that said people would be auto enrolled into the new program and wouldn’t lose anything. Nothing but a leaked memo that said things were subject change. The sales people are really good at convincing people that what they know is not true or that they need to “lock in” something.

With that said, people can often change their minds, on their own, about what their desired level is. They may decide Gold would better suit their needs then Silver does. Maybe their travel lifestyle has changed and they feel they can utilize more of the VIP benefits then they could before, and could get more value out of Gold then they could before. Any number of reasons could get them to change their mind about what their desired level is. I think Wyndham is smart enough to know, that if someone doesn’t want a higher level, they have no reason to buy more retail. Taking away the ability to use resale points with their VIP benefits, is not going to make many people want to buy more of something they don’t want. Especially given how much they have to pay to get to the next level. Plus, it would tick a lot of people off and make them not want to dump more money into their program. Not to mention that the value people get from resale, is what keeps contracts in the hands of owners, and fewer people walk away leaving Wyndham and the resorts holding the bag. If they devalue or restrict resale, it affects the perceived value and people may look into other systems that give then more resale benefits.


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