Diamond presentation

[jfbookers]

Just returned from an abbreviated Diamond presentation. My wife wouldn't go and I didn't ask for the $100.00 VISA card so the sales person knew I wasn't a buyer but she tried anyway.
Not a hostile presentation but here is what I was told.
I am staying at the Beach Club recently obtained from Gold Key in Virginia Beach so the sales lady may have an excuse for not knowing everything about Diamond.
1. Diamond owns 330 resorts worldwide and there is no exchange fee when trading within their resorts.
2 Diamond was recently loaned about 450 million dollars from some impressive lending institutions to buy additional resorts worldwide.
3 Diamond is a company that "Likes to say yes" repeated about 10 times.
4. Diamond prides itself on excellent customer service.
5. No matter where you want to go or how you want to get there Diamond responds positively 92% of the time within 48 hours.
6. You can use your points on just about anything and Diamond can save you a great deal on air, car, lodging ect.
7. Diamond recently went public and the shareholders are demanding the amount charged for points be raised.(currently $8.20 per point) So buy now before the price skyrockets.
8. Saleslady originally thought the minimum buy in was 5,000 points which worked out to $41,500.00 but when she came back with the paperwork the minimum buy in was 8,500 points or $69,700.00
I didn't stay around to see if they would come off of that figure. The saleslady did attempt to show me my timeshare habit would cost more over the next ten years. I think I will pass.

 

[Ty1on]

Just returned from an abbreviated Diamond presentation. My wife wouldn't go and I didn't ask for the $100.00 VISA card so the sales person knew I wasn't a buyer but she tried anyway.
Not a hostile presentation but here is what I was told.
I am staying at the Beach Club recently obtained from Gold Key in Virginia Beach so the sales lady may have an excuse for not knowing everything about Diamond.
1. Diamond owns 330 resorts worldwide and there is no exchange fee when trading within their resorts.
2 Diamond was recently loaned about 450 million dollars from some impressive lending institutions to buy additional resorts worldwide.
3 Diamond is a company that "Likes to say yes" repeated about 10 times.
4. Diamond prides itself on excellent customer service.
5. No matter where you want to go or how you want to get there Diamond responds positively 92% of the time within 48 hours.
6. You can use your points on just about anything and Diamond can save you a great deal on air, car, lodging ect.
7. Diamond recently went public and the shareholders are demanding the amount charged for points be raised.(currently $8.20 per point) So buy now before the price skyrockets.
8. Saleslady originally thought the minimum buy in was 5,000 points which worked out to $41,500.00 but when she came back with the paperwork the minimum buy in was 8,500 points or $69,700.00
I didn't stay around to see if they would come off of that figure. The saleslady did attempt to show me my timeshare habit would cost more over the next ten years. I think I will pass.

70 grand is absolute insanity.

 

[TUGBrian]

70 thousand dollars.....for something you can have for free from an existing owner.

that is mind boggling.

 

[Ty1on]

70 thousand dollars.....for something you can have for free from an existing owner.

that is mind boggling.

Is Diamond the one that strips the crap out of the beneifts and value of a contract when it is resold (like 90 day reservation window), or is that Wastegate? Or Both?

 

[TUGBrian]

no...DRI is pretty good in terms of resales (in the US anyway...the euro collection is absolutely crippling to resale points...and oddly enough, they dont accept them back like they do here in the US)

 

[VegasBella]

I agree that DRI has good customer service. They do seem to "like to say yes."

$70k is ridiculous. Just buy something resale if you like the product.

They do own a lot of resorts and they manage or have rights to many more - so you can exchange into a wide variety of resorts.

 

[tschwa2]

DRI does a lot of stripping too. You can only use your points for the collection you are in. No the Club reservations (to other DRI properties) and no using RCI or II to exchange your resale points.

 

[T_R_Oglodyte]

.... no using RCI or II to exchange your resale points.

I'm not sure that is true. If you are not in the Club then I believe you can deposit your week with whomever you wish. (With II and RCI the resort has to be affiliated with that company.) Independents will take it.

I haven't done that with resale points, but I have with a resale deeded week. I don't know that being in the trust instead of a deed makes any difference.