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Did I make a mistake with Wyndham purchase today?

sunshinefun

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Found this site after making purchase at Wyndham timeshare presentation today.

We purchased 126k points today with Club Wyndham Plus along with Plus partners, RCI, Club pass and 1 year price lock.

Also got 274,000bonus points good for 2 years.

Retail was 31,600 and got it for $19,152.00

The yearly maintenance fees are $852 including Club Wyndham Plus program fees.

Should I cancel?
 

TUGBrian

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you should absolutely rescind and check out the resale market.

you just saved nearly $20,000 bucks =)
 

sunshinefun

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Thanks Brian!

I am wondering if I buy points from the marketplace how do I get access to the Club Wyndham Plus along with Club Pass and RCI access to trade?

Thanks,

Shawn
 

vacationhopeful

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Thanks Brian!

I am wondering if I buy points from the marketplace how do I get access to the Club Wyndham Plus along with Club Pass and RCI access to trade?

Thanks,

Shawn
Shawn,
They sold you on a BIG MAC with the special sauce... the special sauce you can only get with a McDonald's purchase.

If you buy on the resale market, you get 95% of the BIG MAC but KEEP thousands of YOUR dollars to buy steak.

The points system is included with a points purchase ... Club Pass is being able to get access to Shell Vacation Club and Worldmark very limited inventory made available to Wyndham points owners .. very, very limited ... to use your Wyndham CWA/CWP points with. I might see 1 or 2 weeks in all of Worldmark in a year ... if any. I booked a Shell resort the first week and only week I saw in Wyndham ... once. And it was only because I had a family reunion at the Shell resort and I had other weeks booked with my Shell points.

RCI exchanges are available to ALL Club Wyndham Access and Plus members. CWA points at the 10 month mark are just like Club Wyndham Plus points. The sales staff WANTS you TO FEEL special ... after all, why would you spend $50,000 when you can buy just as many points if you sent under $1,000. Or under $250.

PS Once you are beyond the rescind window and the sales staff member got his commission ... you are no one. Your are profiled by the sales staff ... and IF you want to try to keep wasting your time and collect $100 each time you do an update ... just be sure to understand, you have to LOOK and ACT like you might buy. They live on hope... working the conversion numbers ... and use many shrink-like angles.

I was at a TIKI bar once with another guest/owner ... they develop an entire family and family drama ... to get the money. They had sick mother, dying father, MIA cousin, etc ... sort of like Kingler in MASH where the base commander page thru all his request to get out of the Army .... and Mother died, Father died, Mother & Father died, sister pregant , Mother & sister pregant, etc.
 

md8287

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Agreed - rescind.
What resort is/was it?
 

ronparise

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Found this site after making purchase at Wyndham timeshare presentation today.

We purchased 126k points today with Club Wyndham Plus along with Plus partners, RCI, Club pass and 1 year price lock.

Also got 274,000bonus points good for 2 years.

Retail was 31,600 and got it for $19,152.00

The yearly maintenance fees are $852 including Club Wyndham Plus program fees.

Should I cancel?
And 154000 points were sold on eBay for $1000


Yes cancel
 

ecwinch

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You should rescind. Your right to rescind exists because state governments recognize that timeshares are typically sold using high pressured sales tactics. So they require that buyers be allowed to rescind the sale after they purchase. Preserve your rights by rescinding now, and then research the purchase. Whatever special deal they said they gave you will still be there after you rescind.
 

whitewater

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cayman01

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Definitely rescind. Then take a few days, weeks or months and read thru TUG to educate you on timeshare ownership. It will really open your eyes. For less than half of what you were going to pay I got nearly a million and a half points .
 

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dioxide45

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If you buy on the resale market, you get 95% of the BIG MAC but KEEP thousands of YOUR dollars to buy steak.
But the Big Mac without the sauce just isn't the same.
 

sunshinefun

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Thanks much everyone I sent out a certified rescind letter today!

Can they cancel the free travel week coupon that they gave me for attending sales presentation and another free one that my rep mailed to me today because of rescinding?
 

Avislo

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Can they cancel the free travel week coupon that they gave me for attending sales presentation and another free one that my rep mailed to me today because of rescinding?[/QUOTE]

If they were gifts, no. Book them and see what the outcome is. If they were part of the purchase agreement, I would not.
 

rickandcindy23

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I like Linda's Big Mac analogy, and enjoy a lot of steak with the savings, because that is truly big savings.

The benefits you get with a small amount of points is not worth much at all, especially not tens of thousands of dollars.

I like Wyndham, but it's just so crazy how people are giving it away, and most of those people did buy developer. Go figure.
 

BellaWyn

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Thanks much everyone I sent out a certified rescind letter today!

Can they cancel the free travel week coupon that they gave me for attending sales presentation and another free one that my rep mailed to me today because of rescinding?
It's unlikely they will try to cancel the "free" travel week coupon. You have to stand on your head to get those to work for somewhere you really want to go. People make them work but generally, they are worth about the cost of the paper they are printed on. Try it, if it works, then nothing lost.

It would be interesting to see Wyn try to prove value on on one of those coupons.

Good job :cheer: getting the rescind documentation sent off so quickly AND for finding us here on TUG.

Welcome welcome welcome! :hi:

Lots of reading to do to understand the Wyndham learning curve that comes with ownership. Start with the Stickies at the top of this forum. And go slow. Information overwhelm is a real thing. :rolleyes:
 

ronparise

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I like Linda's Big Mac analogy, and enjoy a lot of steak with the savings, because that is truly big savings.

The benefits you get with a small amount of points is not worth much at all, especially not tens of thousands of dollars.

I like Wyndham, but it's just so crazy how people are giving it away, and most of those people did buy developer. Go figure.
You have it backwards.

The crazy thing isn't the prices on eBay (that's what this stuff is worth) the crazy thing is how much Wyndham gets for it
 

BellaWyn

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You have it backwards.

The crazy thing isn't the prices on eBay (that's what this stuff is worth) the crazy thing is how much Wyndham gets for it
Ron, do you know what the ratio split is on a developer sale between the sales commission vs net to Wyn? Those numbers might be entertaining.
 

rickandcindy23

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You have it backwards.

The crazy thing isn't the prices on eBay (that's what this stuff is worth) the crazy thing is how much Wyndham gets for it

Ron Parise
Works both ways, Ron. The people who bought and paid that much for it are just throwing their money away. It's really unbelievable to me. In 2008, I thought timeshare hit an all-time low, but nope, it's even cheaper now.
 

dagger1

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ronparise

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Works both ways, Ron. The people who bought and paid that much for it are just throwing their money away. It's really unbelievable to me. In 2008, I thought timeshare hit an all-time low, but nope, it's even cheaper now.
I can make an argument that prices on the secondary market today are fair. Prices today are about as high as I want to pay. But still fair One might even say "rational" as opposed to prices in the Wyndham sales room that are, using your word, "crazy"

So no i don't think "it works both ways"



To answer BellaWin's question. I don't know how much salesmen make. What I do know is appx 50%-60% of the sales price goes to marketing and commission and about 16% is the cost of goods sold. Which leaves about 25% profit.
 

sunshinefun

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So if you buy points on marketplace you still have to pay for closing fee and transfer costs?

I found 205,000 points on eBay including fees paid by seller for $2750.....

Is that a good deal?
 

whitewater

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transfer fee is $299 some sellers charge closing on top but that is pure profit. CWA is not deaded thus no transfer fees.

Its an ok deal. Not one I think you need to rush into too:
You would be paying: (Dollars per 1000) 205 / $2750 (all in purchase price) = $.0745 per thousand

It would be better to be around .03-.06 per thousand points in my experience/opinion. Others will provide their views/opinion.
 
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dagger1

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So if you buy points on marketplace you still have to pay for closing fee and transfer costs?

I found 205,000 points on eBay including fees paid by seller for $2750.....

Is that a good deal?
$2750/205 is over $13 per thousand points. High in my opinion.
 

ronparise

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transfer fee is $275 some sellers charge closing on top but that is pure profit. CWA is not deaded thus no transfer fees.

Its an ok deal. Not one I think you need to rush into too:
You would be paying: (Points per 1000) 205 / $2750 (all in purchase price) = .0745 per thousand

It would be better to be around .03-.06 per thousand points in my experience/opinion. Others will provide their views/opinion.
It's dollars per 1000 points not 1000 points per dollar.

And $299 transfer fee whether it's CWA or CWS

And doing closings can be a profitable business but those costs are not pure profit there are tecording fees and preparing the new deed takes at least a little time and as we know time is money
 
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sunshinefun

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Curious about something. I sent this letter via Registered/Certified mail and was supposed to be delivered on this past saturday but still hasn't been delivered.

It is showing this on the USPS status page: The package is delayed and will not be delivered by the expected delivery date. An updated delivery date will be provided when available. The item is currently in transit to the destination as of April 2, 2017 at 3:32 am.

Any recommendations?
 
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