Electing Week for II Exchange?

[curitiba_tapley]

Today I explored option for Electing my deeded week (USE WEEK --> Elect Week(s) --> Use My Week --> Pull Down Menu of Options) . One option was "II Exchange - Owner Deposit" This was new since last year when I made my election. Has anyone used this Option "II Exchange - Owner Deposit" It appears to be the same as if I were to select OCCUPY, then Call into MVC and make a reservation, and then Call into Interval International to deposit it. If it makes it easier and a "one-stop shop" that too would be pretty fantastic. Would appreciate to hear experiences using this option.

 

[lgreenspan]

I used it last year and it works great. You can pick the week you want to deposit into Interval and they directly deposit the week.

 

[Dean]

Today I explored option for Electing my deeded week (USE WEEK --> Elect Week(s) --> Use My Week --> Pull Down Menu of Options) . One option was "II Exchange - Owner Deposit" This was new since last year when I made my election. Has anyone used this Option "II Exchange - Owner Deposit" It appears to be the same as if I were to select OCCUPY, then Call into MVC and make a reservation, and then Call into Interval International to deposit it. If it makes it easier and a "one-stop shop" that too would be pretty fantastic. Would appreciate to hear experiences using this option.

We've had quite a bit of discussion on TUG in the last year or so about the difference in making a reservation to occupy then depositing vs the II owner to deposit option. I even asked MVC directly about it. Ultimately it doesn't seem to matter between the 2. Apparently the II owner to deposit is slightly easier for the MVC side from an admin standpoint.

I used it last year and it works great. You can pick the week you want to deposit into Interval and they directly deposit the week.

Selecting the II Marriott to deposit has some risks. Apparently they have been known to change the week deposited on occasion which might affect your trade power and dates of usage.

 

[dioxide45]

Today I explored option for Electing my deeded week (USE WEEK --> Elect Week(s) --> Use My Week --> Pull Down Menu of Options) . One option was "II Exchange - Owner Deposit" This was new since last year when I made my election. Has anyone used this Option "II Exchange - Owner Deposit" It appears to be the same as if I were to select OCCUPY, then Call into MVC and make a reservation, and then Call into Interval International to deposit it. If it makes it easier and a "one-stop shop" that too would be pretty fantastic. Would appreciate to hear experiences using this option.

It isn't new. It's been there on our Harbour Lake week for at least the past 10 years.

Selecting the II Marriott to deposit has some risks. Apparently they have been known to change the week deposited on occasion which might affect your trade power and dates of usage.

From what I understand they don't necessarily change the week deposited. You don't even pick the week to be deposited for II Exchange - Marriott Deposit. You just pick that option and they pick the week. It could also be a week that was previously deposited and they just transfer it to your II account. As far as I know, once it is deposited the expiration date is set. If it was a previously deposited week, you may not get the full 36 months of usage as if you were depositing a week 12 months ahead of checkin.

 

[Mroze]

I have used this for a few years.

When I choose "Owner-Deposit", I get to pick the Check-In Date which I specify when I go to Interval and add the Confirmation-#.
The week is then slated for Expiry 24-Months past this Check-In Date + 7-Days.
E.g. I can right now deposit my Ko'Olina Studio with a Check-In Date of SATURDAY FEB-13-2027.
Once deposited this week will expire on FEB-20-2029 [almost 3-Years from today].

 

[Hindsite]

You don't have to call II to deposit, you can do it online no problems.

I use the "occupy" option not just to select dates, but to also control when the deposit gets made, and control that the deposit does get made right. For some parts of the year II will run a promotion to get an accom cert when you deposit, so I will time my deposit to get that and to have the expiry of the AC cover when I want to use the AC. I also do request first for some requests where I am waiting for the cert promo dates, but also want to get specific inventory and if it doesn't come through I cancel the request (you have to call) and the deposit to get the AC. It can be a judgement on how long you leave depositing to get adequate trading power for your exchange, but it doesn't seem to matter much for when and where we want to travel. If your travel needs are pushing the boundaries of Trading power, then you would take a different approach.

 

[Dean]

It isn't new. It's been there on our Harbour Lake week for at least the past 10 years.


From what I understand they don't necessarily change the week deposited. You don't even pick the week to be deposited for II Exchange - Marriott Deposit. You just pick that option and they pick the week. It could also be a week that was previously deposited and they just transfer it to your II account. As far as I know, once it is deposited the expiration date is set. If it was a previously deposited week, you may not get the full 36 months of usage as if you were depositing a week 12 months ahead of checkin.

Thanks for the clarification.

 

[dioxide45]

I use the "occupy" option not just to select dates, but to also control when the deposit gets made, and control that the deposit does get made right. For some parts of the year II will run a promotion to get an accom cert when you deposit, so I will time my deposit to get that and to have the expiry of the AC cover when I want to use the AC.

All those same things are covered when you use "II Exchange-Owner Deposit". It is called owner deposit because the owner controls what is deposited and when it happens.

 

[Hindsite]

All those same things are covered when you use "II Exchange-Owner Deposit". It is called owner deposit because the owner controls what is deposited and when it happens.

Quite possibly, I merely shared my approach.

 

[dioxide45]

Quite possibly, I merely shared my approach.

I just didn't want someone to think that is a reason someone must select "Occupy" over "Owner Deposit".

The way I look at it, if you think you may occupy the unit at any time, then choose "Occupy". It still provides the flexibility later to deposit. If you know 100% for sure you are depositing the unit, then select "Owner Deposit". I don't really know what, if anything, happens if you try to occupy later after selecting "Owner Deposit". The reservations all show up the same in the Bonvoy account until deposited.

 

[Dean]

I just didn't want someone to think that is a reason someone must select "Occupy" over "Owner Deposit".

The way I look at it, if you think you may occupy the unit at any time, then choose "Occupy". It still provides the flexibility later to deposit. If you know 100% for sure you are depositing the unit, then select "Owner Deposit". I don't really know what, if anything, happens if you try to occupy later after selecting "Owner Deposit". The reservations all show up the same in the Bonvoy account until deposited.

There probably is an internal difference else why even have the two different options. It seems to me they could just have a single option titled Owner Occupy OR II Owner Deposit. The fact they have the 2 options makes me wary of potential issues we don't know at this point and that could be true with either option.