HELP! Canyon Villas decision

[mvmess]

Lots of great advice and info for you to consider has been presented. I think the idea of giving up the week and buying points to replace plus the added points purchase is a poor choice. If you don't want the week you can get rid of it by selling or giving it back to MVC. I suspect they'll take it. However, if you reserve a top gold week week and exchange it, you can get a better value than the points, esp if you lock it off and get 2 weeks for the one. Even if you wanted to trade it in, there are other options IMO. You could trade in and buy a better week for Aruba with similar costs but more options, a better underlying value and lower fees still. I'm not sure about Spain if that can be done there. For most any trade in purchase is not going to be a good choice but I am pointing out there are other possibilities.

Sorry, for my late response! Thanks for the input. It has been so long since I have considered II. I will have to revisit. We have decided to pass on the offer, keep the week and see what we are able to do in the rental market. Thanks everyone and a special thanks to those of you who understood the offer clearly.

 

[mvmess]

It's not 4150 additional points. It would be an additional 2,125 points. They get 4000, they give back the MCV week worth 1875. They likely have to pay for 2,125 points at the discounted rates.

I suspect the 4,150 points is just something the OP is talking about without actually having all of the details of the deal and also their mental recollection of what they were told.

MVC has offered equity trade ins, unlike they have done in the past. In the past they would give you the price originally paid for the week as equity toward additional point purchase. This past year we were pitched that if we bought at least 2,000 we could turn in a deeded week and take out the equivelent number of trust points. Though as you stated, and as I DID TOO, can only be sold/bought in 250 point increments.

If I understand everything correctly the OP would get 16 new Beneficial Interests while paying for 2,125 points and giving up their MCV week. If MVC would have actually done such a deal is another story, but they've seemed pretty desperate lately.

THANK YOU! Oh, and by the way, I do understand it clearly. Simply may not have explained it clearly.

 

[dioxide45]

This seems like a worse deal then, that they wouldn't give equity credit to the purchase of the 2000 points. That is what even piqued my interest in permanently converting my week. Or maybe I have mis-understood the deal (as I have no interest in buying more deeds or points). We did briefly in 2019 purchase more points to get to executive, however rescinded when we thought more about it.
They have tried numerous "deals" and "bundles" to get us to executive. I don't want the maintenance fees associated with having that many points or deeds.

If you want more points, then the offer the OP seems to be pitched is probably better than the old equity offer of givingt you whatever was originally paid for the week. A week bought 20 years ago might not be all that much.

If we look at what the OP was pitched and if I understand it correctly based on this thread and what we were pitched in the past, you buy 4,000 points for $17.72. Actually going to have at least a 10% discount. So lets say $15.95pp. But you aren't buying 4,000 points. You are really only buying 2,125. That works out to $33,893.75. One also has to give up their MCV week. The equity from the MCV week is 1875*15.95, which comes out to $29,906.25. So if the original week was bought for less than $29,906.25, the current offer might be better. Though any offer is not really that great since points are too expensive and the alternative options mentioned in this thread are better.

 

[LeslieDet]

Thanks! But, You are lost! Please do not respond to this thread any more.

LOL - I already gave up trying to decipher your ridiculous ramblings.

 

[LeslieDet]

We have been offered this "deal" a couple of times in the last 2-3 years at presentations. Marriott gives us equity credit for what we paid for our Barony Beach gold week. The Barony Beach deed goes back to Marriott, we buy a bundle of 2000 points (with our equity credit applied), and they add the amount of points our Barony week is worth (annually) to our portfolio. We have not done the deal as we do not need more points and the maintenance fees on our Barony Beach are less than the maintenance fees for the points value of our Barony Beach, at least for now. Our current portfolio is an enrolled gold week worth 2700 Abound points, and 2500 abound points: 5200 points. So they have been trying to get us to purchase more to get to Executive.

I'm sincerely interested in learning more about what you were pitched, as you describe it in your comment. I've not heard about any particular spin where the electable points from the week you are selling back to the company in the form of an equity credit is added to your account for future use years, without actually purchasing that quantity over and above the 2000 you are required to purchase to "take" the deal.

While it may be difficult to describe in this format, can you please clarify the pitch?

Since your Barony deeded week is able to elect 2700 Club Points, were you pitched:
(1) that if you would purchase 2000 points (new to you, so you'd own 4500 MVC Trust Points - the 2500 existing ownership plus the 2000 new), and give up the ownership of your Barony week to MVC in return for the purchase price credit, you would nevertheless have those 2700 electable points added to your account each year in perpetuity? Despite only owning the 4500 Club Points, you would nevertheless have 7200 Club Points to use on an annual basis (2500 + 2000 + 2700)?

Or
(2) use the Barony week "purchase price" credit to sell back that deeded week to MVC, and then buy Trust Points equivalent to those you could elect (it would have to be 2750 since Barony apparently elects for 2700 and BIs are increments of 250) PLUS purchase 2000 MVC Trust Points? So, in the end, you would own 7250 MVC Trust Points? i.e., the already owned 2500 Trust Points, plus 2000 Trust Points you needed to buy to do the "equity trade", plus the 2750 Trust Points to "replace" Barony?

I have never heard anyone report that scenario I'm identifying as option (1), whereas the pitch I've labeled option (2) is repeatedly reported. Thanks!