Help! In with sales at NCV right now.

[CourtShorr]

They want us to enroll our week (for 3400 points) if we buy 2500 points. They want 32,000$.
We bought our week on redweek originally.

Worth it? We've never had points.

We'd end with 5975 points.

 

[Dean]

IMO no. You can get that deal later if you decide it's best for you. IF enrolling is a good choice, you may want to consider other and likely better options like an Aruba 1 BR purchase which they can't do there but there are those that can.

 

[Iggyearl]

You don't know if it's a good deal. Plain and simple. You will consider it. But not now. If it's a good deal tomorrow, you may consider it. What's the hurry? The commission check?

 

[dioxide45]

When did you buy your week?

 

[CourtShorr]

When did you buy your week?

Early 2020

 

[DanCali]

They want us to enroll our week (for 3400 points) if we buy 2500 points. They want 35,000$.
We bought our week on redweek originally.

Worth it? We've never had points.

We'd end with 5975 points.

Here's one way to think about the math...

Remember that all they are offering you is to enroll that week into an exchange program.

You are paying $35,000 = Destination Points + NCV "Enrollment Fee"

Regarding the 2500 DP (which you may not need or want) - they have a resale value of approximately $7500 if you try to sell them in a month. So, since the value of the points is actually only $7500 if you tried to sell them, your "Enrollment Fee" for that one week is about $27,500.

Does that sound like a reasonable enrollment fee? For reference, II charges $99/year...

They will give you a slightly better offer (probably buy a week + points to get you to "Executive" level) if you say you dislike buying points and prefer to buy a deeded week instead. The "Enrollment Fee" is still exorbitant. These type of offers have always been around. They were better on the Vistana side for Vistana weeks, and the prices may come down on the Marriott side after the integration. Don't rush into it, IMO

 

[TheTimeTraveler]

They want us to enroll our week (for 3400 points) if we buy 2500 points. They want 35,000$.
We bought our week on redweek originally.

Worth it? We've never had points.

We'd end with 5975 points.

Do you have $35,000 kicking around that you want to put to use? Sounds like a lot of money to me......

Have you had difficulty obtaining exchanges via Interval International since your 2020 ownership? If so, then that or flexibility may be the only reason to consider spending $35K but you are "digging deep" for the playing the point game. A steep price to pay.

Personally? I don't think it's worth it. Just enjoy your week ownership and keep your hands in your pocket.



.

 

[T_R_Oglodyte]

It's now several hours since you posted, so I presume whatever sales meeting is going on is now over. That means that now you can be by yourselves and think about things in a less-pressured environment.

IMHO - if you bought something, you should immediately rescind. My thinking is simple - you're in a binary choice situation. You can proceed with the modified ownership, or you can rescind. But the difference is that you have only a limited time within which you can rescind, but you can always come back and buy again if you decide that is truly what you want to do.

So you have little downside for rescinding. But there's a big downside to not rescinding, because you might find yourself saddled with a contract that you can no longer exit.

************

If you submit rescission paperwork, they will probably try to contact you to talk you out of rescinding. They will tell you about benefits and perks you will be losing if you cancel.

Don't let that sway you. Just keep in mind that if the deal is such a good deal, if you take more time to think about it you should only become more convinced of the wisdom of the purchase.

And here's a critical point, if they truly believe the product was as good as what they presented, they should have no problem with you taking time to do research. Because if the offer is that good, then if you take time to think about then, you should be even more sold on the value of the deal. The only reason for them to be reticent about having you take time to step away and give it more thought is because they're afraid that with more examination, you will realize the deal isn't as good as it seemed to be during the presentation.

************
[added comment]

My standard response if they push me for needing more time is that before deciding I need to construct a cash flow analysis and calculate an internal rate of return on investment.

 

[WBP]

I thought Marriott Vacation Club blocked internet traffic from their sales galleries to www.tug2.net.

 

[dioxide45]

I thought Marriott Vacation Club blocked internet traffic from their sales galleries to www.tug2.net.

Maybe they do, but the boards are on tugbbs.com

 

[jabberwocky]

I thought Marriott Vacation Club blocked internet traffic from their sales galleries to www.tug2.net.

This is what a VPN is for!

 

[dioxide45]

I thought Marriott Vacation Club blocked internet traffic from their sales galleries to www.tug2.net.

Could have also just been running off cellular data.

 

[mjm1]

They want us to enroll our week (for 3400 points) if we buy 2500 points. They want 35,000$.
We bought our week on redweek originally.

Worth it? We've never had points.

We'd end with 5975 points.

You need to consider how you use your current unit (stay there, trade via II, rent it out, etc.). If you like the idea of using points due to the flexibility it is worth considering enrolling the unit. We bought an Aruba Ocean Club 1BR platinum unit to enroll two units. As I recall the cost was about $28k and the Aruba unit is valued at 2,900 points. For us we thought it was a good option.

They don’t always have Aruba units available to enroll units. However, you can call the Corporate Sales office in SLC at 801-828-1461. Robert was the sales manager the last time I dealt with them. It would be worth a call to discuss the potential options.

Best regards.

Mike

 

[Dean]

They don’t always have Aruba units available to enroll units. However, you can call the Corporate Sales office in SLC at 801-828-1461. Robert was the sales manager the last time I dealt with them. It would be worth a call to discuss the potential options.

I'd deal directly with Aruba if that was the goal. I know someone who will be on the lookout for a unit if needed.

 

[CourtShorr]

Do you have $35,000 kicking around that you want to put to use? Sounds like a lot of money to me......

Have you had difficulty obtaining exchanges via Interval International since your 2020 ownership? If so, then that or flexibility may be the only reason to consider spending $35K but you are "digging deep" for the playing the point game. A steep price to pay.

Personally? I don't think it's worth it. Just enjoy your week ownership and keep your hands in your pocket.



.

We've never even traded in II - that's why I don't know much about it or the process. We've always just used our deeded week.
Is it hard to trade? We planned to try to trade our NCV week for Ko olina for 2024 but they are saying that will be impossible.

 

[CourtShorr]

Here's one way to think about the math...

Remember that all they are offering you is to enroll that week into an exchange program.

You are paying $35,000 = Destination Points + NCV "Enrollment Fee"

Regarding the 2500 DP (which you may not need or want) - they have a resale value of approximately $7500 if you try to sell them in a month. So, since the value of the points is actually only $7500 if you tried to sell them, your "Enrollment Fee" for that one week is about $27,500.

Does that sound like a reasonable enrollment fee? For reference, II charges $99/year...

They will give you a slightly better offer (probably buy a week + points to get you to "Executive" level) if you say you dislike buying points and prefer to buy a deeded week instead. The "Enrollment Fee" is still exorbitant. These type of offers have always been around. They were better on the Vistana side for Vistana weeks, and the prices may come down on the Marriott side after the integration. Don't rush into it, IMO

How hard is it to just buy points on redweek? (Or second hand somewhere). We've never bought points. For some reason I thought you had to buy points from marriott directly.

 

[TheTimeTraveler]

In my experience, if you deposit 12 months (or more) in advance then you should be fine. Less than 12 months you could have difficulty going to someplace like Hawaii.

You can buy "used" points wherever you want. Just keep in mind that if you buy them outside of Marriott then you will have to spend $3 per point with Marriott in order to activate those Destination Club Points.

My advice to you is to slow down, study up, and take your time before doing anything. Remember you own those maintenance fees once anything is in your name.

I will leave you with a points website run by a TUGGER in case you buy points and want to rent them .============== www.VacationPointExchange.com

Best of luck!




.

 

[Dean]

We've never even traded in II - that's why I don't know much about it or the process. We've always just used our deeded week.
Is it hard to trade? We planned to try to trade our NCV week for Ko olina for 2024 but they are saying that will be impossible.

I'd agree with the advice to slow down and assimilate more of the information. Personally I would not buy points. The salesperson was using fear mongering to try to get you to buy, basically he was lying. Assuming a good Platinum NCV deposited 10-12 months out with a search started 12-13 months out or more I think your chances of getting Ko Olina are dramatically high assuming we're not talking Christmas/NY. As long as you give them a range of weeks, and follow the other parameters, I'd say it's close to automatic to match at some point. I wouldn't say 100% but it'd likely be very close. KBC is the other easy to trade for location. The 2 resorts you might have trouble with in this scenario would be Maui and the Big Island, esp for a 2 BR.

 

[stslc]

We've never even traded in II - that's why I don't know much about it or the process. We've always just used our deeded week.
Is it hard to trade? We planned to try to trade our NCV week for Ko olina for 2024 but they are saying that will be impossible.

There really is no compelling reason to buy directly from Marriott.
We traded into a Ko Olina 2BR for spring break using a far less valuable trader (summer Mountainside week). Just got back from Maui using the same week. I can't predict what II trading will be like in the future but we have made some amazing trades using our Mountainside week. There are so many ways to accomplish what you want to do without the $35K initial outlay.

Rent points to book your Ko Olina week
Buy points resale. 2500 points could be had for around $15-$17k including all transfer fees.
Rent your NVC week and use funds to rent KoOlina
Buy a much cheaper trader and continue to use NVC but have weeks available to trade on II.

We own a Maui week that we have never used because we always get trades using the Mountainside week. We rent the MOC for enough $$ to cover both weeks' annual fees.

 

[CourtShorr]

3d

There really is no compelling reason to buy directly from Marriott.
We traded into a Ko Olina 2BR for spring break using a far less valuable trader (summer Mountainside week). Just got back from Maui using the same week. I can't predict what II trading will be like in the future but we have made some amazing trades using our Mountainside week. There are so many ways to accomplish what you want to do without the $35K initial outlay.

Rent points to book your Ko Olina week
Buy points resale. 2500 points could be had for around $15-$17k including all transfer fees.
Rent your NVC week and use funds to rent KoOlina
Buy a much cheaper trader and continue to use NVC but have weeks available to trade on II.

We own a Maui week that we have never used because we always get trades using the Mountainside week. We rent the MOC for enough $$ to cover both weeks' annual fees.

Do resale points work the exact same way as points purchased from marriott directly? Do you know of any draw backs to resale? We bought our deeded week on redweek but worried that points would have more restrictions if they were resale.

 

[Dean]

3d

Do resale points work the exact same way as points purchased from marriott directly? Do you know of any draw backs to resale? We bought our deeded week on redweek but worried that points would have more restrictions if they were resale.

Zero difference once you own the points.

 

[CourtShorr]

Zero difference once you own the points.

That is so great to hear. Do they pass rofr generally?

 

[Dean]

That is so great to hear. Do they pass rofr generally?

ROFR is always a moving target. There are extra fees totaling $3.00 PP in addition to the purchase price. It looks like it's been taking around $3.50 PP to pas ROFR lately. Realize that the fees on owning points can be 1.5 to 2X those of many other choices. While there are situations where owning points is the best choice, generally it's a poor second choice when we're talking 2500 or more.

 

[DanCali]

Don’t worry about ROFR. You really cannot compete with an entity which has an incentive to buy low and then resell for $15 per point, because you will be reselling $3 or less. Just get the best deal you can, and if it doesn’t pass move onto the next.

But why do you even want to buy points?


Sent from my iPhone using Tapatalk

 

[CourtShorr]

Don’t worry about ROFR. You really cannot compete with an entity which has an incentive to buy low and then resell for $15 per point, because you will be reselling $3 or less. Just get the best deal you can, and if it doesn’t pass move onto the next.

But why do you even want to buy points?


Sent from my iPhone using Tapatalk

We are hoping to go to Ko olina in 2024 and my husband is worried that our NCV won't be able to trade for it in II (because of the sales pitch where they said marriott is pulling all their inventory from II from now on). We were offered to be able to enroll our deeded week (that we bought on redweek in 2020) which we were told we would NEVER be able to enroll- but we'd have to buy 2500 additional points (so with the points our week would give us we'd have 5975 points when we don't elect to use our week as a week on it's own).

I personally think it would be better to buy a second week at NCV and just trade it or sell it.