How lucrative is VIP Gold?

[RENTER]

Even if the OP somehow decided that it was financially correct to buy developer, he should still rescind and purchase it through telesales, and should use the PIC strategy. Both would be substantially cheaper. Buying developer at a resort sales pitch is always going to be the wrong way of doing it.

It would be really hard, if not impossible, the way things are working today, for a developer purchase to pay off in the long run. There's a lot of history - from contracts miscoded to special conversion options from weekly contracts to points (no longer available) to how resale points received VIP benefits in an account (not longer happening). Lots of history and options that just aren't there anymore.


Really? I have a hybrid account (developer and resale) - I don't think I've found different availability based on the type of points I'm using. UNLESS I'm trying to book at a home resort at 15 months or whatever that number is, or using ARP, things that require me to use developer vs resale points. Where, IMO, it's valid that only my developer points allow me to book something.

Upgrades such as these are few and far between these days. They used to be easy peasy, not any more. Mostly not doable anymore due to system changes.

One thing that is key to your decision in purchasing resale, it the maintenance fee. It is likely not necessary to own at the resort you want to stay at. Unless you want a super hard to book place at a specific time of year, you can likely purchase a resale contract at a resort with lower maintenance fees - but stay at the resort of your choice. I own contracts at resorts I have never stayed at because the purchase made sense for me at the time (although I guess I've stayed at most of mine). For example, my father, foolishly (sorry Dad) purchased at Ocean Walk because it was his #1 favorite place. Unless you absolutely wanted Daytona Beach for the Daytona 500 or Bike Week, owning at Ocean Walk is completely unnecessary. And, BTW, you can still likely book those times in the under 10 month mark.

If you really were looking at the savings of a VIP developer contract, I think you need Gold or better PERMANENTLY. You'd need to figure the cost of purchasing 800K on up. Ideally platinum (1.4M). If you look at the cost of purchasing that, you'd turn and run as fast as you could. Bonus points entice you to purchase, enjoy the VIP perks, and in 2 years leave you standing with almost nothing (but the desire to get those benefits back (by purchasing more developer points)).

Does anyone think CWA is a better purchase than a deeded contract? I think CWA maintenance fees have gotten too high to justify a purchase (even resale, even if someone gave it to me, no thanks).

It would be really hard, if not impossible, the way things are working today, for a developer purchase to pay off in the long run. There's a lot of history - from contracts miscoded to special conversion options from weekly contracts to points (no longer available) to how resale points received VIP benefits in an account (not longer happening). Lots of history and options that just aren't there anymore.


Really? I have a hybrid account (developer and resale) - I don't think I've found different availability based on the type of points I'm using. UNLESS I'm trying to book at a home resort at 15 months or whatever that number is, or using ARP, things that require me to use developer vs resale points. Where, IMO, it's valid that only my developer points allow me to book something.

Upgrades such as these are few and far between these days. They used to be easy peasy, not any more. Mostly not doable anymore due to system changes.

One thing that is key to your decision in purchasing resale, it the maintenance fee. It is likely not necessary to own at the resort you want to stay at. Unless you want a super hard to book place at a specific time of year, you can likely purchase a resale contract at a resort with lower maintenance fees - but stay at the resort of your choice. I own contracts at resorts I have never stayed at because the purchase made sense for me at the time (although I guess I've stayed at most of mine). For example, my father, foolishly (sorry Dad) purchased at Ocean Walk because it was his #1 favorite place. Unless you absolutely wanted Daytona Beach for the Daytona 500 or Bike Week, owning at Ocean Walk is completely unnecessary. And, BTW, you can still likely book those times in the under 10 month mark.

If you really were looking at the savings of a VIP developer contract, I think you need Gold or better PERMANENTLY. You'd need to figure the cost of purchasing 800K on up. Ideally platinum (1.4M). If you look at the cost of purchasing that, you'd turn and run as fast as you could. Bonus points entice you to purchase, enjoy the VIP perks, and in 2 years leave you standing with almost nothing (but the desire to get those benefits back (by purchasing more developer points)).

Does anyone think CWA is a better purchase than a deeded contract? I think CWA maintenance fees have gotten too high to justify a purchase (even resale, even if someone gave it to me, no thanks).

Sorry, there are plenty of upgrades if you are not booking during popular dates at popular resorts. There is differently availability for different points. If that is a computer glitch or done on purpose, I do not know. If that is for a particular resort, I do not know. But it does happen.

 

[Fido Chuckwagon]

Sorry, there are plenty of upgrades if you are not booking during popular dates at popular resorts. There is differently availability for different points. If that is a computer glitch or done on purpose, I do not know. If that is for a particular resort, I do not know. But it does happen.

Not sure why you quoted my post since mine had nothing to do with upgrades or different buckets. Do you disagree that Op can get a cheaper/better deal if he chooses to purchase developer by rescinding now and going through telesales / using the PIC strategy?

Buying at the resort is the sucker purchase. There's just no upside to it even if you do decide you want to try to get to VIP through developer purchases.

 

[RENTER]

Not sure why you quoted my post since mine had nothing to do with upgrades or different buckets. Do you disagree that Op can get a cheaper/better deal if he chooses to purchase developer by rescinding now and going through telesales / using the PIC strategy?

Buying at the resort is the sucker purchase. There's just no upside to it even if you do decide you want to try to get to VIP through developer purchases.

Sorry, I thought I was replying to another post. But I do like to thank you for being my insurance policy. It may be wishful thinking on my part, but I am hoping Wyndham is leaving me alone because of someone like you.

Do they want me clamp down on me so I go silent so people only hear from people like you who calls them suckers if they don't do what you say. Or do they want them to hear my story that counters you opinion.

That is the difference between me and you. I do not tell people you are wrong because you are correct if people want to do it your way. My problem with you, is you call people suckers if they do not do it your way.

By the way, how much do you pay in maintenance fees each year doing it your way? For me doing it my way for the past 3 years since you were so sure we were going to get shut down, it has been 0.

Off course Wyndham can clamp down on us at anytime. But as long as you are calling people suckers, that day may be delayed.

When that day comes, I will not beg them to take it back. I will simply stop paying my maintenance fees and let them foreclose on all my contracts. Then rent from those other owners I speak off.

 

[Fido Chuckwagon]

Do they want me clamp down on me so I go silent so people only hear from people like you who calls them suckers if they don't do what you say. Or do they want them to hear my story that counters you opinion.

Buying at the resort is the sucker's bet because you can get it cheaper over telesales... because at the resort you are paying a lot towards the salesperson's commission. I'm sure Wyndham would like it just fine if everyone bought through telesales, way less overhead.

I also didn't call anyone a sucker and I'm not sure why you make everything so personal.

 

[RENTER]

Buying at the resort is the sucker's bet because you can get it cheaper over telesales... because at the resort you are paying a lot towards the salesperson's commission. I'm sure Wyndham would like it just fine if everyone bought through telesales, way less overhead.

I also didn't call anyone a sucker and I'm not sure why you make everything so personal.

buy at the resort is a suckers bet is not calling people suckers? Yes you are correct with buying with telesales. However there is something you do not get. When you buy at the resort and develop a relationship with an honest salesperson, they will work with you to get the resort with the cheapest maintenance fees. They will let you see the inventory.

Also, if you are renting or a business owner they will send business your way. There is nothing incorrect with what you say. It is just that you think your way is the only way.

I have been lucky. Most of you are right when you say that the salespeople lie to you. Except I have dealt with salespeople who have been honest with me and have worked with me to get the lowest maintenance fees.

 

[Crysis73]

Buying at the resort is the sucker's bet because you can get it cheaper over telesales... because at the resort you are paying a lot towards the salesperson's commission. I'm sure Wyndham would like it just fine if everyone bought through telesales, way less overhead.

I also didn't call anyone a sucker and I'm not sure why you make everything so personal.

A question unrelated to the current discourse.

The salesperson called and said that resale points were essentially worthless because you can only use them for studio rooms and you can’t transfer them to RCI. That’s just completely false right?

 

[dioxide45]

That’s just completely false right?

Of course it was.

 

[Fido Chuckwagon]

The salesperson called and said that resale points were essentially worthless because you can only use them for studio rooms and you can’t transfer them to RCI. That’s just completely false right?

That is complete and utter bullshit.

 

[Fido Chuckwagon]

develop a relationship with an honest salesperson

 

[HitchHiker71]

Buying at the resort is the sucker's bet because you can get it cheaper over telesales... because at the resort you are paying a lot towards the salesperson's commission. I'm sure Wyndham would like it just fine if everyone bought through telesales, way less overhead.

I also didn't call anyone a sucker and I'm not sure why you make everything so personal.

If you're a good negotiator you can get the local sales centers to match telesales pricing for CWA and likely you can beat telesales pricing for CWS contracts, it just depends on how good of a negotiator you are really. I'd generally agree, if you're going to focus on obtaining two PIC properties and then buying developer points to get up to VIPG permanent, that's likely the last and best method left without breaking the bank. That said, back when I did this in 2018, VIPG only required 700k annual developer qualifying points, now it's up to 800k - so if we assume $150/1000 for CWA - that's another $15k added to the $30k minimum. Basically you need to purchase a minimum of 292k (300k really) developer points, plus the two 254k PIC+ contracts. 508k+300k=808k. This will net a decent bonus point contract to give two years of VIPP of course. $45k is pretty steep though. I did this for about $27k back in 2018 with 718k developer points (210k CWA plus two 254k PIC+ contracts), and even at that lower rate - it'll still take me 10+ years to see breakeven. We are crossing the six year ownership anniversary date on 7/1/2024 - and given we're not seeing nearly as many free room upgrades of late, it's going from 10 years out to about 11-12 years best estimate according to my tracker. There's no numbers that I can run that make any sense upgrading to VIPP/VIPF that aren't 25-30+ years out on ROI all total, so the only way I'd ever consider it is if we strike it rich and have monies to burn and we knew for a fact that our kids would be interested in taking ownership as part of our estate planning, otherwise the ROI just isn't there strictly from a dollars and cents standpoint. This is why we often refer to VIP purchases as a perceived value decision, because the raw ROI analysis just doesn't make sense given Wyndham has closed all of the loopholes that were used by many a TUGGER in the past to get up to VIP levels without breaking the bank.

 

[RENTER]

A question unrelated to the current discourse.

The salesperson called and said that resale points were essentially worthless because you can only use them for studio rooms and you can’t transfer them to RCI. That’s just completely false right?

Correct. That person lied to you

 

[RENTER]

Pretty sure most know this already but just in case you do not. Went to reserve a room for a weekend at Ocean Walk in Daytona. None available with resale points. Worldmark was available with developer points. No discount but only 30,000 points.

 

[WManning]

Hi all! Yesterday I bought a package of 300k points annually and a one-time 500k bonus point offer for around $45k.

From the reading I've been doing I see that you can buy points for far cheaper, but I haven't been able to find much discourse on how valuable the VIP perks are. I've got until 6/15/24 to rescind, but I wanted to lean on the fine members of TUG to see whether there's anything I might be missing.

I bought a 392,000 deeded ownership with low maintenance fees $5.50/1000. All in purchase price and closing costs at $375. Not sure how lucrative you will ever find the $45k for 300k of points and temporary VIP gold will never give you a break even point in your life time IMHO.

 

[HitchHiker71]

A question unrelated to the current discourse.

The salesperson called and said that resale points were essentially worthless because you can only use them for studio rooms and you can’t transfer them to RCI. That’s just completely false right?

Stop talking to the salesperson. The salesperson has but one goal - to sell the retail developer points product - and they will say just about anything to do so since they are almost 100% commission based. If you want information about the product itself - call owner services or post here on TUG and we will steer you straight. Seriously, don't call the salesperson again, forget their number, RESCIND immediately if you haven't already. You have only a precious few days to rescind, you have the rest of your natural life to choose to buy back into Wyndham, and even if you were to consider doing so directly with Wyndham, likely at a better price than your current contract offer. Here's a couple of articles to help with your path forward:

Is timesharing right for me?

The purpose of this article is to establish what we consider to be a few hard and fast rules to live by when attempting to determine conceptually if timeshare ownership is a good match to meet your…

wyndhamexperts.wpcomstaging.com

I did the wrong thing. What do I do now?

So, you’ve read our ‘Did I Do the Right Thing?’ blog article, and you’re pretty sure you fall into the category of ‘I did the wrong thing.’ What do you do now? B…

wyndhamexperts.wpcomstaging.com

 

[Crysis73]

Stop talking to the salesperson. The salesperson has but one goal - to sell the retail developer points product - and they will say just about anything to do so since they are almost 100% commission based. If you want information about the product itself - call owner services or post here on TUG and we will steer you straight. Seriously, don't call the salesperson again, forget their number, RESCIND immediately if you haven't already. You have only a precious few days to rescind, you have the rest of your natural life to choose to buy back into Wyndham, and even if you were to consider doing so directly with Wyndham, likely at a better price than what your current contract offer. Here's a couple of articles to help with your path forward:

Is timesharing right for me?

The purpose of this article is to establish what we consider to be a few hard and fast rules to live by when attempting to determine conceptually if timeshare ownership is a good match to meet your…

wyndhamexperts.wpcomstaging.com

I did the wrong thing. What do I do now?

So, you’ve read our ‘Did I Do the Right Thing?’ blog article, and you’re pretty sure you fall into the category of ‘I did the wrong thing.’ What do you do now? B…

wyndhamexperts.wpcomstaging.com

Sent out the rescission letter yesterday!

 

[Fido Chuckwagon]

Sent out the rescission letter yesterday!

Congrats on saving $45k! If you really want to own Wyndham (I think it’s a great system), then start reading up, and purchase it resale. eBay, or tug marketplace, or redweek are great places to look for decently priced contracts.

 

[WManning]

Sent out the rescission letter yesterday!

Hallelujah and praise the lord! Another soul saved from the devil's grip. Now read up and start to make a sound decision if buying timeshare is right for you. You have 45k to pay it forward thanks to TUG