• Welcome to the FREE TUGBBS forums! The absolute best place for owners to get help and advice about their timeshares for more than 32 years!

    Join Tens of Thousands of other owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 32 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 32nd anniversary: Happy 32nd Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    All subscribers auto-entered to win all free TUG membership giveaways!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Wish you could meet up with other TUG members? Well look no further as this annual event has been going on for years in Orlando! How to Attend the TUG January Get-Together!
  • Now through the end of the year you can join or renew your TUG membership at the lowest price ever offered! Learn More!
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Marriott latest sales tactic

daviator said:
Oh, interesting. I’ll be at WDW later this month so it will be interesting to see if they try to offer me that kind of deal.

Yes, in the past they offered to credit you back for the original purchase price of your VOI, but of course it was never an even trade, you had to buy even more and spend another $20K or whatever.

if they start allowing people to literally trade their week in for club points, without any additional purchase, we will know they are really trying to reclaim all the weeks. I don’t expect that to happen anytime soon.
Click to expand...
It does still require additional purchase of at least 2,000 points.
 
daviator said:
if they start allowing people to literally trade their week in for club points, without any additional purchase, we will know they are really trying to reclaim all the weeks. I don’t expect that to happen anytime soon.
Click to expand...
It's the commission on the points sale they are after, nothing more.

You only have to read the number of posts from people saying they asked to give black their week but MVC declined, to see they aren't desperate for more.

If they did want weeks they'd only need to send an email opening a free return programme and they'd be deluded with offers. No need to run an expensive sales team to do that.
 
dioxide45 said:
It seems they have also upped the equity trade in program. In the past they would give you a credit toward the purchase of new points by giving you the value of what your week originally sold for to the original buyer. Now they seem to be offering a direct trade in. You get the retail value of the points your week is worth. So if you have a week worth 2,150 points, then you get 2150x$17.72. So about $38000. You need to buy at least an additional 2,000 points. Thus, in this example, you need to be coming out with 4,250 Club Points. I suppose it might be an okay value if you have a high MF week that you only ever convert to Club Points.
Click to expand...
If I give back my Harborside 1 bedroom (which I know that’s probably not one of the weeks they are taking back) then they will give me the equity and I can use that to by 2000 points or 2000 plus the point value of my week?
 
Red elephant said:
If I give back my Harborside 1 bedroom (which I know that’s probably not one of the weeks they are taking back) then they will give me the equity and I can use that to by 2000 points or 2000 plus the point value of my week?
Click to expand...
2000 PLUS the point value of your week.

I don't know if they will take back Harborside for an "upgrade" – they might.
 
daviator said:
2000 PLUS the point value of your week.

I don't know if they will take back Harborside for an "upgrade" – they might.
Click to expand...
Thus increasing my MF so that does not give me any kind of relief.
 
Red elephant said:
Thus increasing my MF so that does not give me any kind of relief.
Click to expand...
It does when you are looking at some of the Harborside weeks. The MF per point on Harborside may be way more than 80 cents. You may also need to buy more than 2000 additional points. If your week is worth 3125. Then you need to come out in the end with at least 5250 points. Meaning you are buying an additional 2175 trust points. The equity trade in value offsets the cost of the 5250 points.
 
I just returned from Kauai. Had to go to a presentation and they were relentless! I decided to actually see what they had to offer that I would want, and not do the "pretend to buy 10,000 points" game. My goal with them was to price 1,500 more points which would get me to 5,000 and is the minimum amount with an incentive.

1500 @ $17.72/point = $26,580
Minus the cost of the package I paid = ($1250?)
10% discount
"Bonus" = 1500 points to use within two years
Plus closing costs of about $950

Based on other posts, things haven't changed much for the big 40th anniversary they kept mentioning: If I purchase, finance through them and make a min. of 18 payments, I receive 1500 points to offset some of the 14% interest I will have paid, which they claimed was around $5000. I said I don't want to pay any interest, to which the reply was the "bonus" package was worth $3000. "Don't you want that? It's worth $3000!" I told them I would still be out $2000 after that "bonus." They didn't appreciate that.

If I open a new Amex then & there, I get 100,000 Bonvoy points and get 0% interest for a year or 18 months. (I can't remember.) I didn't qualify for the card promo because I have another Marriott card. I told them I only wanted the Bonvoy points not the 0%, so if I can't get the points I don't want the card. Salesman said to apply and he'd see if I can get the points as an exception. I said no, I want the points and won't apply unless I know I can get them. He kept telling me to apply - I had to tell him no fewer than four times that I only wanted the points and once the card is opened, I won't be eligible for any promotions within the next year or two, depending on issuer. OMG!

It sounded like they actually thought the Amex and financing credit were combinable. How on earth would I use their financing and a 0% Amex?

Anyhow, they were incredulous at my "no thanks" to their awesome offers. :rolleyes: "Prices are just going up! Don't you want to lock it in now? Blah, blah, blah...."
 
We have a presentation this week at Manor Club ($325 incentive) - the last time we attended one their spiel revolved around using Abound points as your vacation/travel "currency", which of course is insane given the exchange rates for Bonvoy, airlines, hotels, cruises, etc. They typically look at our portfolio (that has lots of flexibility) and are challenged to come up with something, so that's where they went. Should be interesting...we haven't stayed the full 90 minutes (been less than hour) the last 3-4 times we've done a presentation.
 
My sales guy said, "It's up to you. I have no skin the the game." As soon as he said that, I knew he was full of :poop:. He then proceeded to bring in the pushy guy to try and get me to buy.
 
We are heading to Pulse DC tomorrow at the Mayflower. This year we have done an encore presentation for 50K marriott bonvoy points in Boston, then a virtual presentation for 30K marriott bonvoy points (planning a trip to Stockholm and Finland) so wanting to accumulate some bonvoy points. I didn't want to do a presentation for this upcoming trip, however they offered me $400 in certificates that can be used at a few restaurants around the Mayflower, and can be used for the USA tours (there is a nightime monuments tour which looks really good). So, for 90 minutes we will get $400. Hopefully the presentation is as low key as the other ones we attended this year ;)
 
You must log in or register to reply here.
Top