macnewbie
Guest
We are currently staying at Pueblo Bonito Sunset and attended the presentation. We know the cardinal rule is to never buy from the developer and in fact the couple TS we own came to us through inheritance and in resale.
However, the deal we have sitting on our dinner table to consider has us thinking as it is structured differently from the traditional contract (or at least new to us) - would love some help identifying the problem areas or the blind spots we might later regret:
Relevant facts - please let me know what else is required to provide some advice:
1. RTU, 100 years
2. Points based 300 "universal" points + 300 "platinum" points, which are enough for a Montecristo week in weeks 1-50, or several lower grade (but still quite nice) accommodations within the Pueblo Bonito system.
3. MF is only required once every 5 years (the "refurbish" maintenance fee), otherwise you pay if you use/bank the points in a given year. Amount is ~$5/pt
4. Montecristo itself does not trade into RCI, but the points can be used to book other Pueblo Bonito units that can be banked into RCI
5. Montecristo trades pretty well into Registry Collection
6. MF increases pegged to CPI
I see a handful of low-dollar Montecristo sales on eBay, but most of those are fixed week + mandatory maintenance fees. I also see some resale offers on redweek etc but most of them are fixed week too. The only resale I found in the points system like we are being offered is well below the Montecristo "list" price ($90k) but higher than what we are being offered by the PB sales team. link
What are the areas of this offer that I am not thinking about?
However, the deal we have sitting on our dinner table to consider has us thinking as it is structured differently from the traditional contract (or at least new to us) - would love some help identifying the problem areas or the blind spots we might later regret:
Relevant facts - please let me know what else is required to provide some advice:
1. RTU, 100 years
2. Points based 300 "universal" points + 300 "platinum" points, which are enough for a Montecristo week in weeks 1-50, or several lower grade (but still quite nice) accommodations within the Pueblo Bonito system.
3. MF is only required once every 5 years (the "refurbish" maintenance fee), otherwise you pay if you use/bank the points in a given year. Amount is ~$5/pt
4. Montecristo itself does not trade into RCI, but the points can be used to book other Pueblo Bonito units that can be banked into RCI
5. Montecristo trades pretty well into Registry Collection
6. MF increases pegged to CPI
I see a handful of low-dollar Montecristo sales on eBay, but most of those are fixed week + mandatory maintenance fees. I also see some resale offers on redweek etc but most of them are fixed week too. The only resale I found in the points system like we are being offered is well below the Montecristo "list" price ($90k) but higher than what we are being offered by the PB sales team. link
What are the areas of this offer that I am not thinking about?