MVC trust vs. destination points

[Bullfrog14]

I am having trouble realizing advantage to buying more points in MVC trust vs. just keeping destination points and legacy week. can someone help that has those points please


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[Gemini Chica]

Main advantage is owner level in my opinion, as for need you can just rent the extra necessary points very easily. I do not know of any advantage to trust over legacy points.

 

[Bullfrog14]

we just rescinded a contract. they were buying back out Legacy week 2175 pts. and selling us points to get to 3500 for $15,500. did not think that was a good deal, plus maintenance would go up approx. $800


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[Gemini Chica]

I would never give up my legacy weeks and have never bought trust points as the MF on my legacy weeks/elected points is less than the MF on trust points. Plus with legacy you have the choice of usage or elect to points so why limit yourself?


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[Bullfrog14]

they keep saying that we can only rent or use the newest properties only if we have trust points. it’s very confusing as they make you feel inferior with destination points

 

[Fasttr]

Just say to yourself...”They are just lying salespeople....They are just lying salespeople”.

 

[JIMinNC]

they keep saying that we can only rent or use the newest properties only if we have trust points. it’s very confusing as they make you feel inferior with destination points

They are taking a fact that is technically true, but then not bothering to disclose "the rest of the story."

It is true that all new resorts will be 100% owned by the Trust, and the only points that can book intervals that are in the Trust are Trust Points. What sales did not tell you is that it seems that, in practice, all Trust intervals very rapidly get deposited by MVC into something called the "MVC Exchange", where they are commingled with points that come from enrolled weeks like yours. Once the Trust Point intervals get deposited into the MVC Exchange, they become bookable by all MVC owners who have points - both elected points from enrolled weeks or Trust points. It is conceivable (and allowed by the program rules) that at some point, MVC could give Trust Point owners exclusive access to intervals in the Trust for some period of time before they are available in the Exchange. With the exception of a small number of very high demand weeks that some TUGgers have seen fulfilled directly from the Trust, that does not seem to be happening to any degree...at least so far.

 

[TheTimeTraveler]

they keep saying that we can only rent or use the newest properties only if we have trust points. it’s very confusing as they make you feel inferior with destination points

They'll tell you whatever in order to get you to sign on the dotted line.

Don't worry about Trust Points unless and until you find you are unable to use the Legacy Points. And, if you do find you need to purchase Trust Points then do find them on the resale market (save some $$$).

Another alternative would be to rent the points you need in order to make your reservation (www.VacationPointExchange.com).



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[bazzap]

they keep saying that we can only rent or use the newest properties only if we have trust points. it’s very confusing as they make you feel inferior with destination points

Just ask them to confirm this in writing.
They cannot and will not.

 

[Bullfrog14]

this is new offer from them last night-only 24 hours to respond of course.

Good evening Mr. And Mrs. Geremia. I just wanted to follow up on what we spoke about. My Regional VP approved an override exception and allowed for me to adjust your transaction and save you $4,000. You currently own a grande vista week that you pay $1,673 in maintenance/fees. With 3,250 points, your new maintenance would be $1,983. This transaction would take you from the trial program (enrollment) and make you a trust point owner. You would have direct access to all of the trust inventory that we discussed (old AND the newly acquired)[no more exchanges], you would have lifetime elite status for you two, and be able to book 13 months in advance, if you’d like. You As a bonus you’d receive 2,000 trust points that you have 3 years to use, the credit card purchase incentive of 75,000 bonvoy points and ZERO maintenance until 2023. That’s a $3,000 savings alone, from not having to pay your current maintenance.

as a note, my current maintenance is $1386 for Grande Vista, so I would be acquiring an additional 1075 points for a cost of $11,000 and placing my current legacy week into trust 2175 points. not sure what they mean about zero maintenance until 2023 though. My thought is why didn’t they offer this first?

 

[bazzap]

this is new offer from them last night-only 24 hours to respond of course.

Good evening Mr. And Mrs. Geremia. I just wanted to follow up on what we spoke about. My Regional VP approved an override exception and allowed for me to adjust your transaction and save you $4,000. You currently own a grande vista week that you pay $1,673 in maintenance/fees. With 3,250 points, your new maintenance would be $1,983. This transaction would take you from the trial program (enrollment) and make you a trust point owner. You would have direct access to all of the trust inventory that we discussed (old AND the newly acquired)[no more exchanges], you would have lifetime elite status for you two, and be able to book 13 months in advance, if you’d like. You As a bonus you’d receive 2,000 trust points that you have 3 years to use, the credit card purchase incentive of 75,000 bonvoy points and ZERO maintenance until 2023. That’s a $3,000 savings alone, from not having to pay your current maintenance.

as a note, my current maintenance is $1386 for Grande Vista, so I would be acquiring an additional 1075 points for a cost of $11,000 and placing my current legacy week into trust 2175 points. not sure what they mean about zero maintenance until 2023 though. My thought is why didn’t they offer this first?

I have never seen the words “trial program (enrolment)” used before, whatever that might mean?
This may well be a good deal for you, any deal is always a decision based on personal circumstances and needs.
It details what you will get and what you can do as a result of the purchase.
It doesn’t say that you can’t use enrolled points to book all of the Trust inventory.

 

[rthib]

And remember that if you do want trust points, you can get them cheaper on resale market and after junk fee are just as good as the full price points. And you can buy the amount you want.
I need just 1000 to get the next level at got them cheap

 

[Swice]

Very simply: A point is a point for usage. The other stuff is just legal jumble that has to be on paper to make sales in the past and modern day sales jive.

I totally agree there will be a time in the DISTANT FUTURE where week owners will have a hard time trading into properties (a la a week for a week) and the result will mean bookings will require points. But it will not matter "where' the points come from (trust or legacy).

 

[TravelTime]

They are taking a fact that is technically true, but then not bothering to disclose "the rest of the story."

It is true that all new resorts will be 100% owned by the Trust, and the only points that can book intervals that are in the Trust are Trust Points. What sales did not tell you is that it seems that, in practice, all Trust intervals very rapidly get deposited by MVC into something called the "MVC Exchange", where they are commingled with points that come from enrolled weeks like yours. Once the Trust Point intervals get deposited into the MVC Exchange, they become bookable by all MVC owners who have points - both elected points from enrolled weeks or Trust points. It is conceivable (and allowed by the program rules) that at some point, MVC could give Trust Point owners exclusive access to intervals in the Trust for some period of time before they are available in the Exchange. With the exception of a small number of very high demand weeks that some TUGgers have seen fulfilled directly from the Trust, that does not seem to be happening to any degree...at least so far.

Interesting. When I enrolled my weeks, MVC told me that enrolled points and trust points have the same access to reservations. Were they lying?

 

[Fasttr]

Confused. Initially you said they were buying back your existing week. Is that no longer the case??

Never buy points based on fear and salesperson double talk. Only buy If you want/need more points, then evaluate the deal in front of you, otherwise politely say no thanks.

 

[jont]

Just say to yourself...”They are just lying salespeople....They are just lying salespeople”.

serenity now...serenity now

 

[Mlvnsmly]

If that guy told me I was a trial member, I'd never talk to him again.

 

[JIMinNC]

Interesting. When I enrolled my weeks, MVC told me that enrolled points and trust points have the same access to reservations. Were they lying?

Nope. Not lying. As I said in my post. What you were told is the way it currently works for all practical purposes. Virtually all Trust intervals get moved into the MVC Exchange and commingled with enrolled/elected intervals, so both enrolled and Trust points have equal access. But as I also said above, the MVC program documents do allow reservations to also be fulfilled directly from the Trust. At some point in the future, MVC could within the rules allow Trust owners-only access to certain Trust intervals. They haven't done this in over 10 years to any extent, but they do have the legal right to do so.