My 1st bonafide Wyndham resale contract purchase!

[thegizzard]

I still say rent from a vip if you travel within the 60 day window. Its the Cheapest way to travel with no obligations to maintenance fees or costs to purchase.

Where can I learn more about renting from a VIP?

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[silentg]

I’m always astounded when someone goes into the value of a timeshare. My Dad thought they were the worst real estate investment. I tried to tell him you are buying a vacation not a real estate property. We have always viewed our timeshares as a good value vacation. It’s hard to go back to a hotel after having a timeshare vacation. Points, TPU, fixed , floating, it can boggle your mind. We enjoy traveling and timeshares have allowed us to go to many places we might not have gone if we didn’t have them.
All the timeshares we have now are resales, we still exchange and also stay at our own timeshares too!
If OP is happy with his investment and likes to use his timeshare for rental to pay maintenance fees, then good for him. Everyone should enjoy their timeshare whatever way they want.
Safe travels,
Silentg

 

[dgalati]

I’m always astounded when someone goes into the value of a timeshare. My Dad thought they were the worst real estate investment. I tried to tell him you are buying a vacation not a real estate property. We have always viewed our timeshares as a good value vacation. It’s hard to go back to a hotel after having a timeshare vacation. Points, TPU, fixed , floating, it can boggle your mind. We enjoy traveling and timeshares have allowed us to go to many places we might not have gone if we didn’t have them.
All the timeshares we have now are resales, we still exchange and also stay at our own timeshares too!
If OP is happy with his investment and likes to use his timeshare for rental to pay maintenance fees, then good for him. Everyone should enjoy their timeshare whatever way they want.
Safe travels,
Silentg

Agree just find a way to make it work for you.

 

[HitchHiker71]

I’m always astounded when someone goes into the value of a timeshare. My Dad thought they were the worst real estate investment. I tried to tell him you are buying a vacation not a real estate property. We have always viewed our timeshares as a good value vacation. It’s hard to go back to a hotel after having a timeshare vacation. Points, TPU, fixed , floating, it can boggle your mind. We enjoy traveling and timeshares have allowed us to go to many places we might not have gone if we didn’t have them.
All the timeshares we have now are resales, we still exchange and also stay at our own timeshares too!
If OP is happy with his investment and likes to use his timeshare for rental to pay maintenance fees, then good for him. Everyone should enjoy their timeshare whatever way they want.
Safe travels,
Silentg

Agreed. Richelle and I often say that obtaining VIP is entirely a perceived value based decision. Many feel there is no perceived value, others like me who have done some math and whose vacation style and needs match up pretty well to the available VIP benefits have made different decisions. There are certainly also quality of life benefits to be sure (better accommodations as you mention) , that each person needs to weigh into their decision making processes.

What I cannot currently justify is any additional developer points purchases since all of the previously used loopholes to minimize costs have been closed. So unless something changes we will fall back to VIPG after Sept 2020 when our bonus point contract expires. So I’ve been watching the resale market for several months until the right size deal finally came along. Score!


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[HitchHiker71]

Always interesting to see an analysis - personally I decided long ago that there was no way that levels of VIP made financial sense.Still it is good to revisit the topic from time to time and do so occasionally. Congratulations on achieving your goals though.

I didn't follow the logic above in a couple of places. I think you double counted and the line "718k+606k=1,324k effective points" should be 359K + 606K=965K. That is the 50% of points you didn't get discounts and upgrades on plus the 50% of points adjusted for those factors.

Also I think there is an error that goes the other way, points to which a discount of 35% is applied to, to result in 359K, is 552K and not 484.65K.

I didn't follow these potential changes through further.

Numbers adjusted accordingly.

 

[dgalati]

Where can I learn more about renting from a VIP?

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Network with VIP members here or you can fi d them on Facebook Wyndham site.

 

[jwalk03]

Where can I learn more about renting from a VIP?

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I have had great success renting from VIP owners here on TUG. If you join you can post a wanted ad in the marketplace, and you should get various responses from folks here willing to rent. If you are looking for something soon, you can also post in the last minute wanted forum, and will likely get responses.

It’s helpful to be REALISTIC is what you are asking for. Don’t ask for a 4BR Presidential at Bonnet Creek during Christmas for example. I mean I guess you can ask for what you want, but don’t except a ton of success if the request is for an especially hard to get rental. Be prepare for a snarky answer or two.