Yeah, any pay your MFs with points will be a terrible value. We'll be lucky if they give as much value as one can get for resort credit.
Am I reading this right? You (NOT YOU SPECIFICALLY) buy points at a large upfront cost, but then think it is a benefit to be able to return those points each year without using them, but still have to pay 75% of the MF on them?
This is a key point when they threaten you that your weeks won't be able to exchange, they will take away rights to elect, and further downgrade the product they sold. So I am supposed to buy something from someone that is telling me they can just yank away benefits in the future "subject to their discretion?"
I have another timeshare where I can pay fees with points and the financial return is c/w what you get with MVC for other cash options. I would expect somewhere in the 34¢ PP range give or take.The only way I'd consider cash type options is for points I didn't have other options on like holding account points or points that were going to expire and couldn't be banked. And I doubt one could use holding account points or points late in the year for such options.
I'm not sure using facts and financial logic talking to a sales rep. is especially helpful or productive. They have their strategies for about every scenario you can throw ad them. If they'r informed and have reasonable intelligence, they'll know the economics already. If not, were Darwin was wrong.
Directed refutation of their garbage, whether financial or otherwise, has been quite productive for us. Not rude, not unprofesional just making them put their money where their lips are moving. Our last 5 tours have average about 30 minutes, with the shortest being 8 minutes. Fun enough for 3-4 steak dinners & drinks.
Personally I think it foolish of them to even include these options as anyone with reasonable intelligence and any degree of due diligence would see it for what it is but it must be effective enough for them to continue to do so. OTOH, what does that say about the average timeshare buyer, it doesn't paint us in a very positive light as a group.
It’s the definition of insanity. You use cash to pay MF to get points usage. You use those points (+ extra cash) to pay next year’s higher MF at a cash per point valuation less than the cash you paid for their use.
Was this someone else also at Oceana Palms?
If sales slime said this time is official then that's an admission of guilt. They have lied in the past and agreed to lies now and in the future.
What did you lose? We only found the additional option for pts was flexibility. Not a great value but options. Did we lose something?
Our person said Westin and Sheraton reps have no clue about mvc
I believe with Wyndham, you first have to convert points to Wyndham Rewards (hotel points), then use the hotel points to pay your maintenance fees.
Don't remember, I tried to find the thread but couldn't.
Vistana Elite status had early check-in and late check-out, not always available but it did exist.
tugbbs.com
We met someone at the pool that had paid 100k to convert their weeks because they said each week was getting a 30k assessment. The owned three weeks. I was like even if that’s true it’s only 90k why would you pay 100…I referred them to Facebook and I believe they canceled the next day.
Lol, people spend huge amounts of money without even applying basic logic.
I've said this before on TUG. I'm always amazed at how otherwise intelligent people who would research an automobile or similar ad nauseam, can be conned by a timeshare sales person in such a manner. They do have to take responsibility for their actions, especially since they are signing acknowledgment that verbal representations are not binding.
Most people don't know what the oral representation clause because they don't read a 20+ page contract on a tiny iPad at the sales office. They are then given a thumb drive that contains the contract, likely with no meaningful way to actually access the contract and read it during their vacation. No one wants to believe someone would outright lie to them, to their face. Timeshare sales people rely on the honesty of the people they are selling to in oder to deceive them. They are truly despicable people.
