• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG started 27 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Check out our happy birthday post here: Happy Birthday TUG!
  • TUG has now saved timeshare owners more than $15,000,000 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 $14 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • 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!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

New Worldmark owner

umasubra

Guest
Joined
Dec 25, 2018
Messages
3
Reaction score
5
Points
3
Ok, we attended a Sales presentation yesterday and ended up buying the timeshare. Now after lurking in the forums, I wonder if we made a huge mistake. We ended up buying 20K credits @ $1.81 per credit. Got 20K one time bonus and two RCI bonus weeks for the first year. What do you think about this deal? Now that we have this, I want to make it work for us and book some awesome trips. Any pointers/tips/advice welcome.
 

tseebach

Guest
Joined
Dec 25, 2013
Messages
21
Reaction score
18
Points
63
Location
San Jose, CA
Rescind now and save about $30K by buying resale

You only have a week to do it and follow instructions that should be in sales material you received. Don’t call or let them talk you into delaying. Send certified letter tomorrow.
 
Last edited by a moderator:

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,673
Reaction score
3,700
Points
749
Location
Florida
absolutely rescind..you just saved yourself a fortune!
 

Sandy VDH

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
7,886
Reaction score
2,312
Points
498
Location
Houston, TX
Resorts Owned
Wynd VIP Plat, HGVC Elite, HICV, + few others
my quote is always " You have one opportunity to rescind, and a lifetime to rebuy (either resale or from the developer)."
 

Passepartout

TUG Review Crew: Veteran
TUG Member
Joined
Feb 10, 2007
Messages
23,576
Reaction score
9,211
Points
799
Location
Twin Falls, Eye-Duh-Hoe
Points acquired by resale are EXACTLY the same as those bought from WM. And those bonus weeks are under $300 each and available to ALL RCI (and WM and Wyndham) owners. It's not worth spending $10s of thousands to buy. The Post Office will be open tomorrow to take your Certified letter and save you thou$ands.

Jim
 

umasubra

Guest
Joined
Dec 25, 2018
Messages
3
Reaction score
5
Points
3
Thank you. If we rescind and buy resale, can we still use Bonus Time, RCI, etc.? What will we lose?
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,673
Reaction score
3,700
Points
749
Location
Florida

geist1223

Guest
Joined
May 20, 2015
Messages
3,684
Reaction score
3,187
Points
299
Location
Salem Oregon
Resorts Owned
Worldmark 89,000
Seaside Oregon Residence Club
DRI Hawaiian Collection 50,500
Royal Solaris San Jose del Cabo
Thank you. If we rescind and buy resale, can we still use Bonus Time, RCI, etc.? What will we lose?
You will not lose Bonus Time, Monday Madness, or Inventory Specials. You will have to join RCI on your own or II. Neither is a major expense. You will have to pay for WIFI on your own. Again not a major expense. You will lose Club Pass - direct Booking into Wyndham Resorts and you will lose the ability of Booking directly into Worldmark South Pacific Resorts.
You will still get HKC and GC based upon the number of resell Points/Credits you buy.
 

breezez

TUG Member
Joined
Jul 1, 2015
Messages
1,019
Reaction score
689
Points
224
Location
Dover, FL
Resorts Owned
WorldMark 39K
Wyndham 406K
RCI Points 196K
Hyatt Pinon Pointe
Hyatt Coconut Plantation
Typically 20,000credit accounts resell loaded with 2 years of credits - total 40K credits sell for around $7,000.

Going market price for 20K one time use credits. $1400. However new accounts have 1 year of use credits. This bonus just brings your account to a fully loaded status for first year so basically this is 0 additional value to resell above.

2 RCI last minute getaways $600

Total value, $7600

$36,200 developer cost - $7,600 open market costs. You have just saved a boat load.

Yes you loose access to South Pacific... Unless you got tons of money getting their annually would be cost prohibitive anyway.

Yes you loose some perks. Like club pass... Not that big of a deal if you really want access to Wyndham resorts just buy a low MF one off eBay for $1.00 - $200... About 250K Wyndham Points gets you a redweek 2 bedroom almost any resort for a week.

Club pass can’t currently be booked online either you must call a vacation rep to check availability, basically you get access to scraps Wyndham owners don’t book.

RCI Included and ability to do nightly RCI stays, ability to use credits for other travel stuff are only possible only by joining Travelshare. Most owners don’t see Travelshare as a benefit but an expensive curse. If you want RCI just pay for it a lot cheaper and the other benefits of Travelshare are basically worthless except free resort internet, but again for just a few bucks you can get this on any stay.

If you want to trade your WM for other locations I would recommend II verse RCI for the quality of resorts you can get. I posted a video awhile back if you look at my history showing what the generic WM Float could pull in II for trades.
 
Last edited:

clifffaith

TUG Member
Joined
Feb 24, 2016
Messages
3,374
Reaction score
2,966
Points
348
Location
San Pedro, CA
Workdmark is a wonderful timeshare outfit, especially if you live on the west coast. Whichever way you purchase it, I think you'll be pleased with the selection of resorts. Just know you'll need to pre-plan and book 13 months out or put yourself on the wait list that far out for reservations at popular resorts in popular seasons.
 

ecwinch

Moderator
Joined
Jun 6, 2005
Messages
3,728
Reaction score
1,105
Points
548
Location
San Antonio
Resorts Owned
Marriott Harbour Point (HP), Kauai Beach Villas, Riverside Suites, WorldMark Pts (WM), Wyndham Pts
Congrats...it is a decision you will not regret.
 

geist1223

Guest
Joined
May 20, 2015
Messages
3,684
Reaction score
3,187
Points
299
Location
Salem Oregon
Resorts Owned
Worldmark 89,000
Seaside Oregon Residence Club
DRI Hawaiian Collection 50,500
Royal Solaris San Jose del Cabo
Thank you so much! We submitted our rescission today morning. Once it goes through, we are in the market for ownership via resale. Relieved and excited!
There are resell accounts available on EBAY, TUG, and www.wmowners.com/forum. The last one listed is a Forum for WMTC Owners by Owners. It is not associated with WMTC or Wyndham.
 

DaveNV

TUG Review Crew: Expert
TUG Member
Joined
Jun 1, 2006
Messages
15,542
Reaction score
14,809
Points
898
Location
Mesquite, Nevada
Resorts Owned
WorldMark
Thank you so much! We submitted our rescission today morning. Once it goes through, we are in the market for ownership via resale. Relieved and excited!
Congratulations on saving a LOT of money! Just to give you a real world perspective: I bought WorldMark last year on eBay. I got a fully-loaded 12K credit account (meaning basically 36K credits to start off with) for the low-low total price of $1556, out the door. A pretty substantial difference. :) Buy resale!

Good luck!

Dave
 
Top