• 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 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 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 $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • 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!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Newbie - having second thoughts

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
Hi,

Apologies ahead of time for the long post.
I read a lot of the stickies on this site after our first sales presentation so we know the basics. (e.g. resale weeks can't be enrolled without additional purchase direct from MVC, resale points can be enrolled with $3/pt + other fees to MVC)

Last year we stayed at the Marriott Stelarris Resort and attended a sales presentation. We didn't buy any points but signed up for a getaway at Aruba Surf club which we just returned from. We stayed in 1BR and really liked the size, kitchen, laundry, etc. This time they started talking about points but then brought up a week in St Kitts. We did sign up for that, but now having some second thoughts and wonder if I could get your opinions on the details.

It's 1 floating week in a 2BR OS unit during the platinum season, which can convert to 4025 Abound points for $33,524 after various promo codes including a "40th year MVC anniversary" discount. MF are $2,398. Since we're financing we would get 3500 points at first payment, then another 4000 pts at payment 18 (after that we'd pay it off). The unit doesn't lock off into separate 1BR + studio but can be split into 3nt & 4nt stays. Include platinum Bonvoy status

Thinking to rescind and then just dip my toe in with a resale 2BR lockoff week in Orlando or Vegas, and see if we'd be happy with that for trading. Then in the future think about purchase direct from MVC to enroll the resale week, if still possible in the future. Part of why we thinking of not rescinding is we like the idea of flexibility with being able to convert to Abound points since we have no idea how successful we would be trading a resale week, and partly fear of missing out. They said special discount for 40th year anniversary and they are running out of weeks to sell in St Kitts (not sure if that's true or not)

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?
Not really. We've done mainly cruises to the Caribbean & Bermuda, but really want to start expanding. Would like to visit Asia and Greece in the future.

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
Most likely trade more than half

3) What are your 5 top trade destinations?
Caribbean, Mediterranean (Greece/Italy), Asia, Florida

4) How many people do you usually travel with - total, including yourself?
4 including 14 & 16 year olds

5) Can you travel any time, or are you locked into the school schedule?
Locked into school schedule for next 6 years

6) Can you make firm plans 12 or more mos. in advance?
Yes

7) Can you vacation for a full week at a time?
Yes

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
3.5 - 4 stars

9) How much can you afford to spend upfront, without financing?
25k

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
2,500

11) Are you a detail oriented planner?
Yes

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
Yes

Any and all opinions are appreciated!
 

claraj

TUG Member
Joined
Jun 30, 2023
Messages
577
Reaction score
479
Location
Big Apple
Resorts Owned
Marriott Grande Vista, Marriott Los Suenos
@jnginma Welcome to TUG! I think rescinding and taking time to research is the best approach. Can you describe the special 40th anniversary incentives? We may be able to tell you whether they are actually incentives or something that's usually offered regardless. The only real extra 40th anniversary incentive I saw was an extra 40,000 Bonvoy points, which isn't really worth much.
 

TheTimeTraveler

TUG Member
Joined
Jan 23, 2008
Messages
6,084
Reaction score
2,963
Location
Florida
Think of the airline headaches (and expenses) in order to routinely travel to St. Kitts. Definitely rescind and do your homework.

Welcome to TUG!









.
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,915
Reaction score
20,346
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Think of the airline headaches (and expenses) in order to routinely travel to St. Kitts. Definitely rescind and do your homework.

Welcome to TUG!
I don't know about the rescission laws in St Kitts, but I know that in Aruba there is no provision for rescission when buying an Aruba week. It may be different if buying a St Kitts week while in Aruba. Certainly best to read through the contract.
 

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
@jnginma Welcome to TUG! I think rescinding and taking time to research is the best approach. Can you describe the special 40th anniversary incentives? We may be able to tell you whether they are actually incentives or something that's usually offered regardless. The only real extra 40th anniversary incentive I saw was an extra 40,000 Bonvoy points, which isn't really worth much.
I didn't get a picture of exactly what that was. The manager just had a drop down on the screen that he picked and then he typed in an amount. It was between $1500 & $2000 because the original price was $35,xxx.
 

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
I don't know about the rescission laws in St Kitts, but I know that in Aruba there is no provision for rescission when buying an Aruba week. It may be different if buying a St Kitts week while in Aruba. Certainly best to read through the contract.
The contract has 7 days to cancel, and a NYS addendum that says I have 7 business days to cancel. I signed on 7/2.
 

jp10558

TUG Member
Joined
Oct 31, 2022
Messages
971
Reaction score
645
Location
Southern Tier NY
Resorts Owned
HGVC Seaworld
Wyndham Smoky Mountains
Foxrun Lake Lure
I don't know about MVC prices - I know they're so far higher than I'd like to pay - but even with re-enrolling MVC I don't think there's anyway it's close to $35,000. Rescind, do your research (do you really want MVC, or just a timeshare system?) and see what you can do for well under $10,000. Even if people will talk down doing RCI or II trades due to the ~$300 exchange fee - You could exchange once a year for the next 40 years for less than the difference between the $10k and the $35k....

All the enticements of bonus points etc aren't that useful IMHO - at resale prices just buy more points forever IMO.
 

claraj

TUG Member
Joined
Jun 30, 2023
Messages
577
Reaction score
479
Location
Big Apple
Resorts Owned
Marriott Grande Vista, Marriott Los Suenos
I didn't get a picture of exactly what that was. The manager just had a drop down on the screen that he picked and then he typed in an amount. It was between $1500 & $2000 because the original price was $35,xxx.
$1500-$2000 discount is pretty typical. At the Los Suenos resort in Costa Rica, I was offered a $1600 discount for an upcoming Encore Stay I paid for (sounds like you were in Aruba on an Encore stay, so they likely applied that), $2,000 Linkage credit for staying in a Marriott hotel within 2 weeks of my stay at Los Suenos and I believe another 10% discount. At the end of the day, I think they are allowed to add sweeteners to an extent and always try to make it sound like they are bending over backwards to get you the best "deal."
 

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
$1500-$2000 discount is pretty typical. At the Los Suenos resort in Costa Rica, I was offered a $1600 discount for an upcoming Encore Stay I paid for (sounds like you were in Aruba on an Encore stay, so they likely applied that), $2,000 Linkage credit for staying in a Marriott hotel within 2 weeks of my stay at Los Suenos and I believe another 10% discount. At the end of the day, I think they are allowed to add sweeteners to an extent and always try to make it sound like they are bending over backwards to get you the best "deal."
We did get credit for our Encore stay but I didn't include it in the numbers above because it offset the closing cost.

So I guess the 40th anniversary discount wasn't really more than usual...

Then another question, if we got a resale platinum Orlando week (e.g. Grand Vista), would we have success trading it through II for Myrtle Beach, Aruba or St Kitts during the summer?
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,915
Reaction score
20,346
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
We did get credit for our Encore stay but I didn't include it in the numbers above because it offset the closing cost.

So I guess the 40th anniversary discount wasn't really more than usual...

Then another question, if we got a resale platinum Orlando week (e.g. Grand Vista), would we have success trading it through II for Myrtle Beach, Aruba or St Kitts during the summer?
St Kitts and Aruba most likely. Myrtle Beach is questionable. A lot of demand and not many owners deposit their weeks into II.
 

claraj

TUG Member
Joined
Jun 30, 2023
Messages
577
Reaction score
479
Location
Big Apple
Resorts Owned
Marriott Grande Vista, Marriott Los Suenos
Aruba or St Kitts during the summer
I haven't paid super close attention, but I am certain I've seen Getaways in Interval International pretty regularly for St. Kitt's for about $800 per week. At the moment there's one for July 14 check in and Sept 1 check in.
IMG_20240704_171356.jpg
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,915
Reaction score
20,346
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
I haven't paid super close attention, but I am certain I've seen Getaways in Interval International pretty regularly for St. Kitt's for about $800 per week. At the moment there's one for July 14 check in and Sept 1 check in.
View attachment 95737
Yeah, St Kitts is a pretty easy trade and shows up on getaways often. Aruba in summer isn't that hard as it isn't peak season like winter. The main issue will be with Myrtle Beach. That one isn't easy even with the best deposits. Though my wife did see some last minute HHI summer weeks show up in II in the middle of the night.
 

HudsHut

TUG Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
4,117
Reaction score
1,337
Welcome to TUG ! We're very glad you found us @jnginma
Getting an exchange into St Kitts is a slam dunk. Aruba is likely. Marriott in Myrtle Beach is your hardest trade.
 

Pamplemousse

TUG Member
Joined
May 5, 2016
Messages
2,505
Reaction score
1,484
I would rescind solely because I would never finance a luxury.
If you really want to try ownership and have available cash buy a resale and exchange on II.
 

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
I would rescind solely because I would never finance a luxury.
If you really want to try ownership and have available cash buy a resale and exchange on II.
We did that for the 7500 plus points, but afterwards realized that probably wasn't worth it, another reason to rescind.
 

Fasttr

TUG Review Crew
TUG Member
Joined
Jun 26, 2013
Messages
6,351
Reaction score
3,548
Location
Connecticut
Resorts Owned
Marriott's Grande Ocean (Enrolled)
MVC Trust Points
Re the finance points. The 3500 after the first payment are likely worth it. The 4000 after 18 months certainly not, as you can rent points for about 75 cents each.
 

Venter

TUG Member
Joined
Oct 3, 2009
Messages
783
Reaction score
266
Location
Denver
Resorts Owned
Marriott's Club Son Antem, Marriott's Lakeshore Reserve, Marriott Vacation Club @ Los Suenos, MVC points, Sheraton Lakeside Terrace, Sheraton Flex, Westin Flex, Aventuras
When Marriott Vacations Club was 25 we got 25% discount at Lake Shore Reserve.
 

rcv82

TUG Member
Joined
Dec 6, 2020
Messages
409
Reaction score
307
Location
Colorado
Resorts Owned
SMV
WKORV (OFD)
Westin Flex
MVC Trust
GTL
GP8
CWA
Rather than buying in Orlando, maybe a resale summer week on HHI would serve you better.


Sent from my iPad using Tapatalk
 

jnginma

Guest
Joined
Aug 26, 2023
Messages
7
Reaction score
4
Location
NYC
Rather than buying in Orlando, maybe a resale summer week on HHI would serve you better.


Sent from my iPad using Tapatalk
Can you explain how HHI would be better than Orlando? Is HHI a better trader? Thanks
 

dioxide45

TUG Review Crew: Expert
TUG Lifetime Member
Joined
May 20, 2006
Messages
48,915
Reaction score
20,346
Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Can you explain how HHI would be better than Orlando? Is HHI a better trader? Thanks
If you want to go to Hilton Head in the summer, then buy Hilton Head. If you want to exchange, then don't buy Hilton Head. It certainly trades well but that is because you have to trade a whole 2BR because none of the Hilton Head properties are lock off.
 

jwalk03

TUG Review Crew: Expert
TUG Member
Joined
May 3, 2016
Messages
3,883
Reaction score
2,998
Location
Ohio
Can you explain how HHI would be better than Orlando? Is HHI a better trader? Thanks

Hilton Head summer weeks are tough trades. So if you want to go there regularly you should likely buy where you want to go.

Not great for trading since they are all full 2BR (or 3 at Surfwatch). Would trade great- but not the most economical way to trade without a lockoff.

A platinum HHI week will be significantly more expensive to buy than an Orlando trader week as well.
 

Dean

TUG Review Crew
TUG Member
Joined
Jun 7, 2005
Messages
10,205
Reaction score
3,822
Thanks everyone for the welcome and feedback!
My letter to rescind was sent certified mail on Friday.
I'd spend some more time investigating. I don't get the sense that you'll be satisfied with exchanging Marriott or Marriott in general as you've presented your situation, esp for no Caribbean/US options. At least if you get a good but cheap trader, you won't be in for a major investment but will have a fairly sizable yearly commitment.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
32,923
Reaction score
9,661
Location
The Centennial State
Resorts Owned
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
The Greece/Italy is tough to get with any kind of decent accommodations; otherwise, you would be fine with a great trader.

We own Marriott Palm Desert lockoff platinum weeks and Marriott's Willow Ridge weeks, and those are awesome traders. The fees for Palm Desert are around $2,200 with taxes, I think, and you can lock those off for two deposits.
 
Top