Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [MERGED]

[Papillon]

I have now had all the paperwork from the U.K law Company and it sets out that Marriott are infact one of the companies that have fallen fool of this law and are liable to pay refunds.
In my case I did pay for my week in full within 3 months so I have a claim to make.
I am not being asked to pay any money up front but the commisssion I have to pay if they get my money back is high, but that I am sure is due to all the costs they must take on.

 

[Dean]

I have now had all the paperwork from the U.K law Company and it sets out that Marriott are infact one of the companies that have fallen fool of this law and are liable to pay refunds.
In my case I did pay for my week in full within 3 months so I have a claim to make.
I am not being asked to pay any money up front but the commisssion I have to pay if they get my money back is high, but that I am sure is due to all the costs they must take on.

I'd contact Marriott first before committing to a company that was going to charge a hefty fee.

 

[Papillon]

I'd contact Marriott first before committing to a company that was going to charge a hefty fee.

That’s a very good point, I will do just that

 

[BocaBoy]

...I don't think that what you propose would be great. There are already usage perks and benefits afforded to those who hold higher status via ownership/membership, which don't cut into the company's admin costs or profit margins. Those are enough for me.

Like dansimms, I strongly disagree. This would help resale valuers tremendously, and that is HUGE. It could easily increase the resale value of a desirable timeshare week by many thousands of dollars.

 

[JIMinNC]

Like dansimms, I strongly disagree. This would help resale valuers tremendously, and that is HUGE. It could easily increase the resale value of a desirable timeshare week by many thousands of dollars.

I agree that such a policy would do wonders for resale values, and would be great for owners, but why would MVC want to do this? What's in it for them? In fact, allowing certain resales to retain all benefits would allow resales to better compete with their direct sales, so they would seem to have a disincentive to offer an option like that. While if it were only offered to higher-tier owners, MVC might benefit some from people "buying up", if I could buy up by buying resale, even if resale prices doubled, it would probably still be cheaper than direct, so MVC would just be enabling resales to compete with their main revenue source.

 

[dansimms]

Hundreds of MVCI Sales Reps would be stoked !

 

[BocaBoy]

I agree that such a policy would do wonders for resale values, and would be great for owners, but why would MVC want to do this? What's in it for them? In fact, allowing certain resales to retain all benefits would allow resales to better compete with their direct sales, so they would seem to have a disincentive to offer an option like that. While if it were only offered to higher-tier owners, MVC might benefit some from people "buying up", if I could buy up by buying resale, even if resale prices doubled, it would probably still be cheaper than direct, so MVC would just be enabling resales to compete with their main revenue source.

I don't disagree with you on what Marriott would be motivated to do, but I feel it would be the right thing to do. And I really think it would significantly benefit their ability to sell trust points to upgrade memberships to the higher level. Also, we on TUG often seem to assume that most buyers have knowledge of the resale market. They still don't, so selling points will still occur almost as frequently. Making the change suggested would only have effect on the margins, but would be hugely significant to many of the higher level owners. I think that would have many benefits for the whole program. I would be very surprised to see it happen, however.

 

[dansimms]

When I think back to my last purchase to get to Chairman, it was about $30,000. Had it been a case where I knew my equity would also be enhanced by $30,000 or more, I would have concluded that it was closer to being a no brainer. When I go on a tour these days, the Sales Rep has zero shot at having me add to my portfolio. I also think if you are at the top level in the program you should be offered a straight Destinations Point Purchase of $7.50 a point. That would also cause me to consider getting more and not having to buy a hybrid package. My suggestions would be a win for the customer as well as for MVCI.

 

[Papillon]

UPDATE

I am now well into the process of getting a FULL refund for my timeshare, based on the contract I signed being not legal.

I paid a deposit within 90 days.
The length of the timeshare was more than 50 years.
I was not given a fixed week.

I am working with a U.K Company that are not even charging me a fee upfront.

I will post again soon how I get on.

 

[Iggyearl]

Papillon, I would go to www.insidetimeshare.com and look at today's article on Marriott and Spain. Good background info no matter how you proceed with the U. K. company. Please note that legal proceedings regarding this matter have to be done in Spain - and in Spanish. All filings and briefs have to be done by those fluent in Spanish. English is not a permitted language. The most successes reported by insidetimeshare have been done by a Spanish law firm - Canarian Legal Alliance, or CLA. Your U.K. firm may be using them on a referral. Read as much as you can on that site to acquaint yourself with the developing story. It seems that CLA is getting a return of purchase funds as well as attorney's fees. Something to ponder, when you are paying a commission.

 

[dagger1]

[Merged.]

Just received an email from MVC offering to allow purchases of “external” weeks from 2010 to May 17, 2018 to enroll their weeks with a Points purchase.

 

[Theiggy]

Haha just as I am reading same email Tapatalk sent me a notification that you posted this! I guess they are enrolling everyone now if you buy points. How much does 3000 points go for?


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[Theiggy]

Offer ends Sept 5


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[nicolass]

What are the terms?

Could you copy/paste the mail to this forum?

 

[dagger1]

 

[dagger1]

Buy 3000 points for one week enrollment, 4000 points for two weeks.

 

[Theiggy]

What are the terms?

Could you copy/paste the mail to this forum?

FYI I only own a resale purchased this year at MSC.

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[dagger1]

Don’t know the price, have to call to find out.

 

[JIMinNC]

It's the same offer that has been on the table since late May, and was also offered three or four other times since 2015. Here's the full email.

 

[Fasttr]

This promotion has been running for a while now. They likely just wized up and figured they would make it more public.

 

[JIMinNC]

Don’t know the price, have to call to find out.

These were the prices back in late May when the offer was made to us. Since we only have one EOY week that is not enrolled, we declined.

****The 3000 point package is as follows:


$41,880 at $13.96 a point. There are two different options on this package:

1. 15% discount at $11.86 a point is a purchase price of $35,580 AND you will receive 3000 Destination points

OR

1. 20% discount at $11.16 a point which is a purchase price of $33,480.00 (only discount)

**If you use our financing for 18 months we will deposit another 3000 Destination points in to your account. There is no pre-payment penalty with using our finance.



****The 4000 point package is as follows:


$55,840.00 at $13.96 per point. The incentives are below:

1. 20% discount at $11.16 a point which is a purchase price of $44,640.00 AND 4000 Destination points

**If you use our financing for 18 months we will deposit another 4000 Destination points in to your account. There is no pre-payment penalty with using our finance.

 

[nicolass]

Wow - far to expencive.

 

[dagger1]

Way to rich for my blood...

 

[Theiggy]

No way!


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[JIMinNC]

Wow - far to expencive.

Way to rich for my blood...

It is expensive, but if you have one or more fairly high-point value un-enrolled week(s) and need/want a lot of Destination Points or to easily get to Presidential or Chairman's status, it's probably the cheapest path to take. It can result in a cost per point of well under $6/point, which is even lower than buying resale Destination Points.