Points Presentation

[Tokapeba]

I just finished a points presentation. Most seemed up & up, the usual and I was only there for the agreed 90 minutes. That said I have 1 big question.

I was told $14.70 was the cost for each point in 10,000 increments and In the future if I wanted to sell them back to Marriott they would take them back at 60% of the current published price. After we declined all offers he asked if we would buy for half price. Again we politely declined.

My question is, should I have taken him up on the 50% off offer and then sold back the day after escrow closed?

 

[Fasttr]

A half priced deal would likely have been a hybrid deal of enrollable resale brokered week(s) + points for an all in price of around $7ish a point. Even if the 60% buyback deal on the points was real (a really big if), it would have likely only applied to the points side of the deal.... so not a buy at 50% of rack rate and return at 60% of rack rate in order for you to make money type of deal.

 

[Steve Fatula]

I doubt there is such a buyback deal. I also doubt you have to buy in 10,000 point increments! Not everything the salesman tells you is true...

 

[JIMinNC]

The only Points buybacks by Marriott I've seen reported here on TUG were in the $2/point range. Certainly not 60%.

 

[Tokapeba]

What do they say, if their lips are moving,???

 

[geist1223]

If you run into something like this offer again tell them to put it in writing as an addendum to the contract incorporated by reference.

 

[SeaDoc]

I just finished a points presentation. Most seemed up & up, the usual and I was only there for the agreed 90 minutes. That said I have 1 big question.

I was told $14.70 was the cost for each point in 10,000 increments and In the future if I wanted to sell them back to Marriott they would take them back at 60% of the current published price. After we declined all offers he asked if we would buy for half price. Again we politely declined.

My question is, should I have taken him up on the 50% off offer and then sold back the day after escrow closed?

All puffery. Neither option was legitimate. Testing your interest.


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[brianfox]

I doubt there is such a buyback deal. I also doubt you have to buy in 10,000 point increments! Not everything the salesman tells you is true...

Fixed it

 

[Dean]

I just finished a points presentation. Most seemed up & up, the usual and I was only there for the agreed 90 minutes. That said I have 1 big question.

I was told $14.70 was the cost for each point in 10,000 increments and In the future if I wanted to sell them back to Marriott they would take them back at 60% of the current published price. After we declined all offers he asked if we would buy for half price. Again we politely declined.

My question is, should I have taken him up on the 50% off offer and then sold back the day after escrow closed?

I'd want to get any buy back guarantees in writing but they won't do that so misinformation at best. The $7 pp might be a hybrid or it might just be the old sales technique of getting you to say yes then moving the bar blaming it on someone else.

 

[travelinmom]

Where were you for the presentation? Orlando is the only place we’ve been told about a buyback option. We’ve attended other presentations in other cities and they didn’t mention anything about a buyback program. When we declined to buy, the salesman got truly nasty.


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[mbstn6254]

I just finished a points presentation. Most seemed up & up, the usual and I was only there for the agreed 90 minutes. That said I have 1 big question.

I was told $14.70 was the cost for each point in 10,000 increments and In the future if I wanted to sell them back to Marriott they would take them back at 60% of the current published price. After we declined all offers he asked if we would buy for half price. Again we politely declined.

My question is, should I have taken him up on the 50% off offer and then sold back the day after escrow closed?

I was told the same EXACT thing when I purchased additional points about two years ago. When I inquired about selling my points back I was offered $1.87 per point. As far as my experience goes, it is an out and out LIE. I don't know how they get away with this.

And yes...it was in Orlando. The corperate home of MVC

 

[Tokapeba]

In was told this in Park City. I didn’t believe it, but he was a SENIOR salesman!!!

 

[Steve Fatula]

In was told this in Park City. I didn’t believe it, but he was a SENIOR salesman!!!

silly you!