Possible Re-Sale Path to VIP Status?

[Cheryl20772]

Cheryl and Ron,

I agree that is how it currently reads but they can, of course, change the wording at any time. Seems to me that, once again, discretion is the better part of valor. Some communications and musings are much more appropriate in a less public venue.

For us it's a moot point. We don't plan to have our wills pay out until at least another 15 or 25 years go by. I wonder what Wyndham will look like by then?

Can you imagine the ads from people looking for someone to put in their will to inherit their you know what?

 

[The Big Kahuna]

That retail purchase will cost you $12000 to $27000 depending on where you do it. National Harbor quoted me $27000 when I was there recently and Corporate sales offered me a contract for $12000

How would one contact "Corporate Sales" if one wanted to buy developer points directly from them rather than from Wydham's usual retail sales offices?

Thanks in advance!

 

[ronparise]

How would one contact "Corporate Sales" if one wanted to buy developer points directly from them rather than from Wydham's usual retail sales offices?

Thanks in advance!

Marcy Enck
Sales Executive
Wyndham Corporate Direct
8415 South Park Circle, Suite 140
Orlando, Florida 32819
800-786-6764, ext. 6949 ph
407-354-5450 fax
Marcia.enck@wyn.com

 

[The Big Kahuna]

Marcy Enck
Sales Executive
Wyndham Corporate Direct
8415 South Park Circle, Suite 140
Orlando, Florida 32819
800-786-6764, ext. 6949 ph
407-354-5450 fax
Marcia.enck@wyn.com

Many, many thanks, Ron!

 

[sandkastle4966]

So I thought I would put this to the test - I have three weeks worth of rental at Wyndham Canterbury (mostly in 1 bdroom - but about two of the weekends have been upgraded to 2 bdroom presidental) - this is for Mid January.

On RCI today those one bedrooms are renting for $1680 or about $240 a night - I got them for 150K in points - which is about $300 to me in terms of a percentage of my MF) Without VIP I would have paid $1250 as a percentage of MF.

So with VIP I saved $950 X 3 weeks = $2850
Renting on RCI would have cost me = $5040
The three weeks actually cost me $900

I also compared the trip I have to to Kona end of Dec. First part of January - which is renting on RCI for $1950 (2 bdroom) or $279 a night. I rented 4 weeks worth of space - at 115K or about $230 per week to me in MF - Without VIP I would have paid $924 in MF

So with VIP I saved $694 X 4 Weeks = $2774
Renting RCI would have cost me = $7800
The four weeks actually cost me = $920

This is not taking account any savings in terms of House Keeping or Reservations.

So I again the value of VIP seems to depend on how you travel and what you are looking for.

Back to the "don't follow the math" post ......I read back to your post that says you have 850k of points, and about $5,000 of MF. (that makes sense to me.) Lets round down and use $5.5 per 1k

The rerservation quoted above is 150k is $825 of MF.


There was then a response to "how get $2/1k":

Quote from post:
Originally Posted by am1
How is your costs basis only $2/1000 points?
That is very low mfs.

50% discount on all reservations
(end quote)

Applying the VIP discount (50%) to your MF to get to "$2/1k" doesn't make sense to me. You get the points at a discount, not the MF.

I think you are using your the "discount" twice - 50% off the MF and then using points that were already discounted.

(you ARE still getting a better deal than RCI)

 

[jjmanthei05]

Back to the "don't follow the math" post ......I read back to your post that says you have 850k of points, and about $5,000 of MF. (that makes sense to me.) Lets round down and use $5.5 per 1k

The rerservation quoted above is 150k is $825 of MF.


There was then a response to "how get $2/1k":

Quote from post:
Originally Posted by am1
How is your costs basis only $2/1000 points?
That is very low mfs.

50% discount on all reservations
(end quote)

Applying the VIP discount (50%) to your MF to get to "$2/1k" doesn't make sense to me. You get the points at a discount, not the MF.

I think you are using your the "discount" twice - 50% off the MF and then using points that were already discounted.

(you ARE still getting a better deal than RCI)

I think it's just a different way of figuring out cost. if he has 1,000,000 points at $5,000 but ends up getting reservations worth 2.25 million in regular cost then his cost would be closer to $2/k of the full value of the reservations. It makes it easier to do an apples to apples comparison to resale points because you would need to purchase more points resale to cover the reservation he is able to get with his discounts.

Jason

 

[am1]

I do not understand dr adventure's math either. He is using 150k points to book the weeks instead of 300k points.

 

[timeos2]

I do not understand dr adventure's math either. He is using 150k points to book the weeks instead of 300k points.

In my experience it seems that those who have some of these expense ownerships - either purchase cost or ongoing fees - come up with very creative ways to convince themselves they are "saving". I understand it as everyone wants to get the most for their money but when put under the microscope the numbers often fail to hold up.

It is a big reason I try to promote a very simple approach to buying. If it is a good value to use for you then go for it. If it make financial sense to pay the purchase cost, closing fees and ever rising annual fees to trade or rent it then double check your assumptions. Far too often the projected rental / trade value is far too optimistic and that destroys the value or anticipated profit. If it takes complicated calculations to arrive at a positive bottom line you are probably over estimating income and under estimating costs to justify the idea to yourself. In most cases the outcome won't be good in the long run.

 

[am1]

If his cost basis is only $300 for a 150k point reservation I would be willing to give him a %200 profit on all his points.

 

[rrlongwell]

Are their any Smugglers Notch fixed week, re-sale owners out there that have attended a Wyndham sales presentation? If so, did they offer to take the re-sale week and if so, under what terms?.