davidvel
TUG Member
- Joined
- May 9, 2008
- Messages
- 7,563
- Reaction score
- 4,573
- Points
- 648
- Location
- No. Cty. San Diego
- Resorts Owned
-
Marriott Shadow Ridge (Villages)
Carlsbad Inn
I don't think we'll ever truly know the actual offer. First it's 1000 points, then at post #19 it's 3000 points to get to presidential. At post #1 it's either $15,000 or $18,000 for 1000 points under "two different deals ". I feel like I'm in a presentation.Was it really 1000 points? It sounds like they had you buying the number of points you already had access to and would be selling back PLUS 1000 points. Totally different ballgame IMO.
Here's what I think I understand:
"Buy back offer" offer was to buy 3000 points to bring to Presidential. They would "buy" the Fairway Villas unit for $13,900 (which is about $12,900 more than its worth.) But with this offer price would be $18/pt, so total of $54,000 (overpaying about $21,000 over $11/pt retail.) They would deduct the $13,900 bringing net cost to just over $40,000 or just under $13.50 per point. Plus MVC gets the Fairway Villa to add to the trust.
If this is accurate, MVC gets you to pay $21,000 over retail (or $35,000 over resale), in exchange for them over-paying you $12,900 for your TS. This great buy back offer nets them $7,200 more than a straight retail purchase, and you lose the points associated with the enrolled week.
What a country, errr deal!
BTW, they would never buy back that FV unit for $12,900 from you if you only bought 1,000 points. Not enough multiplier, unless you paid about $23/point.