• 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!

Purchased 92.5K points at Vacation Village at Parkway, $20K! extra weeks! Rescind??

jdetar

TUG Member
Joined
Aug 7, 2008
Messages
208
Reaction score
1
Points
228
First let me say thanks to the forum I first found about purchasing aftermarket, so I'm going to be closing on Marriott Cypress Harbour for $4,200 for sport season floating annual next month. I'm happy with this deal. Crazy market right now!

We went on a tour today of Vacation Village at Parkway. I brought with me a $4,000 sale of 92,500 annual points for this home resort that just sold on ebay last week as they showed me the now $32,000 price for this resort (week 52/92.5k points equivalent). I said I wanted the same 92.5k points with the nice low $655 MF and he said he can do that but obviously not at that price, so he countered and he said he'd throw in 2 extra weeks of vacation per year with no MF's, just $169/domestic or $199 international fees and I could book with 2-45 day window. He said the 92.5k points are good for two weeks really anywhere down here. According to some research, that may be true. Also to seal the deal, they threw in 2 extra weeks for the first year.. so they presented it as 6 weeks the first year, 4 each other (as this resort is a lockoff? but I did points anyways so maybe that doesn't matter).

Anyways, I figure I would just close the deal and then take my 10 days to REALLY decide and rescind if necessary. I even mentioned that to the salesman and he was perfectly ok with it. He said he's tenured and makes his $$$$ just showing up for work regardless of what sells. He showed us pictures of his houses and told us enough stories.. he is loaded, so he really doesn't need the money. haha. Unlike most tours I've been on they are higher pressure and really want the comisison. hehe. He gave us his personal contact info (addy, phone, and email) and said regardless of what RCI shows in the system for the 2-45 day extra weeks, he'll get us anything we want. I said manhattan or vegas week 52? He said absolutely! That really caught my attention as that drastically changes the value in my mind. He said he has a lot of pull in RCI and vacation village so who knows.

What do you guys think? I don't mind spending the money if it's WORTH it. But if I'd just be better off buying points on ebay for $4K outright not getting the developer support behind me and not getting extra weeks? I guess that really is the bottom line!
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
31,113
Reaction score
8,481
Points
1,049
Location
The Centennial State
Resorts Owned
Wyndham Platinum/Founder. Disney OKW & SSR; Marriott's Willow Ridge,Shadow Ridge,Grand Chateau;Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms (selling). WKORV-OF (2),Westin Desert Willow.
Definitely rescind! There are so many other ways of getting RCI points. There are lots of auctions on eBay for the very same thing you bought at the resort.
 

AwayWeGo

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
15,615
Reaction score
1,555
Points
699
Location
McLean (Fairfax County), Virginia, USA.
Resorts Owned
Grandview At Las Vegas

[triennial - points]
No Need To Pay Full Freight For Timeshare Points.

What do you guys think?
Not only do you not need to buy timeshare points at full freight, you don't even need to buy timeshare points at all.

Shux, you can lease a points timeshare, 3 years at a time, renewable, receiving annual injections of points the same as regular owners for purposes of belonging to RCI Points & doing points exchanges into other people's timeshares.

If I had know about the points-timeshare lease opportunity, I would have gone for that instead of buying my dinky eBay points timeshare for $152.50 in 2005.

Full Disclosure : Even though the winning eBay bid price was only $152.50, closing costs & RCI Points initiation fee & 1st year's maintenance fees took the total up close to $1,000 to get me started in points. That's still way below any timeshare company's full-freight points deal.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​
 

jdetar

TUG Member
Joined
Aug 7, 2008
Messages
208
Reaction score
1
Points
228
Interesting about the lease. Can I just call RCI and inquire about this or how do I get into leasing them?

And the free weeks they offered are useless? That's something ever point owner has regardless? That was the ONLY thing of value to me but it sounds like that is really worthless. I don't want junk leftover resorts and weeks for that.
 

AwayWeGo

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
15,615
Reaction score
1,555
Points
699
Location
McLean (Fairfax County), Virginia, USA.
Resorts Owned
Grandview At Las Vegas

[triennial - points]
Clicka-Clicka-Clicka.

Can I just call RCI and inquire about this or how do I get into leasing them?
Follow the link in that previous TUG-BBS entry.

Contact information you can follow up is provided in the ad.

RCI knows all about using timeshare points once you've got'm & have joined up.

But RCI isn't where you go for getting into timeshares & timeshare points initially.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

jdetar

TUG Member
Joined
Aug 7, 2008
Messages
208
Reaction score
1
Points
228
I didn't even catch the link. Wow, yeah very cheap. I wonder if Club Trinidad is good for trading. From my understanding you still need to have a good trading resort to exchange into others, correct? Or is that not accurate and these guys really screwed up my perception at the presentation.

Either way I'm still rescinding.
 

Bill4728

Moderator
Joined
Jun 6, 2005
Messages
11,019
Reaction score
575
Points
899
Location
Lake Tapps, WA
Trading power is only an issue if your trading a week for another week. If you're using RCI points. Then points are points. There is no trading power issue.

BUT There may be an issue with the VEP or resort quality. Sometimes the exchange companies will hide from you, resorts which are significanly lower or higher quality than your resort. This is the only reason that with RCI points you can't see or trade to any unit available.
 

AwayWeGo

TUG Review Crew: Expert
TUG Member
Joined
Jun 6, 2005
Messages
15,615
Reaction score
1,555
Points
699
Location
McLean (Fairfax County), Virginia, USA.
Resorts Owned
Grandview At Las Vegas

[triennial - points]
Points Are Points.

I didn't even catch the link. Wow, yeah very cheap. I wonder if Club Trinidad is good for trading. From my understanding you still need to have a good trading resort to exchange into others, correct? Or is that not accurate and these guys really screwed up my perception at the presentation.

Either way I'm still rescinding.
All timeshare points have the same trade power. Within the points system, Club Trinidad points are just the same for getting timeshare exchange reservations as points from The Ritz.

Trade power of a particular resort is a big deal in the older, conventional week-for-week timeshare exchange system. The trouble with the conventional system is that the exact "power" formula is hidden in the murky back rooms of RCI & I-I & may also be a moving target, giving rise to the essential crapshoot nature of straight-weeks timeshare exchanging.

The points system is also imperfect, but at least all the points values you get & points totals required for exchanges are out there in the open for everybody to see & judge ahead of time.

In that respect, points timeshare trades beat the sox off weeks-trade crapshoots.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

jdetar

TUG Member
Joined
Aug 7, 2008
Messages
208
Reaction score
1
Points
228
Excellent information. You're an asset to the forum. It sounds like the only other way to beat the system is to get points at the lowest possible MF resort then. The prices in that ad aren't bad at all, and the upfront cost being so low you can't argue the MF. Points sound very valuable overall and almost make me feel like my II week at Cypress Harbour wasn't even worth the $4k. But hopefully there will be enough years left with II and the weeks system to really make use of some good trades.

I'll lease his big point package then and see how it does for the three years! I'm very interested in instant exchange. That really looks like a great way to maximize your point usage.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
31,113
Reaction score
8,481
Points
1,049
Location
The Centennial State
Resorts Owned
Wyndham Platinum/Founder. Disney OKW & SSR; Marriott's Willow Ridge,Shadow Ridge,Grand Chateau;Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms (selling). WKORV-OF (2),Westin Desert Willow.
You bought a week at Cypress Harbour for $4K? What a deal! I would'a taken it, and I don't usually even consider buying Orlando. :D <<<green with envy!
 

jdetar

TUG Member
Joined
Aug 7, 2008
Messages
208
Reaction score
1
Points
228
thanks. eBay has some great deals right now. Keep looking there will be more.
 
Top