Quick Club points resale question

[chinh9]

I tried searching for this and i'm pretty sure I know the answer but resale Marriott Club points even after the education and $3 per point trash fee do not contribute towards status levels correct?

 

[DanCali]

They do count towards status level.

 

[chinh9]

Wait so if i win the rofr and pay the junk fee its the same as developer purchase points? This blows my mind because i was told at owner update that they don't. So that was yet another lie? I'm trying to get to presidential level (at a good spot in executive currently) but would like the subtle benefits and increased booking length with more points.

So we are positive? If so, this saves me a ton of money and headache.

 

[vacationtime1]

It's a subtle lie they told you -- resale points don't work the same as developer purchase points . . . . . unless you pay that $3/point junk fee.

 

[Hindsite]

The relatively minor downside of buying club points resale is trying to guess where to pitch the price at to pass ROFR. You might succeed at $1/club point, you might not at $3/club point, there is no published set level at which MVC will intervene for all deals. If you can be patient enough to keep trying, then you can get an excellent deal and will have lost nothing more than time.

 

[chinh9]

Yeah I’m not in a rush. Has anyone bought any resale points this year and can confirm the above statements are true?

 

[Dean]

Yeah I’m not in a rush. Has anyone bought any resale points this year and can confirm the above statements are true?

Not really what you asked but since you're apparently new and investigating, I'll make a few suggestions. First, spend time learning all the options, this will likely take around 6 months of active investigation. Buying points is almost never the best option for MVC and unless one is just looking to get their foot in the door and rent points for everything else, I'd venture that buying points is never a reasonable option for a new buyer. Having points is great from a flexibility standpoint but it's a far more expensive option and there are better ways to get there than even buying points resale. Buying weeks resale and never having points is still the best option for many if not most people. Fees on points are at least 20-25% more than you can get in other ways.

But let me back up. There are major considerations before deciding to buy any timeshare. These include:

1. Discretionary income to buy without financing and to be comfortable with the inevitable yearly fee increases plus other expenses like airfare.
2. Ability to plan ahead, like a year or more, with limited risk of having to adjust last minutes.
3. You're flexible on timing and location.
4. You're OK with the compromises of a timeshare like no daily housekeeping, 3 star accommodations.
5. There are timeshares you're OK with for the locations you want to go routinely.
6. You need at least a week every year likely in a 2 BR (or more time for smaller units).

If timeshares are still on the table then you look at who fits your needs from a location and quality standpoint. We can explain why some of these components are important and of course there will be a range of views and perspectives. So keep reading and asking questions so you can figure out what's best for you.

 

[Hindsite]

You can look up self reported info on rofr.net

 

[goodbadugly]

They do count towards status level.

That is one of the reasons why the point system is broken!

 

[DanCali]

That is one of the reasons why the point system is broken!

You do realize that if resale points were restricted in some ways that gave you fewer benefits than retail points - e.g. don't count towards owner benefit level - then they would be even more worthless on the resale market (is that's even possible)?

The fact that they are identical to retail points in functionality, after you pay a hefty junk fee, is probably what gives them the little value that they have. So maybe the fact that MVC charges ~$17 for something worth $1 (or $3 when propped up via ROFR) if you try to sell it 10 days later is what's broken?

Allowing the product to devalue helps prop up short term profitability via ROFR, but maybe can only take you so far. At some point the buyers still need to see value. So maybe what's broken are the high upfront cost, the high maintenance fees ($5000+ for an average week in a 2BR in Hawaii using points), the unattractive sales incentives, the high junk fees (up 200% since inception), and/or the alternate uses for cruises, tours, and hotels that offer value worth less than half of the MFs?