Has anyone been asked to participate in Marriott led destination points rental program in exchange for purchasing extra points. We were asked to buy 2500 and were guaranteed that we could rent points to Marriotts every year to recoup all our maintenance fees. Thanks in advance
It is a misleading sales pitch. Even if it were true, which it is not, stop for a moment and actually think about what the sales pitch involves:
1) you must purchase 2500 MVC Trust Points;
2) let's just assume for discussion sake that purchase costs you $42,500;
3) let's assume you can rent those 2500 points annually for more than the cost of the maintenance fee per point, but that excess is typically less than 5 cents per point more than the annual MF;
4) thus, you have 2500 points, after paying the MF you earn an extra $0.05 x 2500 = $125;
5) the time frame to recover the capital outlay of $42,500 by earning $125 each year is 340 years ($42,500 / $125 = 340).
Do you really want to spend the money to purchase points that you don't use and hope to instead rent out? It'll take you 340 years to recover the cost, and that is assuming you actually rent the points for at least 5 cents more than the per point MF (which is not a given BTW).
