Spinnaker trading with Interval international.

[Mantell13]

I just did a presentation the other day to get a free stay at HHI. I went in planning to say no and not like it. After the presentation I actually am interested in purchasing with Spinnaker.

I’ve always invested in real estate so doing a timeshare seems to go against my philosophy but our family likes to vacation.

Here are my questions based on the presentation, I’m very skeptical.

The sales rep told me we could trade in our one week at HHI with Interval International and we would receive 3 weeks back. Does this sound accurate and what are the chances they change it to only 1 week in return two or more years from now?

My next questions is that he showed me Disney resorts (contemporary, Polynesian, animal kingdom) that if I trade in my one week, we could stay at these Disney resorts and up to three weeks. It seemed crazy to me though because those rooms are like $800-1,500/night. The math didn’t add up. Is this legit?

Last question is that he offered us to do an every other year contract. It was $550 per year, the purchase price was a “short sale” for 17k for a 3 bedroom at I believe Waterside HHI. I’ve read that if I don’t buy from them I might not be able to trade it with interval international (from a previous thread on this forum). Is this a good deal? I really liked the travel ecosystem he showed me of bonus time vacations and also having the gold membership with II and the pricing of all inclusive resorts for quite cheap.

Thanks in advanced!
Chris

 

[Hindsite]

If its II access you want and like then there are much cheaper ways to achieve that than buying direct from any developer.

On some of your points:
- DVC Orlando availability via II is decent, if you have ownership with enough trading power or points. Contemporary and Ploy don't come up often, Saratoga Springs and Old Key West do, Animal Kingdom now and then. DVC resorts in Hawaii and California don't come up.
- All inclusive costs. If they showed you the II cost of booking an AI resort, that won't include the mandatory fees that go to resort, as they are in addition to the II cost and can go very high. There are a few AI resorts that are decent value to book via II, but not many, so don't be drawn by that allure.
- Gold II membership does a few things, but basic is fine and you can always upgrade as and when you want to use the benefits associated with Gold or Platinum II membership.

 

[jp10558]

Well, assuming you said no to buying anything right then, you're in the right place. If you did buy, you should rescind and look at resale because you won't need to spend $17,000, at least not for one week.

As to the EOY, you should match it to how often you want to use it, so if you want to go every 2 years then that's OK, if you want to go yearly it's not.

You probably don't know this, but if the 3BR was a lock off, you can lock off say a 2BR and 1 BR (depends on the physical setup) and trade that one week into two in Interval. People do it with Marriott all the time. You're not getting 3 weeks for one, and Disney does trade in Interval, but IDK how hard it is to get, really depends on a lot of factors, including how much trading power the unit you trade in has.

You probably should fill out the "what should I buy" questionaire in the new users forum:

"What to Buy" Questions for New Timeshare Owners

Here are some questions you can answer to focus your timeshare wants/needs. Suggestion - copy the questions below, and start a new thread entitled "My Survey" or "What should I buy?," or something similar, and answer the questions in a NEW thread. 1) Is there a vacation destination you wish...

tugbbs.com

because I would think Spinnaker is most interesting for staying in HHI, otherwise I bet almost everyone will recommend something else.

If you really want to stay at Disney resorts, you probably ought to buy Disney, but if you just want to stay near them, there's a lot of options.

 

[dioxide45]

I can't speak to the bonus weeks 3 for 1 deposit. Perhaps it is a 3BR unit that locks off into three 1BR units?

As for trading into Disney. I don't know if Spinaker weeks see them, but if they do think Old Key West and Saratoga Springs. Perhaps the odd Animal Kingdom Lodge and rarely Boardwalk Villas. Contemporary and Polynesian would be a no go. Disney primarily deposits Old Key West and Saratoga Springs and seldom deposits the others I mentioned.

There are far better options out there to get the same result without having to pay direct purchase prices. Lots of resale options to give you the same for either $0 or just a couple thousand.

Spinaker would be close to last on my list of timeshare systems to buy in to.

 

[VacationForever]

Why would you buy into a system that will take away a major benefit of trading in II for resale. It means that you will have a difficult time in even giving away the week when you decide it no longer meets your needs.

To get to trade a 3BR week for 3 weeks means that the 3BR can be locked off into 3 separate 1/studio weeks. I don't know if 3BR Spinnaker week can do so or not. It is not possible to do so with a Marriott 3BR week. In II, Marriott has its own trading priority period of about 24 days in which other Marriott weeks can trade into those Marriott weeks. Only leftovers or less desirable weeks are available to other weeks thereafter. I would not buy an "other" brand week that is not part of a premier brand like Marriott, Westin, Sheraton, Hyatt for II trading.

 

[Mantell13]

Thanks for the replies! What I’m gathering is that I know nothing about the timeshare world lol. My family likes to vacation at beaches and Disney. If I fill out that questionnaire, will that help me figure out what timeshare to buy in? If TS is a good option for me.

Below I'm putting the short text conversation I had with him . He went to II and showed me animal kingdom availability and put the 3bdr. My skepticism lead me to believe that the account he was showing me on could have been loaded and when I got my account, availability wouldn’t look the same.

He didn’t speak about buying power at all really. All he said was you trade in your one week at HH (which he said is in high demand) and II will give me 3 certificates for 3bdr units each week.



Hey Mike, this is Chris mantell. The trading in one week and getting 3 weeks kind of seems too good to be true if that makes sense. It makes me skeptical if I can really trade one week in HH and get 3 weeks on resort at Disney.

I know it seems too good to be true, but that is in writing in the contract
You have to realize, what your purchasing is a fraction of a 2.5 million dollar condo
What you're trading to get inside and get three for one

 

[Hindsite]

I know it seems too good to be true, but that is in writing in the contract
You have to realize, what your purchasing is a fraction of a 2.5 million dollar condo
What you're trading to get inside and get three for one

That's a rubbish explanation, just walk away, rescind if you have committed, and do at least 6 months of research into what, if any, timeshare would suit you.
Experiment with a few by renting to see how you like the quality of the various different systems and spend the small fee for TUG membership to be able to have access to the sightings forum, where you can see who gets what types of DVC trade using what and when.
One decision you will have to make is whether you need to be on property at Disneyworld or if you just want to be able to go from accomodation in the area.

 

[tschwa2]

And I think the 3 for 1 may not involve log offs but a deal spinnaker has with II for additional bonus certs when you deposit. The deposits may have a little more pool than the cert for no reason but they aren't like getting 3 actual deposits. I also believe the perk doesn't translate to resale owners. $550 isn't going to be for an annual 3BR. It might be an every other year or it might be an every 3 years and if that is the case you are paying the $550 every year but only getting to use it once every 2 or 3 years and then getting those bonus certs on the off years.
Spinnaker is doing what they can to kill the resale market but they really aren't really giving you the deal that they seem to be offering.

 

[Mantell13]

And I think the 3 for 1 may not involve log offs but a deal spinnaker has with II for additional bonus certs when you deposit. The deposits may have a little more pool than the cert for no reason but they aren't like getting 3 actual deposits. I also believe the perk doesn't translate to resale owners. $550 isn't going to be for an annual 3BR. It might be an every other year or it might be an every 3 years and if that is the case you are paying the $550 every year but only getting to use it once every 2 or 3 years and then getting those bonus certs on the off years.
Spinnaker is doing what they can to kill the resale market but they really aren't really giving you the deal that they seem to be offering.

The $550 was for every other year. We looked down that path because he sold us on getting 3 weeks for trading in our 1 week and we thought 3 weeks every 2 years would be good for us.

 

[Mantell13]

That's a rubbish explanation, just walk away, rescind if you have committed, and do at least 6 months of research into what, if any, timeshare would suit you.
Experiment with a few by renting to see how you like the quality of the various different systems and spend the small fee for TUG membership to be able to have access to the sightings forum, where you can see who gets what types of DVC trade using what and when.
One decision you will have to make is whether you need to be on property at Disneyworld or if you just want to be able to go from accomodation in the area.

Luckily we did not buy. I told him I never make a big financial decision same day and I would need to research.

 

[Mantell13]

That's a rubbish explanation, just walk away, rescind if you have committed, and do at least 6 months of research into what, if any, timeshare would suit you.
Experiment with a few by renting to see how you like the quality of the various different systems and spend the small fee for TUG membership to be able to have access to the sightings forum, where you can see who gets what types of DVC trade using what and when.
One decision you will have to make is whether you need to be on property at Disneyworld or if you just want to be able to go from accomodation in the area.

Forgot to answer your other question.

Whenever we do Disneyworld my brothers family and my family get a big airbnb. We like doing that but I’m always jealous of the people inside Disney. In my mind I planned on doing one big Disney trip when my kids are a little older where I bend over and spend more than I would normally be comfortable. When I started talking to this guy and he made it seem we could do it every year, then that sparked my interests. So staying inside isn’t a must for us but if there’s a way to do it for quite a bit cheaper, I’d be interested.

 

[rickandcindy23]

Forgot to answer your other question.

Whenever we do Disneyworld my brothers family and my family get a big airbnb. We like doing that but I’m always jealous of the people inside Disney. In my mind I planned on doing one big Disney trip when my kids are a little older where I bend over and spend more than I would normally be comfortable. When I started talking to this guy and he made it seem we could do it every year, then that sparked my interests. So staying inside isn’t a must for us but if there’s a way to do it for quite a bit cheaper, I’d be interested.

There are ways to get the Disney units that don't involve buying from the developer. You can buy an annual lockoff unit that will give you two weeks a year, and the bonus weeks are pretty easy to get. They are Accommodations Certificates, and I have a bunch of them and rarely use them.

Polynesian and Bay Lake Tower aren't showing up with my Marriott platinum weeks. I have seen Animal Kingdom but mostly one bedrooms. If you need a big unit, that could be tough, unless you can settle for Old Key West or Saratoga Springs.

 

[jp10558]

Forgot to answer your other question.

Whenever we do Disneyworld my brothers family and my family get a big airbnb. We like doing that but I’m always jealous of the people inside Disney. In my mind I planned on doing one big Disney trip when my kids are a little older where I bend over and spend more than I would normally be comfortable. When I started talking to this guy and he made it seem we could do it every year, then that sparked my interests. So staying inside isn’t a must for us but if there’s a way to do it for quite a bit cheaper, I’d be interested.

Yea, I think fill out the form, cause we're just asking you the questions slowly in this thread otherwise - but if you want to stay in Disney, you probably have to buy Disney to make it even close to "easy". I've been to Disney 3 times, and can't really see why anyone would want to pay even more to stay in one of their resorts, but I'm also not a Disney superfan. Of course, based on where I live I'm also used to driving 25-45 minutes to get anywhere, so if the drive is under that I don't really notice it lol.