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The right way to buy MVC

bdadMVC

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I am a MVC owner of 1500 pts I bought retail. I just bought another 1000 but after learning about resale and the info from this forum i have decided to rescind (I have 4 more days). What is the best way to get 2500 more MVC points? Redweek?

If I pay the transfer fee (my understanding is 3$ per point) will the resale points work just like retail? How long does it take to transfer? And what’s a good resale value?

Thanks in advance!
 

TolmiePeak

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I am a MVC owner of 1500 pts I bought retail. I just bought another 1000 but after learning about resale and the info from this forum i have decided to rescind (I have 4 more days). What is the best way to get 2500 more MVC points? Redweek?

If I pay the transfer fee (my understanding is 3$ per point) will the resale points work just like retail? How long does it take to transfer? And what’s a good resale value?

Thanks in advance!
Aren't the maintenance fees on the points super expensive?
 

Hindsite

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Excellent news on finding TUG and rescinding. @TUGBrian will be pleased

One thing to think about before you proceed to buy is that as an existing MVC owner, you can rent in club points for a given usage year, sometimes at less than the maint fees for Trust club points, as the points are from enrolled owners who have relatively low maint fees. Vacationpointexchange is one way to do this as is TUG and Facebook. With either buying or renting do your checks that it is legitimate by speaking to the person and have them prove their ownership. If there is anything that doesn't seem right, don't proceed, there are plenty of deals to be had. Once you rent the points they can't be banked, or otherwise transferred, so you will need to use them.

For resale purchase Redweek is a good way to go as is Facebook and TUG marketplace. Yes resale club points work just the same as the ones bought direct, once you have paid the initiation (aka junk) fee of $3/club point (min $3k). There are also a couple of other fees that are in the low hundreds to pay to MVC. If you go that way, make sure that the usage year lines up with what you already own.
As MVC has ROFR on club points, your bid will need to pass their right to intervene so it can take a few tries to get a sale. There is no known specific price at which MVC will intervene, but there is some self reported info on rofr.net. You don't loose out if the sale goes to MVC, other than the time taken to bid, so if you are patient you can get a great deal.

Take your time, its a buyers market, all the best
 
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bdadMVC

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Thank you @Hindsite for the info. What do you mean by “the usage year needs to line up with what’s owned?”
 

Hindsite

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Your existing club points have a date when their usage year starts and ends, could be any month of the year. What you buy can have a different month for start and end, so make sure that you buy something that has the same start and end dates for the usage year or it will be a bit difficult to track usage.
 

Hindsite

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Forgot to answer on transfer time, that again is variable, but reports in the MVC forum are that its taking many months, so factor that into your purchase decision. e.g if you buy with 2025 usage don't expect to get the points until the second half of 2025 and that may be after your banking deadline and available inventory may be low. If you get the right deal, this could be OK, but go in with your eyes open.
You might get more specific info if this thread is moved to the MVC forum.
 

bdadMVC

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Ok good to know, thank you! . I didn’t realize there was a MVC specific forum.
Forgot to answer on transfer time, that again is variable, but reports in the MVC forum are that its taking many months, so factor that into your purchase decision. e.g if you buy with 2025 usage don't expect to get the points until the second half of 2025 and that may be after your banking deadline and available inventory may be low. If you get the right deal, this could be OK, but go in with your eyes open.
You might get more specific info if this thread is moved to the MVC foru
 
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