Took a tour (Vistana Flex) and...

[n2fc]

So I took a tour and succumbed to sales pressure (and apparently some lies) and made a purchase
(which I will probably rescind)... BUT... I wanted the paperwork to take with me...

ABOUT ME:

TUG member since 2008, after I met Mr. Rogers at Vistana... (Thanks!!)
I own 6 (resale) weeks at Vistana... All are now in the SVN and are Bonvoy eligible...
I have 3 units... each 51/52 (Holidays) with week 53 (when available)...
I have them nearly 40 years and have either stayed at Vistana or exchanged or rented them
(mostly thru TUG)...
Other than ridiculously high MF (and reserve assessments) over the years, no complaints!

Anyway, after SVN came about, I wound up with 81000 Options/week (486K) which is
4* Elite, and have coveted 5* for a while now...

Which leads me to what I "bought"...
They sold me 169K @ .35 per "point" (plus CC)... to get me to 5*...
Maint on this is $3,115/year...
"Gifted" 338K options (since use starts 2024)...

Questions (and lies?)
1) They said I could now reserve resort rooms at 50% off options cost...
When I asked why they never gave a clear answer...
2) They said by joining flex my old weeks would no longer be subject to assessments
and the maintenance would drop such that the total annual outlay shouldn't exceed what it was!?
IOW would drop by around $3,000 (yet another lie?)
3) I also own 1 week @ MVC Sabal palms which I have never stayed at, but exchanged for HGA, now Bonvoy
points, of ever diminishing value... BUT
(another lie?) THAT week will merge into the NEW Merged plan (coming soon, but don't hold
your breath!!)... details to follow...
4) With this purchase I will be grandfathered as 5* with no higher options required, even after
the "new merger happens" (when? I dunno)...

SO...
Questions for the Intelligentsia...
1) Should I rescind? (probably yes)
2) Can I get 5* by buying resale for the 164K options that I am short?
+ If so, what should I buy? I was thinking about 2BR at SVV (81K) and 2brLO at Scottsdale/SVV (95.7K?)
+ How long should it take to close?
+ Once I am over 649K options, how do I "upgrade" to 5*? Do I need to "do anything special" or is it automagic?
3) What else am I missing/not understanding/forgetting?

THANKS IN ADVANCE FOR THE HELP!!

ROB

 

[jabberwocky]

So I took a tour and succumbed to sales pressure (and apparently some lies) and made a purchase
(which I will probably rescind)... BUT... I wanted the paperwork to take with me...

ABOUT ME:

TUG member since 2008, after I met Mr. Rogers at Vistana... (Thanks!!)
I own 6 (resale) weeks at Vistana... All are now in the SVN and are Bonvoy eligible...
I have 3 units... each 51/52 (Holidays) with week 53 (when available)...
I have them nearly 40 years and have either stayed at Vistana or exchanged or rented them
(mostly thru TUG)...
Other than ridiculously high MF (and reserve assessments) over the years, no complaints!

Anyway, after SVN came about, I wound up with 81000 Options/week (486K) which is
4* Elite, and have coveted 5* for a while now...

Which leads me to what I "bought"...
They sold me 169K @ .35 per "point" (plus CC)... to get me to 5*...
Maint on this is $3,115/year...
"Gifted" 338K options (since use starts 2024)...

Questions (and lies?)
1) They said I could now reserve resort rooms at 50% off options cost...
When I asked why they never gave a clear answer...
2) They said by joining flex my old weeks would no longer be subject to assessments
and the maintenance would drop such that the total annual outlay shouldn't exceed what it was!?
IOW would drop by around $3,000 (yet another lie?)
3) I also own 1 week @ MVC Sabal palms which I have never stayed at, but exchanged for HGA, now Bonvoy
points, of ever diminishing value... BUT
(another lie?) THAT week will merge into the NEW Merged plan (coming soon, but don't hold
your breath!!)... details to follow...
4) With this purchase I will be grandfathered as 5* with no higher options required, even after
the "new merger happens" (when? I dunno)...

SO...
Questions for the Intelligentsia...
1) Should I rescind? (probably yes)
2) Can I get 5* by buying resale for the 164K options that I am short?
+ If so, what should I buy? I was thinking about 2BR at SVV (81K) and 2brLO at Scottsdale/SVV (95.7K?)
+ How long should it take to close?
+ Once I am over 649K options, how do I "upgrade" to 5*? Do I need to "do anything special" or is it automagic?
3) What else am I missing/not understanding/forgetting?

THANKS IN ADVANCE FOR THE HELP!!

ROB

1) Rescind - Most of what they have told you is half-lies or outright falsehoods.
2) If I understand correctly, you've paid nearly $60k for this. You won't get to 5* by buying a mandatory unit as those don't count towards status. If you're set on getting 5* a cheaper way would be to buy a Lagunamar 2BR Plat LO unit (148,100 SO) for around $7k, and then you can buy a Flex package for $10k (at $0.35/Option figure a 30k point package). The Flex purchase would then allow you to requalify the Lagunamar purchase - so your outlay would be around 1/4 of what you've done right now - and you would have a few more points.
3) I guess what do you find attractive about 5* that would make it worth $60k?

 

[DeniseM]

RESCIND!

 

[EnglishmanAbroad]

As jabberwocky asks, why do you covert 5 star? Does it justify the extra capital outlay and annual MFs even if you get both of those down to the bare minimum expenditure.