Updated Privileges Brochure

[Jan M.]

For a day or two after the roll-out, a pop-up appeared when I logged in to the website. It was "Welcome to Founders" or something like that. I didn't have time to see what was there and now it doesn't appear anymore.

What did I miss?

Nothing. It was just the formal announcement of the Founders benefits. We already knew what they were going to be and there were no surprises.

 

[CO skier]

We’re talking about disposable income, is it really anyone’s business to demean, put down, insinuate a bad financial decision on ones choice of how they spend their disposables income.

My cost analysis posts were intended in the spirit of this:

Hundreds of Timeshare Owners have found TUG & saved Millions of dollars cancelling timeshares!

8/2024 UPDATE: PASSED 23 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 1/2024 UPDATE: PASSED 22 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 8/2023 UPDATE: PASSED 21 MILLION DOLLARS IN CANCELLATIONS! This sticky will serve as a reference for threads from folks who found TUG in time to rescind...

tugbbs.com

I am sorry you misunderstood the intent.

If someone decides Bronze VIP is a good deal, I have no objection.

 

[chapjim]

Nothing. It was just the formal announcement of the Founders benefits. We already knew what they were going to be and there were no surprises.

Okay, thanks! I suspected as much.

 

[Cyrus24]

We’re talking about disposable income, is it really anyone’s business to demean, put down, insinuate a bad financial decision on ones choice of how they spend their disposables income.

Agree 100%, my money, my life, my choice. I'm happy to be a VIPP owner and thankful that my entire family is getting some joy from the ownership. I'm also happy that I sunk $100K cash into a new truck and travel trailer in 2019 as it let us travel, a lot, in 2020. Practical, no, am I a happy camper, yes. My money, my life, my choice.

Above said, I do appreciate the analysis being given to those who need to understand the true costs and true savings/benefits. That's very valuable.

 

[WyndhamBarter]

no surprises

I'm not sure, but I think the popup contained a link to this page:

https://clubwyndham.wyndhamdestinations.com/us/en/club-benefits/vip-by-wyndham

There was also an Email entitled "Your New Tier Is Here! Explore Your Benefits",
but for some reason mine didn't show up until Friday afternoon.

The Email had this table (and also a link to the above web page):

 

[Braindead]

My cost analysis posts were intended in the spirit of this:

Hundreds of Timeshare Owners have found TUG & saved Millions of dollars cancelling timeshares!

8/2024 UPDATE: PASSED 23 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 1/2024 UPDATE: PASSED 22 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 8/2023 UPDATE: PASSED 21 MILLION DOLLARS IN CANCELLATIONS! This sticky will serve as a reference for threads from folks who found TUG in time to rescind...

tugbbs.com

I am sorry you misunderstood the intent.

If someone decides Bronze VIP is a good deal, I have no objection.

I do appreciate the analysis being given to those who need to understand the true costs and true savings/benefits.

I think it’s about impossible to cost analysis a Wyndham VIP ownership.
Here’s some reasons why:
As MFs go up the amount of dollars saved on discounts & upgrades go up every year. He has $0 factored in
What if cbyrne decides they want to PIC a second week for about the same cost? Now they’ll get bigger discounts on the first $$ spent. Again he has $0 factored.
What about upgrades?? Again $0 factored in.
cbyrne is young so their expected years of usage is decades.
Wyndham could raise fees that VIPs don’t pay.

Plus55 has posted they save more than enough $$ every year to pay what the inherited VIP ownership cost the parents.

Cost analysis never works for me regarding vacations. It’s what the individual is willing to spend enjoying the time away making lifelong memories with family & friends!!! Some think they can accomplish that never staying overnight by simply doing activities within a couples hours of home. While the rest of us wouldn’t do that or we wouldn‘t own or even rent from a VIP!!!

 

[vv813]

same as jan m, that I can't see what the new rules are-but I have something that concerns me and I haven't seen it brought up or can not find where I saw it.
It has been in the last few days but it was in regards to passing your timeshare on to children, grands etc. it stated that they had to already have something like 300,000 points already.-I can not find where I saw- maybe in the new supplement booklet (please tell me where I can find this) but can someone give me their read on this. Wondering if this is for new people acquiring
vip status after to 10th or does it mean all (grandfathered or not) thanks.

 

[CO skier]

Cost analysis never works for me regarding vacations. It’s what the individual is willing to spend enjoying the time away making lifelong memories with family & friends!!! Some think they can accomplish that never staying overnight by simply doing activities within a couples hours of home. While the rest of us wouldn’t do that or we wouldn‘t own or even rent from a VIP!!!

My cost analysis is not about whether to go on vacation or not. Bronze VIP owner A and Resale owner B both own 300,000 points. The "used" resale points get Owner B into the same vacation condos at the same times as the "new" points from the developer. Both owners could take an annual trip to Bonnett Creek at Christmas. (No VIP discount, room upgrade unlikely). At the end of 10 years,
Owner A has 300,000 points and Bronze VIP status
Owner B has 300,000 points and money in the bank.

I do not see how Owner A comes out ahead, financially, even after 40 years, but if someone can get Bronze VIP to pencil out for their particular usage, more power to them.

One other important point is that to even get close requires relying on the PIC Program. I am surprised that Michael Brown did not terminate that program with the introduction of Privileges. Maybe he is not aware of the end run to VIP. Will the PIC Program still be in effect 10 years from now?

This is déjà vu all over again. Rather than spend any more time, again, anyone who wants to read around in circles may go here:

Minimum VIP Platinum buy in cost

I want to use it because I live 45 min from clearwater, an hour from bonnet creek and reunion, and 2 hrs from ocean walk. Without VIP benefits, It's hard to book short stays at those locations because of housekeeping credits. I'm more worried about breaking even over time and still getting to...

tugbbs.com

 

[Rolltydr]

My cost analysis is not about whether to go on vacation or not. Bronze VIP owner A and Resale owner B both own 300,000 points. The "used" resale points get Owner B into the same vacation condos at the same times as the "new" points from the developer. Both owners could take an annual trip to Bonnett Creek at Christmas. (No VIP discount, room upgrade unlikely). At the end of 10 years,
Owner A has 300,000 points and Bronze VIP status
Owner B has 300,000 points and money in the bank.

I do not see how Owner A comes out ahead, financially, even after 40 years, but if someone can get Bronze VIP to pencil out for their particular usage, more power to them.

One other important point is that to even get close requires relying on the PIC Program. I am surprised that Michael Brown did not terminate that program with the introduction of Privileges. Maybe he is not aware of the end run to VIP. Will the PIC Program still be in effect 10 years from now?

This is déjà vu all over again. Rather than spend any more time, again, anyone who wants to read around in circles may go here:

Minimum VIP Platinum buy in cost

I want to use it because I live 45 min from clearwater, an hour from bonnet creek and reunion, and 2 hrs from ocean walk. Without VIP benefits, It's hard to book short stays at those locations because of housekeeping credits. I'm more worried about breaking even over time and still getting to...

tugbbs.com

What Braindead is saying, and you aren’t hearing, is that a timeshare and VIP ownership aren’t exclusively financial transactions for many of us. If that’s how you view them, then you shouldn’t purchase one. However, many of us place a higher satisfaction or happiness value on the time we are able to enjoy spending with friends and family in comfortable accommodations in beautiful and exciting locations. The money may be gone tomorrow. The memories will last forever.

 

[dgalati]

My cost analysis is not about whether to go on vacation or not. Bronze VIP owner A and Resale owner B both own 300,000 points. The "used" resale points get Owner B into the same vacation condos at the same times as the "new" points from the developer. Both owners could take an annual trip to Bonnett Creek at Christmas. (No VIP discount, room upgrade unlikely). At the end of 10 years,
Owner A has 300,000 points and Bronze VIP status
Owner B has 300,000 points and money in the bank.

I do not see how Owner A comes out ahead, financially, even after 40 years, but if someone can get Bronze VIP to pencil out for their particular usage, more power to them.

One other important point is that to even get close requires relying on the PIC Program. I am surprised that Michael Brown did not terminate that program with the introduction of Privileges. Maybe he is not aware of the end run to VIP. Will the PIC Program still be in effect 10 years from now?

What about owner C who has 0 points and rents from a VIPP as needed?

 

[Braindead]

What about owner C who has 0 points and rents from a VIPP as needed?

Wrong forum!!

 

[dgalati]

A better idea would be to just find someone that only drives to work with their car and will let you use it while it would just be parked for the cost of the gas. There's no good reason to buy your own car when you can just rely on someone else's driving privileges...!

Leasing or renting a car would never work for me. I drive to many miles per year and have found out its cheaper to own and sell between 80,000- 100,000 miles. After the 100k mark the value of a car drops like a led Zeppelin along with unexpected repair or operating costs that sky rocket.

 

[vv813]

ok finally found supplement that i question. it is on the interactive site. page 6 explains passing it to family member. if i were to split my account and give some points to daughter who currently has no points but i give enough to have her qualify for vip im not sure i understand, but it says that they have to already own 300k. am i just misunderstanding. I thought if we/they wanted we could just pass it on

 

[Eric B]

Leasing or renting a car would never work for me. I drive to (sic) many miles per year and have found out its cheaper to own and sell between 80,000- 100,000 miles. After the 100k mark the value of a car drops like a led Zeppelin along with unexpected repair or operating costs that sky rocket.

To be clear, I'm not talking about paying for the use of the car, but instead just taking advantage of someone else's privileges of ownership. It's a fungible concept that isn't limited to timeshare ownership/usage. Just take advantage! All is good!

 

[CCdad]

ok finally found supplement that i question. it is on the interactive site. page 6 explains passing it to family member. if i were to split my account and give some points to daughter who currently has no points but i give enough to have her qualify for vip im not sure i understand, but it says that they have to already own 300k. am i just misunderstanding. I thought if we/they wanted we could just pass it on

You can have the title(s) to your developer purchased points put into the name(s) of qualifying family members to retain VIP. But you can’t choose to split up an amount of points to pass on to family members within a single deed to unless Wyndham changes the rules.

It may make sense to try to keep everything in one account if your family members can make it work.

 

[cbyrne1174]

My cost analysis posts were intended in the spirit of this:

Hundreds of Timeshare Owners have found TUG & saved Millions of dollars cancelling timeshares!

8/2024 UPDATE: PASSED 23 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 1/2024 UPDATE: PASSED 22 MILLION DOLLARS IN CONFIRMED CANCELLATIONS! 8/2023 UPDATE: PASSED 21 MILLION DOLLARS IN CANCELLATIONS! This sticky will serve as a reference for threads from folks who found TUG in time to rescind...

tugbbs.com

I am sorry you misunderstood the intent.

If someone decides Bronze VIP is a good deal, I have no objection.

I was just pointing out it's a good deal with a $7,000-$8,000 buy in cost with a low MF PIC since it will only take 10 years to break even on MF alone. Most of the savings would come from last minute upgrades if you travel when the resort isn't at full occupancy. I personally would spend that money on a 1,500 point Marriott Destinations Club resale contract before I would buy into VIP Bronze. I was just pointing out if you want to only travel in the Wyndham system for a long time, it's a good deal.

Me personally, I would rather have my resale Club Wyndham account + a minimum size Worldmark account + a minimum size Destinations Club account. Both Marriott and Worldmark let you rent points directly from other owners, which you can use to make your own reservations, so I see that as a better choice because I value flexibility and variety. For example, if you want to visit Maui, you need a Worldmark or Marriott membership because Club Wyndham doesn't have a resort there. You need Worldmark for the west coast, Fiji and Mexico and you need Marriott for Aruba, Thailand and Paris. If you are the type of person that likes to go to the same places year after year, then PICing to Bronze is a good deal in the long term. If you want a larger network of resorts to chose from, then owning resale in multiple systems is the way to go.

 

[Richelle]

The Wyndham forum is so unbelievably to me!!
We’re talking about disposable income, is it really anyone’s business to demean, put down, insinuate a bad financial decision on ones choice of how they spend their disposables income.

Hell let’s put a cap on a wise car purchase. Is it $5,000 or $10,000 or $20,000?? Every new car sale should never happen, invest that $$
Let’s do the same for buying a house??

You can always find a cheaper way to travel. Stay at the cheapest hotel you can find. Why doesn’t everyone do that ??
Only use RCI last calls, that’s cheaper than renting from VIP!!

I don’t see this nonstop crap in the other TS forums. Why??

I for one have stopped telling or recommending TUG to other owners. If you’re a happy Wyndham VIP there isn’t enough helpful information here to offset the nonstop crap postings. I’ll just show them eBay & give them a list of resellers to buy from, they can call me anytime on a contract for sale.

Agreed 100%. I could have taken that $35k I spent to be VIP gold and throw it in an investment account. I could use the money I would be paying maintenance fees to rent from another owner, but you know what? It would be more responsible to invest that money instead. Why spend money renting from an owner when I can throw it into an investment account? A vacation is not a requirement. Time off is important to health, but that doesn’t mean we have to go to a beach or theme park. We can invest that money we would spend on airfare or gas money. We can invest that money we would spend eating out. The only thing that is required it a roof over your head, clothes on your back, food on the table and anything required to make those first 3 happen. Everything else is a luxury. So let’s just throw that money into an investment account.

It’s ridiculous to tell someone how to spend the money THEY worked hard to get. It’s arrogant to think they know what’s best for them. They can worry about their money and I’ll worry about mine. I have my investment accounts and retirement accounts. I’m good. I don’t know what tomorrow will bring, so I would like to enjoy my money now. Between investments and pensions, we will be fine in retirement. Even if I wasn’t, it’s not their problem or business.

Btw, Welcome back. Lol

 

[CO skier]

... it will only take 10 years to break even on MF alone ...

I do not know what personal finance or business finance classes you may have taken, but "only 10 years to break even" would have made a good laugh for the rest of the class and the instructor. Doubly so if they knew the average length of timeshare ownership is 9 years.

Timeshare Industry Continues to Attract New Buyers According to ARDA

Washington, D.C. (PRWEB) April 26, 2017 -- According to the newly released 2016 U.S. Shared Vacation Ownership Consolidated Owners Report from the ARDA

www.prweb.com

.

Spending the money, instead, on most any resale timeshare with Marriott, or WorldMark or Club Wyndham, as you suggest, and coming out ahead of "break even" on day 1 versus a developer purchase would put you at the head of the class.

 

[CCdad]

I do not know what personal finance or business finance classes you may have taken, but "only 10 years to break even" would have made a good laugh for the rest of the class and the instructor. Doubly so if they knew the average length of timeshare ownership is 9 years.

Timeshare Industry Continues to Attract New Buyers According to ARDA

Washington, D.C. (PRWEB) April 26, 2017 -- According to the newly released 2016 U.S. Shared Vacation Ownership Consolidated Owners Report from the ARDA

www.prweb.com

.

Spending the money, instead, on most any resale timeshare with Marriott, or WorldMark or Club Wyndham, as you suggest, and coming out ahead of "break even" on day 1 versus a developer purchase would put you at the head of the class.

Except that cbyrne is intending to hold to enjoy her TS(s) for much longer than 9 years; that’s if you’ve bothered to pay attention to her posts.

You and dgalati need to get a life and stop making fun of those just wanting to enjoy their TS travels no matter what the cost.

 

[Jan M.]

If the average length is 9 years then it's because of the people who buy a timeshare and shouldn't have. Because of finances. Because the resort or system they bought wasn't a good fit for them. Because they bought something with really high maintenance fees. Because they didn't understand how little time at the resorts what they bought would get them. Because they had no idea there would be additional expenses like transaction fees, housekeeping credits or guest fees associated with using it. I've seen a significant number of people who fall into some or all of those categories and they bought resale, very inexpensively to somewhat inexpensively compared to buying developer.

With all the information available online I'm amazed at how often people dump what they bought for the various reasons.

There are those of us who've owned since before all kinds of information was easily available online. A lot of us have no regrets for what we spent on our gold, platinum and now founders ownerships. DH and I say it's pure dumb luck that it's worked out so well for us. Especially considering that when we first started buying points all we knew about timeshares was that my sister and BIL owned one with another timeshare company for over 10 years and were very happy with it. We liked the points system and had no interest in owing a fixed week.

 

[CO skier]

Geez. All I can add is that, Wyndham VIPs are a "touchy bunch." ... and highly defensive for no apparent reason.

 

[CO skier]

that’s if you’ve bothered to pay attention to her posts.

Pay attention to the posts. He/she recommended resale Marriott, WorldMark, even Wyndham over a developer purchase.

 

[schoolmarm]

Just an FYI, the telesales price is now in the $160s per 1000 points. And they are only selling CWA. I got an equal number of bonus points for my Nov. 10th purchase to enroll my PIC. This was for 105K. The same price was quoted for a larger package.

Hope this helps someone in planning a telesales purchase.

 

[cbyrne1174]

Pay attention to the posts. He/she recommended resale Marriott, WorldMark, even Wyndham over a developer purchase.

I recommended resale in multiple systems for people who want variety, but if you plan on using your membership for 30-50 years and are okay with a smaller pool of resort options, a small purchase to get to Bronze doesn't seem like a bad trade off. At $160 per thousand, Bronze status only costs $7,840.

Also, 10 years is a good break even point when you're 31 years old. Don't assume someone's age when they post on here. I have another 50 years of life left so 10 years to me doesn't mean the same as 10 years to you. 10 years from now I will still have young children seeing as I'm not even done having them yet. I would actually be able to use upgrades from 1 bedroom to 2 bedrooms at Oceanwalk, Bonnet Creek and Pompano beach during the summer when my kids are home. I'd just rather stay in studios in the Marriott system for the same price because I prefer variety over space.

 

[Braindead]

I recommended resale in multiple systems for people who want variety, but if you plan on using your membership for 30-50 years and are okay with a smaller pool of resort options, a small purchase to get to Bronze doesn't seem like a bad trade off. At $160 per thousand, Bronze status only costs $7,840.

Also, 10 years is a good break even point when you're 31 years old. Don't assume someone's age when they post on here. I have another 50 years of life left so 10 years to me doesn't mean the same as 10 years to you. 10 years from now I will still have young children seeing as I'm not even done having them yet. I would actually be able to use upgrades from 1 bedroom to 2 bedrooms at Oceanwalk, Bonnet Creek and Pompano beach during the summer when my kids are home. I'd just rather stay in studios in the Marriott system for the same price because I prefer variety over space.

You did give me a chuckle in your other post when you said “if you’re the type of person that wants to go back to the same places every year, then PICing to Bronze is a good deal” it almost sounded like a fixed week owner.lol My family doesn’t feel like we’re going back to the “same places“ with the variety of Wyndham Resorts! I’m glad that you’ve found the good mix for you & your family.

But on that point I think when a newbie comes here looking for info on dipping their toe into timesharing they often end up dazed & confused by several posters here. Let’s keep it simple & help them buy a WYNDHAM timeshare. Wyndham is an excellent company when trying your first timeshare it’s very inexpensive to get in & out if needed. I think it would beneficial to save the multi company-renting etc advice farther down the road.

That’s one of my points on it only happens in the Wyndham forum. Why?? When I browse the other forums when a newbie is looking for info on buying the posters help them find a contract to buy in that TS co not multiple companies & they certainly don’t run down the TS company they own in!! I don’t get why that happens here!!!