VIP Platinum Offer to me from Wyndham

[SOS8260456]

There have been several discussions here about changes coming to the Wyndham reservations system. If a waiting list is part of those changes than the cancel and rebook trick will be taken from us. If that happens, renting for a profit will be gone as well.

Im going to wait another year to see what happens before I talk to any more Wyndham sales people

Good advice. Who knows what will be happening later in the year.

 

[rrlongwell]

This thread, post #7

Thanks, I forgot, I put that towards the bottom of the tread. Modfication made.

 

[kev5982]

I am a current VIP Platinum owner and pay $4000 per year for those points.
I rent most of the points through Redweek.com or VTR. You can get a lifetime subscription to VTR and place an ad on one of the resorts of your choice. Wyndham Bonnet Creek is a good choice because of the availability and the number of people choosing to go there all year round.

Wyndham Bonnet Creek is a good choice to place an ad in Redweek .com also for the same reasons. You just have to wait till the 60 day mark from check in and book your weeks to rent.

You will make a profit going this route and also be able to travel with a couple weeks vacation. The Platinum also allows you to book three day vacations fairly cheaply.

 

[SOS8260456]

I am a current VIP Platinum owner and pay $4000 per year for those points.
I rent most of the points through Redweek.com or VTR. You can get a lifetime subscription to VTR and place an ad on one of the resorts of your choice. Wyndham Bonnet Creek is a good choice because of the availability and the number of people choosing to go there all year round.

Wyndham Bonnet Creek is a good choice to place an ad in Redweek .com also for the same reasons. You just have to wait till the 60 day mark from check in and book your weeks to rent.

You will make a profit going this route and also be able to travel with a couple weeks vacation. The Platinum also allows you to book three day vacations fairly cheaply.

I cannot argue that I don't love being Platinum, but for alot of us it is already a "sunk" cost. I think given the history of Wyndham trying to do whatever they can to limit owners from renting, investing in Platinum is not worth that additional money. The OP is already Gold, if they want to get into renting, then pick up another 500,000 points on the resale market. All the Gold benefits will apply to the resale points, because VIP is an account benefit, not a contract benefit. They are already getting discounts and unit upgrades. The increase in percentage of discounts compared to the money outlay is not worth it in my humble opinion.

 

[jjmanthei05]

Now that i'm a little more knowledgeable about the Wyndham system i'm able to offer to rent from people at exactly their cost, this is neither them nor I taking advantage of each other....a 'Square' deal so to speak...we both gain

Ride,

I would disagree that this would be a 'square' deal. You are overlooking upfront, opportunity and miscellaneous Wyndham costs. Because purchase price for points can be anywhere from a few hundred dollars to $100,000+ range if VIP Platinum there needs to be consideration taken for that along with time spent and the risk of owning the points that if they aren't used they are still out the MF dollars. Where as you have none of those risks but are looking to pay the same maintenance fee cost as an owner. I would think something in the $7-$8/k range would be a fair deal to both parties. You can find people willing to give away their points at or below their MF cost but that is more along the lines of being desperate to get something for their points even if they're losing money.

Jason

 

[pacodemountainside]

Hey Jeb:

I would not knowlingly do business with any company that has an "F" BBB rating!



Also, sales incentives are changeable or can be exterminated at sales descretion. See www.wyndsham.com for details When Wyndhan was selling some 25K new Intervals a year, beer money but with new owner sales around 4,000 last couple years the $12 million cost hurts.

But your offer intrigues me. I do updates regularily to rattle sales people cages and have never seen/had an offer like this. The best I had was buy 105K points for $18K, they would convert fixed week to UDI points without charge and issue a new deed for 245K points at LBM and I would be VIP Gold. Similar deal in Orlando(not BC deed) and Vegas.

Are they offering trade-in or foreclosed deed? How were you able to take this offer back to room and think about?

If MF is around $4.00/ 1,000 and POA around $.50 this means HOA fee is around $3.50. I have purused MF calcuator on Wyndham forum and this is possible, but very few.

Pregnant question is: has VP sales signed off?

I do recall the low ball tactics of car salesmen of yore!

Paco

 

[jebloomquist]

But your offer intrigues me. I do updates regularily to rattle sales people cages and have never seen/had an offer like this. The best I had was buy 105K points for $18K, they would convert fixed week to UDI points without charge and issue a new deed for 245K points at LBM and I would be VIP Gold. Similar deal in Orlando(not BC deed) and Vegas.

If MF is around $4.00/ 1,000 and POA around $.50 this means HOA fee is around $3.50. I have purused MF calcuator on Wyndham forum and this is possible, but very few.

Paco

Paco

I actually went to Wyndham with this idea. It was not presented to me in a sales presentation. And yes, there are places where the mf/1000 is low. My "2012 Annual CLUB WYNDHAM Plus Assessment Amount" is $3.90/1000.

Jim