Was it a good deal?

[Hyestar]

Yes, you get all the SAME benefits resale and retail, other than the 1 time sales/loan incentives.

I see okay thank you good to know. When buying third party is there a way to make sure you get the bonvoy status in the contract

 

[ScoopKona]

You should also send the rescission by a method that generates proof of sending.

I'd go the extra mile and send it return-receipt. It's only a couple bucks and now you have physical proof they received your letter. Photograph everything and hang on to the evidence until you get your deposit back.

 

[Hyestar]

I'd go the extra mile and send it return-receipt. It's only a couple bucks and now you have physical proof they received your letter. Photograph everything and hang on to the evidence until you get your deposit back.

We put the 5,000 deposit, on a bovoy credit card, if they give us any trouble I’d chargeback. But we are going to go in person and mail the letter

 

[ScoopKona]

We put the 5,000 deposit, on a bovoy credit card, if they give us any trouble I’d chargeback. But we are going to go in person and mail the letter

It's not just about the money. It's about being out of that contract. We had a user recently who said the resort claimed they never got the letter. You do not want that to happen. Because then you have to default to be out of it.

They are almost certainly going to try to convince you to change your mind. After all, they already got you once. A great many one-post-and-gone users were probably bamboozled this way. (And convinced never to return to this website, lest their faith be shaken again.)

Good timeshare deals don't need incentives. There are still a few resorts where the numbers are better than renting, and resales don't happen very often. They're not pulling any nosebleed drops or "only if you sign today, today, TODAY" malarkey. If it's presented like a game show, there's a reason.

When it's important, I send it return receipt. When it's got to make it to its destination, I send it registered. I know people who ONLY send registered mail because they deal with large numbers constantly. What's an extra ten bucks when it's saving tens/hundreds of thousands?

 

[VacationForever]

I see okay thank you good to know. When buying third party is there a way to make sure you get the bonvoy status in the contract

There is no contract to be made with respect to Bonvoy status. Bonvoy status is granted based on ownership level. Once you pay the $3 per point in junk fees, the resale points are brought into the MVC system and ownership level will provide its corresponding Bonvoy status.

 

[Hyestar]

If I go third party do I get interval access. Also will I get any escape destinations

 

[davidvel]

If I go third party do I get interval access. Also will I get any escape destinations

Sorry to be a nag, but you aren't listening. YOU GET ALL THE SAME BENEFITS OF OWNERSHIP.

Just an FYI, destination escapes are last minute extremely low demand weeks. They are a great deal if they work for you, but are extremely limited.

 

[VacationForever]

If I go third party do I get interval access. Also will I get any escape destinations

Yes. Once you pay the $3 per point junk fees, they work just like points bought directly from MVC. They get all the same benefits.

 

[kanerf]

How close are you to earning lifetime status at Marriott with stays? It is 750 nights with 10 years of platinum status for lifetime. If you travel a lot, it is not too hard to do. I am lifetime Titanium with Marriott and lifetime Diamond with Hilton. This really should not be a reason to spend $55,000.

 

[TUGBrian]

congrats on avoiding a 55,000 mistake!

 

[mountainboy]

What about the platinum elite and the other goodies ie points added thing that won’t come from resale

You can get Bonvoy Platinum Elite Status from just getting the Bonvoy Brilliant Amex: pay the AF every year (650) & get a free night upto 85k pts at Marriott + $300 restaurant credits (= almost free); once you are Platinum for 10 yrs, you are eligible for Lifetime Platinum, if that is your goal...

FWIW, Marriott has seriously devalued the Bonvoy program over time, so even Platinum is not really worth much (even though I have had it for years now, Thx to Amex Brilliant CC).

Realize you are a High Earner as a Pilot but glad TUG saved you $$$.

 

[taxare]

Mountainboy makes a good point. I am lifetime titanium. They continue to devalue the benefits. This is NOT a good reason to keep this contract.

 

[theo]

We put the 5,000 deposit, on a bovoy credit card, if they give us any trouble I’d chargeback. But we are going to go in person and mail the letter

It is likely that the rescission instructions clearly identify a specific address completely different from the contract execution location, so “going back” to the sales hyena location may be both unproductive and potentially risky (the “risk” is that of being subjected unnecessarily to sales hyena pressure).

Use USPS certified mail or registered mail to send your rescission correspondence and back it up with a regular mail copy. Personally, I would not even bother with (maybe legally meaningless, unless specifically allowed in the contract rescission instructions) fax or email communications — and I’d skip the unnecessary “personal visit” entirely. YMMV.

 

[ScoopKona]

It is likely that the rescission instructions clearly identify a specific address completely different from the contract execution location, so “going back” to the sales hyena location may be both unproductive and potentially risky (the “risk” is that of being subjected unnecessarily to sales hyena pressure).

Use USPS certified mail or registered mail to send your rescission correspondence and back it up with a regular mail copy. Personally, I would not even bother with (maybe legally meaningless, unless specifically allowed in the contract rescission instructions) fax or email communications — and I’d skip the unnecessary “personal visit” entirely. YMMV.

All of this. And I'd add return receipt if it's certified. (With registered, it doesn't matter because the post office keeps records of the signed delivery.) Don't make a ten-dollar mistake that costs $55,000. That's the epitome of "penny wise and pound foolish."

 

[dioxide45]

I would not even bother with (maybe legally meaningless, unless specifically allowed in the contract rescission instructions) fax or email communications

Most Marriott and Vistana contracts I have seen have an email option and people have reported success using it. Though as noted, one should read the contract to verify and follow up with USPS mail. In reality, USPS First Class with Certificate of Mailing is the cheapest method and enough to satisfy legal requirements. There is just no tracking mechanism and seems to be the least known USPS service option.

 

[jbs]

So yesterday we did a presentation at Marriott grand Vista. We have been doing these for 20 some odd years. I’ve always said that if I was going to buy one, it would be at the Marriott. I stay at Marriott almost exclusively in my travels. I am a platinum elite, but not lifetime. One of the perks that they gave us with 4000 point purchase was lifetime platinum elite they also gave us a 4000 additional point bonus for doing the finance incentive for 18 months at 0% interest. Additionally, they gave us a Bora Bora trip with paid airfare which I really couldn’t believe but it’s in the contract. Additionally, they gave us 550,000 Bonvoy points with those points plus the 100,000 points when we opened up the Bonvoy credit card and six points per dollar spent every month on the $676 mortgage plus maintenance fees we will total 173,000 points plus the 550,000 points as part of this package. I have 250,000 points so we will be just about 1 million points For Bonvoy points.

So was this a good deal? The total package cost was $55,000 Overall part of me thinks it was OK deal I want to be platinum elite for life. I retire in nine years and with our current stay pattern I will not make platinum for life so this was one way to do it. Additionally, after the 18 months, I will pay off the remainder of the mortgage and we will only have our maintenance fees. I own three rental properties I can appreciate Maintenance fees, especially at a place like Marriott, where I know they are going to use them to keep the properties nice.

The big question here is this I can resend. We only did this yesterday and we’re still actually at the resort. Is it a better deal for me to resend by 4000 points on the aftermarket with none of the perks that I listed or did I get a good deal What other question I have is if I buy 4000 points in the Marriott program but in the aftermarket, do I still get the platinum for life deal because that’s the level that they were offering it at or because I’m buying it at the aftermarket will there be no deals whatsoever

Oh, we were also given some destination program where we can do these last-minute weekly escapes. I take it that that’s not on the table when you buy aftermarket as well correct I am an airline pilot and I get 18 days off a month and obviously although it’s standby travel, we standby for free so traveling to these vacations is not an issue. Thx for any input.

I would rescind immediately. Marriott Platinum Elite is waaaaaay overrated. I have been Titanium Elite for a long time and there are a few nice perks, but nothing worth paying for. They give you a couple bottles of water or access to the club lounge (if they have one), they let you check out late if they don't need the room, and check in early... but most four and five star properties offer similar ammenties. The bonus points are a nice touch, but then again waaaay overrated. You are signing up for a lifetime of maintenance fees and paying twice as much to purchase from Marriott than you would pay on the secondary market. We have been Marriott Vacation Club owners for 25 years and we are selling off our 3 deeded weeks - we had two Week 52 units and one Week 51 unit on Maui. I think the ONLY reason to buy from the developer is if the developer has something you cannot get cheaper on the secondary market. Because of my business, I wanted a guarantee of Week 51 and Week 52 every year, with an additional Week 52, and I could not find that on the secondary market. It sounds like you can save about 50% and purchase the same points on the secondary market. As others have said, if it turns out you cannot find a similar deal for half price, you can always go back for another sales pitch from Marriott. Remember, the reason they have to add all of the sweateners in your deal is because what they are selling is overpriced. Cut the fluff, buy only what you need, and shop for the best price...

 

[west1jerry]

I have been lifetime Platinum for a few years and travel a lot. With just my travel regularly get 250,000+ bonvoy points per year. With the credit card you can sign up for special events to get more points. Regardless you need to get the Bonvoy credit card as it multiplies your points. In regards to wanting to be lifetime Platinum are you looking for upgrades or lounges? If you can get to lifetime Gold you will still get the lounges after you retire. DO the research between gold and platinum status and see if it is really what you want. Buy resale cause all of the salespeople lie whether its Marriott, Wyndham, Westgate, etc. Lifetime Platinum is not worth $27K. They just want to make a sale.

 

[pvewa]

So yesterday we did a presentation at Marriott grand Vista. We have been doing these for 20 some odd years. I’ve always said that if I was going to buy one, it would be at the Marriott. I stay at Marriott almost exclusively in my travels. I am a platinum elite, but not lifetime. One of the perks that they gave us with 4000 point purchase was lifetime platinum elite they also gave us a 4000 additional point bonus for doing the finance incentive for 18 months at 0% interest. Additionally, they gave us a Bora Bora trip with paid airfare which I really couldn’t believe but it’s in the contract. Additionally, they gave us 550,000 Bonvoy points with those points plus the 100,000 points when we opened up the Bonvoy credit card and six points per dollar spent every month on the $676 mortgage plus maintenance fees we will total 173,000 points plus the 550,000 points as part of this package. I have 250,000 points so we will be just about 1 million points For Bonvoy points.

So was this a good deal? The total package cost was $55,000 Overall part of me thinks it was OK deal I want to be platinum elite for life. I retire in nine years and with our current stay pattern I will not make platinum for life so this was one way to do it. Additionally, after the 18 months, I will pay off the remainder of the mortgage and we will only have our maintenance fees. I own three rental properties I can appreciate Maintenance fees, especially at a place like Marriott, where I know they are going to use them to keep the properties nice.

The big question here is this I can resend. We only did this yesterday and we’re still actually at the resort. Is it a better deal for me to resend by 4000 points on the aftermarket with none of the perks that I listed or did I get a good deal What other question I have is if I buy 4000 points in the Marriott program but in the aftermarket, do I still get the platinum for life deal because that’s the level that they were offering it at or because I’m buying it at the aftermarket will there be no deals whatsoever

Oh, we were also given some destination program where we can do these last-minute weekly escapes. I take it that that’s not on the table when you buy aftermarket as well correct I am an airline pilot and I get 18 days off a month and obviously although it’s standby travel, we standby for free so traveling to these vacations is not an issue. Thx for any input.

 

[pvewa]

A quick search in the internet found Destination points being offered for $3 per point (not $6.00 to $6.50 through a broker as someone had recommended). See attachment. There are many who want to sell Destination points for similar prices - just do some internet searches, including TUG of course. As noted by a plethora of responders, paying $13.75 per point ($55,000) verses $3.00 per point ($12,000) is illogical no matter how many Bonvoy points they offer.

 

[bnoble]

not $6.00 to $6.50 through a broker as someone had recommended

The $6 presumably includes Marriott's fee of $3 to wash resale points.

 

[castrofs]

Signed a contract in early July to purchase in Aruba and rescinded as soon as we returned home. Sent a letter to the address listed in the contract by certified mail. I was impressed how quickly Marriott returned my deposit. It was less than two weeks. Just wanted to let you know that.

 

[dioxide45]

Signed a contract in early July to purchase in Aruba and rescinded as soon as we returned home. Sent a letter to the address listed in the contract by certified mail. I was impressed how quickly Marriott returned my deposit. It was less than two weeks. Just wanted to let you know that.

What did you actually purchase in Aruba? Was it a St Kitts week or Abound Trust Points? I thought Aruba didn't have a rescission period?