Weeks to points

[Inthesand12]

Hello I am new to this group and have timeshare with with VV@Parkway we recently were hard selled into switching to points we were offers 55k points for 11k and eventually they settled for 98k points for the same price for week 17. Did we make the right choice ? They are offering us the VV platinum club I think it’s called . Should we stay with our regular weeks or make this change ? Any feedback would be helpful

 

[AwayWeGo]

TUG people have discovered, by personal experience, that paying a timeshare company for points conversion is lots more expensive than buying a resale timeshare unit that's already converted.

Full Disclosure: Our 1BR eBay points timeshare cost us about $250. It came with free closing & free resort transfer. Before that, we had 3 different 2BR eBay points units in Vacation Village At Parkway at various times. Each of those cost us about $200. Those included free closing & free resort transfer, plus free points (i.e., paid-ahead maintenance fees). All of those are triennials, meaning the owner gets 1/3 of of their use-year points values every year. We pay the same use-year maintenance fees as everybody else, except that our use-year comes up only 1 year out of every 3. The triennial points unit that we have right now bills us every year for an estimated 1/3 of the use-year maintenance fee amount. Vacation Village At Parkway billed us the full amount in our use-years only & nothing in our off years. Not all eBay points units are triennials. Lots of'm are every-year timeshares & some are biennials. Any way you shake it, the cost via eBay is way less than what the timeshare company charges to convert what you already own.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 

[tschwa2]

Hello I am new to this group and have timeshare with with VV@Parkway we recently were hard selled into switching to points we were offers 55k points for 11k and eventually they settled for 98k points for the same price for week 17. Did we make the right choice ? They are offering us the VV platinum club I think it’s called . Should we stay with our regular weeks or make this change ? Any feedback would be helpful

You can probably find a 98k VV at parkway for $0-$500 plus the cost to set up the rci account which you are probably paying for as well as closing and other costs when purchasing direct. You wouldn't get VV platinum so exchanges would cost more through RCI. You would likely get 1 bonus cert good for 45 day or less exchange using no points but paying the $249 exchange fee. So it would take a lot of discounted exchanges to make up for that $10,000+

Do you already own a week there and are just converting? In this case it sounds like they are taking your week back and giving you a higher value week. The problem is giving away your timeshare may take quite a long time and would likely cost you a year or two or three in prepaid MF's as an incentive for someone to take it. It still might be cheaper than paying $11,000 for the new week.

 

[Inthesand12]

Thank you

TUG people have discovered, by personal experience, that paying a timeshare company for points conversion is lots more expensive than buying a resale timeshare unit that's already converted.

Full Disclosure: Our 1BR eBay points timeshare cost us about $250. It came with free closing & free resort transfer. Before that, we had 3 different 2BR eBay points units in Vacation Village At Parkway at various times. Each of those cost us about $200. Those included free closing & free resort transfer, plus free points (i.e., paid-ahead maintenance fees). All of those are triennials, meaning the owner gets 1/3 of of their use-year points values every year. We pay the same use-year maintenance fees as everybody else, except that our use-year comes up only 1 year out of every 3. The triennial points unit that we have right now bills us every year for an estimated 1/3 of the use-year maintenance fee amount. Vacation Village At Parkway billed us the full amount in our use-years only & nothing in our off years. Not all eBay points units are triennials. Lots of'm are every-year timeshares & some are biennials. Any way you shake it, the cost via eBay is way less than what the timeshare company charges to convert what you already own.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

thank you so if u want point should I purchase

TUG people have discovered, by personal experience, that paying a timeshare company for points conversion is lots more expensive than buying a resale timeshare unit that's already converted.

Full Disclosure: Our 1BR eBay points timeshare cost us about $250. It came with free closing & free resort transfer. Before that, we had 3 different 2BR eBay points units in Vacation Village At Parkway at various times. Each of those cost us about $200. Those included free closing & free resort transfer, plus free points (i.e., paid-ahead maintenance fees). All of those are triennials, meaning the owner gets 1/3 of of their use-year points values every year. We pay the same use-year maintenance fees as everybody else, except that our use-year comes up only 1 year out of every 3. The triennial points unit that we have right now bills us every year for an estimated 1/3 of the use-year maintenance fee amount. Vacation Village At Parkway billed us the full amount in our use-years only & nothing in our off years. Not all eBay points units are triennials. Lots of'm are every-year timeshares & some are biennials. Any way you shake it, the cost via eBay is way less than what the timeshare company charges to convert what you already own.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

thank you what would you recommend I have weeks now but wants the flexibility point offer do I need to sell my weeks timeshare on eBay to buy a points timeshare this is all so confusing

 

[Inthesand12]

You can probably find a 98k VV at parkway for $0-$500 plus the cost to set up the rci account which you are probably paying for as well as closing and other costs when purchasing direct. You wouldn't get VV platinum so exchanges would cost more through RCI. You would likely get 1 bonus cert good for 45 day or less exchange using no points but paying the $249 exchange fee. So it would take a lot of discounted exchanges to make up for that $10,000+

Do you already own a week there and are just converting? In this case it sounds like they are taking your week back and giving you a higher value week. The problem is giving away your timeshare may take quite a long time and would likely cost you a year or two or three in prepaid MF's as an incentive for someone to take it. It still might be cheaper than paying $11,000 for the new week.

Yes I have weeks now and they are taking my weeks so I can purchase another timeshare with points. They said that the VV platinum is included

 

[tschwa2]

Yes I have weeks now and they are taking my weeks so I can purchase another timeshare with points. They said that the VV platinum is included

They may pay for it for a year or two and I don't think you pay more than a normal points account but I don't think they will pay your RCI points membership forever. If you pay every 2 years the annullized fee is around $120.

My question is the $11,000 everything out of pocket or was there another $700-1200 in closing costs and other fees?

 

[Inthesand12]

They may pay for it for a year or two and I don't think you pay more than a normal points account but I don't think they will pay your RCI points membership forever. If you pay every 2 years the annullized fee is around $120.

My question is the $11,000 everything out of pocket or was there another $700-1200 in closing costs and other fees?

We had 18,900 of equity on our timeshare so they said they were going to take that and add it to the cost what we financed was 11k and we put down around 1 thousand to close

 

[CPNY]

We had 18,900 of equity on our timeshare so they said they were going to take that and add it to the cost what we financed was 11k and we put down around 1 thousand to close

Do not buy points for 11K! That’s insanity. You can get great points accounts on eBay if you’re patient for a few hundred bucks. Although, Grandview 2 bedroom 122K RCI points sold today for $1950. I know others who paid a few hundred for units like that.