2ndClassCitizen
newbie
Greetings.
I'm looking for some advice as far as my Wyndham Vacation Ownership is concerned. Sorry in advance for the length.
I unwillingly attended a presentation back in September 2014 in Las Vegas because of a cheap hotel discount. I didn't want anything to do with the timeshare, but my colleague mentioned that based on the way I travel, it'll be worth it. It was for 64,000PTS/yr at $207/mo. + approx. $40 in maintenance. The sales rep said it would be a great idea to sell the timeshare online to people to get money to pay for it since I had "UNLIMITED Bonus Weeks" I thought, "okay, I can deal with that".
Time goes on and I look at locations when I get home and realize that I'm not going to travel to these places and most of these places have a ridiculous amount of points. I'm thinking I need to find a way out.
Fast Forward: September 2015
I finally get to use my timeshare for a trip to New Orleans, all well and good and then I need to go to an "Ownership Update". I realize this is basically what I went through in Vegas and now the salesman is saying that I'm mismanaging everything and I can get so much more out of it. I'm intrigued, he runs numbers, and tells me about deals and such. I'm very lukewarm to the idea about paying more money, but he keeps pushing and pushing. I've already been there for an hour or more. He says he can get me an additional 70,000 pts a year for ~$200 more. In my head I can use this go to to Australia. Only stipulation is the downpayment which is more than I want to do at $3,000 since I have other financial obligations which I mentioned at least 5x, but he doesn't take that as a No. He puts it on a Wyndham Rewards Card, and off we go to signing contracts and getting that big book of information that I'll never need.
What options do I have?
I'm paying roughly $400/mo. for the next 10 years on something I will probably hardly use because the locations are not ideal for me as a 31 year old. I'm not married, very much single and I can't see myself using this except once every two years. It is 134,000pts a year now.
I'm looking to travel to London, Iceland, Croatia, and Japan and this "vacation ownership" from what I see would do absolutely nothing for me to get there.
This is totally a huge financial burden since I can do more with that almost $5500 a year. That's roughly 17% of my post-tax income.
I know I have a huge sucker stamp on my head, but any advice would be greatly appreciated.
Thanks!
I'm looking for some advice as far as my Wyndham Vacation Ownership is concerned. Sorry in advance for the length.
I unwillingly attended a presentation back in September 2014 in Las Vegas because of a cheap hotel discount. I didn't want anything to do with the timeshare, but my colleague mentioned that based on the way I travel, it'll be worth it. It was for 64,000PTS/yr at $207/mo. + approx. $40 in maintenance. The sales rep said it would be a great idea to sell the timeshare online to people to get money to pay for it since I had "UNLIMITED Bonus Weeks" I thought, "okay, I can deal with that".
Time goes on and I look at locations when I get home and realize that I'm not going to travel to these places and most of these places have a ridiculous amount of points. I'm thinking I need to find a way out.
Fast Forward: September 2015
I finally get to use my timeshare for a trip to New Orleans, all well and good and then I need to go to an "Ownership Update". I realize this is basically what I went through in Vegas and now the salesman is saying that I'm mismanaging everything and I can get so much more out of it. I'm intrigued, he runs numbers, and tells me about deals and such. I'm very lukewarm to the idea about paying more money, but he keeps pushing and pushing. I've already been there for an hour or more. He says he can get me an additional 70,000 pts a year for ~$200 more. In my head I can use this go to to Australia. Only stipulation is the downpayment which is more than I want to do at $3,000 since I have other financial obligations which I mentioned at least 5x, but he doesn't take that as a No. He puts it on a Wyndham Rewards Card, and off we go to signing contracts and getting that big book of information that I'll never need.
What options do I have?
I'm paying roughly $400/mo. for the next 10 years on something I will probably hardly use because the locations are not ideal for me as a 31 year old. I'm not married, very much single and I can't see myself using this except once every two years. It is 134,000pts a year now.
I'm looking to travel to London, Iceland, Croatia, and Japan and this "vacation ownership" from what I see would do absolutely nothing for me to get there.
This is totally a huge financial burden since I can do more with that almost $5500 a year. That's roughly 17% of my post-tax income.
I know I have a huge sucker stamp on my head, but any advice would be greatly appreciated.
Thanks!