Should I buy or not?

[ingeborgdot Member Find all posts View Profile Close ingeborgdot]

I have a chance to buy from Wyndham another 64,000 pts. This will also put me into their new plan if you are familiar with it. I am not familiar yet but want to know if it is the best thing to do. I wish I could give you more info but it is new to me also with the way they are going to be working with points. I wish someone on here could help me Thanks.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Why the mystery? Is it a retail (direct from Wyndham) purchase? If so you are paying too much. Don't do it.

If it is a resale then let us know the price and how many points and then we can give ypu an idea good or bad value. Hint: If it is more than $.01/per point then the value is not good. Clear enough?

[MargeS Senior Member Find all posts View Profile Close MargeS]

They seem to have a new plan every 6 months.. the sales pitch always falls between 2 lines of thought. Either a brand new super duper program that you simply MUST belong to or miss out on super duper things, OR "something is wrong with your membership account" but today only we can remedy that for another point purchase...

I love my Wyndham vacations, just absolutely hate their sales tactics!!

[ingeborgdot Member Find all posts View Profile Close ingeborgdot]

Have you heard about the new plan? A lot of the stuff may not be usable down the road they say because of going to points??? Getting this inventory would put us on a new plan that would let us use nightly stays with Wyndham.

Yes, it is directly through Wyndham. It is 64,000 points for 9k.

Does anyone know about the new plan or not?

How would you get your points? Where would you buy? How many points do you have? Are you a VIP? Just some questions for you guys. Thanks.

[falmouth3 Senior Member Find all posts View Profile Close falmouth3]

I don't own Wyndham, but I've read a lot about it. Do a search using the search button on the blue lines above. Also, take a stroll over to eBay and search on timeshare and Wyndham. You'll choke when you see what they are asking for points.

Good luck.

Sue

[MargeS Senior Member Find all posts View Profile Close MargeS]

You already have some Wyndham points? Were they purchased resale? OR do you own a fixed week? If so, they are saying by making this expensive purchase you will be part of plus partners.
If they were purchased from WYN, will the 64K get you to VIP level? Perhaps that's their angle.
Let us know what you have, to give you a better understanding of what you are being offered through this new purchase.

[ingeborgdot Member Find all posts View Profile Close ingeborgdot]

Yes, we already own Wyndham. We own 254k points. By purchasing the 64k they say that will give us VIP status and help us get into the Plus partners If I bought more points on ebay would that help me get to VIP with over 300k points which is what it takes to get there. Does anyone know enough about Wyndham to offer some good advice on what needs to be done. I really appreciate all of your answers guys and gals.

I have been to ebay and like what I see but just wonder if buying that will help me out to get VIP. Again thanks bunches.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Yes, we already own Wyndham. We own 254k points. By purchasing the 64k they say that will give us VIP status and help us get into the Plus partners If I bought more points on ebay would that help me get to VIP with over 300k points which is what it takes to get there. Does anyone know enough about Wyndham to offer some good advice on what needs to be done. I really appreciate all of your answers guys and gals.

I have been to ebay and like what I see but just wonder if buying that will help me out to get VIP. Again thanks bunches.

If you buy resell, the point should not count when advance you to VIP level. Since you already have 254k and need only 46k It is kind of need to serious look at what you most likely do and calculate if it make any sense. From pure financial point of view, it usually does not unless you are in your 20s and plan to use it until your 80s.

Jya-Ning

[ingeborgdot Member Find all posts View Profile Close ingeborgdot]

Right, 46k is what would get me to 300k but they or no one else sells it that way. The only way was to buy 64k form them.
I am sorry but I don't quite understand what you are trying to say. Are you trying to say that it is not wise to buy this? Are you trying to tell me also that buy buying off of ebay or someone else that it won't get me to the VIP level? I just need someone telling me that is experienced with Wyndham what they have done and what they would do with this situation. I really appreciate all the answers to this point though. Thanks for your time.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Are you trying to say that it is not wise to buy this?

YES

Are you trying to tell me also that buy buying off of ebay or someone else that it won't get me to the VIP level?

YES

I just need someone telling me that is experienced with Wyndham what they have done and what they would do with this situation. I really appreciate all the answers to this point though. Thanks for your time.

What we are trying to tell you as owners of over 15yearts you are wasting your money to pay RETAIL for Wyndham Points to get to VIP for two reasons:

1) What you buy today retail will be worth exactly 95% less (maybe 99% less) in 10 days or less. Why? Because the resale value, what you could buy those points for if you really want/need more points, is les than $.01 each. You would have paid 95% or more TOO MUCH

2) VIP is not worth $1. The things you ghet as a so called VIP are NOT guaranteed and, even if they were, it would take you 20+ years to maybe break even on the cost. It is NOT A WISE MOVE TO BUY RETAIL POINTS OR TO BUY TO BECOME "VIP"

Why do you need more points? If you really do then just buy them resale & save thousands of dollars. Don't even think about VIP as it is a virtually worthless sale gimmick NOT something of value to pay thousands of dollars for.


Is it clear now? The answer to your question is NO. This is NOT a good deal. It is NOT something you should do. The "new program" is more sales smoke and mirrors. Ignore it and keep your money in your pocket. DO NOT BUY WYNDHAM POINTS RETAIL

[MargeS Senior Member Find all posts View Profile Close MargeS]

Also, VIP perks can change, and do, but NEVER to your benefit!!

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Yeah, it is not economic benefit unless it really run a long long time like maybe 100 years or more so and that is assume everything is keeping the same.

Yes, resell does not count.

But there are some benefits, and from time to time, people do make decision not pure based on the money if it is close (although not in this situation for most of the people, you could see 1 B difference is close, I could see few hundred difference is close, and DW could see only a few cent as close, but I am pretty sure most people will not see the difference between retail and resell purchase as close). VIP benefit can change, and when it does, usually it goes toward less not more. Again most people pay the money because the implication that it is a higher class, which gives you a feeling can not be balanced by money. You have to decide how much that name along cost.

If you willing to do equity trade, you can give them your current deed and get another deed for exact 300k, but you need to make sure there is no add cost. In other word, you pay what you think is fair to you, and no penny more, not paying what they told you the fair rate of the market, there is no market. If they don't know how to do an equity trade, they are not experience enough to be your seller. Just walk out.

Based on Wyndham, 50% of the cost is on selling. They need to attract at least 10 customers to get a deal. 25% is the land and building cost. and 25% is overhead and legal cost. So you can do an estimate what will be the really building cost if you just buy a condo in that area, and get what is their real cost and start there.

Jya-Ning

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

Here is another process you may want to go through. Open the directory, list the VIP benefits, write down what situation you think you will take advantage of them. Think carefully if that is important or deal break. Compare your travel pattern. Once you go through that, you may want to figure out if you can get similar or same benefits through external exchange companies, at least for the near future, and if so what the advantage and disadvantage if you do that, it may help to to determine what is the cost close range should be. Or maybe even worth to add more points.

Jya-Ning

[ingeborgdot Member Find all posts View Profile Close ingeborgdot]

Anyone hear of Starwood?

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Anyone hear of Starwood?

Yes. Mostly (but not all) high end, luxury resorts with high price tags and even higher fees. They have a reputation for strong arm control of the Associations (the developer does not turn over control to owners as they are supposed to) and for running up fees to unbelievable levels. Plus recently they have started to tell owners what they can deposit for trades and have limitations on what parts of their program & resorts can be sold on resale.

Overall it seems to be a group to avoid. Far better to trade or rent in when you want to visit there.