YOU WON'T BELIEVE HOW MUCH IT COSTS! - Full Cost of Marriott Vacation Club

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Destination Timeshare

Destination Timeshare

Күн бұрын

Пікірлер: 73
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
*Access the Digital Download & MVC Made Easy* ▸ Digital Download - destinationtimeshare.teachable.com/p/my-downloadable-211165 ▸ MVC Made Easy - destinationtimeshare.teachable.com/p/mvc-made-easy
@TravelingWithEmMe
@TravelingWithEmMe Жыл бұрын
As a MVC owner everything you said is facts! The maintenance fees are the worse part!
@jacquesdumouchel163
@jacquesdumouchel163 Жыл бұрын
Thanks so much. You confirm our intuition that we had when we were presented the program just yesterday!! We said no!! Whew! 😅👍
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Good decision.
@tonang33
@tonang33 Жыл бұрын
What a great informative video. I have a MVC timeshare I use it but as I get older I no longer want to travel as much as I did. Your video hits the spot for a real informative look at timeshare.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Thanks for watching!
@Jyeoi
@Jyeoi Жыл бұрын
U can transfer to yr kids, no fee
@fitnessnbeer9835
@fitnessnbeer9835 Жыл бұрын
Oooh weee! Great video!👏🏾 I appreciate the honest taking into account all of the transaction costs. The costs are not as transparent during a presentation.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
I haven't seen them break down the costs at a presentation in a long time. They never talk about total cost when financing and just focus on the monthly payment. Those payments add up to a lot more money over time. Thanks for stopping in and checking out the video!
@thejokerspeaks
@thejokerspeaks Жыл бұрын
I spent about $3,500 on 3 resale timeshares. The maintenance is $3,000 per year. Putting them in the context of 7 nights in Hawaii in a 2-bedroom, our HGVC contract would take 2 years in points, and cost us $2,400. Our Wyndham contract would take 1.5 years in points, or $1,650. Our EOY Wyndham contract came loaded with double the normal points, so would only cost us $740.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Resale is certainly the way to go to save on those upfront costs. Thanks for watching!
@pennyarizzio2824
@pennyarizzio2824 Жыл бұрын
What were the closing costs for the 3 timeshares? That is such a great idea!
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
@@pennyarizzio2824 Generally for a resale deed, you can get a closing for under $300. I am currently closing on a Wyndham contract and the closing costs through a third party company are $225+recording and mailing fees. There is also a $399 Club Wyndham transfer fee. Not all timeshare companies charge such a high transfer fee. For Marriott it is only $25/deed.
@pennyarizzio2824
@pennyarizzio2824 Жыл бұрын
@@DestinationTimeshare This was my cost.. Purchase Price $4999 Approx Closing Cost $675 Transfer Fee $460.00 Club Dues $199.00 paid annually ($216 international) Estoppel Fee $89 Club Fee $655 billed at closing from resort Total Purchase Price $7077 + reimbursement of maintenance fees and taxes for use of 2023 points. Does that seem right? To late now but for he future..? Thank you so much for always answering my questions.
@thejokerspeaks
@thejokerspeaks Жыл бұрын
@@pennyarizzio2824 Hilton was the most expensive, about $1,500 for closing, club activation, and transfer fees. Wyndham was only $600 each.
@FoxFamTV
@FoxFamTV Жыл бұрын
Wow I’m sure the MVC salesperson won’t break down how much you’ll have to spend over the entire 30 years. I think timeshares can be a great deal if you do the research (like watching all of Destination Timeshares videos and joining TUG). Personally I would never buy into points. I have been happy with my resale timeshares that I bought for a fraction of what Marriott would have charged. Maybe I face some limitations regarding flexibility but I like taking 1 - 2 week vacations and love planning a year in advance. Yes there is a cost to trading with Interval but I am always trading up and sometimes into bigger units so I love that aspect of the timeshare game. Thanks for your videos!!
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Yeah. Back when Marriott still sold weeks, they would do these kinds of numbers and show how buying in could save you over just renting a room online. The number certainly aren't the same once they switched to points. Using legacy weeks to trade through Interval International is, what I consider, the best way to get the most value out of the system. It just requires more work to make it all happen. Thanks for watching!
@krislimpus
@krislimpus Жыл бұрын
Thanks for the video! Well done.. I hope more and more people see it. I was playing with the new club points calculator. In Feb. 7 nights at Westin Kaanapali in a 1-Bedroom (Island View) was 4475 club points... So $74,285 before discounts/incentives.😳 You can buy a Westin Kierland Gold resale to replicate that for $5,000 and your maintenance fee is about $1,000 less per year.
@tha92106
@tha92106 Жыл бұрын
A suggestion for a future video is the value of having cash available in an economic downturn. That is generally true. As the saying goes "the time to buy is when blood is running in the streets" (a bit grim, I agree). After the 2008 real estate crash I was able to purchase additional enrolled 😎weeks from the HOA at our timeshare resort (associated with one of the major hotel companies) for near resale prices. It has annoyed the timeshare sales people at every owner update since 😈
@njoylife2day
@njoylife2day Жыл бұрын
I financed my purchase throught them, but within 2 months I took a personal loan with a much lower interest rate and paid off the VSN loan. Thank again for the video.
@randyk2512
@randyk2512 Жыл бұрын
Excellent video and I appreciate the math. I just bought a few days ago and have 7 days to cancel. You may have just saved me a bunch of money. I'm more like another commenter where I can travel at somewhat off-times to get a lower point per night average cost. I've made a spreadsheet to determine my cost over 10 & 20 years since I'm already 65, and using 3% per year for maintenance increase and whether I use 5 or 7 days with the 1500 points. They did say the membership fee of 240 wouldn't change. Either way it all calculates to a lot of $$$ per day. All the math I couldn't determine in a 90 minutes presentation in Hawaii.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
If you are within the rescission period, certainly take advantage of that. Read through your contract to find the instructions and address to mail it to. You have a limited time to rescind, but once you are past that date you are locked in for a long time and the monetary value of what you own is very little. Thanks for watching!
@frederickcrawford5481
@frederickcrawford5481 Жыл бұрын
Thanks for sharing. This is very helpful. Love all your videos.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
You are so welcome! Thanks for stopping by and checking them out!
@chad77002
@chad77002 Жыл бұрын
One thing that I think is off…you added 14 bonus nights booked with pluspoints. You also subtracted the $6k dollar value of those pluspoints. This has a double impact of the pluspoints in your equation. Either add 14 nights or subtract $6k. You can’t do both.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Hello Chad, Thanks for watching. You make a good point. I was actually thinking about this very thing as I was editing the video. I thought I should revise it but opted to just keep it as is since a) it doesn't fundamentally change the cost all that much in the long run and b) people can opt to calculate it either way with the free companion digital download. Good to point it out though as I would agree, should just be adding the additional 14 nights and exclude the cash value of them to determine the overall cost per night over the life of the ownership.
@robynmartinez3846
@robynmartinez3846 Жыл бұрын
Hello, I am not sure this is the right way to ask you for help. I was a previous Vistana member, foolishly bought into Abound and now I am trying to get out of Abound. I sold my timeshare with Vistana this past summer. I received an email from Vistana that I will owe over 2K in maintenence fees for this next year (2024). I called Vistana who then gave me a number to a Exit Manager for Abound. I was told that I had to pay the 2K, fill out some paperwork and they would refund me the money. Not sure if that even makes sense. They then told me that if I didn't pay, collection agents (from their company) would basically hound me. I really did'nt care about their collection agency, but she told me that it would be turned over to a 3rd party collection agency, which of course would affect my credit. This is absolutely insane. I paid cash for this "priveledge", 20K to be exact. I do not owe anything in back fees, other than this new maintenance fee coming due in September. How is it that if I don't want to play with them anymore, I get penalized. If you have any answers, suggestions I would greatly appreciate it.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Please contact me directly through Messenger; m.me/destinationtimeshare I need to understand some more specifics about your situation which may not be ideal to share through KZbin comments.
@1955mlynch
@1955mlynch Жыл бұрын
hi Jeremy, thanks for this video and candor. We have watched most of your YT videos and have the MVC made easy course. After watching the recent videos; is the best destination still a timeshare? We think not. Our children have no interest or ability to pay the maintanence fees. For as expensive as continued Marriott Vaction Club ownership is, we wish that reservations were easier to make and use. All the strategies, like "renting to cover maintance fees" are a diversion from the central point that this simply is not the deal it used to be. The quality of the site maintanence has noticably declined at many sites. So increased fees are yeilding less. Our last several stays in various locations often included waiting for maintanence personnel to address issues in the villas. And because MVC sites are booked so tightly, the ability to move to another villa is reduced when an issue comes up. In addition, our advice would be to not purchase deeded weeks (direct from MVC or on the resale market) at any of the South Carolina locations Transeferring or making changes in ownsership in South Carolina is painful and expensive...you must use an attorney in South Carolina to even add a spouse on the deed.
@jasavak
@jasavak Жыл бұрын
The best destination is a timeshare , but it also can be the worse investment of your money .
@janinegarbacz4682
@janinegarbacz4682 6 ай бұрын
Your presentation is very helpful thank you for all the information
@DestinationTimeshare
@DestinationTimeshare 6 ай бұрын
You are very welcome
@winkles-moose2022
@winkles-moose2022 4 ай бұрын
Question: So if you buy in the after market or resale market are you better off? Also, if you inherit units and points, you’re basically just saddled with the maintenance fees?
@DestinationTimeshare
@DestinationTimeshare 4 ай бұрын
Resale is certainly cheaper to purchase than buying direct from Marriott Vacation Club. Anyone who owns points has to pay the annual maintenance fees for those points. It doesn't matter how you acquire the points. Thanks for watching!
@winkles-moose2022
@winkles-moose2022 4 ай бұрын
@@DestinationTimeshare Nice job!
@SuperStatch
@SuperStatch 2 ай бұрын
2024 club fee is 250 and i pay 1100 in maintience a year for 1500 points. me and my GF just bought we split the loan 10k each we got about 4500 bonus club points but we are going to rent those out to make as much money as possible to pay off the loan asap.
@DestinationTimeshare
@DestinationTimeshare 2 ай бұрын
If you are still within 10 days of purchase, you also have the option to rescind/cancel. Then you could look into the resale market.
@SuperStatch
@SuperStatch 2 ай бұрын
@@DestinationTimeshare Yeah i am going to cancel its not worth it to me and my GF yet
@DestinationTimeshare
@DestinationTimeshare 2 ай бұрын
@@SuperStatch Great! I do have a video that goes over all the details related to rescission; kzbin.info/www/bejne/nX27g3yNfMZqeLs
@SuperStatch
@SuperStatch 2 ай бұрын
@@DestinationTimeshare would you know where the opt out clause is on the contract i need to send via certfied mail and i cant find the file on the dumb usb they gave me
@DestinationTimeshare
@DestinationTimeshare 2 ай бұрын
I haven't read through one of their contracts. It will be part of the contract you signed.
@sandmanoseven
@sandmanoseven Жыл бұрын
Thanks for posting this I will never buy it. Sat in on a free night sell, it was a waste of my time and theirs, but I am glad I just took the free night.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Taking advantage of promo for a timeshare presentation is great, though one needs to have the resolve to be sure they say NO. Thanks for watching!
@dayiiyisell723
@dayiiyisell723 2 ай бұрын
We just bought 1644 points and ended up being about $22178. The maintenance assessment is $1233. We financed it but plan to pay it off within the next year to save on interest.
@DestinationTimeshare
@DestinationTimeshare 2 ай бұрын
There is no way you could have purchased 1,644 Marriott Abound Club Points. Marriott Vacation Club only sells them in 250 point increments called a Beneficial Interest. That said, if you have less than 2,000 they really don't go a long way. Small point contracts are sold just to try and sell you more down the road when you realize you don't have enough. You could save over half the money buying the points resale. I have a video where I talk about what you need to know before you buy Marriott Vacation Club points; kzbin.info/www/bejne/mKq4mYyffa-Whqc
@dayiiyisell723
@dayiiyisell723 2 ай бұрын
⁠@@DestinationTimeshareso that way i bought it was as 56300 star options at the Sheraton vistana villages in Orlando. They said those convert to 1644 points. They said the best way to get the most of the points is to travel in low season like October November.
@DestinationTimeshare
@DestinationTimeshare 2 ай бұрын
Okay. That makes sense. Certainly points will go further in off season and in smaller units. I'm not convinced that buying Sheraton Flex is the best way to go about this. How do you plan to use the points. Are you interested in mainly Marriott properties or Sheraton and Westin. The only way to get access to all three is with Abound Club Points and having access to StarOptions is also a plus.
@dayiiyisell723
@dayiiyisell723 2 ай бұрын
@@DestinationTimeshare​​⁠thanks for the info. I was having second thoughts about my purchase. But it is the Abound which gives me access to Sheraton Marriott and Westin as well as interval international. And I can use them as StarOptions or convert to Marriott club points which gives me great flexibility
@jaimeclayton8596
@jaimeclayton8596 Жыл бұрын
I seriously don't understand why anyone in their right mind would pay for this. I spend around the yearly maintenance fee TOTAL for a super nice vacay in cancun for a family of 4. That includes food, hotel, and airfare in a 2 bedroom condo in a beachfront resort. If you have 45k lying around then buy a beachfront condo and airbnb it. Then its an actual investment.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
I would agree. Though I don’t know many places I could buy a beachfront condo for less than $50,000. At least not near the same quality as a Marriott Vacation Club resort. Renting instead of owning is always a great option. Thanks for watching.
@entertainmentinternational1087
@entertainmentinternational1087 4 ай бұрын
Better buying ur own property in a vacation place abnb when ur not there amd using it when ever u want
@seanpeters7909
@seanpeters7909 Жыл бұрын
I guess you have to assume that the people who pay these big figures are the ones who financed the construction of the resorts.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Someone has to pay the bills. Thanks for watching!
@MichaelRistau
@MichaelRistau 7 ай бұрын
Maintenance fees 79 cents per point now
@DestinationTimeshare
@DestinationTimeshare 7 ай бұрын
Correct. The digital download that is included in the pinned comment was updated to reflect this. Unfortunately I can't update the video without producing a whole new one.
@andrewf3505
@andrewf3505 10 ай бұрын
Now I’m filled with DREAD … I bought 1500 points… and financed… AND I live in Canada so I have to convert from CDN to USD. Every USD cost me $1.35 CDN
@DestinationTimeshare
@DestinationTimeshare 10 ай бұрын
When did you purchase it? Was it less than 10 days ago? If so, you can still rescind/cancel. kzbin.info/www/bejne/nX27g3yNfMZqeLs
@andrewf3505
@andrewf3505 10 ай бұрын
@@DestinationTimeshare it was well past that point. Almost 15 months now. we are in it now.
@daveydeadlegs7448
@daveydeadlegs7448 Жыл бұрын
7 nights for 3,000 points is premium/peak timing. I'm able to get ~17 nights for 3,000 points. If you're savvy with it, you can find lots of top properties for 175 points or less.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
That is great that you can squeeze 17 nights out of 3,000 points. I wouldn't necessarily say that 7 nights with 3,000 is premium/peak pricing. It is kind of middle of the road or perhaps a little above average. For families traveling on school holidays, it might actually be about right or on the low end. If you want beachfront resorts, chance are you won't get seven nights most times of the year. If you are flexible and can travel in shoulder and off season, you can get a lot more nights but some (many?) they can't do it due to school or work schedule. If you can skip weekend stays, then you can also get more nights out of the same number of points. Though those shoulder season and weekday nights are also much cheaper on cash rates, so that will alter the overall comparison also. Thanks for watching!
@daveydeadlegs7448
@daveydeadlegs7448 Жыл бұрын
@@DestinationTimeshare all great points -- appreciate your insight and expertise!
@tha92106
@tha92106 Жыл бұрын
Enjoy your videos. Major mistake: you added in $6,5K vs $65k in your w/financing example. As someone might say "Huuuuge!". If you can not pay cash you shouldn't buy one IMHO. UPDATE: Apologies, I was counting the original principal twice.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Thanks for watching! I agree that if you can't pay cash you shouldn't buy. I actually make that very statement in the video at the 9:36 mark. With that, perhaps you could point out the mistake and at what timestamp? At 9:04 I indicate the total purchase with financing is $70,691. When I then add it together for the all in cost it comes to $170,744. I do see an onscreen typo at 9:04 where I transposed the hundreds and tens numbers in the Total Loan Cost. The text indicates $65,653 when it should be $65,563. I said it right but it was typed wrong so looks to just be a typo in the onscreen title as the onscreen total is still added up with the correct amount of $65,563. That is only a $90 difference though, much different than the near $60,000 difference you are referring to.
@DestinationTimeshare
@DestinationTimeshare Жыл бұрын
Saw your update. Thanks for letting me know. I know I watched the video like 7 times and ran through the numbers multiple times in addition to using the free digital download to verify. So other than that transposed set of numbers, and some rounding, I think it is as accurate as possible.
@MARIA-and-CATS
@MARIA-and-CATS 4 ай бұрын
I would NEVER PURCHASE SCAM SHARE !!
@DestinationTimeshare
@DestinationTimeshare 4 ай бұрын
Well, that helps keep the resale prices low for me...
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