time share..
- Thread starter ruffryder
- Start date
lol Surprised there were no takers on this yet.
We bought into WorldMark by Wyndham (formerly Trendwest) and have really enjoyed it. Overall the annual cost to us vs. reserving like-sized condos for where we stay I think it is much cheaper. The way we based our decision was figuring out how much we would spend staying in hotels in an average year and compared that cost to the cost of ownership. A HUGE plus is having I think 80+ resorts with anything from studios to 3-Bed penthouses, available year round (some places can be tricky to get good units), and not planning a trip around a single date range each year.
If we end up staying somewhere that there isn't a resort, there is a list of hotels that we can utilize a discount as part of the 'ownership benefits'.... Like I said, for us it definitely worked out better financially and logistically speaking. Way more room if you need it, way more flexibility to plan events, way closer to a lot of places we vacation than any hotel at least. Hope that helps.
(p.s. - My mo-in-law has a timeshare through Marriott in Park City and in the 10 years that I have been with my wife we have only stayed there once. They have only stayed there 2 other times. It is a really nice place right at the resort, but logistically is a nightmare to put something together. Mostly the dates they have it don't coincide with any annual event/family even that is worth planning for.)
We bought into WorldMark by Wyndham (formerly Trendwest) and have really enjoyed it. Overall the annual cost to us vs. reserving like-sized condos for where we stay I think it is much cheaper. The way we based our decision was figuring out how much we would spend staying in hotels in an average year and compared that cost to the cost of ownership. A HUGE plus is having I think 80+ resorts with anything from studios to 3-Bed penthouses, available year round (some places can be tricky to get good units), and not planning a trip around a single date range each year.
If we end up staying somewhere that there isn't a resort, there is a list of hotels that we can utilize a discount as part of the 'ownership benefits'.... Like I said, for us it definitely worked out better financially and logistically speaking. Way more room if you need it, way more flexibility to plan events, way closer to a lot of places we vacation than any hotel at least. Hope that helps.
(p.s. - My mo-in-law has a timeshare through Marriott in Park City and in the 10 years that I have been with my wife we have only stayed there once. They have only stayed there 2 other times. It is a really nice place right at the resort, but logistically is a nightmare to put something together. Mostly the dates they have it don't coincide with any annual event/family even that is worth planning for.)
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R
RMK7SledHead
Well-known member
My wife and I went to Las Vegas and spent 3 hours at the Hilton Grand Vacations showroom getting the full run-down on their plan. In the end we said no (and they were NOT happy about that), but it's because we are trying to get 100% debt free at this point, not adding to it. Their financing was a joke too (12%+ interest), but I wouldn't do it if I couldn't pay cash anyway. It's also an ownership deal where you have a title to a certain property, not just a timeshare (I don't know how this compares with other companies).
The best part of the Hilton deal was being able to roll unused points from the "timeshare" onto your normal rewards card at a 20:1 ratio, which means they add up fast, and soon you no longer have to pay for hotel rooms at ANY Hilton in the world.
Cheapest program they offered us was $12,500 for the equivalent of 20 days every 2 years. Next step up was $28k for 30 days every year.
The math works for us and how we travel right now, and as a "retirement plan" of sorts, we just didn't have the $$$ at the time to do it and it's not something I want to finance. But, we got a 3 night stay in Vegas for $100 out of the deal, and they did sell us on the plan for some time in the future.
The best part of the Hilton deal was being able to roll unused points from the "timeshare" onto your normal rewards card at a 20:1 ratio, which means they add up fast, and soon you no longer have to pay for hotel rooms at ANY Hilton in the world.
Cheapest program they offered us was $12,500 for the equivalent of 20 days every 2 years. Next step up was $28k for 30 days every year.
The math works for us and how we travel right now, and as a "retirement plan" of sorts, we just didn't have the $$$ at the time to do it and it's not something I want to finance. But, we got a 3 night stay in Vegas for $100 out of the deal, and they did sell us on the plan for some time in the future.
