Marriott Timeshare Presentation: What to Count on, Plus My Expertise in Vegas
Timeshare displays are an effective way to e book a free or low cost trip. One of many explanation why they offer away these low cost journeys is as a result of there’s a requirement that you could attend the presentation, often for at the least 90-120 minutes. I booked a Marriott Trip Membership stick with a timeshare presentation requirement. I stayed in Las Vegas for 3 nights and sat down with a Marriott timeshare salesman for 90 minutes. Try the small print beneath, and be taught what to anticipate from these timeshare gives from my Marriott timeshare expertise.
What’s a Timeshare?
A timeshare is a property with a divided type of possession or use rights. These properties are usually resort condominium items, wherein a number of events maintain rights to make use of the property, and every proprietor of the identical lodging is allotted their time frame. You is perhaps assigned a particular week, otherwise you buy numerous factors which you get to make use of yearly at any eligible properties which might be a part of this system.
Marriott Trip Membership for instance has greater than 10,000 trip choices in essentially the most fascinating journey locations worldwide, together with villas, and lodges.
Pricing varies extensively. The typical value of a timeshare is $22,942 per interval, primarily based on knowledge from the American Resort Growth Affiliation. Then there are upkeep charges, which once more will fluctuate, however shall be on common round $1,000 per 12 months. Further recurring charges may apply as effectively. These charges typically hold going up yearly, except your contract particularly notes that it’s a mounted value.
This text is especially targeted on timeshare displays and how you can leverage them into getting a free or low cost trip. However in case you are actually contemplating shopping for a timeshare, then your only option must be the secondary market. You’ll get a giant low cost on the acquisition value from folks seeking to promote their timeshares, however you’ll hold paying the identical upkeep and recurring costs yearly.
Marriot Trip Membership
Marriott Trip Membership is among the choices in case you are in search of timeshares, or for timeshare presentation gives. If you turn into a Marriott Trip Membership Locations Proprietor, you obtain an annual allotment of Trip Membership Factors. These are the “forex” you utilize to e book your holidays.
As I discussed above, Marriott Trip Membership has greater than 10,000 properties world wide and experiences which you could e book with these factors. These embrace:
- Marriott Trip Membership Resorts
- Trip Properties
- Marriott Bonvoy Accommodations
- Marriott Trip Membership Pulse
- Accommodations and Luxurious Residences
- Cruises
- Interval Worldwide Companions
- Journey Journey
- Guided Excursions
- Specialty packages
You possibly can see all of the choices for every factors allotment here. To have entry to each single property and expertise, you want 15,000 Trip Membership Factors. With the minimal vary of 1,500 factors that’s proven on the slider, you get entry to about 2,400 properties. The minimal quantity of factors which you could purchase is 1,000. So you’ve entry to even fewer properties on the entry degree, and probably you possibly can’t e book any of the villas and lodges proven to you all through the presentation.
Pricing
Throughout my timeshare presentation I requested concerning the pricing for the minimal quantity of factors. Right here’s how a lot you would need to pay for 1,000 Trip Membership Factors (minimal buy):
- $15,600 Buy Value ($15.60 per factors).
- $620 Annual Upkeep ($0.62) per level.
- $260 Fastened Annual Price.
For two,000 Trip Membership Factors it could be $31,200 to buy, after which an annual upkeep payment of $1,240 and a set annual payment of $260. You possibly can both pay upfront or finance with an rate of interest on 15.99%.
I used to be instructed that Trip Membership Factors don’t devalue, the value is mounted for all times. I used to be additionally instructed that the annual upkeep payment won’t go up ever. However the mounted charges would possibly change.
Throughout the presentation we requested concerning the resale worth of our timeshare. We have been instructed that Marriott Trip Membership will purchase it again anytime, however at a fraction of the price.
Marriott Timeshare Expertise
I did one among these gives not too long ago on a visit to Las Vegas. The supply was for 3 nights in Orlando, Myrtle Seashore or Vegas. I selected the latter since I had a visit deliberate. This wasn’t the most effective gives I’ve obtained, however the weekend I used to be touring, pricing have been sky excessive. So $199 for a three night stay was first rate in comparison with going lodge costs. I referred to as in and was really capable of get a fair higher supply, $149 for 3 nights. However there was no factors bonus.
I made the cost over the telephone and the obtained an e mail affirmation. I obtained a name from Marriott Trip Membership a number of days earlier than my keep. They have been simply checking in to see how many individuals have been touring with me and to substantiate the dates of the keep and the time and place for the presentation. The identical info was once more confirmed upon check-in.
I stayed at Marriott’s Grand Chateau, situated on Harmon Ave, lower than a block off Las Vegas Strip. The property was a bit outdated. The proprietor’s suites that you could possibly get as soon as you bought a timeshare, appeared higher. There have been two swimming pools, one on the fifth ground and one other on the highest ground with a small rooftop bar.
The timeshare presentation is often executed on the day earlier than you try. Ours was at 11AM and we have been required to attend for at the least 90 minutes.
The 90 Minute Presentation
We walked in at 11AM and sat within the ready space for about 5 minutes. We have been supplied espresso or refreshments. Then a gross sales consultant got here by, launched herself after which we went on to her workplace. There was no group presentation concerned.
For about 30 or 45 minutes, we simply chatted away about what nations every one among us had visited. She instructed us the place she grew up, how she ended up working for Marriott and so on… She requested about dream holidays, whet we search for in a vacation spot or a lodge keep and different particulars about our journey habits. It was only a nice dialog and never pushy in any respect as much as that time. I defined that I don’t actually search for a lot in a lodge room. I often have a look at the placement, I count on first rate service, a clear room and a superb mattress.
Then she began asking about the price of our travels. I defined that I’ve minimal prices when touring due to bank card miles and factors. As for prices, I stated that meals and actions have been most likely the biggest out of pocket expense. She countered that you just want a variety of factors to remain totally free and requested about my factors balances. She was impressed 🙂
Closing Push
The gross sales rep went into a brief pitch that I’ve to spend cash to get these factors, and as a substitute it could be higher to take a position them in a timeshare that I may later go away to my youngsters. I didn’t actually get into my spending habits for incomes bank cards, however I countered with signup bonuses that get you massive quantities of factors directly.
We then went into one of many house owners’ suite within the lodge so we may see the luxurious we may purchase with a Marriott Trip Membership timeshare. It was enormous and first rate, however not likely luxurious. We then received again to her workplace and he or she requested what can be our splendid value. I stated that I wouldn’t pay multiple or two thousand, and even totally free I might nonetheless need to suppose if the annual charges make sense for me.
She didn’t push a lot after that, and he or she didn’t name in her supervisor both to indicate me extra incentives (which she instructed me would occur in the beginning). After that I met with one other rep for a fast survey concerning the expertise. There they supplied me a Hawaii keep for five nights for $999. The fee can be deducted from the timeshare value if I made a decision to purchase. That was a fast no, and we have been on our approach to get pleasure from Las Vegas. We really ended up staying about 10 extra minutes previous the 90 minute requirement.
Attending a Timeshare Presentation: What You Ought to Know
Right here are some things to remember when contemplating on of those gives:
- It’s not enjoyable to attend a timeshare presentation throughout your trip.
- All the time ask for a greater deal when reserving. Ask for extra factors or a cheaper price. For Hilton presentation for instance we’ve got seen bonuses as high as 150K points.
- In case you are married or cohabitating and mixing revenue, the couple is probably required to go to and attend the presentation collectively.
- Most of those timeshare gives have an revenue qualification reminiscent of $50K, $75K, and even $100K per family.
- Should you fail to attend the presentation, or fail to satisfy any of the opposite necessities, you not solely miss out on the bonus factors, however should pay the total value on your keep.
- They may present you among the most superb properties they’ve. However in the case of pricing, they present you the most cost effective packages that don’t get you anyplace near these fancy properties.
- Do you really want a 3 bed room villa? Should you journey alone or as a pair, most like not.
- Take your time and do the maths in case you are actually contemplating shopping for a timeshare. Do your analysis forward of time. Try the secondary market or even eBay the place you should buy them for as little as $1.
- You don’t need to buy a timeshare. The one requirement is to attend a timeshare presentation.
- You solely want to remain for 90 or 120 minutes often. After that, you possibly can go away.
- Put together some counterpoints, on why timeshares don’t be just right for you. (You don’t want a mansion for 2 folks. You keep totally free with factors and free night time certs. You simply wished to take a look at a timeshare presentation, however aren’t fascinated with shopping for, and so on.)
Marriott Timeshare Expertise: Guru’s Wrap-up
Should you’re significantly contemplating a timeshare, take your time. The secondary market might be your only option. However usually, timeshares aren’t the good deal that gross sales reps make them to be.
Then again, a timeshare presentation supply generally is a nice deal if you recognize what to anticipate. You will get an inexpensive keep at fashionable locations like Las Vegas, Hawaii, Orlando, Myrtle Seashore and extra. Plus these gives often include bonus factors reminiscent of Marriott Bonvoy, Hilton Honors or Wyndham Rewards. My deal was not the most effective. I typically write about significantly better gives right here on the location. However I wanted an inexpensive keep in Vegas on a weekend when all the things was overpriced.
As for my Marriot Timeshare Presentation expertise, I anticipated it to be a lot worse. However it was really painless. That clearly varies between packages and gross sales reps. However in case you have a plan on how you can counter the gives, it ought to make all the things simpler. Hopefully you possibly can be taught from my experiences with Marriott Trip Membership.
Please be happy to share your Marriott timeshare expertise, or different timeshare packages (good or dangerous).