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Re: Huge Difference Between Purchase and Resale (by Mike N.):

toddm87 wrote:

Hello, I am new to timesharing and new to this site/forum. With no previous TS experience, my wife and I succumbed to the pitch when vacationing in Mexico in January (Peublo Bonito Sunset Beach). We did all the math and it seemed to make sense and be a good deal. We bought a floating EOY.

Now that I am back and doing more research on exchanges (and seeing what if anything my 4 bonus RCI weeks are worth), I am totally steamed when looking at the resale values. I basically could have bought the same thing on this site for 40% of the cost.

I have seen several posts that state the fact that the resale value is much lower, but a 60% drop seems outrageous to me. I know that every time I sleep in that bed I am going to be thinking about how much less that it should have cost me (for 30 years!!!!)

Even a new car does not depreciate that much when driving it off the lot. Does anyone have any understanding of how this secondary market became this way?

Second question, can I also assume that the RCI bonus week certificates that I recieved have very little trading power and are not linked to my home location?

Thanks, Todd

---------- Todd, I think we're all guilty of buying an overpriced unit from the resort (including me). Yes, you can assume the bonus weeks have little trading power. If they are anything like Interval International's bonus weeks, they are good for travel within the next 45 days (and you have to pay $200 exchange fee as well). What can one do? Well, accept what happened and enjoy your resort. If it is in a popular spot and a prime time you can probably get a decent exchange or rent it through redweek and, at a minimum, cover your maintenance fees. If the resort is a Points Resort, then you'll have a bit more flexibility with your unit. Good Luck, Mike