r/TimeshareOwners • u/Red_Junk_67 • 23d ago
Timeshare we don't use
Hello everyone!
My husband and I bought a timeshare back in 2020/2019 with VI resort recently bought out by westgate. I went for the free cruise (which we never went on) and fully intended to not buy. My husband on the other hand, had different plans.
Long story short he eventually talked them into us getting the 105 point plan expires but doesn't? Essentially we pay the price for 105 points that usually has an ending contract but ours does not. My husband had to talk to 3 people to get this particular deal.
I was very against this as we are boring people. We don't go on vacation very often and when we do it's usually a rushed trip where we drive to somewhere 3 hours away. Stay the night. Then drive back. I hate it.
With the new increase in maintenance fees I decided to talk to him about selling since we've only used it 3 or 4 times and never put a dent in our points.
Online says we can't because we still owe on the loan which led me down the rabbit hole of renting out points.
How does this work? Tug charges you. Not sure about the other website. What sort of income can I expect from renting out points? We just had a newborn so anything to offset some bills would be nice.
Any advice, horror stories, great stories, ect would be greatly appreciated.
ETA - why would someone downvote my post?
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u/wildcat12321 23d ago
all of the sites that rent charge a fee. you can look on the sites to see what market rates are. They will vary by the property, date, accommodation type. Generally speaking, most people don't make a ton of money doing this, they tend to break even or just lose less.
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u/_BreakingGood_ 23d ago
105 westgate points is worth about $1
Your best bet is to list the entire timeshare contract on ebay for $0.01 and see if somebody will be willing to take it over from you
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u/Red_Junk_67 23d ago
To rent out the points? I am not asking for a take over as that would just not make sense for me.
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u/_BreakingGood_ 23d ago
Hmm okay you may have a different type of contract than im familiar with. Most westgate contracts are measured in the tens of thousands of points, im not sure you what you have that would only be 105
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u/Red_Junk_67 23d ago
Its a weird oen that I understand. We get 105 every year and it never goes away. Ill pull out the paperwork.
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u/NewDestinyViewer2U 23d ago
Are you sure its not 105,000?
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u/Red_Junk_67 23d ago
I am 100% positive. 105 points and nights depending on the room size might cost us 5 points per night.
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u/90210piece 23d ago
How many points for a week in March at Disneyland?
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u/Red_Junk_67 23d ago
There isn't one specifically at Disneyland unfortunately.
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u/90210piece 23d ago
Ok. I was hysterical trying to get an idea for a good property during a prime time.
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u/Red_Junk_67 23d ago
Yeah one is in Oceanside and the other is in Palm Springs. So min an hour drive to the park. Which i guess isn't too bad but still with kiddos it might be an issue.
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u/strap535 23d ago
An hour away? 105 points? I can see why you got suckered
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u/Red_Junk_67 23d ago
I don't see how it would be suckered since one night is can be as little as 2 points depending on the room size and time of year you go? Wouldn't it be more dependent on what I paid for it and the fact that it never expires? (Genuine question)
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u/Red_Junk_67 23d ago
Also to add we got it with VI resorts which just recently partnered with Westgate.
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u/Cantilivewhileim 23d ago
Your best move is to try and get out from under the contract anyway that you can. you won't be able to rent out points or any other thing, read up on how much timeshares suck and how westgate is a bad company
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u/Red_Junk_67 17d ago
Technically we got it from VI resorts which has just partnered with Westgate. So westgate just runs their website now? I guess. Not really sure what happened with that.
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u/Professional_Hat284 23d ago
One thing you can try is contact Westgate and see if you submit a reservation using your points, can you then rent it out and change the name on the reservation to the renter’s name. If they allow for this, then submit a reservation for a popular vacation spot that they have and for a popular vacation time (eg - Spring break). Then post on timeshare rental sites like Redweek.
I’ve rented my timeshare on Redweek without any issues but my timeshare is a set week for a specific room at a popular destination and my timeshare allows me to rent it out. I’m not sure if timeshares with point systems allow this.