If you maximize your time share asset you can enjoy months of use a year on one timeshare unit. In the Geezer Guide to Buying a Timeshare we described the way to get the best possible deal on buying your new timeshare. We also made it clear that all you need to own is one timeshare, in this article I will explain how having one timeshare is enough. This strategy hinges on the Owner (you) joining RCI or a similar timeshare company and putting your timeshare into a timeshare pool where you can receive points toward getting timeshares all over the World.
As an example we will pretend that your new timeshare gets you 80,000 points every two years (this is about right) and your maintenance fee is $400 every two years. I’m basing this on our last timeshare purchase.
When you go on the RCI points exchange site you will find that you can run a search for units that are available for 10,000 points or less. Some vendors like Wyndhum timeshare resort will not let you do this. Avoid Wyndham like the plague; you want a timeshare that deals in regular RCI points.
At this point you need to avoid a common mistake. Companies like Wyndum have their own point exchange system that you access thru their site. You want to go thru a resort where you access your points directly thru RCI.com.
Once you have filtered the RCI site to units for 10,000 points or less you will see hundreds of timeshares that will allow you to get 7 day stays for 10,000 points. I generally stick to Gold Crown resort and can get them all day long for 10,000 points or less sometimes as low as 4,000 points. The screen shot above shows that there are 1086 resorts with 10204 units available for 10,000 points or less this shot was taken of RCI on April 4th. As a Geezer with your bags packed you could probably find a cool vacation from one of these 1086 resorts world wide.
So the $3000 timeshare I bought can get me 4 last minute discounted timeshares a year with my points that’s really GOOD.
Good is nice but as a Geezer Traveler we want “GREAT” use of our timeshares. Here’s where this gets great. Every month you will get an email from RCI offering “LAST CALLS” and you see the “LAST CALL” option at the top of the RCI search page (see blue dot below).
Last Calls are close out deals for as low as $199 a week usually available within a sixty day window. A last call does not use any points, it is a bonus week where all you pay is the $199 fee (without the advertised $199 deal these bonus 7 day vacations may cost between $269 and $310).The screen shot shows that there are 623 Last Call Resorts that you could choose from with NO points paid. If you are crazy enough and have your bags packed your hypothetical cheap timeshare investment could get you bonus access to lodging indefinitely for less then $800 a month at Gold Star Resorts around the World. I got on RCI this week for about five minutes and found Last Call resorts all over the world.
OK this is the last time we’re going to do the math in this blog. Charlene and I went to Las Vegas for a month; we stayed the whole time in two bedroom luxury suites at the Grandview Resort. For the full month we paid $796 and “0” exchange points. Our total daily cost for lodging in these luxurious two bedroom suites with amenities like a full Jacuzzi tub and full kitchens was $28.50 a day and that’s a “GREAT” travel deal!
Over the years we have enjoyed similar deals in Spain and South Africa and if you hunt for them, they are available all over the World.
As I see timeshares that offer good deals I will send out notices to my timeshare Geezers that have signed up for emails.
If done right there are few tools more powerful for Geezer’s then a foreclosure or resale timeshare and an RCI membership. If this blog gets you moving let me know your success stories and if you have questions, send an e-mail and I’ll try to answer them.
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