Keeping watch on Trendwest / WorldMark by Wyndham

Wednesday, March 09, 2005

$1.47/unit on eBay

Found on eBay:
These credits are paid off at $190 per month and have a total amount owing of approximately $9032 plus $3340 interest. Even after the credits are fully paid off you continue to receive credits every year. There are annual housekeeping fees of $386 per year. There is also a processing fee of $150 for transfer of ownership. The total amount already paid on these credits is approximately $5200. We used some credits last year for a wonderful holiday in the USA, Our trendwest experience was unforgettable. Unfortunately finances and study commitments no longer allow us to utilise these credits to there full potential.

eBay item: 6517302334
eBay seller: shagga00 (zero rating)
Starting bid: $1,250

Let's see...

$9032 + $3340 = $12,372 -- pretty good considering interest costs

$5200 paid off already, so I assume the purchaser will only assume costs of $12,372 less $5,200 - that makes it $7,172 to pay off to Trendwest, plus at least $1,250 for the auction. Total: $8,422

If these assumptions are correct, it will be about $1.47/unit. Not the best, but not as silly as some auctions I've seen online.

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