Keeping watch on Trendwest / WorldMark by Wyndham

Saturday, March 05, 2005

6000 credits on eBay with no discount!

You have to feel sorry for some people when they over-commit themselves.

I found a listing on eBay for someone selling 6000 credits (actually 6000 units in the trust). Sorry if the link to eBay has expired, but here are the relevant details:
We currently own 6,000 Holiday credits, have paid $3,500 and $7,300 remaining. Monthly Payment of $190.74 which converts to $2.00 per Credit point.We intend that the interested person(s) will pay us what we have already paid and continue paying the remainder as monthly instalments to Trendwest.

eBay item number: 6516403705
eBay seller: shalendrap

So, they're looking to sell out of WorldMark for $10,800 -- pretty much what they paid for the units. Now, why would somebody want to pay them back everything they have already paid, and then assume responsibility for the future amount owing? They may as well sign-up directly with Trendwest!

Okay, so it's only $2/credit point, but that's not much less than the current $2.05/unit -- and WAY ABOVE the market value on the Internet at the moment.

Sorry, I don't think they'll find a buyer!

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