Keeping watch on Trendwest / WorldMark by Wyndham

Monday, April 04, 2005

Unfortunately misunderstanding

A while back I made reference to an eBay auction that had the price horribly wrong.

The listing was for:

6000 time share credits at AU$2.10/credit. Trendwest to assist in transfer of ownership
The starting auction price was set at $2.10 -- obviously meaning "price per unit".

However, the bidding then went:

targatours ( 5 )$5.00
bobd2512 ( 0 )$6.50
alfewre ( 3 )$10.00
bobd2512 ( 0 )$12.50
bobd2512 ( 0 )$97.50
dino.t ( 24)$101.05
dino.t ( 24)$111.05
bobd2512 ( 0 )$113.55

Quite obviously, this bidding was incorrect and getting out of control -- nobody would pay $113.55/unit of WorldMark!

I wrote to the bidder and here's what they said:

hi!

it seemed like that - most of them thought that i was sellng the whole 6000 credits for $2.10, when it's clearly stated on my ad that it's for a membership with 6000 credits at $2.10/credit.

Just not happy with the service they'd given me. If I were you, if you don't intend to go on holidays every year for life, don't become a member. it is very attractive, but
sometimes things happen and you cannot afford this sort of luxury and it leaves you no option but to withdraw ownership. In my experience, it is not an easy step, since i put the credits on mortgage (if you paid for the total price upfront, no problem).
Because Trendwest does not do resale, it is the responsibility of the member to sell
his/her membership in order to pay out the finance. There's no way that you'd be able to recover the amount outstanding on the loan. You woud be out of pocket like me by approx $1500.

Anyway, to each his own. People have different priorities.

Goodluck on your website
I wonder whether it eventually sold?!

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