Contract watching

[DisAround]

Is it a normal thing to look over contracts regularly with consideration for how the current/banked points might be used for an upcoming trip or trips with the intention of using what is needed and then dumping the contract? Has anyone done the math on what their break even is based on available points and quick use (given closing cost, CAF, etc.) with the intent of selling shortly after?

 

[DisAround]

Another thought is could a contract be financed and used and sold quickly enough and still be worth it for the point usage? I'm thinking not but if it could be bought at the right timing and low enough...?

 

[Brian Noble]

Is it normal? No idea. Do I do it? No. Would I now that you've mentioned it? No.

I mean, it probably pencils out---there is a reason that some of the larger rental organizations buy-strip-flip contracts---but I can't see myself spending the time it would take to do this to save money on personal vacations.

 

[cruisehopeful]

I don't know if anyone has done that. Something to keep in mind is that when you buy, you pay closing costs and the $500 new fee. When you go to sell, you'll pay commission and Estoppel and notary. Could it pan out? Maybe, but so could gambling in a casino.

 

[intamin]

I'd be willing to bet it's easier to just rent points for that trip and avoid being stuck with the contract or being forced to sell it under value to dump it. It would also be much faster to rent and you wouldnt have to wait for ROFR and then closing and then have to go through the process again to sell it. Even if I did somehow save money doing that, I can't imagine it's worth the hassle.

 

[Tatebeck]

I look at contracts all the time! But not to strip and flip them...

 

[IsDVCForMe?]

I started looking at them more. Would buy a fully loaded contract knowing those extra points would be worth it. But wouldn’t dump it after.