ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

Buying WorldMark Credits on eBay

Updated on October 5, 2014

So, You're Interested in Buying Some WorldMark Timeshare Credits....

If you want to pay lowest price for Worldmark by Wyndham timeshare vacation credits, you will want avoid WorldMark as well as Timeshare Brokers and Craigslist, and go directly to eBay. Find out below how to evaluate a good deal for WorldMark Credits on eBay.

How to get the best deal on WorldMark Credits - Where are they sold?

It takes about 12,000 WorldMark by Wyndham timeshare credits to rent a 2-bedroom unit for a week's vacation at most of their resorts.

There are four ways to purchase these WorldMark credits. The first is to pay to WorldMark the full retail price. The second is to purchase them through a timeshare brokerage. A third is to look on Craigslist. And the fourth is to buy them at auction, like on eBay.

Now, I'm assuming you'd like to avoid paying full retail price as well as the high-pressure sales tactics of WorldMark salespeople at an "ownership meeting." This is good as the retail price for WorldMark credits are well above $2.00 per credit, so your ownership of 12,000 credits would easily be $24,000+. (Got a spare $24 Grand lying around?)

Another option is to browse the internet, searching through broker after broker's website for available WorldMark timeshare credits. You will be successful but you won't get a good deal. On many of these websites, they seller pays the broker but, as always, it's just added to the price of the credits (There is no free lunch.)

A third way is to browse Craigslist classified ads. Yes, you'll be buying locally but most who advertise here bought their credits at retail and haven't yet experienced the dramatic decline in demand (and price) of WorldMark credits after they leave their "ownership meeting." (WorldMark credits can decline by 50-75% after they are taken "off the lot," using car saleman slang.)

So that leaves auction websites, like eBay. How do we get a good deal here?

Buy WorldMark Credits on eBay - but shop wisely!

Pay attention to not only the bid but also to the extraneous costs listed in the product description. Most items are offered by a broker and you, the buyer, will pay this fee after the auction closes. In addition, there are many auctions where the seller is behind in the maintenance dues owed to WorldMark--dues that you will need to make current before you use the timeshare credits. In addition, WorldMark charges a $150 ownership transfer fee. And watch out for very low bids, you may be assuming the seller's WorldMark loan, which in many cases makes the price of the points close to paying full retail.

How do I price a WorldMark timeshare credit auction, you ask? Easy! WorldMark credits on eBay sell for an average of 40-75¢ per credit. Decide how much you'd like to pay per credit and work backwards. (Beware that if you'd like to pay 40¢ or less, you'll be bidding on many, many auctions before you win and if you are willing to pay 80¢ per credit, you might as well choose a Buy It Now auction and be done with your work right away.)

Next, pick your price point. I'll use 60¢ per share in my example and I want at least a weeks vacation, so I'm purchasing 12,000 credits. In this example, the eBay item is offered by a broker who charges $395 to close the transaction and the seller has missed their last quarterly WorldMark maintenance dues of $200.

So, 12,000 credits x 60¢ is $7,200. But that's not my top bid, I want the seller to pay for the fees and dues, too, as they would if I bought them from the broker. I have to subtract from my top price the broker's fee, unpaid maintenance dues and the WorldMark ownership transfer fee.

My top bid would be:

How much I want to pay - Broker's fees - Unpaid maintenance dues - WorldMark's ownership transfer fee

or

$7,200 - $395 - $200 - $150 = $6,455.

So, my top bid is about $6,500.

This simple model assumes that the seller hasn't used up their annual WorldMark credits for the year or hasn't borrowed credits from next year's allotment. (Why would I want to buy a timeshare where I have to pay the quarterly maintenance dues for a year or more before I can take a vacation? I want it now!)

As a result, I need to adjust my bid to reflect this loss. Annual WorldMark credits (as opposed to the deeded, perpetual timeshare ownership credits you are buying) sell for about 6¢ on eBay. If, in the above example, the seller has used up this year's credits and used an additional 4,000 "borrowed" credits from next year, this needs to be accounted for in the bid.

My top bid would now be:

$6,455 less the "used" 12,000 annual credits and the "borrowed" 4,000 annual credits

or

$6,455 - (12,000 + 4,000) * 6¢ or $6,455 - $960 = $5,495

So, in this case, my top bid is around $5,500.

There you go. Happy bidding!

Books to Enhance your Worldmark Ownership

What do you think? - What else would you like to know? What else would be useful?

    0 of 8192 characters used
    Post Comment

    • profile image

      anonymous 

      7 years ago

      @Riazjanif: When you buy someone's WorldMark credits, you get their membership account, too (i.e. two WorldMark accounts are now in your name.) That's what the $150 WorldMark Ownership Transfer fee is for, to merge the two accounts into one.

    • profile image

      Riazjanif 

      7 years ago

      What if I already have Worldmark credits and want to purchase some more credits via Ebay?

      Will the new credits purchased via Ebay be added to my exiting account, i.e at the end of day will I have one owner number or 2 owner numbers (one for the current one I hold & another one for the one ourchased via Ebay?

      If it leads to having 2 ownership numbers then how can we use bith memberships to make one booking - say I have 3000 credits available from one membership and to make a weeks booking I require another 9000credits which will be available on the second membership !!!!!!!!!!!

      Hhope I am clear.

      Thanks

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)