ONLY SERIOUS BIDDERS PLEASE!!! Please only bid if you intent to pay!!!
PLEASE READ THE ITEM DETAILS!!!
Flexi Club is a family vacation club which provides you with holiday accommodation in an extensive portfolio of resorts which are handpicked to meet your discerning holiday needs. As a Flexi Club member, you enjoy total flexibility and may choose where, when and how you want to holiday almost anywhere in the world.
With Flexi Club, there are none of the restrictions of traditional fixed holiday ownership. You can make use of full week, midweek and weekend breaks as well as tailor made packages, cruises, discounted specials and bonus weeks
YOU ARE BIDDING FOR THE FOLLOWING PACKAGE:
Total package of 12 500 Flexiclub points, annually + 10 bonus breaks per year!!!!!
Normal Retail Price - R 11.40 per point
This package retail value; R 142 500 bid = per point (package can NOT be split)
The points are automatically issued to you every year. These points increase in line with inflation each year, ensuring that your asset appreciates and you continue to enjoy a lifetime of holidays.
Member Benefits includes; the freedom to vacation at any Flexiclub resort, enjoy as many holidays as you choose, provided you have sufficient points, Points are issued at the beginning of each year for you to use. Any unused points may be accumulated for up to 36 months, the value of your points increases in line with inflation each year, regular interactive communications
more information: www.flexiclub.co.za
Important Important - Please READ!!!!
A negative rating will take place due to non payments - SNC will be filed with BoB
Take note that Flexiclub raise annual fees - They include your Annual Club Subscription, Refurbishment Reserve and Holiday Contribution. This can be paid monthly (by debit order) over 9 months. The fees are made up as follows:
1. Annual Club Subscription;
to cover the annual operating expenses of running the Club e.g. accounting and administration costs, reservations, statements. Each member pays the same amount. The 2013 fees R 1 892
2. Refurbishment Reserve:
This amount covers costs incurred to maintain the quality standards. The current percentage is 0.5% plus a Base Levy of R295 per member
3. Holiday Contribution:
is calculated at 8.5% of the value of the points you own. This payment is transferred to your Holiday Savings accounts. This is kept in your Holiday Savings account until you book a holiday and only then will they deduct the amount applicable from your Holiday Savings. Any Holiday Savings remaining at the end of the year will carry forward
Example of annual fees calcultation:
12 500 points x 11.40 per point = value R 142 500.
Holiday Contribution @ 8.5% = R 8 236 (cap at 8500 pnts)
Club Subscription R 1 892
Refurbishment Reserve R 513 (0.5%)+R295
Total = R 10 918 per year (R 1 212 p/m over 9 months)
Transfer Fees: There is a transfer fee of R 990 to transfer the points into your name. FICA documentation required (ID, Poof of recidence etc.). Take note the transfer fee is included under the shipping charges.
Payment: Winning bid amount + R990 transfer fee within 48 hours. ONLY SERIOUS BIDDERS PLEASE!!!
