ONLY SERIOUS BIDDERS PLEASE!!! Please only bid if you intent to pay!!!
PLEASE READ THE ITEM DETAILS!!! ASK QUESTIONS IF NOT SURE
Flexi Club is a Points-based vacation club. Flexi Club 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 7 748 Flexiclub points, annually!!
Normal Retail Price - R 11.40 per point, this package retail value; R 88 327
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!!!!
Take note that Flexiclub raise annual fees - This fee consists of:
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 2015 fees R 2 072
2. Refurbishment Reserve:
This amount covers costs incurred to maintain the quality standards. Calculated as 0.5% of points value
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:
7748 points x 11.40 per point = value R 88 327.
Holiday Contribution @ 8.5% = R 7 508
Club Subscription R 2 072
Refurbishment Reserve R 441 (0.5%)+R 305
Total = R 10 326 per year (R 1 148 p/m over 9 months)
Transfer Fees: There is a transfer fee of R 2 215 to register the points into your name. FICA docs required (ID, Proof of residence etc.). Take note the transfer fee is included under the shipping charges.
Payment:Winning bid amount + R 2 215 transfer fee
