Hey all,
I've been reading this board for a while looking for a resale timeshare to buy. I've been trying to figure out the best brand to buy in to and I've decided that Hilton is the way to go because they don't place restrictions on resale like the other brands and they have luxury resorts. What I don't understand is how this actually saves any money. Here is a $1 HGVC Elara resale in Vegas:
http://www.ebay.com/itm/3500-HGVC-P...106398?hash=item2ef06c041e:g:zf0AAOSwl8NVZ0OQ
One week every year. With a maintenance fee of $837 per year, that comes to $119 per night. Here is Elara on Expedia
https://www.expedia.com/Las-Vegas-H...32041&c=c0fb3556-512f-4133-9a32-b91df549103c&
I can get a Studio on Expedia for $136 per night. So the timeshare saves me whopping $115 over 7 days? That's not even including closing costs and all those extra fees. With closing costs and saving only $115 per year it would take me about 5 years just to break even. Do people really go through all of this trouble to save $115 per year? I'll spend that on dinner in one night... I just don't get it. If I'm buying a life-long contract shouldn't I receive a bigger discount? What am I missing here? Do you not have to pay the $16.37 per night in taxes and fees with the timeshare like you do with Expedia?
Thanks all!
I've been reading this board for a while looking for a resale timeshare to buy. I've been trying to figure out the best brand to buy in to and I've decided that Hilton is the way to go because they don't place restrictions on resale like the other brands and they have luxury resorts. What I don't understand is how this actually saves any money. Here is a $1 HGVC Elara resale in Vegas:
http://www.ebay.com/itm/3500-HGVC-P...106398?hash=item2ef06c041e:g:zf0AAOSwl8NVZ0OQ
One week every year. With a maintenance fee of $837 per year, that comes to $119 per night. Here is Elara on Expedia
https://www.expedia.com/Las-Vegas-H...32041&c=c0fb3556-512f-4133-9a32-b91df549103c&
I can get a Studio on Expedia for $136 per night. So the timeshare saves me whopping $115 over 7 days? That's not even including closing costs and all those extra fees. With closing costs and saving only $115 per year it would take me about 5 years just to break even. Do people really go through all of this trouble to save $115 per year? I'll spend that on dinner in one night... I just don't get it. If I'm buying a life-long contract shouldn't I receive a bigger discount? What am I missing here? Do you not have to pay the $16.37 per night in taxes and fees with the timeshare like you do with Expedia?
Thanks all!