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Difference in Pricing

M

msbrinkley

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So what am I missing?

HGV Seaworld:

Season Cost per point
Gold 2b/2b .90
Gold 3b/3b .71
Platinum 2b/2b 1.22
Platinum 3b/3b 1.39

Appears cost per point with 3b/3b increases as compared to2b/2b in Platinum season. However the converse occurs in Gold. Why would that be? Economically, it appears to be an incentive to purchase Gold 3b/3b based on cost per point value decline. Am I missing something? All are annual usage so it is apples to apples.

Is 3b/3b more difficult to secure/reserve/exchange? Is Gold a weak season in Orlando? What about exchanges with RCI or SFX?

Not sure I get it.
 
Last edited:
msbrinkley said:
So what am I missing?

HGV Seaworld:

Season Cost per point
Gold 2b/2b .90
Gold 3b/3b .71
Platinum 2b/2b 1.22
Platinum 3b/3b 1.39

Appears cost per point with 3b/3b increases as compared to 2b/2b in Platinum season. However the converse occurs in Gold. Why would that be?
Economically, it appears to be an incentive to purchase Gold 3b/3b based on cost per point value decline. Am I missing something? All are annual usage so it is apples to apples.

Is 3b/3b more difficult to secure/reserve/exchange? Is Gold a weak season in Orlando? What about exchanges with RCI or SFX?

Not sure I get it.
Click to expand...

No, a 3b/3b is not more difficult to secure/reserve/exchange. No, I won't say Gold is a weak season. It's just not peak season. Take a look at the online member guide to see which weeks are assigned to each season. HGVC Seasons varies by location. Here's a link to the online member guide - http://www.hgvc.com/mg


The difference is the annual Maintenance Fees (MFs).

The Cost per point from an annual Maintenace Fee perspective. It cost more per point annually in maintenance fees for Gold 3b/3b compared to the others you have listed.

HGVC Points are based on unit size and season.
two bedroom silver is 3500 HGVC points
three bedroom silver is 4100 HGVC points
two bedroom gold is 5000 HGVC points
three bedroom gold is 5800 HGVC points
two bed platinum is 7000 HGVC points
three bed platinum is 8400 HGVC points

In general, HGVC maintenance fee is based on unit size. So bronze, silver, gold and platinum two bedroom owners pay the same maintenance fee.

For Seaworld, there is an additional difference...There are two budgets at SeaWorld. One for Orlando Vacation Suites I (for phases 1 and 2) and the other for Orlando Vacation Suite II (for phases 3 & 4). "OSV I" MF is the same regardless of unit size however their Real Estate taxes differs by season and unit size. "OSV II" MF is based on unit size. Don't know for a fact but I also believe the Real Estate taxes differs by season and unit size for OSV II.

For example,
2010 MF for 3BR Platinum Seaworld OVS II (8400 points) Total (w/o club dues): $1179.90
2010 MF for 2BR Gold Seaworld OVS II (5000 points) Total (w/o club dues): $843.54

If we keep the comparison simple and ignore the Real Estate Tax difference for Seaworld and just compare using the MFs quote above, we get the following (using MF divided by the # of annual points)
3 bedroom platinum is .14 per point
3 bedroom gold is .20 per point
3 bedroom silver is .29 per point
2 bedroom platinum is .12 per point
2 bedroom gold is .17 per point
2 bedroom silver is .24 per point

In the example above the Gold 3b/3b just cost more per point on an annual MF basis however it's not as bad as silver and bronze seasons
 
Last edited:
alwysonvac said:
No, a 3b/3b is not more difficult to secure/reserve/exchange. No, I won't say Gold is a weak season. It's just not peak season. Take a look at the online member guide to see which weeks are assigned to each season. HGVC Seasons varies by location. Here's a link to the online member guide - http://www.hgvc.com/mg


The difference is the annual Maintenance Fees (MFs).

The Cost per point from an annual Maintenace Fee perspective. It cost more per point annually in maintenance fees for Gold 3b/3b compared to the others you have listed.

HGVC Points are based on unit size and season.
two bedroom silver is 3500 HGVC points
three bedroom silver is 4100 HGVC points
two bedroom gold is 5000 HGVC points
three bedroom gold is 5800 HGVC points
two bed platinum is 7000 HGVC points
three bed platinum is 8400 HGVC points

In general, HGVC maintenance fee is based on unit size. So bronze, silver, gold and platinum two bedroom owners pay the same maintenance fee.

For Seaworld, there is an additional difference...There are two budgets at SeaWorld. One for Orlando Vacation Suites I (for phases 1 and 2) and the other for Orlando Vacation Suite II (for phases 3 & 4). "OSV I" MF is the same regardless of unit size however their Real Estate taxes differs by season and unit size. "OSV II" MF is based on unit size. Don't know for a fact but I also believe the Real Estate taxes differs by season and unit size for OSV II.

For example,
2010 MF for 3BR Platinum Seaworld OVS II (8400 points) Total (w/o club dues): $1179.90
2010 MF for 2BR Gold Seaworld OVS II (5000 points) Total (w/o club dues): $843.54

If we keep the comparison simple and ignore the Real Estate Tax difference for Seaworld and just compare using the MFs quote above, we get the following (using MF divided by the # of annual points)
3 bedroom platinum is .14 per point
3 bedroom gold is .20 per point
3 bedroom silver is .29 per point
2 bedroom platinum is .12 per point
2 bedroom gold is .17 per point
2 bedroom silver is .24 per point

In the example above the Gold 3b/3b just cost more per point on an annual MF basis however it's not as bad as silver and bronze seasons
Click to expand...


So for total cost comparison should I add the MF cost per point and the initial outlay. For example the 3b/3b GOLD would be .71 (from my OP) + the .20 MF total = .91 vs 3b/3b PLATINUM would be 1.39 + .14 total being 1.53. The difference is .62/point which payoffs in increased flexibility. So one must answer how much is this flexibility worth.

Is that it?
 
I'm not sure what you are asking??

Are you saying that a Gold 2 bd at seaworld (SW) (worth 5000 pts) cost $4500 to buy ($0.90/pt) BUT a 3 bd gold at SW (worth 5800 pts) can be bought for about the same $4500 ($0.80 pt)? Because you can't buy pts in HGVC, you can only buy a size and season.

If this is what you're asking, the difference is that maybe you just found a deal for the 3 bd unit. Most all of the time the 3 bd units, no matter what season, cost more than a 2 bd unit the same season.


Don't allow a single cheap 3 bd sale/offer make you think that all the 3 bd units will sell for less than a 2 bd unit. This just isn't true.
 
Last edited:
msbrinkley said:
So for total cost comparison should I add the MF cost per point and the initial outlay. For example the 3b/3b GOLD would be .71 (from my OP) + the .20 MF total = .91 vs 3b/3b PLATINUM would be 1.39 + .14 total being 1.53. The difference is .62/point which payoffs in increased flexibility. So one must answer how much is this flexibility worth.

Is that it?
Click to expand...

If I'm understanding you correctly, then no. The purchase price is a one time cost, the mf's are an annual cost. So, using your figures, the .06/point difference in mf's is an annual thing, and over time, will more than offset the .48/point difference in purchase price.
 
The way I would compare different units in different resorts is multiply the annual MF's by an estimated term of ownership, like 10 or 20 years, and add that number to the cost to buy, and only then divide by the # of points, to get the "true" cost of ownership. [YMMV]
 
Last edited:
msbrinkley said:
So for total cost comparison should I add the MF cost per point and the initial outlay. For example the 3b/3b GOLD would be .71 (from my OP) + the .20 MF total = .91 vs 3b/3b PLATINUM would be 1.39 + .14 total being 1.53. The difference is .62/point which payoffs in increased flexibility. So one must answer how much is this flexibility worth.

Is that it?
Click to expand...

no, you don't want to add the two numbers. I was just trying to show you how MFs compare to each other and how it impacts the purchase prices you're seeing.


If you're trying to decide which to buy, first figure out how many points do you think you'll need?

Do you plan to use your points strictly for resorts within the club? What size unit would you generally book? Do you regularly travel during platinum season vs gold season? Do you plan to stay at the higher level point resorts (NYC, Kingsland & Grand Waikikian)?

For example, if you normally travel when the kids are out of school and will always need a two bedroom during your HGVC stays, then you would want at least 7,000 HGVC points (two bedroom platinum season).

Once you know how many points you'll need then you have two things to consider the one time initial purchase price vs the ongoing annual maintenance fee (which will increase each year). As I pointed out above, the two bedroom platinum season has the best value but it comes at a higher price. Some folks like to go with something in the middle which is the two bedroom gold which still provides a good value but it really depends on how many points you need.

JMHO, I won't suggest buying the 3 bedroom gold (5,800 pts) since you would pay MF for a three bedroom which is only 800 points more than a two bedroom gold (5,000 pts). I suggest choosing from any of the platinum seasons (one bedroom 4800 points, two bedroom 7000 points or three bedroom 8400 points) or the two bedroom gold 5000 points. They provide the best value.
 
Thanks for the feedback. You each have given me excellent data points to consider. I was missing the point. Better to get what you need, in a great season.
 
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