5,800 HGVC Points

[Anw015]

I am looking at a purchase for 5,800 HGVC Points Biennial odd but MF are $1,264.72, its at the Seaworld location in Orlando. Is this a good buy?

 

[RX8]

What are you paying for it?

 

[Anw015]

What are you paying for it?

$1 is what they are asking, I assume they just want out

 

[brp]

The buy-in is certainly good. But the MF/point ratio ($0.21) is on the high side.

Cheers.

 

[dayooper]

One of the things I always think of is how easy would it be to sell or give away the unit. Timeshares are easy to acquire, but many are not easy to get rid of. Would you be able to get rid of this if you had to? I’m not so sure if it is.

 

[CalGalTraveler]

IMO this is not a good deal. It is EOY so you will have an additional club fee every year which adds to the cost so add $186 to $1265 = $1451 EOY then divide by the points = .25 mf/pt which makes the deal even worse. Besides 5800 points EOY = 2,600 per year.

Do you plan to only stay at this property EOY during home week? or go elsewhere with points? If points elsewhere then that's not enough points and you will be frustrated with a high MF for a limited number of rooms that would be available to this few points.

If you plan to always stay here, I'll bet you could rent this room for a week or equivalent in Orlando for less than $1451/week and avoid the MF commitment.

That's why they are giving it away.

 

[Anw015]

The buy-in is certainly good. But the MF/point ratio ($0.21) is on the high side.

Cheers.

What is an acceptable MF ratio you think?

Plus it is EOY so you will have an additional club fee every year which adds to the cost so add $186 to $1265 = $1451 EOY then divide by the points = .25 mf/pt which makes the deal even worse. Besides 5800 points EOY = 2,600 per year.

Do you plan to only stay at this property EOY during home week? or go elsewhere with points? If points elsewhere then that's not enough points and you will be frustrated with a high MF for a limited number of rooms that would be available to this few points.

If you plan to always stay here, I'll bet you could rent this room for a week or equivalent in Orlando for less than $1451/week and avoid the MF commitment.

That's why they are giving it away. IMO this is not a good deal.

OHhhhhh I see what your saying. I think I was looking at saving on MF but in reality it will not allow the travel I desire going EOY

 

[CalGalTraveler]

What is an acceptable MF ratio you think?

.

I recommend that you spend some time reading TUG and the HGVC stickies to research. There is a spreadsheet which shows good values but that's not all you need to evaluate. After you research you could fill out a "What should I buy questionnaire" and TUGgers can help if there is something that fits your travel situation and budget.

 

[CalGalTraveler]

Here are some questions you can answer to focus your timeshare wants/needs.

Suggestion - copy the questions below, and start a new thread entitled "My Survey" or "What should I buy?," or something similar, and answer the questions in a NEW thread.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?

3) What are your 5 top trade destinations?

4) How many people do you usually travel with - total, including yourself?

5) Can you travel any time, or are you locked into the school schedule?

6) Can you make firm plans 12 or more mos. in advance?

7) Can you vacation for a full week at a time?

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?

 

[HudsHut]

Did the contract interest you because it was Hilton or because it was $1? What HGVC resorts would you likely travel to?

 

[Anw015]

Here are some questions you can answer to focus your timeshare wants/needs.

Suggestion - copy the questions below, and start a new thread entitled "My Survey" or "What should I buy?," or something similar, and answer the questions in a NEW thread.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?

3) What are your 5 top trade destinations?

4) How many people do you usually travel with - total, including yourself?

5) Can you travel any time, or are you locked into the school schedule?

6) Can you make firm plans 12 or more mos. in advance?

7) Can you vacation for a full week at a time?

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?

Thanks so much I’ll make the thread soon!

Did the contract interest you because it was Hilton or because it was $1? What HGVC resorts would you likely travel to?

It was more so the points with Hilton. I just say a $1 and wondered why it was so cheap but I understand now. I’ve only been to three but I like to go new places so I can’t say exact which one but it’s between Mexico or Orlando

 

[RX8]

Never mind

 

[CalGalTraveler]

BTW Q7 on the questionnaire does not apply to HGVC because you can apply points and are not required to stay an entire week as with other systems.

The $699 mandatory upfront closing fee enrolls your timeshare in the points system for the life of your ownership.