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current year club dues for new resale owner

Discussion in 'Hilton Grand Vacations Club / HGVC' started by David Yuan, Jul 9, 2019.

  1. David Yuan

    David Yuan TUG Member

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    Dear all, (sorry if this has been asked before, quick search didn't see much)

    I just bought a 7000 pts Elara resale, and I got a bill for 2019 club dues ($176) and a club activation fee ($609). I was fully aware of the $609 I have to pay, but it seems weird I'd need to pay the 2019 club dues when my points are in 2020.

    Please advise.

    Thanks.
     
  2. Anthony Schmid

    Anthony Schmid TUG Member

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    Because you can still use your 2020 points for a 2019 reservation. It's called borrowing and there is no additional charge for borrowing. Just the reservation fee

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  3. dayooper

    dayooper TUG Member

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    Yup, they bill you this years club dues. Theoretically, you could borrow all of next years points this year so they want to make sure you are a club member. You can look at it this way; it’s the only time you have to do it.

    I got lucky. I created my account in October of last year. They billed the 2019 dues before they billed the activation fee. Since the bill was set, they didn’t bill me for 2018.
     
  4. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    ... and you could book open season as well.

    Even if you have an EOY you must play club dues every year.
     
  5. CPNY

    CPNY TUG Member

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    Have no clue about HGVC. Had a friend buy from developer and made her rescind as soon as I found out. Anyway, she likes HGVC and I had some resale questions. I don’t want to give her wrong info. Are there any restrictions with buying resale? Some Vistana properties and DVC have restrictions on resale. Was wondering if there restrictions with HGVC so I can direct her to buy resale

    Thanks
     
  6. brp

    brp TUG Member

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  7. CPNY

    CPNY TUG Member

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    Thanks. Her husband has elite status with the hotel prob don’t care about elite status on the TS side.
     
  8. Anthony Schmid

    Anthony Schmid TUG Member

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  9. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    Timeshare Elite status is completely separate from Hotel Elite Status. They are NOT the same thing.
     
  10. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    As you read, resale owners get eggsactly the same perks and benefits as retail owners, except only:
    (1) it won't count for HGVC elite status which starts at 14K (no great loss); and
    (b) resale only buyers don't get invited to "owner's updates" (sales sessions).
    -- Boo Hoo. Back when we did, I went to one & swore never again. --

    I own two HGVC TS's resale, and like their quality, flexibility & quality of service.

    .
     
  11. PigsDad

    PigsDad TUG Member

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    And of course, there are exceptions to both points, but that is a topic beyond the scope of this HGVC 101 class...

    Kurt
     
  12. tschwa2

    tschwa2 Tug Review Crew: Rookie TUG Member

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    and you get an rci account this year rather than waiting until next year.
    They do kind of double dip for those who transfer in the middle of the year. They charge the original owners and the buyers both for the same year instead of transferring that to the new owner but that is the way it is..
     
  13. GT75

    GT75 Moderator

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    I never thought about that but you are correct. Well, just like many other businesses such as airlines, TS systems certainly do like their fees.
     
  14. David Yuan

    David Yuan TUG Member

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    Thanks all! I didn't know I could borrow points already, that's awesome.
    I went ahead and paid it...
     
  15. Sandy VDH

    Sandy VDH TUG Review Crew: Elite TUG Member

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    In HGVC system, it is ALWAYS better to be in a borrow position than a save position. It costs NOTHING to borrow, but you have to pay $$ to save points expiring, and you only get 1 additional year to use those saved points up.

    So be a borrower in HGVC, not a saver.
     
  16. dayooper

    dayooper TUG Member

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    My wife is freaked out about borrowing. It might work in my favor as I’m trying to convince her we need more points!
     
  17. Anthony Schmid

    Anthony Schmid TUG Member

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    More points and more cow bell!!!!

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  18. Tamaradarann

    Tamaradarann TUG Review Crew: Veteran TUG Member

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    I am sure you got a very good price on the resale purchase in 2019 with points that won't be available until 2020. We are contemplating selling some of our timeshares since we now have too many points with our place to stay in Waikiki. So I guess when we are ready to sell it is OK for us to put some timeshares on the market with points for the next year.
     
  19. WahooWah

    WahooWah Guest

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    Is there a Club Activation fee if you buy from the developer? If so, how much is it? I was told it was about $370. If that is true, why would there be a different Club activation fee amount between developer and resale?

    Perhaps this owner is talking about some other kind of fee at the time of purchase from Hilton?
     
  20. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    ACTIVATION FEES:
    [For HGVC Resorts]
    Purchased through HRC or its Affiliates - $377
    Ownership Change Fee - $409

    [For Affiliate Resorts]
    Activation Fee Voluntary - $399
    [Ownership Change Fee - Up to Resort (may be -0-)]
    Affiliate owner changes are outside of HGVC's purview.
    .
     
  21. Vee Ts

    Vee Ts Guest

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    So if you buy HGVC toward the end of the year you can avoid the Cub Fee? If so, what month would you want to wait until to purchase HGVC Resale for the first time?
     
  22. Talent312

    Talent312 Tug Review Crew: Rookie TUG Member

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    The post you quoted indicates that October is safe, and possibly September.
    But 'member, its when the docs finally get submitted to HGVC, not when you buy.
    The process of closing a deal may take 2-3 months.
     
  23. dayooper

    dayooper TUG Member

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    We made our offer in the beginning of June and it didn’t close until late September. It took a couple weeks for HGVC to get it into the system.

    I wouldn’t worry about the extra fee. If you find the right deal, take it and don’t worry about the extra fee. In the long run, it really doesn’t make that big of difference.
     
    GT75 likes this.

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