LondonAndy
newbie
As my user name suggests, I'm London based but visit New York twice a year or so.
I had a preview at W57th Street earlier this year and wasn't sure whether to laugh or choke when they said they wanted $75K for 7,000 points. However, they said come back and try the Hilton Club.
They offered 7,000 points for $20K, with 20,000 bonus points. I did my sums and reckon that 20,000 points equates to 4 weeks in NYC which, at c. $300 per night, means a "value" of $8,400.
The gold cards also have some value to me too - I've received an upgrade worth c. £50 per night in each of the Hiltons I've stayed in recently. Even at 4 nights a year this is £200 or £4,000/$6,000 over the 20 years left.
That means that the true cost of the timeshare is $5,600 - cheaper than the resale market.
I've still got time to cancel, and had considered resale, but with this deal is it not worth purchasing directly from Hilton? My heart says don't buy from Hilton but my head says it seems like an OK deal. Am I missing something?
I had a preview at W57th Street earlier this year and wasn't sure whether to laugh or choke when they said they wanted $75K for 7,000 points. However, they said come back and try the Hilton Club.
They offered 7,000 points for $20K, with 20,000 bonus points. I did my sums and reckon that 20,000 points equates to 4 weeks in NYC which, at c. $300 per night, means a "value" of $8,400.
The gold cards also have some value to me too - I've received an upgrade worth c. £50 per night in each of the Hiltons I've stayed in recently. Even at 4 nights a year this is £200 or £4,000/$6,000 over the 20 years left.
That means that the true cost of the timeshare is $5,600 - cheaper than the resale market.
I've still got time to cancel, and had considered resale, but with this deal is it not worth purchasing directly from Hilton? My heart says don't buy from Hilton but my head says it seems like an OK deal. Am I missing something?