Biannual/Triennial points?

[noreenkate]

Hello,

I have been looking at the HGVC points in the bargain posts and on Redweek, ( after reading the forums here I don't quite trust eBay sellers ) I have a few questions-

specifically the EOYO use (lol DVC is my only timeshare experience and there is no such animal as EOY)
- Are points banked into the next year or next use year?

-How are the dues paid every year or pay annually?

-Would I be paying the same price as annual contract meaning dues for a 3 bedroom biannually listed as $1,086.68 annually even though I cannot use it EOYE?

Thanks in advance...

 

[JohnPaul]

If you have even year points then they are allotted to 2020, 2022, 2024, etc. However you can borrow and bank/rescue like any other points.

You will have the full amount of the annual maintenance fee due at January 1 of the assigned years (i.e. January 1, 2020) You would not pay maintenance fees in the odd years. However, you do have to pay the club fee every year.

Hope that helps. I had an EOY but didn't keep it long.

 

[Sandy VDH]

You must also pay Annual HGVC Club Membership Dues EVERY year, not just in the years your MF are due.

 

[Passepartout]

OP, You might edit the thread title too. 'Biannual' means twice a year, while 'triennial' would be one use every three years. Quite a difference.

Jim

 

[noreenkate]

If you have even year points then they are allotted to 2020, 2022, 2024, etc. However you can borrow and bank/rescue like any other points.

You will have the full amount of the annual maintenance fee due at January 1 of the assigned years (i.e. January 1, 2020) You would not pay maintenance fees in the odd years. However, you do have to pay the club fee every year.

Hope that helps. I had an EOY but didn't keep it long.

That’s exactly what I need to know thank you. Can I ask why you gave it up? Curious as that’s the way i am planning to go hoping to start banking DVC points and stop borrowing lol.

You must also pay Annual HGVC Club Membership Dues EVERY year, not just in the years your MF are due.

Those do appear to be nominal.

OP, You might edit the thread title too. 'Biannual' means twice a year, while 'triennial' would be one use every three years. Quite a difference.Jim

thanks for commenting i didn’t realize it was unclear. I was also curious how the triennial work also, from what I have been looking at it does seem that some of the older Elara contracts are indeed triennial or at least that’s how they are listed. Lol still trying to understand how you can tell it’s actually HGVC vs westgate in some of the listing.

You are very right it is a substantial difference and I am leaning towards biannual, would love to bank our DVC for longer stas , hypothetically lets say even years, and use HGVC points in the odd years.

 

[1Kflyerguy]

thanks for commenting i didn’t realize it was unclear. I was also curious how the triennial work also, from what I have been looking at it does seem that some of the older Elara contracts are indeed triennial or at least that’s how they are listed. Lol still trying to understand how you can tell it’s actually HGVC vs westgate in some of the listing.

You are very right it is a substantial difference and I am leaning towards biannual, would love to bank our DVC for longer stas , hypothetically lets say even years, and use HGVC points in the odd years.

I am not aware of HGVC have any triennial units in their system. I believe they only offer annual or every other year units. The every other year units come in odd or even year usage.

 

[alwysonvac]

..Lol still trying to understand how you can tell it’s actually HGVC vs westgate in some of the listing...

How can you tell?
(1) Deeded HGVC week are assigned HGVC Clubpoints either annually or every other year. Westgate owners will not have HGVC Clubpoints since their weeks are not part of HGVC.
(2) Make sure you get a copy of the HGVC Estoppel letter during your closing to confirm HGVC Club Membership and Clubpoints. (See example below)

From http://tugbbs.com/forums/index.php?...he-estoppel-but-not-available-for-use.257985/

 

[dayooper]

This post from a different thread has an example of both a Westgate estoppel and an HGVC (the HGVC example is on the next page of the thread). Notice that it says 90 where the current year points are. It also say the resort is Planet Hollywood while HGVC one will say Elara.

https://tugbbs.com/forums/index.php?threads/hgvc-resell.282686/page-2#post-2220494

 

[alwysonvac]

One more tip...
The HGVC point charts for each HGVC resort is located on the member website.

Here the link to the Elara resort page on the HGVC member website.
https://club.hiltongrandvacations.com/en/resort/nevada/elara-a-hilton-grand-vacations-club/. (Just scroll down past the accommodation description section and select “Point Chart”).

 

[Smj054]

This post from a different thread has an example of both a Westgate estoppel and an HGVC (the HGVC example is on the next page of the thread). Notice that it says 90 where the current year points are. It also say the resort is Planet Hollywood while HGVC one will say Elara.

https://tugbbs.com/forums/index.php?threads/hgvc-resell.282686/page-2#post-2220494

How can you tell?
(1) Deeded HGVC week are assigned HGVC Clubpoints either annually or every other year. Westgate owners will not have HGVC Clubpoints since their weeks are not part of HGVC.
(2) Make sure you get a copy of the HGVC Estoppel letter during your closing to confirm HGVC Club Membership and Clubpoints. (See example below)

From http://tugbbs.com/forums/index.php?...he-estoppel-but-not-available-for-use.257985/

It states there is a club activation fee per each interval purchased. If you are a current owner, is this fee waived? I thought I have seen it posted if you are a current owner, to disregard.

 

[frank808]

It states there is a club activation fee per each interval purchased. If you are a current owner, is this fee waived? I thought I have seen it posted if you are a current owner, to disregard.

Activation fee is for each week purchased. If you are already an HGVC member, you do not have to pay the club fee.

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[escanoe]

I think most people would rather have annual points than EOY, but I recently got what I consider an EOY bargain on eBay that I think was a smart purchase. (It is always buyer beware, and a real need to know your stuff and use caution when you buy on eBay.)

EOY contracts can be a cheaper way to amass points because they seem to sell for less than half of annual contracts. Some also indicate ROFR is less likely to be exercised by HGVC on EOY purchases. On the other hand, the fees associated with an EOY purchase are exactly the same that one would pay for annual contracts.

On my purchase, the EOY price was low enough I feel I got a great deal on points. I also recognize that I expect it to have less value when I exit than the similar vale of points in an annual contract. If I was buying from a developer (for my purposes) I would avoid EOY and think it is a gimmick to make a sale. On the resale market, they are fine to buy if the math checks out relative to an annual contract.

Question to others: If you have an even EOY contract and odd then buy an odd (or vice versa) on the resale market, can you convert to an annual contract at the time you are making the second purchase?

 

[dayooper]

It states there is a club activation fee per each interval purchased. If you are a current owner, is this fee waived? I thought I have seen it posted if you are a current owner, to disregard.

As @frank808 says above, you pay the transfer and activation fees per interval bought. As long as the names on each of the deeds exactly the same, you only pay 1 club fee. Last year, HGVC charged $998 to transfer a unit to you.

 

[SmithOp]

Question to others: If you have an even EOY contract and odd then buy an odd (or vice versa) on the resale market, can you convert to an annual contract at the time you are making the second purchase?

You can’t convert two of the same kind to an annual. HGVC points are backed up by deeds, so somebody owns the other eoy deeds.

HGVC may let you convert an even and an odd to a single annual but its probably not worth the fees they would charge you.

It would not stop you from taking annual vacations, in the year you own, make a home season booking, in the other year just borrow points and make a club season booking.



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