11200 HGVC points - EOY - Elara -- $1000 + closing costs. Good deal?

[skepticalone]

Same broker as https://tugbbs.com/forums/threads/h...lara-for-4500-closing-costs-good-deal.366497/ reached out to me again, this time with a Platinum 11200 HGVC points EOY at the Elara for $1000 plus $2312 closing costs. I countered at $1000 plus seller pays closing costs, which was denied.

MFs for this EOY show as $1000. Is this paid every other year as well? I don't trust this broker as they have been extremely rude over the phone and think it's okay to call me unannounced, or charge me $699 for the deed recording if this deal goes through.

Still, is this a good deal?

 

[ernststarhemberg]

Good sales price and $1000 EOY for 11,200 points is a great MF ratio. Is that a Platinum 2BR?

 

[skepticalone]

Good sales price and $1000 EOY for 11,200 points is a great MF ratio. Is that a Platinum 2BR?

1 bed platinum, Unit 1915 week 19 to be precise.

 

[WaikikiFirst]

So many "deals". I forget which is which, but isn't this the EOY version of the one that would have cost about $5 K all-in ($4K + $1K) closing?
If so, I'd say you have to buy 2 of these to get what an EVERY YR would give you. (even worse, you'll pay the $695 activation for this & would have to pay 2 of those if you bought 2 x EOY) THis costs $3300, so buying 2 costs $6600, so it is $1600 worse than the every yr was. Bad. Then $695 activation issue for ONLY 5600 PTS/YR. Worse.
What will you do with 5600 Pts/Yr?
The $2300 closing + HGV's fees kill it when it is only 5600 Pts/Yr. Am I missing something? buying 2 costs $6600 + 2xActivation

 

[skepticalone]

So many "deals". I forget which is which, but isn't this the EOY version of the one that would have cost about $5 K all-in ($4K + $1K) closing?
If so, I'd say you have to buy 2 of these 2 get what an EVERY YR would give you. (even worse, you'll pay the $695 activation for this & would have to pay 2 of those if you bought 2 x EOY) THis costs $3300, so buying 2 costs $6600, so it is $1600 worse than the every yr was plus the $695 activation issue for ONLY 5600 PTS/YR.
What will you do with 5600 Pts/Yr?
The $2300 closing + HGV's fees kill it when it is only 5600 Pts/Yr. Am I missing something? buying 2 costs $6600

I don't understand what you mean with "buying two". I'm only interested on an yearly one of 11200 points at the Elara. Still, resale TS brokers think they can reach out to you for "deals", and then pretend to be offended when it's not what you want. I think I'll just stick to the free timeshares section from now on in hopes one of these deals makes it there lol

 

[WaikikiFirst]

I'm only interested on an yearly one of 11200 points

But you're not quoting a YEARLY one. You're quoting a EOY. So, you need 2 of them to get 11,200 pts/yr
If it were 22000 pts EOY, then you'd have 11,000 pts/yr & the $2300 closing + HGV's fees wouldn't be so bad.

 

[skepticalone]

On the EOY ones, can you still borrow points from 2 years in advance free of charge? Are the MFs quoted EOY too?

 

[GT75]

On the EOY ones, can you still borrow points from 2 years in advance free of charge?

Nnnnnnnooooooooooooooo

 

[dayooper]

On the EOY ones, can you still borrow points from 2 years in advance free of charge?

On any Legacy HGVC, you can only borrow the next years points for club bookings. The 2 year borrowing comes in when you book through RCI.

Example: I can use 2026 points for a 2025 reservation, but not a 2024 one. The only way you can combine years points is if you saved points into the next year (the year you don’t get points) and than borrow from the following year.

You save 2024 points into 2025 and than borrow from 2026 for a 2025 reservation.

Are the MFs quoted EOY too?

You don’t pay MF’s on the off year, but you still pay the club dues. EoY deeds are great if you are already In the system but but have increased costs if it’s your first deeds.

 

[skepticalone]

On any Legacy HGVC, you can only borrow the next years points for club bookings. The 2 year borrowing comes in when you book through RCI.

Example: I can use 2026 points for a 2025 reservation, but not a 2024 one. The only way you can combine years points is if you saved points into the next year (the year you don’t get points) and than borrow from the following year.

You save 2024 points into 2025 and than borrow from 2026 for a 2025 reservation.


You don’t pay MF’s on the off year, but you still pay the club dues. EoY deeds are great if you are already In the system but but have increased costs if it’s your first deeds.

Thank you for this. Very insightful.

Are last minute/cash deals of value when you get access to HGVC? One of the presentation's first perk they talk about is being able to get last minute week's at $199.

 

[GT75]

Are last minute/cash deals of value when you get access to HGVC? One of the presentation's first perk they talk about is being able to get last minute week's at $199.

salesperson lips were moving on that one. You can book OS (Open Season) {just like retail owners} but it won't be anywhere near that price.

 

[skepticalone]

salesperson lips were moving on that one. You can book OS (Open Season) {just like retail owners} but it won't be anywhere near that price.

Are you saying you don't see a single week on the entire network at $199 on the open season?

 

[GT75]

Here are the pts requirements and OS rates for HGVC

 

[skepticalone]

Here are the pts requirements and OS rates for HGVC

What about through RCI? $199/week? I can't believe they'd lie like that

 

[GT75]

What about through RCI? $199/week?

Not sure, maybe someone else can help because I have never used RCI. I know that the 1 week RCI booking exchange is $299 plus required weeks pts. RCI required pts is less than HGVC so it will depend if this is a good deal (sometimes yes and sometimes no). I don't know what is the going deal with RCI last calls.

 

[escanoe]

What about through RCI? $199/week? I can't believe they'd lie like that

If you want to be generous to the salesweasel -- it can be explained that there has been some inflation in RCI Last Call since they did their training.

These weeks are now $339 on RCI Last Call.

By the way, anyone with resale or a cheaper timeshare with RCI access has the same access to these.

 

[skepticalone]

If you want to be generous to the salesweasel -- it can be explained that there has been some inflation in RCI Last Call since they did their training.

These weeks are now $339 on RCI Last Call.

By the way, anyone with resale or a cheaper timeshare with RCI access has the same access to these.

Where are these $339 weeks at? Hotels, resorts? No extra points needed? $339 is not bad, but I really thought it would be $199 or less lol

 

[escanoe]

Where are these $339 weeks at? Hotels, resorts? No extra points needed? $339 is not bad, but I really thought it would be $199 or less lol

Go to the main home page on HGVC after you log in. Click to go to the RCI Portal.

There are different ways to navigate, but look at the selector I have circled below, and change it to Last Call.

1BRs are $339, 2BRs are $379.

These are the last of the leftovers and last minute cancellations from RCI timeshare resorts. Don't expect anything in close to prime season, and be prepared to pay resort fees.

 

[skepticalone]

Thanks for this. I don't own a timeshare and all this is making me rethink if I'd even take one for free lol

 

[GT75]

Thanks for this. I don't own a timeshare and all this is making me rethink if I'd even take one for free lol

I personally wouldn't buy a TS based on what I call "side benefits". That is because the "side benefit" can always change or be eliminated. I would evaluate it on the main benefit. If the main benefit doesn't work, then don't purchase. That is OK. There are others options out there such as renting TS, hotels, Airbnb, VRBO etc.

 

[skepticalone]

When HGVC increased nightly rates, but also increased all owners' point balance accordingly, did that have negative consequences for owners in general?

 

[GT75]

When HGVC increased nightly rates,

This certainly did because those were great OS night rates. This change happened around 2014/2015.

 

[GT75]

but also increased all owners' point balance accordingl

No impact if you are referring to 1.6x increase about 2 years ago to align point requirements of HGVC with HVC.

 

[dayooper]

Thanks for this. I don't own a timeshare and all this is making me rethink if I'd even take one for free lol

You have to be able to use it for the HGVC points to make it worth while. If you can make plans about 8 months in advance and enjoy the locations, HGVC is a great system. We have enjoyed our ownership greatly.

 

[skepticalone]

You have to be able to use it for the HGVC points to make it worth while. If you can make plans about 8 months in advance and enjoy the locations, HGVC is a great system. We have enjoyed our ownership greatly.

That would be my plan. Looking for a TS that offers low MFs like the Elara and then would have access to the entire network with the points. I'm just skeptical at spending $5-$7K on this given the type of asset that it is

Those $69 booking fees are a bit annoying, given that you own the points