Bought the Hawaii Collection and Wondering if I Should Rescind?

[westcoasttraveler]

Hi,

I've read through other posts but I can't decide if I got a bad deal or not. I just bought into the Hawaii Collection which I believe is Diamond / HVC. The total purchase price is $20k for 8500 points every other year and annual maintenance fees of $1350. The also gave 40,000 bonus HVC points which has some expiration window but the salesman said I could circumvent that with some exchanging and to make sure all those 40k points are used. Should I rescind?

If I should rescind, any advice on what I should purchase? We are a young family so looking for 7day long stays in a 1BDR and we have pretty flexible schedules. That's why I liked the DEX portal the salesman showed and that I could look at discounted stays. He mentioned that Cabo is regularly discounted and we loved Cabo Azul when we stayed there so we would get a ton of use out of that. We're in LA so booking the discounted stays on shorter notice would be great. From what I know, I can buy any HVC resale to get DEX? Is it really just about the ratio of MF/$ if I don't plan on using the home week or 10-13 month booking window? Sounds like Elara is good for this?

Thanks in advance!

 

[kanerf]

You can purchase 8500 points annually as a resale for a few thousand or less. I purchased 11500 recently on ebay for $570.

 

[geist1223]

The problem with buying DRI/HVC resell is that you can only Book into your Home Collection. So if you buy Hawaiian Collection resell you can only Book Hawaiian Collection. So no Cabo Azul.

 

[CalGalTraveler]

@westcoasttraveler Rescind now before the 5 day deadline and are stuck forever with this $20k albatross. You can always go back and get that "deal" if you research and still want it. This will be worth nothing the day after your rescission period ends and you will have to pay someone to get rid of it or pay HGV thousands in future maintenance fees and deedback fees to take it back after you spent $20k + transaction fees. Run away.

HGVC/HGV are wonderful systems. There are more cost effective ways to book Cabo Azul and Elara at a fraction of your $20k cost with resale. You could rent. Pick up these points for free at resale for the collection you desire. Or pick up a resale DRI/HVC deed to trade in DEX. After you rescind, come back to TUG and we can assist.

 

[WaikikiFirst]

read through other posts but I can't decide

but your story is the same one that 6 other people posted in the last 4 months and all 6 of those were told to rescind. Can't decide? It is simply the hangover from actually believing what salesppl say

bought into the Hawaii Collection ... we loved Cabo Azul when we stayed there so we would get a ton of use out of that.

Not with that $20K you can't. That has been explained in those other posts. Cabo is not in Hawaii Collection. It is its own thing. You can use DEX to get Cabo, but is a membership to DEX worth $20K???? To answer that, find the recent thread entitled something like "Timeshares Bought From Salesppl Depreciate Worse Than Almost Anything Else You Can Possibly Imagine". Ignore that the word "depreciate" is mis-used, then internalize that statement

 

[WaikikiFirst]

8500 points every other year and annual maintenance fees of $1350

not that it REALLY matters, but doesn't that $1350 seem low? anybody?

 

[GT75]

MFs for HVC EOY are paid 1/2 every year.

 

[rickandcindy23]

MFs for HVC EOY are paid 1/2 every year.

$2,700 seems very high, then. Your decision should be clear. Rescind, research, resale! Ask owners here what to buy, and if you want Cabo Azul, sounds like others can advise you better than a salesperson.

The salespeople don't care about you, while they drive their sports cars off of the lot, believe me. They are only out for their pocketbooks, not yours. They will say anything to make a sale. It's downright evil.

 

[WaikikiFirst]

MFs for HVC EOY are paid 1/2 every yea

Right. I thought about that. I should have added that if you do it that way, the MF seems mush too high. IT is $0.16/pt one-way and $0.32/ the other way. Both seem off in opposite directions. It "should be" right in the middle of those two. I must be missing something. need another cup of coffee or more sleep

 

[WaikikiFirst]

$2,700 seems very high, then.

right? I'm not using the $2700, but I can't get it to work. Woe is me.

 

[GT75]

@westcoasttraveler, I agree with the advice already given to rescind immediately and then research. Personally, I wouldn’t recommend purchasing HVC either retail of resale. Resale HVC trust don’t have access to DeX (as I understand it) and you are limited to only your trust collection. I would take your time researching after rescinding but I like HGVC system. You could buy a Craigendarroch Lodge unit (1 or 2 BR) and enroll the unit in HGVC system (have complete access to HGVC system) and enrolling the unit in DEX (have access to DEX with DeX Xtra Vacations). You could also buy a HVC Sedona Summit (other HVC deeded units also have access to DEX but I would verify that because I don’t own HVC) deeded unit and get access to DEX. I like the HGVC Craig option better.

Note: I do own a HGVC Craig 3BR Lodge and am trading that unit via DEX. Now, I wouldn’t recommend purchasing your first TS for only to use it as a trader. That is a side benefit which can easily go away…

 

[GT75]

@WaikikiFirst, yes, I am wondering the same thing because we both are not in HVC system, I am wonder if the MFs quoted include club dues. Someone from HVC will need to verify.

 

[TUGBrian]

grats on finding TUG in time to discover this is a terrible deal for you...and saving 20k!

 

[WaikikiFirst]

wonder if the MFs quoted include club dues.

I'd bet that is it. Thanks. Other people have quoted their new buys that way. Phewww. I hope that is it.

 

[rickandcindy23]

I am not a Hilton owner and don't plan to be anytime soon, but I would say this "collection" is probably the recently-acquired Ka'anapali Beach Club on Maui and Kaua'i's Point at Poipu.

How many points does it take to book those two resorts? Is the OP going to be able to go every two years?

 

[CalGalTraveler]

@westcoasttraveler, I agree with the advice already given to rescind immediately and then research. Personally, I wouldn’t recommend purchasing HVC either retail of resale. Resale HVC trust don’t have access to DeX (as I understand it) and you are limited to only your trust collection. I would take your time researching after rescinding but I like HGVC system. You could buy a Craigendarroch Lodge unit (1 or 2 BR) and enroll the unit in HGVC system (have complete access to HGVC system) and enrolling the unit in DEX (have access to DEX with DeX Xtra Vacations). You could also buy a HVC Sedona Summit (other HVC deeded units also have access to DEX but I would verify that because I don’t own HVC) deeded unit and get access to DEX. I like the HGVC Craig option better.

Note: I do own a HGVC Craig 3BR Lodge and am trading that unit via DEX. Now, I wouldn’t recommend purchasing your first TS for only to use it as a trader. That is a side benefit which can easily go away…

Good advice here. Only update is that it has been recently reported that HGVC affiliates like Craig lodges do not have access to Destination Xtras cash stays. YMMV. Still collecting data points.

You can definitely trade in DEX week for week.

 

[WaikikiFirst]

How many points does it take to book those two resorts? Is the OP going to be able to go every two years?

using HGVC #s and what I have read about HGV having "equilibrated" HGVC & HVC pts after buying Diamond, I'd say yes, they can stay in a non-OVw 1 bdrm EOY or maybe a 2-bdrm in one of the few Gold wks. How in the world is that worth $20K? Well, people do what they do.
and it even lines up with the rough # I have in my head about a every yr HGVC 1 bdrm in Hawaii having an asking price of close to $50K

 

[GT75]

Thanks @CalGalTraveler for pointing that out. I forgot about that rescind delevopment.

 

[youppi]

@T_R_Oglodyte posted the 2025 MF of Hawaii Collection in https://tugbbs.com/forums/threads/forget-max-new-new-thing-is-trust-points.354446/post-3152358

I think @westcoasttraveler, your total MF per 2 years would be something like: $256.49 + 8,500 pts * $0.21269 + 2 * $313 = $2,690.36 per 2 year or $1,345.18 per year
I think the HGV Max Club ($313) must be paid annually even if you own bi-annual because you can bank your points and use them the other year at any other resorts outside of your collection. So, to be able to do that you must be part of the HGV Max Club each year and thus pay the club due every year.

The club fee ($313) and the base Hawaii collection fee ($256.49) hurt more members with a few points like 8,500 pts.
More you own points, more your real cost per points get closer to the $0.21269 per point

 

[westcoasttraveler]

Thanks to everyone for their time to reply! I did submit my rescind notice within the cancellation period, mine is 7 days. I had been to a couple of these timeshare pitches but gave in on this last one.

One of the main things intrigued me during the sales pitch was looking at the "discounted / promotional" stays within DEX and specifically at Cabo Azul. I saw stays for 2500 points but can't remember the number of nights, think it was at least 5. Even if I paid the retail MFs of around $2700/year for 8500 HGV points then I would be saving money versus paying cash. But some here say buying into DEX isn't worth it. Is there something I'm missing? On RedWeek I only see 1 rental for a comparative price but DEX showed a ton of these promo stays so DEX still looks appealing to me.

 

[westcoasttraveler]

Now, I wouldn’t recommend purchasing your first TS for only to use it as a trader

I like timeshares for the larger space, washer/dryer, kitchen but still want the flexibility to stay at different locations. What would you recommend? Is it hard to trade because of the booking window?

 

[dayooper]

Thanks to everyone for their time to reply! I did submit my rescind notice within the cancellation period, mine is 7 days. I had been to a couple of these timeshare pitches but gave in on this last one.

One of the main things intrigued me during the sales pitch was looking at the "discounted / promotional" stays within DEX and specifically at Cabo Azul. I saw stays for 2500 points but can't remember the number of nights, think it was at least 5. Even if I paid the retail MFs of around $2700/year for 8500 HGV points then I would be saving money versus paying cash. But some here say buying into DEX isn't worth it. Is there something I'm missing? On RedWeek I only see 1 rental for a comparative price but DEX showed a ton of these promo stays so DEX still looks appealing to me.

You can get DEX in different ways. Many of us here believe that Max is not worth the cost of a retail purchase. You can go get a Craigandarroch resale from their office and get enrolled into DEX and have the HFVC points to use in the years you don’t go. I believe you can get DEX from their office SW Florida affiliates as well, but I’m not sure on that.

I agree with @GT75 in that your first TS should not be a trader. It can be hard to navigate outside the system you own in. I also believe that any HVC collection purchase, retail or resale is a bad proposition. The resale too restricted and difficult to get rid of and the MF’s very high.

 

[GT75]

@westcoasttraveler, good decision and now you have time to research. I still think that Craig Lodge might be a good option but I think that you need to look at HGVC system itself first. You also need to think about what happens if for some reason that DeX isn’t available in the future. HGVC does have La Pacifica (HGVC resort in Cabo). So that could be a possibility.

In addition, one of HGVC CL owners did receive an email back from DeX that Craig Lodge owners enrolled in DEX do have access to DEX Xtra vacations.

Since you are on West Coast, you have good access to HI which HGVC has several resorts there. That might also be an interest to you.

 

[GT75]

@westcoasttraveler, there are several different good ways to get DeX besides the method that I am suggesting.

 

[Sully0316]

Thanks to everyone for their time to reply! I did submit my rescind notice within the cancellation period, mine is 7 days. I had been to a couple of these timeshare pitches but gave in on this last one.

One of the main things intrigued me during the sales pitch was looking at the "discounted / promotional" stays within DEX and specifically at Cabo Azul. I saw stays for 2500 points but can't remember the number of nights, think it was at least 5. Even if I paid the retail MFs of around $2700/year for 8500 HGV points then I would be saving money versus paying cash. But some here say buying into DEX isn't worth it. Is there something I'm missing? On RedWeek I only see 1 rental for a comparative price but DEX showed a ton of these promo stays so DEX still looks appealing to me.

As others have shared, Craigendarroch Lodges is a great way to gain access to DEX. You don’t get the extra option to purchase but when you transfer into the exchange, my platinum 3-bedroom week at Craig (MF ~$1,300 a year) can get me a week in a 3-bedroom penthouse at Cabo Azul.