Help! Purchased HGVC Waikoloa Beach

[Talent312]

1st...I'm going to talk to the good ole resort folks and clear up the ROFR plus if there is a time limit as to when the 12K points expire. This of course, wasn't mentioned during the presentation. If I don't like the answer I guess I'm close to 100% sure I'm going to rescind... I still have easily until Sat to rescind...granted that's not a long time from now but I still have a night or so to think about it.

From the Members' Guide, pg.143 --
"Any unused Bonus Points expire two (2) years from the ownership purchase date."
If financed, at least six months of payments or 20% must be paid prior to their first use.

Bonus Points may be used:
-- for Affiliated Resort reservations during the Open Season (30 days out).
-- ClubPartner perks (non-resort travel, i.e. cruises)
-- RCI reservations
-- Hilton hotel reservations
-- credit against maintenance fees
-- conversion to HHonors points

But let me add my name to the chorus, RESCIND. After those BP's are gone, you'll be left with a HGVC membership for which you paid far too much. And do not rely on any T/S salesman's representation about ROFR levels. How do you know a T/S salesman is lying? His lips are moving.

 

[alwysonvac]

Do the Math...Is 12,000 HGVC bonus points worth $10,000? I don't think so.

Bonus points are ok but you will save more overall with resale.

According to the latest Membership Guide, Bonus Points cannot be used to reserve accomodations during the Home Resort week or Club Reservation window. Bonus points cannot be transferred or assigned and cannot be borrowed or deposited into next year's account. It looks like you can convert your HGVC Bonus points to HHonor points but it will only give you 300,000 HHonor points - see this post about HHonor points http://www.tugbbs.com/forums/showpost.php?p=684442&postcount=3. See page 143 of the Membership Guide for the rules regarding Bonus points - http://www.hiltongrandvacations.com/mg/

HGVC Gold points are going for much less on the resale market. HatTrick wrote...

Right now, you can get 5000 gold-season odd-year points at Hilton Waikoloa for $5000.

Do the Math...Is 12,000 HGVC bonus points worth $10,000 (not including the finance charges)? I don't think so.

The HGVC sales folks may not be totally truthful about HGVC ROFR levels and HGVC resale. You can call the recommended TUG resale agents for HGVC to confirm the ROFR level for a 5000 EOY gold season at the Hilton Waikoloa. - see http://www.tugbbs.com/forums/showthread.php?t=88428

 

[Elsie Mae]

I would just like to reassure you that I am a HGVC - Waikoloa owner and I have never regretting buying into it. Also, if you are a planner, and you book 276 days before your intended check-out day you will have no problem getting the unit you want.

 

[kccpa]

Totally Convinced now

Thank you all. I'm now totally convinced that I'm going to rescind TODAY!

I'm going to run to a copy shop and make copies of the pertinent info on the resorts and then start looking at resales now that I know what I want.

You TUGgers are invaluable and I thank you from the bottom of my heart (& wallet) for all your wise and considerable information.

Why I fought it...when I KNOW to buy resale is beyond me...other than I know I love TS's and traveling to wonderful places.

Thanks so much!

Kathy

 

[ecwinch]

Good deal. Rescind then revisit the decision without the perceived pressure of the current situation.

You have recognize that you were subjected to a sales process engineered to negate your reasonable concerns and to have you make the decision to buy.

The deal you have now will still be there tomorrow or next week. They will say otherwise, but it will still be there. And maybe after you consider all factors, the deal you have now might be the best one for you. It is unlikely, but you need more time to evaluate the purchase.