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HGVC vs MVC - Pros and cons

SenorBlanco

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Found the site, proceeded to put my first post in the wrong place (sorry, admin), love the site, joined the site!
Considering options, spent a few hours looking and honestly haven’t found a good comparison between HGVC vs MVC. (Feel free to link if I just haven’t come across it).

Initial observations:
- MVC resale market seems more expensive than HGVC due to the Marriott transfer fees. Is there a reason to spend that money? The whole notion of this site is to find deals and MVC resales still seem pretty pricey.
- MVC seems more flexible for shorter time period giveaways as opposed to full 7 days. Accurate?
- MVC’s MF seem pretty high relative to everyone else. Wouldn’t a rental possibly be better than $4000+\year in MF? Their MF seem to be getting close to breaking even and just renting for someone wanting to crack into timeshare living.

By no means want to make it seem like I’m leery of MVC, especially since they seem to be the Goliath and growing yearly, but they don’t appear to be as attractive on resale unless I’m missing something. Obviously, it is much cheaper when compared to buying direct, but still pricey.

Open to other pros and cons as well but those are my first observations and looking for some validation from the vets.
 

goaliedave

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Found the site, proceeded to put my first post in the wrong place (sorry, admin), love the site, joined the site!
Considering options, spent a few hours looking and honestly haven’t found a good comparison between HGVC vs MVC. (Feel free to link if I just haven’t come across it).

Initial observations:
- MVC resale market seems more expensive than HGVC due to the Marriott transfer fees. Is there a reason to spend that money? The whole notion of this site is to find deals and MVC resales still seem pretty pricey.
- MVC seems more flexible for shorter time period giveaways as opposed to full 7 days. Accurate?
- MVC’s MF seem pretty high relative to everyone else. Wouldn’t a rental possibly be better than $4000+\year in MF? Their MF seem to be getting close to breaking even and just renting for someone wanting to crack into timeshare living.

By no means want to make it seem like I’m leery of MVC, especially since they seem to be the Goliath and growing yearly, but they don’t appear to be as attractive on resale unless I’m missing something. Obviously, it is much cheaper when compared to buying direct, but still pricey.

Open to other pros and cons as well but those are my first observations and looking for some validation from the vets.
1 observation wrong "MVC is the Goliath". There are 2 goliaths, Wyndham and Marriott, who are competing to buy up the competition including HGVC which will be sold soon to one of them, probably Wyndham (or Diamond Resorts which is #3). Marriott just bought Sheraton-Westin so is busy amalgamating. They each own one of the big trading companies (II and RCI).

Sent from my SM-A505G using Tapatalk
 

CalGalTraveler

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HGVC is better for shorter stays because all the deeds are automatically enrolled in points. Resale MVC deeds are not enrolled in points for short stays so you would need to spend $ to enroll them. MVC tends to be more expensive but there are pockets of deeds in the Marriott and Vistana (Sheraton-Westin) systems which are reasonable.

Each system has pros and cons. You should answer the "What should I buy" questions so we can help you with system/locations that best suit your needs and budget.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?

3) What are your 5 top trade destinations?

4) How many people do you usually travel with - total, including yourself?

5) Can you travel any time, or are you locked into the school schedule?

6) Can you make firm plans 12 or more mos. in advance?

7) Can you vacation for a full week at a time?

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?

9) How much can you afford to spend upfront, without financing?

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?

11) Are you a detail oriented planner?

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
 

SenorBlanco

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Sorry! I had put in a separate reply.

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?
Caribbean, Hawaii, FL, Europe

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
50/50, not committed either way

3) What are your 5 top trade destinations?
Pretty open

4) How many people do you usually travel with - total, including yourself?
2

5) Can you travel any time, or are you locked into the school schedule?
Open

6) Can you make firm plans 12 or more mos. in advance?
Yes

7) Can you vacation for a full week at a time?
Yes

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
4-5

9) How much can you afford to spend upfront, without financing?
$25,000 max, but likely won’t go near that high

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
$3-$4K as of now

11) Are you a detail oriented planner?
Average

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
Yes
 

CalGalTraveler

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Based on your responses, MVC would be a better fit because HGVC only has 1 Carribean property and it is not fully built yet.
 

CPNY

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Sorry! I had put in a separate reply.
Buy a 2 bedroom platinum Westin Kierland Villas. You’ll get points for vistana units and a strong trader in interval. You’ll have great destinations in the Caribbean. One thing you may want to consider is the 2 bedroom plat WKV and a MVC trader..
 

CPNY

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Based on your responses, MVC would be a better fit because HGVC only has 1 Carribean property and it is not fully built yet.
I’m thinking also Vistana here. The exchange with MVC in II plus the star options for Caribbean etc.
 

Mongoose

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Resale MVC deeds are not enrolled in points for short stays so you would need to spend $ to enroll them.
So through MVC you can only do complete week trades internally? What is the cost to convert to get point flexibility? Thanks.
 
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Bill4728

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So through MVC you can only do complete week trades internally?
Correct, they can only do full week reservations and full week trades. BUT they are often really cheap and trade great.
What is the cost to convert to get point flexibility? Thanks.
MVC resales brought after the 2010 deadline ( different deadline for Caribbean and European resorts) are not allowed into the MVC point system.
 

dayooper

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1 observation wrong "MVC is the Goliath". There are 2 goliaths, Wyndham and Marriott, who are competing to buy up the competition including HGVC which will be sold soon to one of them, probably Wyndham (or Diamond Resorts which is #3). Marriott just bought Sheraton-Westin so is busy amalgamating. They each own one of the big trading companies (II and RCI).

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The latest trend of HGVC being bought out is at 50/50. Hilton branding is an issue.
 
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