HICV Retail Price Increase

[skotrla]

Wow, I asked for closing costs on a HICV conversion package, and the total price is $3K higher than it was a month ago!

Unit: $10K
Closing Costs: $1K
Annual Points: 45K
Maintenance: $267

Maintenance is the only bright spot of the whole transaction...it's under my target of $6/1K points.

The sales rep said that the new requirement for converting existing fixed weeks is a $10K purchase - if anyone is offered anything less, please get the name and phone number of the HICV sales rep.

-Scott

 

[tschwa2]

And that conversion cost is to convert one unit or as many units as you currently own or what you own plus what you purchase in the next X months? And will they put the whole deal in writing.

 

[juliewhitehall]

Bad idea to convert. Just another way for them to make $$$$. It never works out for owners.

Sent from my SAMSUNG-SM-G900A using Tapatalk

 

[skotrla]

Last I heard, you could convert 1 current unit and 3 future units in next 60 days (you get something in writing), but I asked for confirmation. I'd never heard of the limit of 3 future units before today.

The reasons to do this are to get status and lower maintenance costs - you can save about ~$2/1K points on maintenance with fixed week units, so at 1M points, you are saving about $2K/year and elite benefits are substantial, maybe another $2K/year (25% advanced booking savings before 8 months, unlimited upgrades, signature 9 months out, non-signature 12 months out, unit-specific reservations, free point shield, free 7-day reservation, $5/1K rental points).

-Scott

 

[Sandy]

Boy, am i glad that I got in the last days of conversion at Desert Club a few years ago for @$200. No way i would pay these prices. But I am very frugal.. I learned a lot on TUG.