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Is there no advantage to buying direct?

RMSG

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We literally just signed up today for HGV at the Elara. I admit we were impressed by the offer. We got 8000 pts, and the deal was sweetened with 20,000 points. Cost was around $60k, $1300 MF. We are absolutely new to TS and should have done the research, which we are doing now within the 5 days to rescind. I’m now leaning towards it, but is there really absolutely no benefit to directly buying? From what I read, many people are generally ok with the HGV system, and that buying resale saves money. I get all that. I just really want to know if there are no other advantages in keeping what we got. We are regular vacationers and we intended to use the system to its fullest potential in the coming years. You advice would be appreciated.
 

GT75

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So I take it that you purchased 8000 pts with 20000 bonus points for $60000. I would advise you to rescind now while you have the chance. The only thing which you will lose if you don't purchase direct is that will not count towards elite level. The first elite level doesn't start until you have purchased over 14,000 points and not really worth much anyway. You would get all of the other benefits if you purchase a HGVC resale unit. HGVC treats their resale members very well and I believe is a great program.

You also wouldn't get any bonus points but you will save initial cost. The rule of thumb for resale purchase price cost is ~$1/point for an annual platinum season. So I think that is easy math to figure out which will be a better deal.
 

Talent312

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RESCIND NOW!
Follow the instructions eggsactly as stated in your contract.
Why? Because that price is absurd. You can buy 8400 pts for 80% less.
The only thing you get buying direct is having points count toward elite.
Elite starts at 14K points. The elites here say it's not worth paying retail.
Otherwise, resale gets you everything that direct does.

BTW, those 20K in bonus points will disappear in 2 years...
And then you'll be left with a TS for which you paid far too much.

Here are some "platinum" listings from a reputable broker (Seth Nock)...
Hilton Anderson Ocean Club 2 Bed Plus Annual Platinum 8400 $14,000.00
Hilton Bay Club At Waikoloa 2 Bed Plus Annual Platinum 8400 $6,900.00
Hilton Hawaiian Village – Lagoon 2 Bed Plus Annual Platinum 8400 $18,500.00
Hilton Hokulani Waikiki 1 Bed Premier Annual Platinum 8400 $27,000.00
Hilton I-Drive (Tuscany) 3 Bed Annual Platinum 8400 $8,900.00
Hilton King’s Land 2 Bed Plus Annual Platinum 8400 $8,900.00
Hilton Kohala Suites 2 Bed Plus Fixed Week 51 Platinum 8400 $13,900.00
Hilton Las Vegas Strip 3 Bed Annual Platinum 8400 $18,000.00
Hilton Marbrisa 2 Bedroom Plus Annual Platinum 8400 $8,900.00
Hilton Parc Soleil 2 Bed Plus Annual Platinum 8400 $9,000.00
Hilton SeaWorld 3 Bed Annual Platinum 8400 $12,900.00
Hilton Waikoloa 2 Bed Plus Annual Platinum 8400 $10,900.00
... Smaller packages are available for less.
See: https://www.sellingtimeshares.net/category/listings/hilton/

Aside from pushy TS sales weasels & absurd pricing, HGVC is a good system.
It's resorts are HQ, booking flexible, and it's generally, consumer friendly.
And, from what we've heard, treats resale buyers the best of every system.

Hope this helps.
.
 
Last edited:

RMSG

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Thanks. This is consistent with what folks here are saying about the cheaper cost of resale, the good quality of the resale system, and not much benefit of elite status. By doing the resale route, we wouldn’t actually “own”, would we? And do we still need to pay for the TS MF in perpetuity?
 

GT75

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we wouldn’t actually “own”, would we? And do we still need to pay for the TS MF in perpetuity?
You will certainly "own" because you will get a deeded week just like buying direct. Yes, you will also be responsible for those MFs until you sell your week. My suggestion is that you rescind now while you have the chance and then take your time and research what is best for you.

My advice in purchasing is always look at the both the buy-in (purchase) cost and yearly MFs. You would like both cost to be low
 

GT75

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Now HGVC does have some resorts (like in Scotland) which are not deeded properties. But all of the US HGVC resorts are deeded.
 

RMSG

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Thanks again. Is there an added benefit to being in Elite status when you buy retail?
 

GT75

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This recent thread also discussed the same question - here
 

GT75

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There are also ways to gain elite status by buying resale. One way which you can do that is by buying resale from a HGVC agent at an affiliate such as Florida gulf properties or at Craigendarroch (Scotland).

Another way, is to "trade in" your resale unit and upgrade to a direct purchase during an "owners update". HGVC will usually give you credit of the original sale price for your resale unit. But, you will need to add significant amount of new money in the upgrade purchase.
 

alwysonvac

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YOU'LL HAVE ENDLESS OPPORTUNITIES TO BUY FROM THE DEVELOPER BUT ONLY ONE CHANCE TO RESCIND!!

The only difference between HGVC resale and buying direct is Elite Status.

You must own a minimum of 14,000 HGVC points to earn the lowest level status. If you decide two weeks later to sell, these weeks are going for less than $20,000 on the resale market (see pic below). That’s a $40,000 loss for a delayed decision. So, we always tell folks to rescind and research. If after you complete your research and decide that buying direct is still right for you, the HGVC sales team will welcome you with open arms and will still provide you with bonus offers.

Here’s another Elara rescind thread that you might find helpful.
“Rescind or not?” (March 2019) - https://tugbbs.com/forums/index.php?threads/rescind-or-not.287154/

NOTE: You can find similar threads by using search terms such as “RESCIND” or “ELITE”.

Good Luck and Welcome to TUG :thumbup:


From http://judikoz.com/Search.aspx

0462C3FB-548F-4C81-8BA1-EA1B0B1597BF.jpeg
 

RX8

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As others have pointed out all HGVC owners are treated equally (resale and direct). To get the perks offered for Elite you would need to pony up another $40K on top of the $60K they already got from you. The true value of those deeds totaling 14K points is going to be $15K or so meaning you would be paying $85K extra for those Elite perks. The $85K in savings is equivalent to about 450 years of the value of those perks. Assuming the 20,000 bonus points is worth $5,000 (I don’t think they are worth that much) you still have $80K in savings by buying resale.
 

hurnik

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Another thing a lot of folks don't consider:

Unless you have a LOT of vacation time (or maybe are retired?), the 20,000 bonus points expire in 2 years.
Yes, you can use them to pay MF and cruises and things, but it's not the best use of bonus points, IMO.
 

Nomad420

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The price seems off the hook high for Elara! I love the Elara as does my wife. We previously bought at HCNY from the developer but didn't pay anything near that several years ago. Wanted to buy retail at Elara to split locations and points but sadly found out Elara points couldn't be used in HCNY. Don't want to go through whole story and isssues but personally I wouldn't buy another HGVC property (even retail). Resend while you can as others have noted above.
 

Cyberc

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Rescind rescind rescind.

As others have posted you can ALWAYS buy direct but you only get 1 chance of rescinding.

You won’t loose any benefits of buying resale as you are only getting 8000 points.

If/when you rescind you need to follow the instructions to the letter. You can find the instructions in the documents you have been provided. Don’t call the sales office as the salesman will try and convince you that direct is a really good idea.
 

alwysonvac

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dayooper

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Thanks. This is consistent with what folks here are saying about the cheaper cost of resale, the good quality of the resale system, and not much benefit of elite status. By doing the resale route, we wouldn’t actually “own”, would we? And do we still need to pay for the TS MF in perpetuity?
We bought our Flamingo resale and we have the deed sitting in our safe.

If you haven't rescinded yet, please do so. Once you rescind, start researching not only the HGVC system, but some of the other systems as well. If you want to start with HGVC, take a look at the stick above. It has a wealth of information. @GT75 has a valuable spreadsheet that give the points per MF ratio for the various resorts. The information on the sticky for the resorts really helped us determine what to buy. Lastly, pay the $15 and join TUG. The access to the reviews is well worth the money.
 

AAKC2020

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Hi HGVC TUG family, I am also a new owner (I bought direct at Marbrisa last week when in Carlsbad) and this forum is super-helpful! How do I join the TUG for $15 so I can access the reviews?

I am a newbie to HGVC but did own Worldmark 16 years ago and sold as we moved to Texas and there were no locations at time. Anyhow, I think I did "OK" with my direct purchase as I wanted very minimal costs and don't plan to travel much with my kids in future. So I purchased 1 Bedroom "Gold" 4200 points, every other year along with 4200 Bonus points. Roughly $14000. MF's <$800 and don't have to pay one portion during the year I don't use. Also, I will be a member of the GPX (not sure if worth anything?)

I plan to buy resale if my kids decide they want to travel more to HGVC locations.
 

dayooper

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Hi HGVC TUG family, I am also a new owner (I bought direct at Marbrisa last week when in Carlsbad) and this forum is super-helpful! How do I join the TUG for $15 so I can access the reviews?

I am a newbie to HGVC but did own Worldmark 16 years ago and sold as we moved to Texas and there were no locations at time. Anyhow, I think I did "OK" with my direct purchase as I wanted very minimal costs and don't plan to travel much with my kids in future. So I purchased 1 Bedroom "Gold" 4200 points, every other year along with 4200 Bonus points. Roughly $14000. MF's <$800 and don't have to pay one portion during the year I don't use. Also, I will be a member of the GPX (not sure if worth anything?)

I plan to buy resale if my kids decide they want to travel more to HGVC locations.
Here is the link to join: https://tug2.com/JoinTUG.aspx

When did you purchase? *never mind, I see it*
 
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HGVC Elara is really nice and buying resale is the way to go, BUT make sure it is a REAL HGVC and not a Westgate converted week (some sellers will not disclose this)
 

dayooper

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HGVC Elara is really nice and buying resale is the way to go, BUT make sure it is a REAL HGVC and not a Westgate converted week (some sellers will not disclose this)
A quick look at the estopple will show the difference. A Westgate unit will say 90 where the yearly points are and list the resort as Planet Hollywood. An HGVC one will list the current points and the resort name will be Elara.

Here is a previous post where this was discussed: https://tugbbs.com/forums/index.php?threads/hgvc-resell.282686/page-2#post-2220494

Elara is a great deal right now. While they do have ROFR, they seem to not be exercising right now. You can get some pretty nice deals on 1 bedroom grands with nice MF's per point ratio.
 
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A quick look at the estopple will show the difference. A Westgate unit will say 90 where the yearly points are and list the resort as Planet Hollywood. An HGVC one will list the current points and the resort name will be Elara.

Here is a previous post where this was discussed: https://tugbbs.com/forums/index.php?threads/hgvc-resell.282686/page-2#post-2220494

Elara is a great deal right now. While they do have ROFR, they seem to not be exercising right now. You can get some pretty nice deals on 1 bedroom grands with nice MF's per point ratio.
I was at the Elara 1 bedroom Grand last month and it was Spectacular.....as in really nice. I would gladly return.
 

brp

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With all that has been said, the bottom line is:

Yes, there is no advantage to buying direct."

Cheers.
 
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