Just bought a HGVC max TS and need advice!

[JohnH2107]

My wife and I decided to pull the trigger on a package while in Hawaii on our “VIP” package in Waikoloa Hawaii at kings land. We really enjoyed our stay with kids and wanted something that will force us in a way to travel more and see parts of the world we wouldn’t probably make the leap without a program like this. I felt like i spent an hour haggling this sales guy and finally got what seemed like a good deal.
HGVC max:
6500 points bi annually $1088 yearly MF
25k bonus points
$13k
Our home base is their new “Hawai’i collection”. He said we can book up to 12-13 months in advance at places like park city, couple spots in California and fee in Hawaii i believe.

I financed at $136 a month with the intention of paying off within a year after dipping in and trying it out.

I have no knowledge but the hour of research I’ve done and horror stories I’ve read…sprinkled in with a handful of happy owners.

Should i rescend the offer? Is it worth if if used properly? Did i over pay? TIA!

 

[amycurl]

Yes, you should rescind now. Max is generally considered not worth buying developer. Rescind now, and then come back and read all the stickies in this forum. The fact that you financed this deal is even more of a red flag that you should rescind. You also didn’t buy HGVC; you purchased HVC (formerly Diamond.) You can pick those up for basically free on the resale market.

HGVC proper is one of the most resale-friendly of the hotel-branded systems there is; find a deal resale that you won’t have to finance. Again, you need to do some more research here—you have plenty of time to do that, but only a limited time to rescind this not-good deal.



Sent from my iPad using Tapatalk

 

[GT75]

The product that you actually purchased was Hilton Vacation Club (HVC) formerly Diamond. HgvMax is nothing more than an exchange program between the various Hilton products (like HGVC) but at the 6-month mark. You will only be getting the left-overs at this point. I am not in the HVC side of things and certainly wouldn't purchase HVC trust points either retail or resale. You can get HVC trust points certainly for free on the resale market. HVC trust points have NO resale value and you will probably need to add money in order to get someone to buy the purchase from you when you want out.

There are many reasons why I advise you to rescind:

• You overpaid, big time
• You need around 11K points for a two bedroom, so you didn't purchase enough points
• No resale value so very hard to get rid of that purchase
• Your yearly MFs (maintenance fees) are very high.
• The quality of the resorts in HVC resorts (except for a few) are poor especially compared to the MFs which you would be paying
• Rescind now while you have the chance so you can have time to research.

I agree with @amycurl, not all TS systems are bad if you understand and know what you are purchasing (but purchase resale and save $$$$). HGVC is one of those TS system which in my opinion is one of them. I am very familiar with that system and certainly can recommend it. But I currently recommend that you rescind immediately and then take your time researching and asking questions on TUG. There certainly isn't a rush to purchase something and the best part is that our answers don't depend on us getting a commission.

 

[GT75]

To clearly answer your questions:

Should i rescend the offer?

yes

Is it worth if if used properly?

No, not that system, IMO. Those in that system might disagree. But you certainly would have needed to purchase more points.

Did i over pay?

yes, big time

 

[Passepartout]

When you go to rescind, DO NOT go to the sales department (I assume you are at the resort now). They will simply try to save the sale by sweetening the deal.
Follow the instructions in your paperwork and rescind by USPS mail.

Welcome to TUG! Buy resale. $ave thou$and$!

Jim

 

[RX8]

Hilton has made it very confusing with what they are selling and that may be intentional. They are repackaging and selling their acquisitions under their HGV umbrella. It started with Diamond and will eventually include Bluegreen. These are, IMHO, inferior to the original Hilton Grand Vacations Club resorts. With HGV/Diamond trust points, you also pay significantly more in annual maintenance fees as compared to HGVC. The sales teams are using these acquisitions as a selling tool by offering starter timeshares with prices within the budgets of many. HGV doesn’t care if what they are selling you doesn’t match with your travel needs. They also don’t care if what they are selling for $10K+ is actually worth zero, or even less, once you sign the papers. Their end goal is to sell you multiple timeshares through upgrades.

You paid $13K for 6500 biennial points and $2176 in Maintenance fees ($1088 every year x 2). Below is just one of many examples of a much better deal. This eBay purchase for 8000 biennial points and a use year maintenance fee of $1302 went for $52 and included free closing and free 2024 usage. Not sure if the $2176 in your original offer included the $209 club dues that is paid every year but even assuming worst case scenario, adding $209x2 to the $1302 is still only $1720. That is a savings of $456 every use year and with more points to use. There are even better resale deals if you look to purchase a platinum deed. Even buying one of those with 11,200+ points will still save you thousands of dollars in upfront costs.

8,000 HGVC Hilton Points Seaworld Vacation Suites Timeshare Orlando Florida | eBay

HGVC Hilton Vacation Suites Points Seaworld. Hilton Grand Vacations Club at SeaWorld. There are also planned activities for children and adults. Orlando, FL 32821. Points Info 8,000 Points available for 2024.

www.ebay.com

 

[SmithOp]

I paid the same amount resale for true HGVC Kings Land 23,040 points annually, annual maintenance fee (~$2200). Let that sink in and then rescind.

 

[jp10558]

Yea, recind. I got a SeaWorld HGVC deed resale 11,200pts for ~$8,000, MFs of $1,600. And this isn't an amazing low MFs either. But way cheaper than yours.

As everyone else said, rescind and find out what will do what you actually want here on TUG and save a boatload of money.

 

[JohnH2107]

When you go to rescind, DO NOT go to the sales department (I assume you are at the resort now). They will simply try to save the sale by sweetening the deal.
Follow the instructions in your paperwork and rescind by USPS mail.

Welcome to TUG! Buy resale. $ave thou$and$!

Jim

I’ll definitely rescend. I saw on the last page of the contract the 7 days grace period. It’s says I can mail in the form or fax, i planned on doing both as soon as i get back home. I’ll send on Monday, it’s due by Thursday. Will that work? Do i receive a confirmation? Super nervous they’ll try to pull something. Thank you for the advice and help!

 

[JohnH2107]

I paid the same amount resale for true HGVC Kings Land 23,040 points annually, annual maintenance fee (~$2200). Let that sink in and then rescind.

That’s a much better deal. Geez. These sales people are no better than used car salesmen.

I do have a question.

I’m definitely going to rescend. I saw on the last page of the contract the 7 day grace period. It’s says I can mail in the form or fax, i planned on doing both as soon as i get back home. I’ll send on Monday, it’s due by Thursday. Will that work? Do i receive a confirmation? Super nervous they’ll try to pull something. Thank you for the advice and help!

 

[amycurl]

Yes, send both ways as soon as you get home. When you mail it, be sure to send it in a way that USPS provides you with a tracking number and confirmation of mailing date. Be sure that everyone that signed the contract signs the recission letter. That's all you need; it's not about when they receive the letter, but when you mail/fax it. No, you won't get a confirmation, but you should get your deposit back within 45 days. They won't mess around with processing it, but you might have to be patient. Be assured, though, that once you send it in, you'll be made whole (like the whole thing never happened.)

Then, come back here, pay $15 to become a member (because we just saved you $$$$$$) and read, read, read. HGVC can be a great system to buy into resale, and those aspects that appealed to you enough to buy are still there....*and* you'll know exactly what you're getting, how it works, and how to spend the least amount of money to enjoy the benefits of ownership.

Welcome to TUG!

 

[heitmullerj02]

yes, cancel that deal. I bought HGVC, the good one, for 5k Lagoon Tower, Waikiki. Via TUG. 12 month reservation window. Diamond are second rate resorts and most are pretty old. On the plus side HGVC does treat resale very well. I also own in Carlsbad and like their system.

 

[SmithOp]

That’s a much better deal. Geez. These sales people are no better than used car salesmen.

I do have a question.

I’m definitely going to rescend. I saw on the last page of the contract the 7 day grace period. It’s says I can mail in the form or fax, i planned on doing both as soon as i get back home. I’ll send on Monday, it’s due by Thursday. Will that work? Do i receive a confirmation? Super nervous they’ll try to pull something. Thank you for the advice and help!

The date stamp on the mail is what it goes by, not when they receive it. Hilton is good about honoring rescind but you won't get a confirmation, just look for any deposit to be credited back on your credit card. They have 45 days.

 

[RX8]

The rescission letter can be very simple. Simply write “I (or we if multiple persons on the contract) are rescinding the timeshare purchase at XYZ resort with contract number 12345 (if there is one on the contract). Include your names and addresses and have all parties sign and date the rescission letter. That’s it.

As @amycurl stated, you need to get a tracking number. You can do that by requesting certified at the USPS. Ask for the receipt and the receipt itself will have the date mailed and the tracking number. Keep that and a copy of what you sent.

Congrats on saving thousands. If you are still interested in timesharing, take your time, join TUG with your savings ($15), read threads, and ask questions. When you are ready, buy resale and enjoy your well thought out, highly researched timeshare.

 

[GT75]

And don't answer call from your salesperson. They have nothing to do with processing your rescind paperwork. They are only trying to save their commission.


Congratulations on your decision to rescind. You certainly will be glad that you did.

 

[GT75]

These sales people are no better than used car salesmen.

IMO, worse.

 

[JohnH2107]

Yes, send both ways as soon as you get home. When you mail it, be sure to send it in a way that USPS provides you with a tracking number and confirmation of mailing date. Be sure that everyone that signed the contract signs the recission letter. That's all you need; it's not about when they receive the letter, but when you mail/fax it. No, you won't get a confirmation, but you should get your deposit back within 45 days. They won't mess around with processing it, but you might have to be patient. Be assured, though, that once you send it in, you'll be made whole (like the whole thing never happened.)

Then, come back here, pay $15 to become a member (because we just saved you $$$$$$) and read, read, read. HGVC can be a great system to buy into resale, and those aspects that appealed to you enough to buy are still there....*and* you'll know exactly what you're getting, how it works, and how to spend the least amount of money to enjoy the benefits of ownership.

Welcome to TUG!

I sent a fax and immediately got a confirmation email and even the sales person back in Hawaii text my wife, asking why we canceled. It did say give 7-10 days to process and then some additional time for the deposit to be refunded. Do you think the fax documents, along with the HGV email confirmation of the signed cancellation form will suffice or should i still send via mail?

 

[JohnH2107]

The date stamp on the mail is what it goes by, not when they receive it. Hilton is good about honoring rescind but you won't get a confirmation, just look for any deposit to be credited back on your credit card. They have 45 days.

I sent a fax and immediately got a confirmation email and even the sales person back in Hawaii text my wife, asking why we canceled. It did say give 7-10 days to process and then some additional time for the deposit to be refunded. Do you think the fax documents, along with the HGV email confirmation of the signed cancellation form will suffice or should i still send via mail?

 

[TUGBrian]

very happy you found TUG in time to rescind and save a fortune! welcome to TUG!

 

[JohnH2107]

very happy you found TUG in time to rescind and save a fortune! welcome to TUG!

Thank you! I’m Very glad too.

I faxed over the signed cancellation doc and immediately got a confirmation email and even the sales person back in Hawaii text my wife, asking why we canceled. It did say give 7-10 days to process and then some additional time for the deposit to be refunded. Do you think the fax documents, along with the HGV email confirmation of the signed cancellation form will suffice or should i still send via mail?

I’ve been putting in some research hours and can’t wait to buy resale! Thank you!

 

[RX8]

Do you think the fax documents, along with the HGV email confirmation of the signed cancellation form will suffice or should i still send via mail?

If the contract listed fax as an acceptable method of rescission then you are good. If not, or you just want the extra peace of mind at a very minimal cost, send it USPS certified receipt as well.