Yes, each transaction will require a fee.
Both HGVC and RCI have additional fees.
- In addition to the RCI exchange fees, some resorts have their own fees (daily resort fees, parking fee, housekeeping, etc). You'll want to look at the information provided on RCI's Resort detail page for these fees before booking.
- In additional to your annual maintenance fee, HGVC has reservation fees, parking fees at some resorts, banking fees, cancellation protection fees, etc.
Keep in mind, timesharing is not like booking a hotel. For exchanges, availability depends on deposits. Some resorts have lots of deposits and some offer very few to none. Travel date flexibility is key. It's best to place an ongoing search request across multiple weeks/months (instead a specific date). Also. there will be lots of booking competition during high demand travel dates and/or high demand resorts.
You're welcome.
Yes, the exchange fee is on top of your maintenance fee but not many folks will be able to find a decent one bedroom in Hawaii for $1400. I tend to look at the total cost. Some destinations are much more expensive than others
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Oh, I'm not saying you're wrong. These situations should be reported. There's lots of focus in the timeshare industry on resale wrong doings, but no one seems to be addressing the deception that occurs with the original sale from the developers. Lots of the timeshare sales folks do it (not just Hilton) and get away with it. And it's a known fact that has been going on for many years. It truly upsets me when folks come here with their stories. There is no real advice we can offer once the rescission period has ended (keep, sell or default). Sadly, there have been folks that have lost lots more than you.
With timeshares, I look at the purchase price as the entrance fee into the system. Some folks paid more (developer prices) and some paid less (resale market). Once you're in the system, you need to learn the ropes in order to be successful. TUG is very helpful in achieving this goal.