• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Need Help - Urgently :) :)

scarpenter

TUG Member
Joined
Jul 28, 2006
Messages
16
Reaction score
0
Points
361
Location
Barrie, Ontario
Hi there I need some help.

Hilton wants to sell me a 2 bdrm for 19,590 South Beach Miami. I get 5,000 points plus 15,000 bonus points.

I like the idea of belonging to a hotel chain, they will finance and I will let me do the deposit in intallments. It is open so I can pay off or refinance when I am in a better position.

Our family is really looking to change up things.

Is this a bad thing or should I look at another hotel chain for lower price on units?

S:shrug:
 

JMAESD84

TUG Member
Joined
Jun 11, 2007
Messages
609
Reaction score
0
Points
16
Location
New Hampshire
Hi there I need some help.

Hilton wants to sell me a 2 bdrm for 19,590 South Beach Miami. I get 5,000 points plus 15,000 bonus points.

I like the idea of belonging to a hotel chain, they will finance and I will let me do the deposit in intallments. It is open so I can pay off or refinance when I am in a better position.

Our family is really looking to change up things.

Is this a bad thing or should I look at another hotel chain for lower price on units?

S:shrug:

I think Hilton is trying to steal your money. You probably should not be negotiating a purchase with a developer. Instead check out the resale market (TUG, Redweek, eBay, etc) for what is being adveritised for the hotel chains and see if you cant find something that fits your budget and doesn't require financing.
 

Blondie

TUG Member
Joined
Jun 6, 2005
Messages
1,540
Reaction score
18
Points
398
Location
New England
Resorts Owned
Raintree Blue, Raintree Resorts; Sudwala Lodge, SA; Hollywood Sands, Hollywood , Fla
Don't do it!! You will be paying way too much especially if you finance it. Not a good idea- look for resales and save yourself a bundle.
 

Jya-Ning

TUG Member
Joined
Jul 15, 2005
Messages
2,461
Reaction score
2
Points
36
Location
DC Suburban
Hi there I need some help.

Hilton wants to sell me a 2 bdrm for 19,590 South Beach Miami. I get 5,000 points plus 15,000 bonus points.

I like the idea of belonging to a hotel chain, they will finance and I will let me do the deposit in intallments. It is open so I can pay off or refinance when I am in a better position.

Our family is really looking to change up things.

Is this a bad thing or should I look at another hotel chain for lower price on units?

S:shrug:

Does not seems like you know what you actually get. And you have no enough money to cover the purchase. You should cancel it.

You can try tug's advice on HGVC http://www.tug2.net/advice/hgvc.htm. I believe you will get gold season 2 BD for 5000 points, not enough for plantimun season 2 BD.

Learn first, the same amount of deal will always come. In the meantime, if you have money invest it, it is a bad economic year, which means, if you start investing now, you will have great chance beat avg. While at the sametime, with economic downturn, most hotel are in discount mode.

Jya-Ning
 

Bill4728

Moderator
Joined
Jun 6, 2005
Messages
11,038
Reaction score
598
Points
899
Location
Lake Tapps, WA
The current price for a HGVC TS in LV is about ~$1.70- $1.75/pt for platinum points OR $1.25- $1.40 for Gold pts. So depending on the season your thinking of buying ( a 1 bd platinum or a 2 bd gold) your purchase should be ~$9,000 (plat) or ~$6500 (gold).

Your offer is clearly from the developer. The bonus pts are worth a $1000 -$1500.

Find a way to buy resale and save well over $10,000. ( if you bought the gold pts you pay $13,000 less plus the interest you'd pay. If you really want this and need to finance you may be able to find someone who owes $7000 - $8000 and you can take over their payments. Don't over spend by $13,000!!)

Call Seth N or Judy K both sell mostly HGVC and are both GREAT!!
Seth is at www.Sellingtimeshares.net
Judy is at www.timeshareresalepros.com

PS My understanding is that using your LV points to reserve in South Beach isn't too hard. So buy someplace cheap and use your points to go where you want.

PSS Since this is about HGVC I'm moving this thread to the Hilton board.
 
Last edited:

riverdees05

TUG Member
Joined
Jun 6, 2005
Messages
4,025
Reaction score
35
Points
434
Location
Middle TN
Don't buy, start your learning process by joining TUG, Timeshareforum, and other timeshare sites. Look at resales on ebay, redweek, Holiday Group, etc., get an idea of what out there and what the asking price is and the selling price. There can be a big difference between them.

I would say, wait 6-12 months before you buy. Might even want to consider renting a week and trying it out. Interest on your 19,590 depending on the rate would probably pay or come close to paying for a week at a lot of locations.
 

Zac495

TUG Member
Joined
Jun 6, 2005
Messages
3,108
Reaction score
104
Points
448
Location
Philadelphia, PA
NO NO NO! Do not buy it!!!!!!
You can get great deals resale. You don't know what you're doing yet. Don't fall into the trap. I promise you - hang out here with us. You might find you don't want Hilton -you want Hyatt or Marriott or whatever. Take your time.
 

linsj

TUG Review Crew: Veteran
TUG Member
Joined
Aug 20, 2006
Messages
2,209
Reaction score
441
Points
443
Location
Chicagoland
Resorts Owned
HGVC
Like everyone else said, don't do it! You can find a MUCH better price resale. Plus financing a timeshare is not a smart move. It only increases the price of a depreciating item.
 

ricoba

TUG Member
Joined
Jun 7, 2005
Messages
6,272
Reaction score
2
Points
323
Location
Metro Los Angeles
The previous posters are right on the money...you can do much better resale....especially now that the market is softer.
 

Talent312

TUG Review Crew: Veteran
TUG Member
Joined
Jul 4, 2007
Messages
17,462
Reaction score
7,277
Points
948
Resorts Owned
HGVC & GTS
Hi there I need some help.
Hilton wants to sell me a 2 bdrm for 19,590 South Beach Miami. I get 5,000 points plus 15,000 bonus points.
... Is this a bad thing...?

It's highway robbery.
I, personally, have no objection to you donating money to Hilton's slush funds. But since you asked... Consider this: For the price of your annual MF's alone, you might be able to rent a similar unit and owe nothing. There are reasons to own (perks), but nowhere near $19K worth.

I just hope that you haven't signed a contract. If you have, RESCIND in wtriting the exact manner described in the paperwork they gave you.
 

HGVCnewbie

newbie
Joined
Apr 22, 2008
Messages
18
Reaction score
0
Points
1
I think you possibly may have a hunch now on how everyone on TUG, including me, feels about buying from the developer!

As far as if I would ever take that deal from Hilton direct:

Do you remember that TV show "Alice" back in the early 80s? Remember when Flo would say to Mel, "When donkeys fly"? :D
 

jehb2

TUG Member
Joined
Nov 6, 2005
Messages
2,174
Reaction score
952
Points
473
Location
texas
...It is open so I can pay off or refinance when I am in a better position.

Hilton is wonderful. I love my Hilton timeshares. That said, buy resale.

You will not be able to refinance a timeshare
 

Aptman

TUG Member
Joined
Aug 9, 2007
Messages
125
Reaction score
4
Points
378
Location
Los Angeles
Consider one or two things:
1) What do you want out of this? Did you go to the facility, like it, and decide that's what you want every year? If you liked the 2bd, realize that most of the year is Platinum, not gold (even in FL), and you really need a platinum (or 7,000 points). If it's only a matter of size of a unit once per year, get 7,000 points resale. Someone was just posting here the other day agonizing over spending about $11,000 for 7,000 points, which is far better than you're getting (and the Maintenance fees are probably roughly the same, even less, because his was in Vegas).

2) What are you willing to pay? If you can afford $20k (which, from talk about financing, refinancing and paying payments, it doesn't sound liike you can), then plunk down that $20k for something like 8400 points at one of the new Hawaiian properties (although $20k may not be enough for that, it probably should be). That gives you prime points and great priority on getting into Hawaii (assuming that matters to you).

My guess is that you really can't afford what they're talking about, and you're thinking about stretching because you were wowed by them during a visit. Good news is that you didn't buy, but you really need to do some research. This is not a race, things are only getting better for buyers on the resale market - what with the economy slowing, credit tightening up, and cash being a premium.

I spent 6 months lurking on this and other boards before finally deciding what to buy resale. You should spend that long. Read the stickys (that's the discussion threads that are full of general details about each different issue that will bring you up to date on the basics), then follow the discussions, and finally post a few questions that are more complex, and soon you'll become
an expert on this stuff before you ever make your first purchase.

Remember, there's no race here. Dedicate a couple of months just to reading and absorbing all of this, then you'll feel happier about parting with your hard-earned money.

Oh, and join TUG, becoming a full-fledged member. It's really cheap (it's already saved you a bundle of cash), really worthwhile, and it contributes to all that we're learning here. The more the merrier.
 

scarpenter

TUG Member
Joined
Jul 28, 2006
Messages
16
Reaction score
0
Points
361
Location
Barrie, Ontario
Hello Everyone

In my heart of hearts I knew this. I have been around for a couple of years reading etc....but I guess one get carried away when they chat and know they could have in 30 days.

I guess them making so easy and making it possible for me. Is what triggered my interest.

AND No no I knew not to take it before I spoke with all the wonderful people here.

Thanks for your advise.....I will contact a few resale folks and see what they can come up with for me.

Sandra
 

yumdrey

TUG Review Crew: Veteran
TUG Member
Joined
Jun 30, 2008
Messages
3,029
Reaction score
3
Points
273
Location
Maryland, U.S.A.
You made a good decision!

Sandra, congrats on your decision. You saved your money. I purchased LV Flamingo annual gold 5000 points for $0.76/point 2 months ago. These days, there are lot of good deals at resale. Don't hurry, keep watching market then you will find a good one.
 
Top