New HGVMax member (sucker)

[foehammer]

A little background, we are very happy Disney Vacation Club members for the last 11 years. We thought we understood how the Timeshare game worked. We even turned down DVC the first time and bought resale and saved a bunch of money.

We decided to look into the Hilton timeshare and went in overconfident. We forgot all about the secondary market and bought 5500 points in HGVMax US collection in odd years. We can book 13 months in advance at home collection, 10 months before in The Club resorts and 6 months at HGV Max resorts. It does say we have access to DEX. After reading in this forum, I didnt think we had access to DEX.

So I want to confirm: this is a bad deal because I should have bought resale.

However, I dont want to be locked into a certain week every year. That will not work for my schedule. Is Max really a bad option?

We are currently drafting the cancellation letter.

I hope this made sense.

 

[CalGalTraveler]

@foehammer Your gut is correct. Cancel now while you can. Those points are worthless.

HGVC is an awesome system but you need to find resale and deeds that trade well. Please come back after you cancel with your travel needs and we can assist.

 

[rickandcindy23]

Hilton points do not lock you into a certain week each year. It's a flexible system.

Hilton is still the only company that hasn't talked me into a presentation. Maybe June I will attempt a presentation. We will be on the Big Island.

 

[WaikikiFirst]

very happy Disney Vacation Club members for the last 11 years. We thought we understood how the Timeshare game worked. We even turned down DVC the first time and bought resale and saved a bunch of money.
We decided to look into the Hilton timeshare and went in overconfident. We forgot all about the secondary market and bought 5500 points in HGVMax US collection in odd years.

How can this stuff possibly happen?

I want to confirm: this is a bad deal

Bad deal all the way around. Do you have some major love for something in Diamond? (which is what you seem to have bought)

hope this made sense

nope. Do you understand the diff between HGVC & HVC & HGV? not as simple as M-O-U-S-E
Did you see a Pts Chart for resorts to see how little 5500 pts EOY will get you?

 

[foehammer]

How can this stuff possibly happen?

Bad deal all the way around. Do you have some major love for something in Diamond? (which is what you seem to have bought)

nope. Do you understand the diff between HGVC & HVC & HGV? not as simple as M-O-U-S-E
Did you see a Pts Chart for resorts to see how little 5500 pts EOY will get you?

Understandable response. The difference in all the companies was not explained to us. We didn't realize all the changes with the Hilton program. Not exactly sure why we signed immediately, again we thought we knew what we were doing because of our good experience with DVC. We messed up. Within 2 hours of leaving I was already planning on how to get out of the deal. Letter was written as of today and will be mailed tomorrow.

Now we are here to learn and figure out what we really want.

 

[foehammer]

@foehammer Your gut is correct. Cancel now while you can. Those points are worthless.

HGVC is an awesome system but you need to find resale and deeds that trade well. Please come back after you cancel with your travel needs and we can assist.

Will do!

 

[CalGalTraveler]

Congrats @foehammer. You escaped a bullet. How much did they want you to pay?

After you rescind, let's talk about your desired travel destinations and we can help you pick the best approach. There is a questionnaire here:

Lastly, please join TU for $15 as this was the a good ROI to save paying a bundle for worthless (former DRI) points that people cannot even give away. There are much better HGVC options. (I make no money from any TUG memberships, but like to see people pay it forward).

cc @TUGBrian

 

[RX8]

Understandable response. The difference in all the companies was not explained to us. We didn't realize all the changes with the Hilton program. Not exactly sure why we signed immediately, again we thought we knew what we were doing because of our good experience with DVC. We messed up. Within 2 hours of leaving I was already planning on how to get out of the deal. Letter was written as of today and will be mailed tomorrow.

Now we are here to learn and figure out what we really want.

Don’t feel bad about being duped. In fact give yourself a pat on the back. These are trained, professional salespeople whose goal is to tell you exactly what you want to hear in order for them to earn a commission. They don’t care if 5500 EOY points don’t work for you. What they likely do is during your next presentation they will tell you that what you purchased is no good and what you REALLY need is the super, duper timeshare with more bells and whistles.

When you came out of the ether, your gut told you to research some more. There are many, many people who don’t bother to question their purchase until months or even years later and for them they are stuck with the timeshare.

Congrats!!!

 

[WaikikiFirst]

here to learn and figure out what we really want

You prob want to read this recent thread

What are the pros and cons of retail vs resale?

I am currently gold with 8,100 points for a 1 bedroom on Oahu on odd years. Gold is worthless with a 9 month advance booking and I have been unable to use it in three years. I want to get 2 bedroom platinum, but HGVC wants an insane amount to upgrade to 11,200 points as platinum, 2 bedroom on...

tugbbs.com

and answer the questionnaire CalGal mentioned, and get your arms around how many pts you WANT or NEED & that HGVC vs HVC vs HGV stuff.
I think a Pts chart for resorts might have been linked in that thread.

btw, what I think is worth knowing is:
Where did you do this sales mtng?
How did you get there? You didn't walk in off the street. You bought a "package"? You rented? You exchanged in? What resort? Name?
When you were sold HVC trust pts (aka Diamond), did you know they were Diamond, not HGVC? What specific resorts did you and the salesperson spend much time discussing? Did you know if those resorts were HGVC or Diamond/HVC?