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New members - did we make the right decision?

Sandy VDH

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
9,856
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4,241
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648
Location
Houston, TX
Resorts Owned
Wynd VIP Plat GF, HGVC Elite, WM, HICV, +
I will rescind this however I do have a question. My understanding was that if I have an EOY deal my MF fees would also be EOY. Is that correct or did they lie to me?

True your MF are EOY HOWEVER, you will still need to pay for a Membership fee in the off years.
 

dayooper

TUG Review Crew
TUG Member
Joined
Apr 14, 2018
Messages
3,972
Reaction score
3,426
Points
349
Location
The Land of Ice and Snow
Resorts Owned
HGVC: The Flamingo, The Boulevard
I will rescind this however I do have a question. My understanding was that if I have an EOY deal my MF fees would also be EOY. Is that correct or did they lie to me?

The MF’s would be EoY, but you would still have to pay the club dues every year ($186 this year).
 

Hfnole

newbie
Joined
Jan 4, 2021
Messages
7
Reaction score
7
Points
3
Resorts Owned
Hilton Grand Vacations
Is something like this fine for my letter:

Name and address info on contact

Ref: Written notice or cancellation - contact number

We are exercising our legal right to cancel (contract number) for Las Vegas Vacation Suites. We expect a full refund of our deposit of $2,242.15 within 20 days of receiving this notice.

regards,

wife her signature Me and my signature

Thanks again for your help, I don’t want to screw this up.
 

PigsDad

TUG Member
Joined
Nov 1, 2006
Messages
10,083
Reaction score
7,101
Points
898
Location
Colorado and SW Florida
Resorts Owned
HGVC Elite: SeaWorld, Surf Club, Charter Club, Valdoro
Is something like this fine for my letter:

Name and address info on contact

Ref: Written notice or cancellation - contact number

We are exercising our legal right to cancel (contract number) for Las Vegas Vacation Suites. We expect a full refund of our deposit of $2,242.15 within 20 days of receiving this notice.

regards,

wife her signature Me and my signature

Thanks again for your help, I don’t want to screw this up.
Perfect. Short and to the point. No need to put in a reason of why you are rescinding. However, I believe they have up to 45 days to refund your deposit, but most people have reported getting it back in about a week.

Kurt
 

Hfnole

newbie
Joined
Jan 4, 2021
Messages
7
Reaction score
7
Points
3
Resorts Owned
Hilton Grand Vacations
Thanks, I read somewhere that they should send to back within 20 days.

Should I include a copy of the purchase agreement in my letter?
 

BingoBangoBongo

TUG Member
Joined
Oct 6, 2020
Messages
1,007
Reaction score
794
Points
173
Resorts Owned
HGVC: Elara, Kings Land, Valdoro Mountain, the District
Thanks, I read somewhere that they should send to back within 20 days.

Should I include a copy of the purchase agreement in my letter?

I would add a contact number in the letter.
 

natarajanv

TUG Member
Joined
Jan 15, 2009
Messages
636
Reaction score
294
Points
423
I will rescind this however I do have a question. My understanding was that if I have an EOY deal my MF fees would also be EOY. Is that correct or did they lie to me?

That is correct , but still have to pay the Annual membership fee every year
 

GT75

TUG Review Crew: Veteran
Moderator
Joined
May 30, 2016
Messages
4,310
Reaction score
2,780
Points
598
Location
Gig City in Tennessee
Resorts Owned
Legacy HGVC
FAVC-Cabo
My understanding was that if I have an EOY deal my MF fees would also be EOY.
Yes, that is true but your club dues (currently $186) are every year.
 

heitmullerj02

TUG Review Crew
TUG Member
Joined
May 11, 2019
Messages
132
Reaction score
103
Points
103
Resorts Owned
Sheraton Vistana, HGVC Carlsbad
I purchased 5K Hilton points resale for $100 on Ebay, every year. Maint fee is $1300, I get a 2 bed lockoff every year. Rescind now.
 

brp

TUG Member
Joined
Oct 23, 2007
Messages
3,995
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Location
Bay Area, CA
I purchased 5K Hilton points resale for $100 on Ebay, every year. Maint fee is $1300, I get a 2 bed lockoff every year. Rescind now.

Indeed. While the MF ratio is high on your unit, the very low buy-in means that it will be a number of years before that catches up with you. This seems like a good deal for the 10-15 year horizon.

Cheers.
 

Bazeball

TUG Member
Joined
Jun 12, 2013
Messages
4
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1
Points
213
Location
Greater Cleveland
My wife and I purchased an HGV membership today. We purchased 3,400 points every other year (EOY) with a $700 MF for about $16k. We also received 10k bonus points with the purchase

After reading some consumer reports and forum posts, my wife and I are concerned that we made a bad decision.
Our concerns center around:
exiting/reselling - if we come into financial hardship or are children inherit the membership and do not want it, can they get out of it? Are their fees for terminating the membership? I did see you can resell it but would have to pay some fees and that HGVC would have Right of first refusal.
availability at other HGVC resorts - our home property is a Vegas resort, we will most probably never want to stay there. We predominantly want to use our points to stay in their ski properties during ski season (Sunrise, Valdora). Will it be impossible to book at these resorts during ski season? Is it easy to use our points at non-home properties?

My wife is pregnant now and we are trying to purchase our first home now so I want to make sure we are making the right decision. We have 5 days to cancel the contract according to the contact.
Also, it appears to me that we could get a much better deal through the resale market. I look forward to hearing everyone’s experience and opinion on the program.

I agree with everyone’s suggestion . By the way, if the ski resorts are your primary reason, it will be VERY difficult to book those in ski season without owning there, so wait for a resale to open up at one of those locations .

Be careful on eBay but good deals are there . Judi Kozlowski http://www.judikoz.com/

is a safe option to save money on a fair deal . I bought on eBay several years ago but did significant diligence on the agent.


Sent from my iPhone using Tapatalk
 

Wright17s

TUG Member
Joined
Jun 7, 2020
Messages
109
Reaction score
98
Points
88
Location
Minnesota
Resorts Owned
HGVC Elite Premier; Valdoro x6, Trump, Paradise, Sunrise Lodge
I agree with everyone’s suggestion . By the way, if the ski resorts are your primary reason, it will be VERY difficult to book those in ski season without owning there, so wait for a resale to open up at one of those locations .

Be careful on eBay but good deals are there . Judi Kozlowski http://www.judikoz.com/

is a safe option to save money on a fair deal . I bought on eBay several years ago but did significant diligence on the agent.


Sent from my iPhone using Tapatalk
Am I the only one that always gets this error on Judi’s website?

FC73DABD-CA8D-4B07-9359-905F6BE68532.png
 

GT75

TUG Review Crew: Veteran
Moderator
Joined
May 30, 2016
Messages
4,310
Reaction score
2,780
Points
598
Location
Gig City in Tennessee
Resorts Owned
Legacy HGVC
FAVC-Cabo
I also get that error message on Chrome.
 

gwlane1

newbie
Joined
Sep 12, 2020
Messages
1
Reaction score
0
Points
1
Resorts Owned
HGVC Tuscany
HGVC on the Boulevard
HGVC Ocean Oak
I will rescind this however I do have a question. My understanding was that if I have an EOY deal my MF fees would also be EOY. Is that correct or did they lie to me?
I just sold an HGVC ownership at HGVC on the Boulevard for $4500. 7000 Platinum points for EOY. To answer your question, the fees are only paid every other year as well. My Maintenance was less than $1000 every other year. It would be best to Rescind and look for something on the resale market like here on TUG. Some websites are asking an unreasonable price for ownership on the resale market but TUG is an excellent resource. Don't know if I can say this here, but Redweek is also an excellent and reliable resource.
 
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