187Mustang
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- Joined
- Jan 8, 2025
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Good Morning,
My wife and I have recently purchased a small package through Holiday Inn Vacation Clubs. Short background, we have been through two blue green vacations presentations and do like the idea that they present. The 2nd time we ended up purchasing but rescinding due to the information overload and seeing how cheap they can be had on Ebay and such. However seeing some of the restrictions on the resale required more research and it seemed that buying used with a charter membership really wasnt that much cheaper than what we had purchased. I have a friend who has a bluegreen timeshare and likes it but his yearly fees are outragous. He is double platinum and pays around $15k a year in MF.
So on to the current situation. Last friday while in Cape Canaveral we attended the HIVC presentation and liked that their resorts include lazy rivers, water parks, putt putt, and theaters that are reported to be all included and free to members. The salesman wasn't near as pushy as they bluegreen salesaman was and the manager was not pushy at all which helped but there is a lot of information to take in.
So here is what we ended up with and our thoughts on how we would use it. We purchased 30k yearly points and received 30k bonus points for $7490. We can purchase 50% of our points- 15k for $150 per year or borrow from the next year. We can exchange through RCI and IHG. There is a 5 to 4 exchange rate to IHG so I understand I will lose 20% of the points I role over but it is better than losing them. I would likely try to rent a stay for a friend then lose the points. They gave us 20k in IHG points and $180 cash back. We purchased last friday and still have time to rescind.
Now, I know that I can purchase resale but it is confusing to me regarding the three locations to purchase, deeded vs trust, etc. Our yearly membership fee is $169 and our taxes and maintenance fee is $371. We purchased our points which came from a resort in texas and we did not get a deed so I am under the impression that we purchased from a trust.
My tenative plan on how we will use it would are as follows: Needing 2br due to space of my wife and two kids. We would skip planning on holidays and Friday and saturday to save points. We would use last minute deals for the under 20k points for 7 night stays or last minute cash deals after we have used out points. My kids are younger and in school so we would plan with last minute deals around spring break, mid winter break, and or Christmas break. Two months is enough time for us to make accomodations. We could book Sunday or Monday through thursday. This would allow us to avoid friday and saturday high point days. Also to be able to travel, leaving on a friday or saturday and arriving on a Sunday or Monday. Summers are pretty flexible as to when I can take time off work. We were told that HIVC has now partnered with Bluegreen and we would have access to some of their resorts as well. Anyone know if this is true?
I do not have a problem with the $7900 expense and the $540 in club and MF fees a year even though I could likely save some money after a lot of research and strudying etc. I don't mind the $150 for the extra 15k points per year if needed or the booking fee for the time or two per year that we are going to use it. My main concern is will 30-45k points allow us to do one to two 3-4 day vacations per year using as laid out above. Do most/all of HIVC have free amenities, like water parks, pools, theaters, etc or do you actually have to pay. I guess my big hang up is more about, is it a bait and switch and the points we have won't allow us to vaca as laid out above which they demo can be done, are the resorts crappy or good, am I really able to get into the RCI resorts easily? Like I mentioned above, if I can use it as we think we can (laid out above) I will keep it. If were were lied to and this is really unrealistic someone with experience please let me know.
Also, by keeping what I have is there an easier, cheaper way to buy additional resale points down the road if we find we want to vacation more, or would those be limited to the resort they are purchased from.
For those who use HIVC are you happy with it or would you recommend bluegreen. If I do rescind would it be better\easier to buy bluegreen on resale vs HIVC. My wife seemed happy with the HIVC amenities and pricing and plans to use it as long as it fits our need so we are hoping we do not need to rescind and can use it as long as our plan will work. If 30-45k points just isnt going to cut it then I'll cut my losses before I have to fight to get out of it. I did like the amenities and pricing better than Bluegreen. It seemed the points we would have gotten with Bluegreen were less than we have now, purchase price, and maintenance fees, were much higher, and there was too much to take in and tons of paperwork that had too many hidden details to sort through in the short amount of time we were given. I actually felt pretty good about the HIVC deal and expenses are within our means, just worried we were given false info regarding our package capabilites. My wife has been through all three of these with me and is at the point that we keep it if it will work, if not she is done dealing with them and we will pay out of pocket for everything. It seems in 2025 that HIVC is making it real hard to buy resale points and make them usable without jumping through a lot of hoops that I really do not want to deal with.
Long first post but after reading some post on here you all seem very helpful. Thanks for taking the time.
My wife and I have recently purchased a small package through Holiday Inn Vacation Clubs. Short background, we have been through two blue green vacations presentations and do like the idea that they present. The 2nd time we ended up purchasing but rescinding due to the information overload and seeing how cheap they can be had on Ebay and such. However seeing some of the restrictions on the resale required more research and it seemed that buying used with a charter membership really wasnt that much cheaper than what we had purchased. I have a friend who has a bluegreen timeshare and likes it but his yearly fees are outragous. He is double platinum and pays around $15k a year in MF.
So on to the current situation. Last friday while in Cape Canaveral we attended the HIVC presentation and liked that their resorts include lazy rivers, water parks, putt putt, and theaters that are reported to be all included and free to members. The salesman wasn't near as pushy as they bluegreen salesaman was and the manager was not pushy at all which helped but there is a lot of information to take in.
So here is what we ended up with and our thoughts on how we would use it. We purchased 30k yearly points and received 30k bonus points for $7490. We can purchase 50% of our points- 15k for $150 per year or borrow from the next year. We can exchange through RCI and IHG. There is a 5 to 4 exchange rate to IHG so I understand I will lose 20% of the points I role over but it is better than losing them. I would likely try to rent a stay for a friend then lose the points. They gave us 20k in IHG points and $180 cash back. We purchased last friday and still have time to rescind.
Now, I know that I can purchase resale but it is confusing to me regarding the three locations to purchase, deeded vs trust, etc. Our yearly membership fee is $169 and our taxes and maintenance fee is $371. We purchased our points which came from a resort in texas and we did not get a deed so I am under the impression that we purchased from a trust.
My tenative plan on how we will use it would are as follows: Needing 2br due to space of my wife and two kids. We would skip planning on holidays and Friday and saturday to save points. We would use last minute deals for the under 20k points for 7 night stays or last minute cash deals after we have used out points. My kids are younger and in school so we would plan with last minute deals around spring break, mid winter break, and or Christmas break. Two months is enough time for us to make accomodations. We could book Sunday or Monday through thursday. This would allow us to avoid friday and saturday high point days. Also to be able to travel, leaving on a friday or saturday and arriving on a Sunday or Monday. Summers are pretty flexible as to when I can take time off work. We were told that HIVC has now partnered with Bluegreen and we would have access to some of their resorts as well. Anyone know if this is true?
I do not have a problem with the $7900 expense and the $540 in club and MF fees a year even though I could likely save some money after a lot of research and strudying etc. I don't mind the $150 for the extra 15k points per year if needed or the booking fee for the time or two per year that we are going to use it. My main concern is will 30-45k points allow us to do one to two 3-4 day vacations per year using as laid out above. Do most/all of HIVC have free amenities, like water parks, pools, theaters, etc or do you actually have to pay. I guess my big hang up is more about, is it a bait and switch and the points we have won't allow us to vaca as laid out above which they demo can be done, are the resorts crappy or good, am I really able to get into the RCI resorts easily? Like I mentioned above, if I can use it as we think we can (laid out above) I will keep it. If were were lied to and this is really unrealistic someone with experience please let me know.
Also, by keeping what I have is there an easier, cheaper way to buy additional resale points down the road if we find we want to vacation more, or would those be limited to the resort they are purchased from.
For those who use HIVC are you happy with it or would you recommend bluegreen. If I do rescind would it be better\easier to buy bluegreen on resale vs HIVC. My wife seemed happy with the HIVC amenities and pricing and plans to use it as long as it fits our need so we are hoping we do not need to rescind and can use it as long as our plan will work. If 30-45k points just isnt going to cut it then I'll cut my losses before I have to fight to get out of it. I did like the amenities and pricing better than Bluegreen. It seemed the points we would have gotten with Bluegreen were less than we have now, purchase price, and maintenance fees, were much higher, and there was too much to take in and tons of paperwork that had too many hidden details to sort through in the short amount of time we were given. I actually felt pretty good about the HIVC deal and expenses are within our means, just worried we were given false info regarding our package capabilites. My wife has been through all three of these with me and is at the point that we keep it if it will work, if not she is done dealing with them and we will pay out of pocket for everything. It seems in 2025 that HIVC is making it real hard to buy resale points and make them usable without jumping through a lot of hoops that I really do not want to deal with.
Long first post but after reading some post on here you all seem very helpful. Thanks for taking the time.
