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Vidanta time share advice

wahequad2

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Resorts Owned
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Hi I need some help. I am currently staying at Vidanta Riviera Maya. I attended their sales presentation today. I was offered 2 weeks 1 bedroom studio at vidanta resorts + 4 weeks via sfx exchange at $ 13,000 usd + 150,000 points holiday inn club vacation(hicv) valued at $38,000. I am supposed to go back tomorrow to sign the contract and start the paper wok to transfermy hicv ownershipto them. I came to vidanta grand mayan for 1 week stay using my hicv/rci exchange program. Let me know your suggestions. Thanks
 

rboesl

TUG Review Crew: Expert
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Resorts Owned
Divi Village Beach & Golf Resort
Vidanta Grand Mayan
Villa del Arco Cobo
Grandview Las Vegas
Vacation Village at Bonaventure
As a current Vidanta owner I would recommend you not sign on the dotted line. Vidanta resorts ARE beautiful. But, they don't give you the flexibility you currently have with HICV. And, SFX does not have resort reach you currently have with RCI and HICV.

You will also find that when you are ready to no longer be a member they make it extremely expensive to sell it on the secondary market. Forcing you to wait for the renewal period to come and go to get out.

Yes, you don't have an annual maintenance fee. But, to some degree you've paid those up front and then pay a higher reservation fee to return when you decide you want to go.

Keep the money in your pocket. Use RCI to go to a Vidanta resort when you want. And use your HICV membership to go to other locations when you don't.
 

wahequad2

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As a current Vidanta owner I would recommend you not sign on the dotted line. Vidanta resorts ARE beautiful. But, they don't give you the flexibility you currently have with HICV. And, SFX does not have resort reach you currently have with RCI and HICV.

You will also find that when you are ready to no longer be a member they make it extremely expensive to sell it on the secondary market. Forcing you to wait for the renewal period to come and go to get out.

Yes, you don't have an annual maintenance fee. But, to some degree you've paid those up front and then pay a higher reservation fee to return when you decide you want to go.

Keep the money in your pocket. Use RCI to go to a Vidanta resort when you want. And use your HICV membership to go to other locations when you don't.
Thank tou very much this is very helpful.
 

wahequad2

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The reason i was considering it was with hicv we have access to around 20 resorts in US. Most of the time when i searh RCI exchange via hicv the options are limited. I was told that SFX is much better than RCI in terms of availability. But you are right i currently pay $1550 maintenance fee and i have to $99 reservation fee for HICV resorts and $299 for HICV/ RCI exchange resorts. So i generally pay $2000 and able to book three weeks of vacations at different places. If i go with vidanta there is no $1500 maintenance fee. However i need to pay $900/$1250 usage fee for vidanta resorts for 1 week reservation. And $ 499 - $799 reservation for SFX vacations. So I might end up paying > $2000 if i want to use 6 weeks of my available vacation weeks. They are saying that vidanta is better quality than HICV points system and they are suppose to expand as they build the kingdom of son resorts and theme parks.
 

Eric B

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Vacation Village, Wyndham, WorldMark, Vistana, Vidanta, Flora Farms, HGVC Max, and some independents
I was told that SFX is much better than RCI in terms of availability.
This is not true. SFX has fairly good availability in Mexico but rather poor availability in the U.S. You also cannot search the inventory they have so will be unable to verify whether they have what you want when you are deciding where to deposit your week for an exchange. You can get SFX membership without buying from Vidanta and see for yourself.

+ 150,000 points holiday inn club vacation(hicv) valued at $38,000.
The "trade in your old timeshare" gambit is a frequent selling point/scam with Mexican timeshares. They don't want your timeshare and will not take it off your hands. Instead, they will provide your information to a third party timeshare disposal company that will try to charge you a fee and merely advertise the timeshare for sale or try to give it away on Timeshare Nation. They will never have you transfer the timeshare to them because they don't want it. If you think back to the sales presentation, they never requested any proof of ownership from you for that timeshare, did they? What for profit organization can you think of that would give you $38,000 in credit for something that you only told you that you own but didn't prove you own? If you search through this forum you will find many threads with people documenting their transactions with Vidanta in which they still have their old timeshare (I'm one). It is amusing when as part of the transaction the third party company tries to sell you the old timeshare that they were supposed to move to someone else.

They are saying that vidanta is better quality than HICV points system and they are suppose to expand as they build the kingdom of son resorts and theme parks.
They are building new resorts, but at a much higher level than the entry level you would be buying in at. They are also building them rather slowly - their resort in East Cape near Los Cabos was supposed to open years ago but they have barely started it. The theme park in Nuevo Vallarta was supposed to open in 2018. They do have very nice resorts, but the Vidanta way is to get you on a never ending upgrade process in order to access the higher levels - if you purchase with them they will prevent you from exchanging into any level of the resort above what you own. If you don't own with them, you can exchange into whatever level your exchange system is affiliated, though they may limit it to 1 in 3 years, etc. Bottom line is that it is way less expensive to exchange into a Vidanta resort than it is to reserve as an owner even after you have paid to be an owner.
 

T-Dot-Traveller

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Canada
Resorts Owned
Mayan Palace Regency
Taranova
.... attended their sales presentation today. I was offered 2 weeks 1 bedroom studio at vidanta resorts
Vidanta studios are basically a hotel room. [The are the lock off portion of a 2 bedroom]
You get a coffee maker & a 6 pack fridge

The usage fee per square foot is higher than a 1 or 2 bedroom. The buy in cost is lower - but in my opinion buying a studio is like when car dealers
sold the stripper version vehicle - no air conditioning -wind up windows -manual shift - basic engine.

[You will have less space and have to pay full (on resort) restaurant price for all your meals.]
+ 4 weeks via sfx exchange at $ 13,000 usd
+ 150,000 points holiday inn club vacation(hicv) valued at $38,000. I am supposed to go back tomorrow to sign the contract and start the paper wok
@Eric B gave you a good explaination of SFX and trade ins.
 
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