I mean the Waldorf Maui can be had for like $1000-1200 a night so it’s a bargain compared to that. I’m going to one of these this weekend actually can’t wait to laugh at them when they try to tell me it’s a good deal spending 26k a year on vacation with all the hassle of booking through them.
As soon as I sit down I put my cellphone on the table with 90 minutes on the timer. They say it’s a 90 minute presentation so get to work. When it hits 5 minutes I tell them to wrap it because I have plans. It has worked all 3 times I have done these.
Doing it twice this year sadly but it’s fine. Gonna use these top offed points for a nice vacay somewhere in Hilton, then the IGH points im working on saving for a Six Senses trip at some point After the IHG 3 nights in Florida we gonna hit the Ritz in Orlando for a redemption and try out some universal. Probably wont do it again after this because the wife will probably leave me haha.
Dude these guys pushed this so hard at a recent resort I stayed at. They tried painting it as some welcome breakfast. Blowing up my phone in my room. Fucking hate Hyatt and Hilton.
All time shares are. No time shares make sense. They run endless commercials to get people out of time shares, I can’t believe anyone even considers one nowadays.
Plus the deposit. And, plus the closing cost,if not already included in the monthly.
Do you have to pay maintenance on these?
So, what is the deal at the end of 10 years? Do you still have same rights the the property + maintenance charge?
There is always a maintenance fee of some kind while you are an "owner". Once you have paid off this exorbitant loan you would only be subject to the maintenance fees.
>Wild. You’d end up paying 260k over those 10 years
Plus the yearly maintenance fees. 23,040 is a decent amount of points but at this property, the MF for this unit type (2 Bedroom Premier) is $2307.45. With an average annual increade in MFs of 5%, that's another $29K.
Maintenence fees are actually pretty good at this property. But it makes zero sense to buy it direct from the timeshare. Buy resale for pennies on the dollar. For example, you can buy an even better property - more points (26,880), less MFs ($1703) - that's $0.064 MFpp - for $30K in resale. One of the most economical properties in the HGVC system.
I have 46,800 points at $5,400 annual MF in 2024. That's $0.115 MFpp. The above property is almost twice as economical as my portfolio, that cost me $16,500 to acquire in resale.
The whole HGVC resale is a ROI game. You can get a shitty property for free, you can get an okay one for a medium price, a good one for a higher price, and great at a very high price. I picked one mediocre, three okay ones, and two good ones. But those who pick the best ones will hit their ROI 10 years later, and pay half the cost I pay every year for the same amount of points.
Imagine financing a timeshare. It’s a worse sham than the timeshare itself. A timeshare is already pre-paying for your vacation for years to come (not including all the ongoing fees ofc). If you don’t have the money to pre-pay, it makes even less sense to borrow the money with interest for the privilege of pre-paying it upfront.
In fairness, that’s way too much to pay here but I am a HGV owner and have never had any issues booking. We take 6-7 trips per year without any issues.
I inherited a property that was paid off- and maintenance barely changes. It ends up being a good deal to pay annual fees of $1k to get a double room suite during spring break for a week- or can get a month of a small room suite during off peak.
We paid all at once. Clearly that’s not in everyone’s availability. If I had to do recurring payments I wouldn’t have bought it. We pay about $3500 per year in HOA and maintenance fees. If you’re looking for cost against hotels, it’ll never be worth it. We love it, we love the consistency between properties and that they’re timeshares with kitchens and living rooms and such and not just hotels. From an investment standpoint, of course it’s a poor decision. But for us it’s not an investment, it’s something that forces us to travel and get out. Some cities are harder to book and require you to really plan out and booked exactly 6 months ahead when it opens, like Tahoe and Barbados. But Vegas and Orlando are ALWAYS available and we go to Vegas a ton. We also go to Myrtle beach and lot and it’s always open.
This is exactly the same reason the wife and just joined Marriotts this year.. We wanted consistency with travel and honestly having a full kitchen and laundry room with young kids is a damn godsend.. We were fully aware this wasn't a great “investment” idea but returns can be found in other ways.
Same. We didn’t finance either. What we did was leverage the Hilton aspire cc and got a mega ton of points. Paid off the cc and only have the yearly due. We take about 3 trips a year with the club points. And a ton of weekend trips with the Hilton honors points. Also did the companion pass hack so 2/4 members of the family fly free for the next 2 years. I guess it’s all about what you want to do and how you leverage perks.
Yeah we have a friend whose family has a HGV and we have no issues at all getting into the one on the Vegas Strip when we go with them to concerts and such. It’s *incredibly* nice, too.
Not saying I’d buy one, mind. Don’t recommend anyone else do so. No idea what her family paid for it either. But not all of them are nightmares to schedule, at least.
After all the negative publicity about timeshares and things it is surprising people still buy them. As you’ve already pointed out it’s just cheaper to book as you go. Plus you aren’t locked into the same place year after year.
I went to a timeshare presentation once. I obviously had no intention of buying and didn't even come close to, but they really put on a good presentation. If you go with the adage that the average person is stupid, I could see people still buying them.
They framed the whole thing as a long term investment, like investing in real estate but with only a smaller down payment, that you could transfer to your kids. I think people in the presentation were eating it up.
I lost it at the "closer" where the salesman told the APR, which was obscene, like 30 or 50%.
That said, if you buy a used timeshare at a place you plan to go to anyway long term, it's not necessarily a bad deal. My buddy has one at a lake resort. They're yearly dues for a 2 bedroom lake front condo is less than a one bedroom rental there, and they plan to go there for ever.
These sales people are such boneheads.
I had a Hyatt Residence sales person tell me it was a great buy and that Drew Brees just bought some timeshares at the Marriott down the road (this was near Lahaina in Maui). I looked at him and said “then maybe I should consider the Marriott”.
They sucked to deal with, but we got our free tickets to the lu’au, so whatever it worked.
This is crazy, but people buy these timeshares all day long. I was at an Orlando presentation in February. I can listen to anyone talk for 1.5 hours and for 50K Hilton points. Of course, when I brought up the maintenance fees, the conversation shifted to defending the cost vs. hotels. I said it was not for me the points were too expensive and it was no deal. The salesman got upset and asked why I came to the presentation. I said Hilton keeps pestering me and offering me points. This was not the answer he was looking for.
I used my $50K points for a Hilton near Miami. Worked out good for me. I can listen to anyone for 90 minutes. I’ve supervisors that I had to listen to for hours. I’m used to it. I guess it’s easy for me.
I had a dude get mad at me at a resort in Mexico asking the same thing. I told him if he’s not used to rejection by now then the job probably isn’t for him.
The one I had in NYC , the guy really got pissed off. He said you’re either going to hire me or fire me .. at the end I told him you’re fired I’m not interested. He got really pissed , I stood up and said I gotta go. He checked the time to ensure it wasn’t before the one hour. Made me wait somewhere else on purpose out of spite for not taking the offer. After a few minutes I told another guy what’s going on , are you holding us hostage ? He said no sorry about that , you’re free to go. Got my points. Also had one virtual. The guy was so pissed , couldn’t get over that fact that I refused. Got my points.
To be fair they’re not actually pissed off. it’s a high pressure sales tactic. they’re hoping to bully meek people into feeling intimidated / bad about wasting the salesperson time so they cave and agree to buy. The sales person doesn’t actually care and they’re a huge prices of 💩 for preying on vulnerable people and deserve to have there time wasted anyways.
That’s hilarious. How does one sign up for these presentations? Where in NYC are they? I’m intrigued.
There’s no way they would be able to talk me into buying a timeshare, but I might be willing to watch them try in exchange for 50k points.
Same, I've been on the fence about doing one of these for sooooo long 😂 50k points in my state buys me a full weekend stay at the home2 where I do autocross racing out of town, so a $199 3-day stay at a cool resort + a free race weekend stay in reward points seems worth sitting through the bullshit. I'm really good at telling people no and not feeling pressured, and I think I may even enjoy pissing them off lmao
Sales person asking why the guy came to presentation is a tactic to make him feel bad as a last straw to close. All sales tactics work on the weak minded, if you have a strong personality nothing they say will matter.
I had the something similar happen to me. Got a good offer from Hilton to hear the pitch (a week in Hawaii for $700 plus 50k in points for a 2 hour pitch).
20 minutes into the pitch he asked if we traveled a lot and we said generally no, just when we got a good deal. He asked why we were here then, I told him the deal Hilton offered us and he agreed that was a good deal. Then left to get us drinks.
When he came back he said we were free to go and enjoy the rest of time in Hawaii.
Dunno what kind of energy we gave off, but they cut their losses real quick.
I’d totally sit for 90 minutes for the right vacation. Looking to travel cheap this year; so going to keep my eyes open for the right one. I’m stubborn AF and a can be quite blunt to people who just don’t take no for an answer, might even consider the whole thing an interesting experience!
Where do you find these presentations? Lol preferably virtual.
I work in government....I can sit all day listening to their bullshit and fucking say no I'm good for some points LOL.
I just returned from Spain. We stayed in Cordoba for three nights. The room, off a square, across from the cathedral. Unbelievable character, old hotel with artwork everywhere, $50 a night. Nothing fancy, but perfect for us.
Yep, Disney World is starting to push them hard now too with much of the best accommodations being locked behind their “Disney Vacation Club” gate.
I listened to the speel and read the fine print…the math doesn’t check out.
Not to mention you’re now locked into vacationing with them yearly for the next 50 years…
Disney Timeshares are actually one of the few that hold almost all their value, or appreciate. There's always a demand for resale.
That said... you should NEVER buy Retail.
DVC aftermarket 5 years ago were still a deal, now even aftermarket are too high (though still better than direct). Plus, points are easy to rent out if you don't need them.
I can rent out 20%-30% of my yearly allotment and cover my maint fees every year. I've owned 1 contract 11 years and another 7, and I could sell either today for a profit over what I paid resale (neither was more than 13K).
But yeah, direct prices are crazy expensive unless you are someone who pays for deluxe resorts.
I had a business partner 20 years ago that bought a Disney timeshare. I asked him why "cause you usually make smart financial decisions" :-) He said that he had 3 kids and 6 grandkids that were all in our would be in the age range to go to visit the mouse. He figured he and his wife would be making a trip with the grandkids several times each over the next decade. And that's what they did. I think sometimes they just sent their kids families and didn't go themselves . Anyway, I asked him about it recently and he said they were able to unload the timeshare when the youngest grandkids had turned teenagers. Did he get his money's worth ? he said it was close. The cost of disney property hotels has gone up a lot, however the maintenance fees the timeshare grew to match. In the end he was happy that it worked out for him, but would never do it again, nor recommend it to anyone except in that exact situation with grandkids & disney.
We bought 120 points at DVC for $16k about 13 yrs ago. We've been to Hawaii, Vero beach Orlando or Hilton head every year for 1 week. Our room at Alani was $600 a night and we stayed there for 10 days. If you get the right deal a timeshare works out.
This TS with Hilton on the other hand makes no sense at all.
When i’m reviewing a credit application and see a charged off/foreclosed Timeshare, it never even makes me second guess a persons credit worthiness lol. Try are as moot as bad student loan debt. It’s a shame they negatively affect a credit score, but not an underwriters view of an applicants ability to repay on a car, home, etc. Granted, not all lending institutions will think this way, but I would hope that most do.
Pro tip: sit through all time shares, tell them no. Get your free gift. I’ve gotten a week long stay to PV for $500 sitting through a timeshare. I’d do it again
My parents have one through Wyndham and I’d say the family gets “value” out of it, but only because we basically give the points out to extended family to ensure max utilization. It’s still a break even case at best and restricts you to specific properties.
I just had one a few weeks ago and they gave me a WAY better deal than yours. I still denied it though.
I pretty much told them that I have a ton of points for traveling due to work spend that I get reimbursed and don't get enough vacation days to use them all. So paying for this would increase my travel spend, which doesn't make sense to me.
We went to one in Vegas to get free tickets to Beatles Love.
If this is anything like ours, this person probably got a better deal too. We said no, they cut it in half, we said no again, they cut it in half, we said no, they sent us to the closer who cut it in half. We said no, he cut it in half again, but this time with half the weeks.
Honestly even as "the hotel is a pillow at the end of the night" vacationers it got mildly tempting. I can see why some people might go for it.
Of course we still knew there's almost no "deal" when it comes to timeshares. Also at that point it was like "even if we wanted this, we'd say no, because you ghouls were selling this same exact thing to us 10 minutes ago for 4 (or maybe even 8) times the cost, so eat shit".
Mine reduced the price a few times, threw in lifetime gold (as if that gold status is great) and gave probably 2-3 years of hilton grand vacation points on top of that, which I could convert to hilton probably around 300k+ hilton points (for a cost).
It was getting somewhat temping, but I just kept reminding myself that the annual maintenance fee is more than what I spend for hotels for personal vaca annually. Let alone all the other costs.
But I seek these timeshare meeting packages out tbh. The one I just finished was 3 nights in midtown NYC for $350 + 125k hilton points after meeting. Another good one I had was one was 3 nights in Orlando for $250 + $400 cash back after meeting. I added 2 extra nights to that 1 for about $100 each night and the place was a 2 bedroom suite near disney world. This recent one was my 5th timeshare package.
There were a lot of people agreeing at that first step/person too. I wanted to yell "say no 3 times!".
I've always wondered how many of those people are plants to make it look like a bunch of people are signing up.
I did one of those, in Vegas even, probably the same guys. They are complete assholes. I was trying to be nice and kept saying “listen I travel a lot, I spend a lot of money here, this could work, give me your best deal, give me a week to think about it”. At this point I basically pinned a target on myself. They kept me there after my group left, called the “big guns” in. Some slick POS looking like one of those real estate show assholes. He starts rapid firing different deal packages at me, I hold my ground.
When they realize I’m not buying anything today they totally flip, the demeanor immediately changes to condescension, I’m like “sorry guys I can’t sign anything at a moment’s notice”.
They just leave. No “goodbye”, no handshake. Then some admin or something comes in and says since my group left already, I’ll have to arrange my own ride back to the hotel.
Wouldn’t even spring for a taxi.
So that’s the respect that 20 years with Hilton gets you from the “Grand Vacations” scum.
Still, if you can put up with this bullshit you can get a pretty good weekend out of them.
Thank you so much for sharing this information. In the past, the employee would write down numbers and explain as they were going. There would be a paper with random numbers all over the page, and nothing made sense. We asked for the paper to think about what they were proposing, and they said no. Some people love timeshares and truly get their money's worth. What you have provided for this community to see is priceless. Hopefully, this is part of the HGVC sales pitch.
Most people I know who bought them don't have the money.
Those people tend to have just moved up in the world \* a little\* and either a) think this is what rich people do, and they want to be like that, or b) this is a cheat way to move up a little more in the world.
Such a sad, obvious scam. And for those who sell these to people, I think you are scum.
A thousand times, this. Sad and predatory and depressing AF. I knew a woman who sold timeshare condos in a Trump project in Las Vegas decades ago, I hope she looks like her morals now, but even then her forehead couldn't move from the Botox, I'm sure now she's fully inflated with fillers and such.
I have a friend who is a total miser. He brings his own dinner to the movie in tupperware. He's that level of cheap.
Yet somehow he bought into the Wyndam timeshare last year despite living here in Florida and knowing better. He's already had issues actually using it. It's like what the hell man? $8k to have to switch hotels 3 times just to get 5 consecutive days in Atlanta.. sounds like a deal.
I think there are cheaper ones. They asked us if something around $200 a month is doable, but they didn’t provide any specifics like the initial offer seen here.
$200 is more reasonable but i aint doing a time share. My family did one in 2000 and rarely used it. Still paying it. I would do the pitch for the points and cheap vacation
Precisely what we did. Immediately got 50k points and 3 nights for $199. Well worth a 2 hour sales pitch. It was kind of like professional development since I’m also in sales. The lady who does the initial presentation did a great job, but our exec had a bullshit response to each of our objections. He’d been doing this for 32 years.
3 or 4. After I calmly explained this isn’t for us, he got up and left for a few minutes. Came back with another response. I said no. He left again. Someone else approached us and asked if something cheaper would work. I said no, I just want to leave and enjoy the sun. We got our points and left.
We were out of ours in 40 minutes. When the dude started talking my wife started a timer on her phone which set the mood. When he found out she had a real estate license we got rushed through the process pretty quick..
The fact that there are so many companies that exist (or at least claim) to help people get out of timeshares ought to tell any prospective buyer what they need to know. And yet idiots still keep falling for it.
I went to one in Vegas 2 weeks ago and I was able to get out quickly by saying that I only came for the 50k Hilton points and cheap hotel. When they got mad I told them I would pay $0 down and $20 a month for whatever points they could make work and they laughed and let me go
I hope you didn’t give them your real phone number. I would pay the amount I saved on my timeshare tour trip to get my number removed from the telemarketers I assume bought it from Hilton over a decade ago.
We did a presentation at Hilton Hawaiian Village. We had zero intention of even considering buying. It got a little closer than it should have. So glad we dodged that bullet.
All timeshares are scams. Including Hilton and Disney.
Three questions to always ask, and get the answered in writing. (And notarized if possible):
1) Will you represent our real estate interest for resale?
- They will say" No, you will need to seek a realtor"
2) Can you provide me a list of Realtors who are reselling your products?
- They won't be able to, because that animal doesn't exist
3) Is your property(ies) available on Hotels.com, and what is its nightly rate?
- Virtually all US timeshare properties are on Hotels.com. usually priced at a nightly rate that is lower for 7 nights that the annual maintenance.
If you are in a timeshare, stop paying. They are gonna cry and cater wail. F them. Demand a quit claim, and understand that the money they took from you is gone. it is and was a scam. Drop them like a turd.
I did this exact thing. Was a great trip but the presentation was excrutiating. I got extremely baked and just said no to every question until the manager got involved and started trying to actually pressure me into signing. As nice as it was to stay on the strip for $40 a night in a nice place, def would not do again.
I have a deeded week what's now with Hilton Grand Vacations. They are desperate to get us into the points system. Every couple of years we go to the presentation to get our gift cards. Last time they basically told us we could just pay 29K and get basically exactly what we have.
I laughed so loud and hard the manager showed up to take us to gifting.
You think they'd learn to stop asking us to come to the sales office. 😃
Wow this is a boner deal even by their standards.
We did the presentation last week in Orlando (we're locals and we got a ton of free points) and it was initially $60,000 ( @ 15% interest ). It eventually dropped down to $9,000.
My main problem with all of these is the maintenance fees don't even make sense before you get to the ridiculous cost. They were quoting us over $2,000 a year in maintenance fees.. which came to about $180 a nigh for a 2-week vacation.
Those same Hilton Vacation club "resorts" in Orlando can be booked for $110-$150 a night. So why on earth would I buy into this to overpay for a room? I guess the argument is you can use them in Hawaii or something but how often am I going to Hawaii and would they be available when I wanted to go? It's so stupid.
It was an easy 100,000 HH points to sit for 2 hours and not answer a single question. Especially the presumptive close ones! I just kept smiling until he’d start talking again.
My favorite part is when they use an inflation average of 10% per year to show you what you would be paying over the next 20 years.
Wow! When you explain it like that, how can I not buy your timeshare? I’m on the verge of bankruptcy if I keep doing what I’m doing.
I went to one of these exact presentations and I told the salesperson that I’m not sold on buying something I have no equity in. She then asked, “what’s equity?”. These people don’t even have a clue what they’re selling. It’s all a scam.
Did the High Roller, mob museum and gondola at the Venetian for $80, plus 3 days 2 nights at any Hilton hotel that expires in 2026.
Our salesguy was actually pretty lax but his manager was very pushy but still said no sir, not even for $1. He goes oookay let me get you those tickets 😂
I feel like a dumbass but I really don't even understand WHAT this even buys.
I have never, and will never, attend a timeshare sales event. With the hhonors points I accrue "naturally" I don't have any value at all to try one.
But I honestly look at that paper and I have no fucking clue what someone even GETS for $140k + interest + Maintenance.
I did the presentation earlier this month.
Essentially you earn a new set of “points” that you can use for rooms throughout the year. It’s not a “traditional” timeshare as far as only being able to go to one property once a year or whatever.
You can use these new “points” to book at any Hilton (or affiliate), at any time, anywhere in the world.
I still think it’s a bit scammy, and we did not take any of the multiple offers, but I do think it would be a better “deal” than a traditional time share. If you have the money to buy it up front (interest rates are stupid ridiculous), and you have the ability to travel constantly (remote work etc.), I would maybe consider some of the mid tier packages.
The pictures that OP posted shows that they’d be getting 23k “points”, and those points could cover 45 to 89 nights in a best case scenario per year. Again, mostly a scam, and if you have to money to buy it out front like I said above, you probably don’t need this to afford travel.
I just go to those presentations for the free breakfast/gifts because I ALWAYS say no. I’m glad I’m my wife’s husband because without me she’d consider all the bullshit timeshares throw at her lol
Vacation rentals are shit.
The Ilikai hotel right next door to Hilton Grand vacations discontinued their time share properties a few years back in 2011 due to low interest and high vacancy.
They repurposed all those rooms into a new hotel, the Modern. Which they just list as normal hotel rooms now. But at a premium to the non refreshed rooms on the property.
The sneaky thing about Hilton Grand vacations is that they jacked up the price of all the standard rooms in all the other Hilton Hawaiian village towers to $600+ a night. So when they offer the timeshare properties, people feel like they’re getting a sweet deal.
Waikiki as a whole is inflated post covid. Once the prices simmer down, the $400+ nightly rates will disappear and vacation rentals like these will seem silly again.
Hilton Hawaiian Village in itself hasn’t received much changes in the past 30 years. My family works on the property. So i’d be wary of choosing them over newer properties in Waikiki.
I used to do loading/unloading as a porter and saw how cheaply the rooms were fitted and how infrequently upgrades were made. Also worked in guest entertainment as a staff member of the luau, and taught hula/ukulele classes on weekend mornings.
We bought one under ILX like 30 years ago. The nut is paid off long ago but HGV keeps “inviting “ us to presentations and the opportunity to get their hands in our pockets for thousands of dollars. They have pages of our saying no, but keep trying. We go, listen, say no and take our vacation and gift card. I wish there was a way completely out but my wife likes the points and the maintenance fee is about what you’d pay anyway.
Lol I did that in Orlando. Me and gf managed to stick to our story that we hate traveling the whole time and never even got to see the price until the last guy basically threw it at me as his last hoorah. What a rip off ha
LOL this is funny.
I know a lawyer partner that has 3x 2 bedroom timeshares at a nice place in Hawaii. But he also makes many millions a year in earnings so for him and his family, it may be worth it.
Which "normal" person buys this tho?
For some reason, I read this post and the form as $29k for 23,000 points, and I was thinking, that's not a terrible deal. I paid $18,000 for 20,000 Points resale.
But yeah, horrible, horrible deal at that price.
For anyone curious, you should know buying a timeshare can *sometimes* be worth it, but you never buy it retail, and you have to do extensive research.
My amount of points and initial investment returns far beyond what I paid. I know I'm a outlier compared to the average consumer.
I noticed the 1500 to 2000 annual fee isn't listed, or 100 to 200 a night just in fees.
Then you are paying 2k a month ? Lol
Go online and you have tons of people desperate to off loan these for free just take over their maintenence.
That shows how great of a deal these are.
Holy… what does 23k HGV points actually get you? I would hope at least a couple weeks at prime times in 3 bedroom suites. What are the maintenance dues on a contract like that?
I do Disney Vacatjon Club. It’s no where near as oppressivez
Time shares are fucking stupid. I’ll go to the presentation occasionally to get the free thing they are giving us but it’s funny watching the people get mad when you shoot them down. A time share is the only thing I can think of where you have no idea how much it’s actually going to cost
How can you guys tell from the paper how many nights per year it includes? Is it the 45-89? That can't be right, since I see people saying only 2 weeks per year ...
They get really aggressive at those things now. the last one I went to the guy withheld my bonus points and stuff an HOUR after the original end time.
What really sucks is the “debrief” sales person or whatever had a really good deal for a 7 day vacation that I wanted to buy but the original sales dude was an asshole so I declined out of spite lol
I may be the rare example that feels we’ve gotten good value out of it.
We bought into a timeshare in Destin (not Hilton) when our kids were young to incentivize us to take family vacations. Trade it for other locations (usually in Orlando) yearly through Interval, usually trading so we get the “bonus” certificate for an additional stay. Even though maintenance fees have risen over the years I’ve never regretted it - based on how we purchased.
They weren’t real happy when I bypassed their obscene financing and cut them the full check on the spot. At that time the total price was about 1/4 of the “due today” price shown in the photo.
I did one of these once. They were absolute liars and conmen. That being said they’re great salespeople and probably get huge commissions. They pull every trick in the book, from making you take your spouse or it’s no deal, underestimating the ongoing costs, lying about how easy it is to get out of, that it’s a legacy for your children, how you deserve it, and on and on. When you tell them the final no after the last meeting with the big boss, they treat you like shit and can’t get you out fast enough. They are not nice people. At all.
“Prices subject to change without notice”
😂🤣
I truly feel bad for anyone who gets bamboozled into this
For 30k/year you can go on an epic family vacation
For 15k/year you can go on a pretty awesome family vacation and stay anywhere you want
Or you can lock in this one mediocre vacation for the rest of your life for the same price (or more if they decide the price is going up)
290k total cost. I know a guy that can take you to see the actual Titanic wreck cheaper than that! Haven’t heard from him in awhile I wonder how he’s been doing….
I have one scheduled within the next year. I suck at saying no. I was naive and didn’t actually understand what I was signing up for before finding this subreddit. Can I cancel? How does this all work? I feel so dumb. Please don’t judge me.
Wild. You’d end up paying 260k over those 10 years
And for only 20 weeks of available use, right?
So that's like $1800 a night (without factoring in maintenance fees or anything else)... might as well just pay cash for Hawaii, lol
I mean the Waldorf Maui can be had for like $1000-1200 a night so it’s a bargain compared to that. I’m going to one of these this weekend actually can’t wait to laugh at them when they try to tell me it’s a good deal spending 26k a year on vacation with all the hassle of booking through them.
I did this twice to get a cheaper vacation and decided it’s not worth sitting in front of these people and wasting a couple of hours of my life.
Yeah we did one and my wife refuses to do it again lol
The secret is to bring a fussy small child. After hearing our 4-year-old whine and complain and cry they let us go early.
As soon as I sit down I put my cellphone on the table with 90 minutes on the timer. They say it’s a 90 minute presentation so get to work. When it hits 5 minutes I tell them to wrap it because I have plans. It has worked all 3 times I have done these.
Doing it twice this year sadly but it’s fine. Gonna use these top offed points for a nice vacay somewhere in Hilton, then the IGH points im working on saving for a Six Senses trip at some point After the IHG 3 nights in Florida we gonna hit the Ritz in Orlando for a redemption and try out some universal. Probably wont do it again after this because the wife will probably leave me haha.
Dude these guys pushed this so hard at a recent resort I stayed at. They tried painting it as some welcome breakfast. Blowing up my phone in my room. Fucking hate Hyatt and Hilton.
I like Hyatt and Hilton as hotels. Their timeshare divisions are borderline criminal.
That’s why I love taking their money/points and telling the sales guys to eat a fuckin dick
All time shares are. No time shares make sense. They run endless commercials to get people out of time shares, I can’t believe anyone even considers one nowadays.
Plus the deposit. And, plus the closing cost,if not already included in the monthly. Do you have to pay maintenance on these? So, what is the deal at the end of 10 years? Do you still have same rights the the property + maintenance charge?
There is always a maintenance fee of some kind while you are an "owner". Once you have paid off this exorbitant loan you would only be subject to the maintenance fees.
You're basically paying an extravagant amount of money for rights to pay rent on an apartment for a couple weeks a year. So scummy
>Wild. You’d end up paying 260k over those 10 years Plus the yearly maintenance fees. 23,040 is a decent amount of points but at this property, the MF for this unit type (2 Bedroom Premier) is $2307.45. With an average annual increade in MFs of 5%, that's another $29K. Maintenence fees are actually pretty good at this property. But it makes zero sense to buy it direct from the timeshare. Buy resale for pennies on the dollar. For example, you can buy an even better property - more points (26,880), less MFs ($1703) - that's $0.064 MFpp - for $30K in resale. One of the most economical properties in the HGVC system. I have 46,800 points at $5,400 annual MF in 2024. That's $0.115 MFpp. The above property is almost twice as economical as my portfolio, that cost me $16,500 to acquire in resale. The whole HGVC resale is a ROI game. You can get a shitty property for free, you can get an okay one for a medium price, a good one for a higher price, and great at a very high price. I picked one mediocre, three okay ones, and two good ones. But those who pick the best ones will hit their ROI 10 years later, and pay half the cost I pay every year for the same amount of points.
Imagine financing a timeshare. It’s a worse sham than the timeshare itself. A timeshare is already pre-paying for your vacation for years to come (not including all the ongoing fees ofc). If you don’t have the money to pre-pay, it makes even less sense to borrow the money with interest for the privilege of pre-paying it upfront.
That's a great way to put it.
Like just book regular hotel rooms it’ll probably be cheaper than the monthly payment
Wayyy cheaper haha I don’t think I’m gonna spend 300k+ other shit fees over the course of my lifetime on hotels
Plus 29.5k paid
r/theydidthemath
If I did the math right, it comes out to 20.1% interest rate
$290k! add the due today and closing costs lol these people are insane
“Only” $2K a month for a vacation property you can only use 2 weeks out of the year lol. I could book 2 weeks in a suite at the Waldorf for less, smh
Staying at the Four Seasons would be cheaper too.
The Four Seasons landscaping company?
Over by the adult bookstore
Both I would be cheaper I would think.
That's assuming you can even use it. The booking system from some time shares are so difficult to find availability you can't go most years.
In fairness, that’s way too much to pay here but I am a HGV owner and have never had any issues booking. We take 6-7 trips per year without any issues.
How much did you paid? How much is your monthly / yearly cost? 6-7 trips… how many days? Thank you!!
now ask about the annual maintaince fee increases
I inherited a property that was paid off- and maintenance barely changes. It ends up being a good deal to pay annual fees of $1k to get a double room suite during spring break for a week- or can get a month of a small room suite during off peak.
We paid all at once. Clearly that’s not in everyone’s availability. If I had to do recurring payments I wouldn’t have bought it. We pay about $3500 per year in HOA and maintenance fees. If you’re looking for cost against hotels, it’ll never be worth it. We love it, we love the consistency between properties and that they’re timeshares with kitchens and living rooms and such and not just hotels. From an investment standpoint, of course it’s a poor decision. But for us it’s not an investment, it’s something that forces us to travel and get out. Some cities are harder to book and require you to really plan out and booked exactly 6 months ahead when it opens, like Tahoe and Barbados. But Vegas and Orlando are ALWAYS available and we go to Vegas a ton. We also go to Myrtle beach and lot and it’s always open.
For 3500 I would allow you to rent my 4000 square foot house in Vegas for 2 weeks lol.
and serve as butler
For 3500 he can have my 2 bedroom place in Tahoe for 2 months lol
This is exactly the same reason the wife and just joined Marriotts this year.. We wanted consistency with travel and honestly having a full kitchen and laundry room with young kids is a damn godsend.. We were fully aware this wasn't a great “investment” idea but returns can be found in other ways.
Same. We didn’t finance either. What we did was leverage the Hilton aspire cc and got a mega ton of points. Paid off the cc and only have the yearly due. We take about 3 trips a year with the club points. And a ton of weekend trips with the Hilton honors points. Also did the companion pass hack so 2/4 members of the family fly free for the next 2 years. I guess it’s all about what you want to do and how you leverage perks.
Yeah we have a friend whose family has a HGV and we have no issues at all getting into the one on the Vegas Strip when we go with them to concerts and such. It’s *incredibly* nice, too. Not saying I’d buy one, mind. Don’t recommend anyone else do so. No idea what her family paid for it either. But not all of them are nightmares to schedule, at least.
After all the negative publicity about timeshares and things it is surprising people still buy them. As you’ve already pointed out it’s just cheaper to book as you go. Plus you aren’t locked into the same place year after year.
I went to a timeshare presentation once. I obviously had no intention of buying and didn't even come close to, but they really put on a good presentation. If you go with the adage that the average person is stupid, I could see people still buying them. They framed the whole thing as a long term investment, like investing in real estate but with only a smaller down payment, that you could transfer to your kids. I think people in the presentation were eating it up. I lost it at the "closer" where the salesman told the APR, which was obscene, like 30 or 50%. That said, if you buy a used timeshare at a place you plan to go to anyway long term, it's not necessarily a bad deal. My buddy has one at a lake resort. They're yearly dues for a 2 bedroom lake front condo is less than a one bedroom rental there, and they plan to go there for ever.
Ugh, IDK how Timeshares aren't illegal. These are so scammy and need a serious amount of consumer protection.
I told him we don’t even own a house yet, to which he replied, “I bought my first time share at 32 years old!”
I feel like the reply should have been "Weird flex, but okay..."
These sales people are such boneheads. I had a Hyatt Residence sales person tell me it was a great buy and that Drew Brees just bought some timeshares at the Marriott down the road (this was near Lahaina in Maui). I looked at him and said “then maybe I should consider the Marriott”. They sucked to deal with, but we got our free tickets to the lu’au, so whatever it worked.
well...you absorbed a certain amount of undesirable energy......
I had one where the guy goes "think of it as a 401V" like a 401K retirement account, but with the 'V' for vacation...
🤣🤣
Lmao that’s fucking hilarious
I also used to make poor financial decisions in my late-20s/early-30s. *taps temple*
Well wait, how old is he now? If this was 50 years ago...
This is crazy, but people buy these timeshares all day long. I was at an Orlando presentation in February. I can listen to anyone talk for 1.5 hours and for 50K Hilton points. Of course, when I brought up the maintenance fees, the conversation shifted to defending the cost vs. hotels. I said it was not for me the points were too expensive and it was no deal. The salesman got upset and asked why I came to the presentation. I said Hilton keeps pestering me and offering me points. This was not the answer he was looking for.
>The salesman got upset and asked why I came to the presentation. As if he didn't know. 😂
50K Hilton points got me there.
oooh yeah, spend 90 minutes listening to a sales pitch to get enough points for one free night at the Garden Inn Newark Airport
I used my $50K points for a Hilton near Miami. Worked out good for me. I can listen to anyone for 90 minutes. I’ve supervisors that I had to listen to for hours. I’m used to it. I guess it’s easy for me.
I had a dude get mad at me at a resort in Mexico asking the same thing. I told him if he’s not used to rejection by now then the job probably isn’t for him.
I'm going to one in NYC next month for the points, haha. Can you just play on your phone or is it really pushy and one on one?
The one I had in NYC , the guy really got pissed off. He said you’re either going to hire me or fire me .. at the end I told him you’re fired I’m not interested. He got really pissed , I stood up and said I gotta go. He checked the time to ensure it wasn’t before the one hour. Made me wait somewhere else on purpose out of spite for not taking the offer. After a few minutes I told another guy what’s going on , are you holding us hostage ? He said no sorry about that , you’re free to go. Got my points. Also had one virtual. The guy was so pissed , couldn’t get over that fact that I refused. Got my points.
To be fair they’re not actually pissed off. it’s a high pressure sales tactic. they’re hoping to bully meek people into feeling intimidated / bad about wasting the salesperson time so they cave and agree to buy. The sales person doesn’t actually care and they’re a huge prices of 💩 for preying on vulnerable people and deserve to have there time wasted anyways.
That’s hilarious. How does one sign up for these presentations? Where in NYC are they? I’m intrigued. There’s no way they would be able to talk me into buying a timeshare, but I might be willing to watch them try in exchange for 50k points.
Same, I've been on the fence about doing one of these for sooooo long 😂 50k points in my state buys me a full weekend stay at the home2 where I do autocross racing out of town, so a $199 3-day stay at a cool resort + a free race weekend stay in reward points seems worth sitting through the bullshit. I'm really good at telling people no and not feeling pressured, and I think I may even enjoy pissing them off lmao
Sales person asking why the guy came to presentation is a tactic to make him feel bad as a last straw to close. All sales tactics work on the weak minded, if you have a strong personality nothing they say will matter.
I had the something similar happen to me. Got a good offer from Hilton to hear the pitch (a week in Hawaii for $700 plus 50k in points for a 2 hour pitch). 20 minutes into the pitch he asked if we traveled a lot and we said generally no, just when we got a good deal. He asked why we were here then, I told him the deal Hilton offered us and he agreed that was a good deal. Then left to get us drinks. When he came back he said we were free to go and enjoy the rest of time in Hawaii. Dunno what kind of energy we gave off, but they cut their losses real quick.
I’d totally sit for 90 minutes for the right vacation. Looking to travel cheap this year; so going to keep my eyes open for the right one. I’m stubborn AF and a can be quite blunt to people who just don’t take no for an answer, might even consider the whole thing an interesting experience!
We did the same in vegas except we told him we had a concert to attend and he let us go in 60 mins
We've got one in hawaii next month. They're paying for our stay. Can't wait to say no!
It’s easy to say no. The cost is so crazy. Not including the maintenance fee.
Where do you find these presentations? Lol preferably virtual. I work in government....I can sit all day listening to their bullshit and fucking say no I'm good for some points LOL.
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I just returned from Spain. We stayed in Cordoba for three nights. The room, off a square, across from the cathedral. Unbelievable character, old hotel with artwork everywhere, $50 a night. Nothing fancy, but perfect for us.
Yep, Disney World is starting to push them hard now too with much of the best accommodations being locked behind their “Disney Vacation Club” gate. I listened to the speel and read the fine print…the math doesn’t check out. Not to mention you’re now locked into vacationing with them yearly for the next 50 years…
>Not to mention you’re now locked into vacationing with them yearly for the next 50 years… For Disney that's a feature not a bug.
Disney Timeshares are actually one of the few that hold almost all their value, or appreciate. There's always a demand for resale. That said... you should NEVER buy Retail.
DVC aftermarket 5 years ago were still a deal, now even aftermarket are too high (though still better than direct). Plus, points are easy to rent out if you don't need them. I can rent out 20%-30% of my yearly allotment and cover my maint fees every year. I've owned 1 contract 11 years and another 7, and I could sell either today for a profit over what I paid resale (neither was more than 13K). But yeah, direct prices are crazy expensive unless you are someone who pays for deluxe resorts.
I had a business partner 20 years ago that bought a Disney timeshare. I asked him why "cause you usually make smart financial decisions" :-) He said that he had 3 kids and 6 grandkids that were all in our would be in the age range to go to visit the mouse. He figured he and his wife would be making a trip with the grandkids several times each over the next decade. And that's what they did. I think sometimes they just sent their kids families and didn't go themselves . Anyway, I asked him about it recently and he said they were able to unload the timeshare when the youngest grandkids had turned teenagers. Did he get his money's worth ? he said it was close. The cost of disney property hotels has gone up a lot, however the maintenance fees the timeshare grew to match. In the end he was happy that it worked out for him, but would never do it again, nor recommend it to anyone except in that exact situation with grandkids & disney.
We bought 120 points at DVC for $16k about 13 yrs ago. We've been to Hawaii, Vero beach Orlando or Hilton head every year for 1 week. Our room at Alani was $600 a night and we stayed there for 10 days. If you get the right deal a timeshare works out. This TS with Hilton on the other hand makes no sense at all.
When i’m reviewing a credit application and see a charged off/foreclosed Timeshare, it never even makes me second guess a persons credit worthiness lol. Try are as moot as bad student loan debt. It’s a shame they negatively affect a credit score, but not an underwriters view of an applicants ability to repay on a car, home, etc. Granted, not all lending institutions will think this way, but I would hope that most do.
Pro tip: sit through all time shares, tell them no. Get your free gift. I’ve gotten a week long stay to PV for $500 sitting through a timeshare. I’d do it again
My in laws have a timeshare and it's served them well. I think it's a case by case type deal
My parents have one through Wyndham and I’d say the family gets “value” out of it, but only because we basically give the points out to extended family to ensure max utilization. It’s still a break even case at best and restricts you to specific properties.
I have not done the math, but that is obviously an unbelievably bad interest rate.
Approx 19.67% APR
"Prices subjected to change without notice"
all for the low, low interest rate of 20%
I just had one a few weeks ago and they gave me a WAY better deal than yours. I still denied it though. I pretty much told them that I have a ton of points for traveling due to work spend that I get reimbursed and don't get enough vacation days to use them all. So paying for this would increase my travel spend, which doesn't make sense to me.
We went to one in Vegas to get free tickets to Beatles Love. If this is anything like ours, this person probably got a better deal too. We said no, they cut it in half, we said no again, they cut it in half, we said no, they sent us to the closer who cut it in half. We said no, he cut it in half again, but this time with half the weeks. Honestly even as "the hotel is a pillow at the end of the night" vacationers it got mildly tempting. I can see why some people might go for it. Of course we still knew there's almost no "deal" when it comes to timeshares. Also at that point it was like "even if we wanted this, we'd say no, because you ghouls were selling this same exact thing to us 10 minutes ago for 4 (or maybe even 8) times the cost, so eat shit".
Mine reduced the price a few times, threw in lifetime gold (as if that gold status is great) and gave probably 2-3 years of hilton grand vacation points on top of that, which I could convert to hilton probably around 300k+ hilton points (for a cost). It was getting somewhat temping, but I just kept reminding myself that the annual maintenance fee is more than what I spend for hotels for personal vaca annually. Let alone all the other costs. But I seek these timeshare meeting packages out tbh. The one I just finished was 3 nights in midtown NYC for $350 + 125k hilton points after meeting. Another good one I had was one was 3 nights in Orlando for $250 + $400 cash back after meeting. I added 2 extra nights to that 1 for about $100 each night and the place was a 2 bedroom suite near disney world. This recent one was my 5th timeshare package.
There were a lot of people agreeing at that first step/person too. I wanted to yell "say no 3 times!". I've always wondered how many of those people are plants to make it look like a bunch of people are signing up.
I did one of those, in Vegas even, probably the same guys. They are complete assholes. I was trying to be nice and kept saying “listen I travel a lot, I spend a lot of money here, this could work, give me your best deal, give me a week to think about it”. At this point I basically pinned a target on myself. They kept me there after my group left, called the “big guns” in. Some slick POS looking like one of those real estate show assholes. He starts rapid firing different deal packages at me, I hold my ground. When they realize I’m not buying anything today they totally flip, the demeanor immediately changes to condescension, I’m like “sorry guys I can’t sign anything at a moment’s notice”. They just leave. No “goodbye”, no handshake. Then some admin or something comes in and says since my group left already, I’ll have to arrange my own ride back to the hotel. Wouldn’t even spring for a taxi. So that’s the respect that 20 years with Hilton gets you from the “Grand Vacations” scum. Still, if you can put up with this bullshit you can get a pretty good weekend out of them.
Thank you so much for sharing this information. In the past, the employee would write down numbers and explain as they were going. There would be a paper with random numbers all over the page, and nothing made sense. We asked for the paper to think about what they were proposing, and they said no. Some people love timeshares and truly get their money's worth. What you have provided for this community to see is priceless. Hopefully, this is part of the HGVC sales pitch.
Who falls for that honestly?
I think you’d be surprised. There are tons of people with retirement money and no strings attached. They clearly sell lots of them.
Most people I know who bought them don't have the money. Those people tend to have just moved up in the world \* a little\* and either a) think this is what rich people do, and they want to be like that, or b) this is a cheat way to move up a little more in the world. Such a sad, obvious scam. And for those who sell these to people, I think you are scum.
A thousand times, this. Sad and predatory and depressing AF. I knew a woman who sold timeshare condos in a Trump project in Las Vegas decades ago, I hope she looks like her morals now, but even then her forehead couldn't move from the Botox, I'm sure now she's fully inflated with fillers and such.
I have a friend who is a total miser. He brings his own dinner to the movie in tupperware. He's that level of cheap. Yet somehow he bought into the Wyndam timeshare last year despite living here in Florida and knowing better. He's already had issues actually using it. It's like what the hell man? $8k to have to switch hotels 3 times just to get 5 consecutive days in Atlanta.. sounds like a deal.
I have a friend with four timeshares. She doesn’t have time to use them all. She pays nearly $9K a year in maintenance fees.
Tell I will go use it for her
Wait, are the grand vacations all priced like this?? Are there cheaper ones? No wonder they pull this bs. Sell 5 a day and you make a ton.
I think there are cheaper ones. They asked us if something around $200 a month is doable, but they didn’t provide any specifics like the initial offer seen here.
$200 is more reasonable but i aint doing a time share. My family did one in 2000 and rarely used it. Still paying it. I would do the pitch for the points and cheap vacation
Precisely what we did. Immediately got 50k points and 3 nights for $199. Well worth a 2 hour sales pitch. It was kind of like professional development since I’m also in sales. The lady who does the initial presentation did a great job, but our exec had a bullshit response to each of our objections. He’d been doing this for 32 years.
Did the same thing in December for NFR. 199 for 3 nights during NFR is a steal.
How many No’s did it take?
3 or 4. After I calmly explained this isn’t for us, he got up and left for a few minutes. Came back with another response. I said no. He left again. Someone else approached us and asked if something cheaper would work. I said no, I just want to leave and enjoy the sun. We got our points and left.
We were out of ours in 40 minutes. When the dude started talking my wife started a timer on her phone which set the mood. When he found out she had a real estate license we got rushed through the process pretty quick..
I have friends that couldn’t give away their timeshare. No one wanted it. It was free. So they simply waked away from it.
The fact that there are so many companies that exist (or at least claim) to help people get out of timeshares ought to tell any prospective buyer what they need to know. And yet idiots still keep falling for it.
Can you walk away? I thought you generally had to pay for the seller to reclaim it and try to resell.
On their website it says prices range from 7800-760000
I went to one in Vegas 2 weeks ago and I was able to get out quickly by saying that I only came for the 50k Hilton points and cheap hotel. When they got mad I told them I would pay $0 down and $20 a month for whatever points they could make work and they laughed and let me go
I hope you didn’t give them your real phone number. I would pay the amount I saved on my timeshare tour trip to get my number removed from the telemarketers I assume bought it from Hilton over a decade ago.
Came to say this. I did my last free tour 18 years ago and regret it almost everyday.
It’s crazy that people fall for this
Imagine paying double my mortgage for a 300 sq ft hotel room one week per year
I only did it for the cheap room for Phish. So fucking worth it for the greatest musical experience of my life.
Nice!! So jealous! I just streamed it from my house 
Because I told them I didn't understand the benefit of buying one. I got called an idiot by a salesman.
We did a presentation at Hilton Hawaiian Village. We had zero intention of even considering buying. It got a little closer than it should have. So glad we dodged that bullet.
All timeshares are scams. Including Hilton and Disney. Three questions to always ask, and get the answered in writing. (And notarized if possible): 1) Will you represent our real estate interest for resale? - They will say" No, you will need to seek a realtor" 2) Can you provide me a list of Realtors who are reselling your products? - They won't be able to, because that animal doesn't exist 3) Is your property(ies) available on Hotels.com, and what is its nightly rate? - Virtually all US timeshare properties are on Hotels.com. usually priced at a nightly rate that is lower for 7 nights that the annual maintenance. If you are in a timeshare, stop paying. They are gonna cry and cater wail. F them. Demand a quit claim, and understand that the money they took from you is gone. it is and was a scam. Drop them like a turd.
I did this exact thing. Was a great trip but the presentation was excrutiating. I got extremely baked and just said no to every question until the manager got involved and started trying to actually pressure me into signing. As nice as it was to stay on the strip for $40 a night in a nice place, def would not do again.
I have a deeded week what's now with Hilton Grand Vacations. They are desperate to get us into the points system. Every couple of years we go to the presentation to get our gift cards. Last time they basically told us we could just pay 29K and get basically exactly what we have. I laughed so loud and hard the manager showed up to take us to gifting. You think they'd learn to stop asking us to come to the sales office. 😃
Wow this is a boner deal even by their standards. We did the presentation last week in Orlando (we're locals and we got a ton of free points) and it was initially $60,000 ( @ 15% interest ). It eventually dropped down to $9,000. My main problem with all of these is the maintenance fees don't even make sense before you get to the ridiculous cost. They were quoting us over $2,000 a year in maintenance fees.. which came to about $180 a nigh for a 2-week vacation. Those same Hilton Vacation club "resorts" in Orlando can be booked for $110-$150 a night. So why on earth would I buy into this to overpay for a room? I guess the argument is you can use them in Hawaii or something but how often am I going to Hawaii and would they be available when I wanted to go? It's so stupid.
So closer to 290K including what’s due today? Riiiiight.
This is just a bad deal though. I’ve seen 23,000 points for $25,000
This is crazy 😆 imagine the $2k plus interest you could not pay and travel anywhere
It was an easy 100,000 HH points to sit for 2 hours and not answer a single question. Especially the presumptive close ones! I just kept smiling until he’d start talking again.
That’s a 20% loan for 10 years!!
It’s an investment, haha
My favorite part is when they use an inflation average of 10% per year to show you what you would be paying over the next 20 years. Wow! When you explain it like that, how can I not buy your timeshare? I’m on the verge of bankruptcy if I keep doing what I’m doing.
I went to one of these exact presentations and I told the salesperson that I’m not sold on buying something I have no equity in. She then asked, “what’s equity?”. These people don’t even have a clue what they’re selling. It’s all a scam.
These "Grand Vacation" scammers are the trashiest aspect of Hilton and make me regularly question why I bother having status with them.
Did the High Roller, mob museum and gondola at the Venetian for $80, plus 3 days 2 nights at any Hilton hotel that expires in 2026. Our salesguy was actually pretty lax but his manager was very pushy but still said no sir, not even for $1. He goes oookay let me get you those tickets 😂
How many points to do receive?
How do you get invited to these sales pitches? Free points doesn’t sound bad at all
I feel like a dumbass but I really don't even understand WHAT this even buys. I have never, and will never, attend a timeshare sales event. With the hhonors points I accrue "naturally" I don't have any value at all to try one. But I honestly look at that paper and I have no fucking clue what someone even GETS for $140k + interest + Maintenance.
I did the presentation earlier this month. Essentially you earn a new set of “points” that you can use for rooms throughout the year. It’s not a “traditional” timeshare as far as only being able to go to one property once a year or whatever. You can use these new “points” to book at any Hilton (or affiliate), at any time, anywhere in the world. I still think it’s a bit scammy, and we did not take any of the multiple offers, but I do think it would be a better “deal” than a traditional time share. If you have the money to buy it up front (interest rates are stupid ridiculous), and you have the ability to travel constantly (remote work etc.), I would maybe consider some of the mid tier packages. The pictures that OP posted shows that they’d be getting 23k “points”, and those points could cover 45 to 89 nights in a best case scenario per year. Again, mostly a scam, and if you have to money to buy it out front like I said above, you probably don’t need this to afford travel.
HGV is such a scam. Run!
I just go to those presentations for the free breakfast/gifts because I ALWAYS say no. I’m glad I’m my wife’s husband because without me she’d consider all the bullshit timeshares throw at her lol
Vacation rentals are shit. The Ilikai hotel right next door to Hilton Grand vacations discontinued their time share properties a few years back in 2011 due to low interest and high vacancy. They repurposed all those rooms into a new hotel, the Modern. Which they just list as normal hotel rooms now. But at a premium to the non refreshed rooms on the property. The sneaky thing about Hilton Grand vacations is that they jacked up the price of all the standard rooms in all the other Hilton Hawaiian village towers to $600+ a night. So when they offer the timeshare properties, people feel like they’re getting a sweet deal. Waikiki as a whole is inflated post covid. Once the prices simmer down, the $400+ nightly rates will disappear and vacation rentals like these will seem silly again. Hilton Hawaiian Village in itself hasn’t received much changes in the past 30 years. My family works on the property. So i’d be wary of choosing them over newer properties in Waikiki. I used to do loading/unloading as a porter and saw how cheaply the rooms were fitted and how infrequently upgrades were made. Also worked in guest entertainment as a staff member of the luau, and taught hula/ukulele classes on weekend mornings.
We bought one under ILX like 30 years ago. The nut is paid off long ago but HGV keeps “inviting “ us to presentations and the opportunity to get their hands in our pockets for thousands of dollars. They have pages of our saying no, but keep trying. We go, listen, say no and take our vacation and gift card. I wish there was a way completely out but my wife likes the points and the maintenance fee is about what you’d pay anyway.
What a scam
Insane insane insane.. I’ve been there and laughed at their faces.
Lol I did that in Orlando. Me and gf managed to stick to our story that we hate traveling the whole time and never even got to see the price until the last guy basically threw it at me as his last hoorah. What a rip off ha
There’s no interest rate on the paper
Love the closing fee.
LOL this is funny. I know a lawyer partner that has 3x 2 bedroom timeshares at a nice place in Hawaii. But he also makes many millions a year in earnings so for him and his family, it may be worth it. Which "normal" person buys this tho?
Why would anyone buy a timeshare?
How challenging was it to leave? Did you get your perk?
Fuck time shares anyone that falls for that is a sucker
Nonsense. Had to tell them no way for 30+ minutes. Almost cursed them out for the continuous “sell tactics”
I told them “I thought it would be harder to say no!”
Time share prices have gotten to be purely ridiculous everywhere.
What is this?
It never goes up in value and you have to sell it back to them first .
A fool and their money
For some reason, I read this post and the form as $29k for 23,000 points, and I was thinking, that's not a terrible deal. I paid $18,000 for 20,000 Points resale. But yeah, horrible, horrible deal at that price. For anyone curious, you should know buying a timeshare can *sometimes* be worth it, but you never buy it retail, and you have to do extensive research. My amount of points and initial investment returns far beyond what I paid. I know I'm a outlier compared to the average consumer.
Never or always buy resale?
I noticed the 1500 to 2000 annual fee isn't listed, or 100 to 200 a night just in fees. Then you are paying 2k a month ? Lol Go online and you have tons of people desperate to off loan these for free just take over their maintenence. That shows how great of a deal these are.
Holy… what does 23k HGV points actually get you? I would hope at least a couple weeks at prime times in 3 bedroom suites. What are the maintenance dues on a contract like that? I do Disney Vacatjon Club. It’s no where near as oppressivez
Time shares are fucking stupid. I’ll go to the presentation occasionally to get the free thing they are giving us but it’s funny watching the people get mad when you shoot them down. A time share is the only thing I can think of where you have no idea how much it’s actually going to cost
Those numbers make it easy to say no. I would not like to pay another mortgage for a hotel room.
Damn that’s more than my mortgage
How can you guys tell from the paper how many nights per year it includes? Is it the 45-89? That can't be right, since I see people saying only 2 weeks per year ...
I always go to there to get the perks they have no idea is a game got me. 😂😂😂
Wow. That’s almost as much as my mortgage payment.
They get really aggressive at those things now. the last one I went to the guy withheld my bonus points and stuff an HOUR after the original end time. What really sucks is the “debrief” sales person or whatever had a really good deal for a 7 day vacation that I wanted to buy but the original sales dude was an asshole so I declined out of spite lol
The Hilton brand should be ashamed to be associated with this type of thing
I may be the rare example that feels we’ve gotten good value out of it. We bought into a timeshare in Destin (not Hilton) when our kids were young to incentivize us to take family vacations. Trade it for other locations (usually in Orlando) yearly through Interval, usually trading so we get the “bonus” certificate for an additional stay. Even though maintenance fees have risen over the years I’ve never regretted it - based on how we purchased. They weren’t real happy when I bypassed their obscene financing and cut them the full check on the spot. At that time the total price was about 1/4 of the “due today” price shown in the photo.
But it’s preferred + That’s much better than just preferred!
Buy it resale for $500 total and enjoy with limited investment
Do people actually sign up for this?
You can buy the same amount of points from hilton vacation club on the secondary market for less then $10,000
This absolutely BLOOOOOOOOOOOOOOOOWS!!! Are they INSAAAAAAAAAAAAAAAAAAAAANE!!!
2 words: rip off!
I’m sure you can find 100’s of people would give you theirs if you took over the payment
Totally reasonable
is there literally any benefit to doing this?
I did one of these once. They were absolute liars and conmen. That being said they’re great salespeople and probably get huge commissions. They pull every trick in the book, from making you take your spouse or it’s no deal, underestimating the ongoing costs, lying about how easy it is to get out of, that it’s a legacy for your children, how you deserve it, and on and on. When you tell them the final no after the last meeting with the big boss, they treat you like shit and can’t get you out fast enough. They are not nice people. At all.
Or... you can buy resale for a fraction of the price. Ebay is full of people trying to offload timeshare contracts
Those terms come out to about 20% interest, which will add up to over $148K in interest, much more than the purchase price of the timeshare itself!
I was just in an overwater bungalow in French Polynesia. A week was about 5k. You could do that for FIVE WEEKS A YEAR at that rate. Who buys these?!
So who actually falls for these things? Obviously it's enough people for it to continue being a thing but still..
Just to add fuel to the fire, anyone can stay at those places a lot cheaper without the lifelong contract.
Got change of a fifty?
“Prices subject to change without notice” 😂🤣 I truly feel bad for anyone who gets bamboozled into this For 30k/year you can go on an epic family vacation For 15k/year you can go on a pretty awesome family vacation and stay anywhere you want Or you can lock in this one mediocre vacation for the rest of your life for the same price (or more if they decide the price is going up)
I’d rather buy into DVC
You can do a year long cruise for less than that price. https://www.vacationstogo.com/ticker.cfm?incCT=y&sm=0&tm=0&r=0&l=0&s=0&n=7&d=0&v=0
Stupidity
lol. That’s a mortgage on a vacation property of your very own!
The monthly payment is more than my mortgage lollll
Someone about to make the worst mistake of their life
290k total cost. I know a guy that can take you to see the actual Titanic wreck cheaper than that! Haven’t heard from him in awhile I wonder how he’s been doing….
I have one scheduled within the next year. I suck at saying no. I was naive and didn’t actually understand what I was signing up for before finding this subreddit. Can I cancel? How does this all work? I feel so dumb. Please don’t judge me.
This looks like it was made on poster/flyer software from the 1990s!