Are you considering purchasing a Hilton Grand Vacation timeshare but are unsure about the cost? Look no further! In this article, we will break down the different factors that can affect the price of a Hilton Grand Vacation timeshare.
What is a Hilton Grand Vacation timeshare?
Before we dive into the cost, it’s important to understand what a Hilton Grand Vacation timeshare is. Essentially, it’s a vacation ownership program that allows you to purchase points or weeks at a Hilton Grand Vacation resort or affiliate property. These points or weeks can then be used to book stays at any of the participating resorts.
Factors that affect cost
Location: One of the biggest factors that can affect the cost of a Hilton Grand Vacation timeshare is the location. Resorts located in popular tourist destinations such as Hawaii or Orlando may have higher prices than resorts in less popular areas.
Unit size: The size of the unit you choose also plays a role in determining cost. A studio unit will typically be less expensive than a two-bedroom unit.
Season: The time of year you plan to travel can also impact the cost. Peak season travel dates will generally have higher prices than off-peak season dates.
Hilton Honors status: If you are already a member of Hilton Honors, your status may entitle you to discounted pricing on timeshares.
Pricing options
There are two main pricing options for purchasing a Hilton Grand Vacation timeshare: buying directly from Hilton or purchasing on the resale market.
Buying directly from Hilton:
When you buy directly from Hilton, there are two main payment options:
- Financing: You can finance your purchase over a set number of years with interest rates typically ranging from 9-15%.
- Full payment: You can choose to pay for your timeshare in full at the time of purchase and avoid financing fees.
Purchasing on the resale market:
If you choose to purchase a Hilton Grand Vacation timeshare on the resale market, you may be able to find lower prices than buying directly from Hilton. However, keep in mind that purchasing on the resale market means you may not have access to all of the benefits offered by Hilton.
Sample pricing
To give you an idea of what a Hilton Grand Vacation timeshare might cost, here are some sample prices:
- A studio unit at the Hilton Grand Vacations Club at MarBrisa in Carlsbad, California, can range from $10,000 to $25,000.
- A one-bedroom unit at the Hilton Grand Vacations Club on International Drive in Orlando, Florida, can range from $15,000 to $50,000.
- A two-bedroom unit at The Bay Club at Waikoloa Beach Resort in Hawaii can range from $25,000 to $75,000.
Conclusion
In conclusion, there are many factors that can impact the cost of a Hilton Grand Vacation timeshare. By considering location, unit size, seasonality and your existing Hilton Honors status you will have a better understanding of what to expect.
Remember that there are both direct and resale options available which come with varying benefits and pricing structures. Ultimately it’s important that you do your research and understand all options before making an informed decision.