Global Exchange Vacation Club
This article is to inform novice vacation ownership consumers what to look for when buying a vacation ownership
Well, there are many of differences in timeshares. The variations will be briefly listed in the next sentence, but I will expand on them thoroughly later in this article. A few of the major differences include whole week vs. points ownership, Deeded vs. Lease, RCI vs. II, trading power, and availability within your club.
Let's talk weeks vs. points. This really relies on how you normally travel. Do you frequently travel in one week increments or do you do more weekend trips and 5 or 10 day vacations. Personally, a points system is the right choice for me due to the fact that I hardly ever travel for exactly one week. Points are used like a currency for your vacations. I am personally an owner of Hyatt and GEVC, and their points systems work just as well. I used to find better availability with Hyatt, but recently GEVC has had better availability.
How about deeded and leased ownership. The differences here are pretty much self-explanatory. Either you own or you lease the property. I want to pass my ownership to my kids, so my preference is to own. I will not get too opinionated in this article, but I stayed at a Hyatt Resort in Carmel that was phenomenal. It was priced over $500 a night on Expedia. I ended up spending less than $500 for the entire week. So if I can give that gift to my kids as well, I think that is great. You can also pass right to use down as well most of the time; they just expire after a certain number of years.
RCI and II are the major trading companies that you can trade with to go different locations other than where you own. This is one of the greatest advantages of vacation ownership today. I have saved lots of cash with my timeshare, and the trading lets me keep flexibility as well. As far as what is better between RCI and II, they both have advantages. II and RCI both have very nice and very different resorts. I have one ownership in each, and it works out well for me. My GEVC is with RCI and my Hyatt Ownership is with II.
Learning about trading power is very important. RCI will even tell you on their own website, that all vacation ownerships are not created equally. Buying a timeshare in a great location in number one priority when it comes to trading power.
