Abigail Sheen
Guest
- Joined
- Jun 5, 2017
- Messages
- 8
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- 0
- Points
- 61
I visited Villa Del Palmar Cancun last month. As part of discounted all-inclusive stay, I had to attend the presentation. I ended up buying. It is my intention to vacation with my family (two young kids, and want to do maybe a week of more "spendy" vacation each year, until they go to college and disappear... about 12 years later). But I admit it was an impulsive buy.
I was offered 1100 points for about US$15K (30 years). I simply computed that with the maintenance fees of $478/year (the sales rep said the fees has not increased for the last 8 years... is this bullshit?), I would end up paying about $30K or so for a week of resort lodging for the next 30 years, which is about $150/night for staying at Villa properties (or equivalent if exchanging on Interval International (II)).
Our past vacations, including this one that just blew by, we have been living in economical lodging (e.g. stayed at Tulum for $50/night, at Coba for $90/night, at Valladolid for $90/night, all for 2 adults 2 child). I just felt like treating family better so kids can enjoy resort with multiple swimming pools, beachfront, etc. and $150/night seems fair.
You can see how I am trying to rationalize myself.
But now I have found TUG. It's of course way past the cooling period for me to rescind, since I didn't want to do research during my travel. By the time I got back to California after finishing a few more nights at Villa Del Palmar property and then visiting Maya land (Valladolid/Coba/Tulum) the cooling period is over anyway.
Sales person told us we can "at the worst case", let them resell our club membership (they frown on the word "timeshare" saying this is a "vacation club" which is very different) and we might make 30+% loss on what we paid for membership... but we could also resell on our own for better price. Sales person also mentioned the II "getaways" which are so excellent that his wife "makes money" by selling the getaways on AirBnB, although it cannot be done in a big way (since the contract says the membership shouldn't be bought as a way to "make money"). I haven't even started looking into Interval International. Sales person said my family will be able to enjoy all the business-class transit lounges at airports for free with the II Elite status, etc., which sounded attractive to my spouse. There's probably more. I now feel a lot of this can probably either exaggerated or plain untrue.
Just wondering if anyone can tell me how bad of a deal I got into. I now read (in TUG) that it is probably useless to try to sell my membership (probably won't recoup 60+% of what I paid, as was suggested as "worst case" scenario by the salesperson), right?
It seems like the best I can do at this point is: 1. try to use and enjoy the membership, 2. hope that II exchange actually works (with $174 fee for each exchange, as they said), 3. hope that maintenance fees either don't go up or only goes up a little in the next 30 years, 4. when we get too old or for some reason unable to use the membership anymore, just give it back to Villa (UVC) and cut the losses on the yearly maintenance fees. Even the best case scenario feels a bit sad. Really wish I didn't buy (even talked my spouse into it).
Or is there anything else I can do? Certainly many things were said in the presentation that are probably lies, but it's not on writing, so I guess there's no way to claim misrepresentation to Profeco and argue out of the contract.
Give me to me straight. I would like to know the depth of my stupidity in this case. I don't think we even negotiated the membership fee well (US$15K for 1100 points).
I was offered 1100 points for about US$15K (30 years). I simply computed that with the maintenance fees of $478/year (the sales rep said the fees has not increased for the last 8 years... is this bullshit?), I would end up paying about $30K or so for a week of resort lodging for the next 30 years, which is about $150/night for staying at Villa properties (or equivalent if exchanging on Interval International (II)).
Our past vacations, including this one that just blew by, we have been living in economical lodging (e.g. stayed at Tulum for $50/night, at Coba for $90/night, at Valladolid for $90/night, all for 2 adults 2 child). I just felt like treating family better so kids can enjoy resort with multiple swimming pools, beachfront, etc. and $150/night seems fair.
You can see how I am trying to rationalize myself.
But now I have found TUG. It's of course way past the cooling period for me to rescind, since I didn't want to do research during my travel. By the time I got back to California after finishing a few more nights at Villa Del Palmar property and then visiting Maya land (Valladolid/Coba/Tulum) the cooling period is over anyway.
Sales person told us we can "at the worst case", let them resell our club membership (they frown on the word "timeshare" saying this is a "vacation club" which is very different) and we might make 30+% loss on what we paid for membership... but we could also resell on our own for better price. Sales person also mentioned the II "getaways" which are so excellent that his wife "makes money" by selling the getaways on AirBnB, although it cannot be done in a big way (since the contract says the membership shouldn't be bought as a way to "make money"). I haven't even started looking into Interval International. Sales person said my family will be able to enjoy all the business-class transit lounges at airports for free with the II Elite status, etc., which sounded attractive to my spouse. There's probably more. I now feel a lot of this can probably either exaggerated or plain untrue.
Just wondering if anyone can tell me how bad of a deal I got into. I now read (in TUG) that it is probably useless to try to sell my membership (probably won't recoup 60+% of what I paid, as was suggested as "worst case" scenario by the salesperson), right?
It seems like the best I can do at this point is: 1. try to use and enjoy the membership, 2. hope that II exchange actually works (with $174 fee for each exchange, as they said), 3. hope that maintenance fees either don't go up or only goes up a little in the next 30 years, 4. when we get too old or for some reason unable to use the membership anymore, just give it back to Villa (UVC) and cut the losses on the yearly maintenance fees. Even the best case scenario feels a bit sad. Really wish I didn't buy (even talked my spouse into it).
Or is there anything else I can do? Certainly many things were said in the presentation that are probably lies, but it's not on writing, so I guess there's no way to claim misrepresentation to Profeco and argue out of the contract.
Give me to me straight. I would like to know the depth of my stupidity in this case. I don't think we even negotiated the membership fee well (US$15K for 1100 points).