nhernan1986
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- Aug 23, 2011
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Hello everyone. My wife and I just bought a timeshare from then on Friday and are panicking a bit. Truthfully we were unprepared because we knew nothing about timeshares prior to our meeting. We are committed vacationers (both 25 and I'm leaving the US Navy in October to move back to Florida). DID WE MAKE A MISTAKE?? We are still within our rescinding period of 7 days as stated in our contract. Here is what we were offered...
1br Villa 180,000 points value for total purchase price of 17,000. (1st offer was at 24,000). The interest was ridiculous at 14.9% and was non-negotiable. Payments are 250 on a 10yr loan which we plan on paying off in 3yrs to save. In addition, they told us that if we didn't stay at the Welk Resort that we would get 3 weeks of vacation time per year as an incentive...
Questions:
*Is this a good timeshare to buy?
*Did we pay too much?
*We are not concerned much with staying at Welk resorts, we are really interested in traveling worldwide so how useful is this amount of points?
Thank you so much for your help!!
1br Villa 180,000 points value for total purchase price of 17,000. (1st offer was at 24,000). The interest was ridiculous at 14.9% and was non-negotiable. Payments are 250 on a 10yr loan which we plan on paying off in 3yrs to save. In addition, they told us that if we didn't stay at the Welk Resort that we would get 3 weeks of vacation time per year as an incentive...
Questions:
*Is this a good timeshare to buy?
*Did we pay too much?
*We are not concerned much with staying at Welk resorts, we are really interested in traveling worldwide so how useful is this amount of points?
Thank you so much for your help!!