• Please check out the review contest thread here vote for the best review and cast your vote for the best review to start 2020! winner gets a $50 gift card!
  • The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG is starting a new contest that will award $50 to the best review submitted within the next two weeks!!

    Read more here
  • TUG has now saved timeshare owners more than $14,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $14 Million dollars
  • We completed the upgrade of the TUGBBS forums recently and are still working on issues/customizations/changes etc. Please post in the thread in the ABOUT TUGBBS section with your feedback. Note if you are unable to log in or access the forums please email us at tug@tug2.net!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

[ 2014 ] Trade-in to Timeshare Equity Services

Silvia69

Guest
Joined
Jan 21, 2014
Messages
1
Reaction score
0
Points
0
Time Share Equity

Frank Towers, did you have any luck with TES? We just purchased a timeshare with Gran Solmar in Cabo and they said TES would be taking our timshare in Florida. We are just concerned that they will not go through with their part. :(
 

Karen G

Moderator
Joined
Aug 17, 2004
Messages
8,905
Reaction score
879
Points
699
Location
Henderson, NV
Resorts Owned
Once owned these: FirstFairway@Walden X 2; Lawai Beach; ManhattanClub; PuebloBonitoRose; 4 South Africa--now timeshare-free
Frank Towers, did you have any luck with TES? We just purchased a timeshare with Gran Solmar in Cabo and they said TES would be taking our timshare in Florida. We are just concerned that they will not go through with their part. :(
Sylvia how long ago did you purchase Gran Solmar? Are you within your five-day right of rescission period? If so, rescind while you still can. Do some more research. The deal will still be there if you decide it is what you really want, but once the five business days pass you will be stuck with it.
 

bluecheeze

Guest
Joined
Sep 21, 2016
Messages
1
Reaction score
0
Points
0
Location
California
Timeshare Equity Services

We were offered a "trade in" value for our old timeshare (El Cid) when we purchased a new time share (Grand Solmar). The cost of the new one was discounted by the trade in.
Now through Timeshare Equity Services we have an option to retain the old one, why wouldn't we want that to use for trading for other locations?
But TES is asking us to pay $1500 for the paperwork between the 2 time share companies.

QUESTIONS: If we are retaining full ownership of our old timeshare property, how can the equity be used for the purchase of the new one?
In essence, the new time share company discounted the purchase price by the trade in value. Therefore there is no transfer of property between the old one and the new one, and therefore no need for Timeshare Equity Services.

Am I thinking this through correctly or missing something....please help!
I sure enjoyed the discussion previously.
Thanks!
 
Last edited:

theo

TUG Review Crew: Veteran
TUG Member
Joined
Mar 21, 2007
Messages
8,456
Reaction score
1,361
Points
448
Location
New England Coast
We were offered a "trade in" value for our old timeshare (El Cid) when we purchased a new time share (Grand Solmar). The cost of the new one was discounted by the trade in.
Now through Timeshare Equity Services we have an option to retain the old one, why wouldn't we want that to use for trading for other locations?
But TES is asking us to pay $1500 for the paperwork between the 2 time share companies.

QUESTIONS: If we are retaining full ownership of our old timeshare property, how can the equity be used for the purchase of the new one?
In essence, the new time share company discounted the purchase price by the trade in value. Therefore there is no transfer of property between the old one and the new one, and therefore no need for Timeshare Equity Services.

Am I thinking this through correctly or missing something....please help!
I sure enjoyed the discussion previously.
Thanks!
1. The "trade in discount" was just smoke and mirrors; a common and long standing ploy in 'ol Mexico. Chances are very good that others have paid the same (or less) for the very same RTU contract without any such "trade in". In essence, the "trade in discount" was just a shiny lure dangled in front of you as "bait" --- and you bit.

2. Afaik, You didn't / don't actually have any "ownership" anyhow and, accordingly, no "equity". You almost certainly just have a right to use (RTU) contract, probably date defined (commonly 20, 30 or 40 years). Actual resale market value of your RTU contract was / is is likely somewhere squarely between very low and zero.

3. Asking you to pay $1500 to "keep" the (traded in) contract that you already had is essentially just more gringo dollar extraction. They don't want your "traded in" RTU contract anyhow. It is worthless to them --- and they will now promptly and gladly take $1,500 more from you to let you "keep" it. It's your decision whether it has sufficient value for use or exchange to warrant continuing to pay annual fees --- plus the new one-time $1,500 charge just to "keep" what you already had anyhow.

I apologize if this summation seems harsh, but it is nonetheless accurate. You're examining the matter as if "on the up and up". It isn't, plainly and simply stated.
 
Last edited:

TulumTom

Guest
Joined
Jan 12, 2017
Messages
2
Reaction score
0
Points
1
Resorts Owned
Tulum and Cabo
Timeshare Equity Services

We were offered a "trade in" value for our old timeshare (El Cid) when we purchased a new time share (Grand Solmar). The cost of the new one was discounted by the trade in.
Now through Timeshare Equity Services we have an option to retain the old one, why wouldn't we want that to use for trading for other locations?
But TES is asking us to pay $1500 for the paperwork between the 2 time share companies.

QUESTIONS: If we are retaining full ownership of our old timeshare property, how can the equity be used for the purchase of the new one?
In essence, the new time share company discounted the purchase price by the trade in value. Therefore there is no transfer of property between the old one and the new one, and therefore no need for Timeshare Equity Services.

Am I thinking this through correctly or missing something....please help!
I sure enjoyed the discussion previously.
Thanks!
Hey, Bluecheeze - what did you decide, and were you able to come up with any new information? I'm just now facing the same situation with TES where they have given us a counter off to allow us to keep the t/s we had arranged to have them 'buy back', in exchange of course for $4,000 extra, on top of the $2,000 admin fee/processing fee. I've said 'go fish' to this offer and they're countering again with "well, what will it take in price reduction to go along with our deal".
I have the same questions as you did (above) and the whole thing sounds too fishy. What did you end up doing?

Thanks
Seattleman
 

T-Dot-Traveller

TUG Member
Joined
Jun 10, 2015
Messages
2,401
Reaction score
1,189
Points
223
Location
Canada
Resorts Owned
Mayan Palace Regency
Taranova
Tulum Tom,
IF - you want the El Cid ( and only if !!!) counter offer .

If sold on ebay it goes for $ 1 or so . Under $ 500 will likely get it back.
( ie your paperwork / chances are it is still in your name as far as El Cid is concerned )

If you want it -I would start at no more than $ 100
and then flea market bargain .

( less than $ 100 - they probably tell you to go fish )

This comes up in the Mexican Forum regularly
 

TulumTom

Guest
Joined
Jan 12, 2017
Messages
2
Reaction score
0
Points
1
Resorts Owned
Tulum and Cabo
The property being exchanged is actually in Tulum, and its been worth it to us only as a property to exchange thru RCI. We've never stayed in that resort since its mandatory all inclusive, and we don't see the value in paying all inclusive fees. But i like your idea of starting very low, hopefully they'll take the bait. Thanks for the tip.
T
 

Tuckerdog

Guest
Joined
Jan 23, 2020
Messages
1
Reaction score
0
Points
1
I am happy to report that today I was able to confirm that Timeshare Equity Services (TES) did indeed transfer the Cabo Villas timeshare that I traded in out of my name. I'm of course very happy that they did what they said they would do. The transfer was completed within about 2 months (mid-Feb) but only now have I been able to get through to someone at Cabo Villas to confirm the transfer did in fact take place. I wanted that confirmation before posting the good new re TES. I understand all the warnings and concerns that had been expressed about my transaction, but in this case everything worked as it should and TES did exactly what they promised.
Just writing you to reaffirm that you were able to get out of your timeshare through TES. Guessing you paid $995 for this to happen? Were there any hassles along the way? I am going through something similar with TES and just want these timeshares out of my name. Thanks for responding back.
 

LannyPC

TUG Member
Joined
Jul 5, 2010
Messages
2,943
Reaction score
662
Points
248
Location
British Columbia
Just writing you to reaffirm that you were able to get out of your timeshare through TES. Guessing you paid $995 for this to happen? Were there any hassles along the way? I am going through something similar with TES and just want these timeshares out of my name.
Keep in mind that you are responding to a post that's over five years old. You can try to contact the OP via personal message.

You said you were "going through something similar with TES". Have you paid them anything yet? If so, how long ago and what did TES promise to do for you?
 
Top