CampingMan
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Hi All,
My family went on an awesome vacation to the Smoky Mountains last week.
We stayed in a cabin for 3 nights, then hotels for the other 3. On the second to last day of our vacation, we were walking in Gatlinburg when we were hit up for free tickets and cash from a Wyndham Vacation Resorts time share vendor.
We listened to him for a while and he offered us $100 credit card, and 3day/2night hotel voucher if we agree to take a 2 hour tour the following morning. OK, why not? Also somewhat interested in the timeshare thing.
So, we went to the meeting at 9:30am with our 2 young children (the guy said there would be plenty for them to do and it would be fun for them).
We show up and everyone's friendly and we meet our sales agent. We're taken upstairs to a TINY table in a crowded room full of people. First thing going through my head is, ok, how long are the kids going to last?!
So we sit down and start chit chatting... about an hour and a half goes by and then we get the video presentation and then take a tour of the actual resort in Sevierville. All looks nice. Kids are doing really good but we're about 3 hours into it. So we get back to the table to discuss how much this thing actually costs and have to listen to the whole rent a hotel/vs own a timeshare deal. By the way, the sales agent had only been there a week and didn't really know what she was doing, and her manager was on vacation. So when I start asking questions we get another guy to help her. He is nice, but very impatient in my opinion. First package they show will cost us over $500/mo and was like $30k. I said there's no way we could afford this. We get down to a 105,000 point/year package that costs $15,949. Broken down to monthly payments and split between a couple of financing options it didn't sound that bad, but they were very fast with the numbers and didn't want to spend too much time going over all the details. We were told we could get the payments down to an affordable amount if we just refinanced the amount through our local bank since we had A++ credit (starting to sound familiar??)...
Also we were enrolled in RCI where we could get 1 week hotel stays for $199 anytime, LeisurePlan that saves us 50% on hotels, VIP status since we got 195,000 bonus points good for 2 years, and some rewards thing. To me it was just a lot of extras designed to look and sound good but actually confuse you.
So, we ended up saying yes. Immediately we get the sparkling cider, cheese & crackers, and our pictures taken...
Now it's about 4 hours in. Since about 3 hours in we're were told "it will only be a few more minutes..." Kids are still doing pretty good, but getting a little fussy.
Now, we are taken downstairs and have to sign a mountain of paperwork.
Long story short, my wife and I got out in the parking lot (almost 7 hours later) and were like "What did we just do???" Besides, we just lost most of our last vacation day.
Thanks to this BBS we see others who have gone through this and realize it's possible to cancel the contract (we are only 3 days in since signing). So Monday I'll send the rescission letters out and hope everything goes well.
We normally don't fall for this stuff, but they are quite friendly, everything looks nice, and they move very quick.
PLEASE, ANYONE GOING TO THE TOUR, DO NOT GO THROUGH WITH THIS UNTIL YOU'VE DONE SOME HOMEWORK!!!
I never considered buying a time share until this, and I wish I would have just said NO, and taken my $100 and 2 night hotel voucher.
I hope this story helps others who have just signed with Wyndham and are wondering, what the heck did we just do and can we get out of it?
They didn't tell us that we had 10 days to cancel for a reason.
Oh, and we were promised a 5day/4night Orlando vacation if we sign, which we cleverly did not get with our gifts, they told us they would mail it.
I have some questions:
- Does rescinding on a contract like this have any negative effects on our credit?
- The re-sale offers for a fraction of the price, do you own the timeshare or are you just renting? How does this work, where are some good resources for more info?
- Do you think we still get to keep the $100 and 2night hotel voucher, which were "free gifts"
I'll keep you posted on our situation. I read the post from Brian who went through the same ordeal last month and it was very helpful.
THANK YOU!!
My family went on an awesome vacation to the Smoky Mountains last week.
We stayed in a cabin for 3 nights, then hotels for the other 3. On the second to last day of our vacation, we were walking in Gatlinburg when we were hit up for free tickets and cash from a Wyndham Vacation Resorts time share vendor.
We listened to him for a while and he offered us $100 credit card, and 3day/2night hotel voucher if we agree to take a 2 hour tour the following morning. OK, why not? Also somewhat interested in the timeshare thing.
So, we went to the meeting at 9:30am with our 2 young children (the guy said there would be plenty for them to do and it would be fun for them).
We show up and everyone's friendly and we meet our sales agent. We're taken upstairs to a TINY table in a crowded room full of people. First thing going through my head is, ok, how long are the kids going to last?!
So we sit down and start chit chatting... about an hour and a half goes by and then we get the video presentation and then take a tour of the actual resort in Sevierville. All looks nice. Kids are doing really good but we're about 3 hours into it. So we get back to the table to discuss how much this thing actually costs and have to listen to the whole rent a hotel/vs own a timeshare deal. By the way, the sales agent had only been there a week and didn't really know what she was doing, and her manager was on vacation. So when I start asking questions we get another guy to help her. He is nice, but very impatient in my opinion. First package they show will cost us over $500/mo and was like $30k. I said there's no way we could afford this. We get down to a 105,000 point/year package that costs $15,949. Broken down to monthly payments and split between a couple of financing options it didn't sound that bad, but they were very fast with the numbers and didn't want to spend too much time going over all the details. We were told we could get the payments down to an affordable amount if we just refinanced the amount through our local bank since we had A++ credit (starting to sound familiar??)...
Also we were enrolled in RCI where we could get 1 week hotel stays for $199 anytime, LeisurePlan that saves us 50% on hotels, VIP status since we got 195,000 bonus points good for 2 years, and some rewards thing. To me it was just a lot of extras designed to look and sound good but actually confuse you.
So, we ended up saying yes. Immediately we get the sparkling cider, cheese & crackers, and our pictures taken...
Now it's about 4 hours in. Since about 3 hours in we're were told "it will only be a few more minutes..." Kids are still doing pretty good, but getting a little fussy.
Now, we are taken downstairs and have to sign a mountain of paperwork.
Long story short, my wife and I got out in the parking lot (almost 7 hours later) and were like "What did we just do???" Besides, we just lost most of our last vacation day.
Thanks to this BBS we see others who have gone through this and realize it's possible to cancel the contract (we are only 3 days in since signing). So Monday I'll send the rescission letters out and hope everything goes well.
We normally don't fall for this stuff, but they are quite friendly, everything looks nice, and they move very quick.
PLEASE, ANYONE GOING TO THE TOUR, DO NOT GO THROUGH WITH THIS UNTIL YOU'VE DONE SOME HOMEWORK!!!
I never considered buying a time share until this, and I wish I would have just said NO, and taken my $100 and 2 night hotel voucher.
I hope this story helps others who have just signed with Wyndham and are wondering, what the heck did we just do and can we get out of it?
They didn't tell us that we had 10 days to cancel for a reason.
Oh, and we were promised a 5day/4night Orlando vacation if we sign, which we cleverly did not get with our gifts, they told us they would mail it.
I have some questions:
- Does rescinding on a contract like this have any negative effects on our credit?
- The re-sale offers for a fraction of the price, do you own the timeshare or are you just renting? How does this work, where are some good resources for more info?
- Do you think we still get to keep the $100 and 2night hotel voucher, which were "free gifts"
I'll keep you posted on our situation. I read the post from Brian who went through the same ordeal last month and it was very helpful.
THANK YOU!!