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Bought Spinnaker Timeshare in Daytona Florida is this a good buy?

t24moore

Guest
Joined
Nov 4, 2024
Messages
3
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Resorts Owned
Royal Floridian Ormund Beach
Hello everyone and thank you in advance for any help here. 2 days ago I attended a Spinnaker presentation and the offered me a condo with unlimited getaways and every other year for $8000 and its located in the Royal Floridian on Ormund beach. I have my reservations about timeshares but this SEEMED to me like it was a great deal but I would like to see what the experts here say.

Thomas
 

jwalk03

TUG Review Crew: Expert
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You should rescind while you still can. Florida law allows you 10 days. Follow the recession instructions in your contract and keep proof that you mailed a letter prior to the deadline. Save yourself $8000! You can get a spinnaker deed for zero dollars on the resale market.
 

dioxide45

TUG Review Crew: Expert
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Location
NE Florida
Resorts Owned
Marriott Grande Vista
Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
You are still in your rescission period, so I would suggest that you cancel. You have plenty of time to do more research but a limited time to cancel.

You can find timeshares that also get unlimited getaways through RCI or II for a fraction of that cost. $0 in many cases.
 

vacationtime1

TUG Review Crew: Veteran
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WKV x2 (Scottsdale)

amycurl

TUG Review Crew
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View all of this as great news--the value that you saw as being worth $8K is still there, but you can get all of that for almost nothing! Timeshares can be a great way to take excellent vacations in spacious accommodations at a reasonable price, but they do take research and understanding to do so. Take your time to research and congratulations on finding us in time to rescind!
 

dioxide45

TUG Review Crew: Expert
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Marriott Harbour Lake
Sheraton Vistana Villages
Club Wyndham CWA
Thank you all for the fast replies! Writing cancellation letter right now!
You can get a far better timeshare in a far better location (perhaps with higher maintenance fees) for far less than $8000. I suspect you bought an every other year studio?
 

t24moore

Guest
Joined
Nov 4, 2024
Messages
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Resorts Owned
Royal Floridian Ormund Beach
View all of this as great news--the value that you saw as being worth $8K is still there, but you can get all of that for almost nothing! Timeshares can be a great way to take excellent vacations in spacious accommodations at a reasonable price, but they do take research and understanding to do so. Take your time to research and congratulations on finding us in time to rescind!
I appreciate everyone. At the time I had this nagging feeling that I should walk away but then the salesman knocked another $1400 off the price so that helped pushed me over the edge. But something still didnt sit right with me and I decided to just search around for opinions. I owe you all 8000 likes!
 

TUGBrian

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wow, welcome to TUG! you just saved yourself $8000 bucks!
 
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