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Can you cancel “teaser” at end of timeshare presentation?

C

chillin

TUG Member
Joined
Jan 28, 2020
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We went to a timeshare presentation. Tempting, but didn’t buy. Before we left they offered us 4 nights 5 days for $1000, to entice to come back later and review again. After reading threads, I’m convinced we’re not interested. The receipt reads “mortgage” as it will be applied against anything we purchase next stay. Is this a contract I can say “ no thank you “ to? Well within a 7 day option period.
Smoky Mountain Resort. Very nice, but I think I’ll pass, if able.
 
Yes, I believe you can cancel it. The "opportunity" comes with another presentation, and who wants to deal with another high-pressure sales' meeting.
 
I think the promo trips are not cancelable like the actual timeshare purchase. I hope I'm wrong for your sake.
The last time I bought one from Diamond/DRI I found the inventory was very limited and you can only go to a resort that has a sales office and only if that resort is generally not at capacity at the season you want.
Good luck to you to cancel
 
If the contract for the promo package has a cancellation clause in it, you can cancel within the timeframe. Read through the paperwork. The rules around cancellation of these types of packages depend on the state.
 
dioxide45 said:
If the contract for the promo package has a cancellation clause in it, you can cancel within the timeframe. Read through the paperwork. The rules around cancellation of these types of packages depend on the state.
Click to expand...
Thanks all. Looks like I’ll have to research Tennessee rules. As for cancellation clause, all we got was a receipt for “mortgage”.
 
chillin said:
Thanks all. Looks like I’ll have to research Tennessee rules. As for cancellation clause, all we got was a receipt for “mortgage”.
Click to expand...
A receipt for Mortgage doesn't make sense since you didn't finance and I am sure your purchase isn't secured by a mortgage.
 
Agreed. Nowhere on the receipt does it say “nonrefundable”, nor was I informed of any terms to that effect.
 
Ah. So our package had a thumb drive. In addition to travel info, package had Full contract on it. In vs addition to being very limited on our options (unless we want to go to FL), very last line of contract (line 7 says…” not subject to cancellation. It is expressly understood and agreed that this agreement is not subject to cancellation.”.
Since this was never briefed to us, I would have to think that there’s no such thing as expressly understood and agreed.
 
chillin said:
Ah. So our package had a thumb drive. In addition to travel info, package had Full contract on it. In vs addition to being very limited on our options (unless we want to go to FL), very last line of contract (line 7 says…” not subject to cancellation. It is expressly understood and agreed that this agreement is not subject to cancellation.”.
Since this was never briefed to us, I would have to think that there’s no such thing as expressly understood and agreed.
Click to expand...
They don't need to verbally brief you about something you should really be reading before signing. Your signature is indication you expressly understood and agreed.
 
How would a Sales Office Respond if the possible buyer insisted on Reading and analyzing the entire Contract. I remember when we bought into the Residence Club at Seaside Oregon part of the Contract said that we had personally inspected the Unit in which we were buying a 1/13th share. We asked for the Inspection and they went nuts. An Owner was staying in the Unit and refused entry. We finally agreed on inspecting the Unit on the 5th Floor directly below the Unit on the 6th Floor in which we were buying into. The Sales Folks were sweating. I do not think anyone else had ever invoked the Inspection Clause. We had viewed several other 3 Bedroom Delux Units as part of the Sales Pitch.
 
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Just rescind. You might be lucky and it works.
 
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