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- Feb 2, 2012
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Hello, need some advice from the group.
We bought a timeshare in Puerto Vallarto thinking it's a good investment since the sales people promised 8 years of guarantee rents that would break even and made money on the timeshare. The purchase came with free 7-year membership to Dream Yacht Club, and they also gave us a free introductory cruise the next day. Well, timeshare is hardly an investment and the promise of guarantee rent is probably from a fly-by-night travel agency. So we cancelled the contract within the 5 days period, but we did take the cruise as part of the membership.
The problem is that the timeshare said when we took the cruise (which is not part of the "free gift" of attending the presentation, but part of the timeshare purchase), we signed a waier with the Dream Yacht Club. That yacht waiver contained the usual about ride at your own risk, etc. , but it also had a clause that said "if I stop being a member of the yacht club, I have to reimburse the introductory cruise of $1500 USD". That' $1500 for a 3 hour small boat ride with 4 people, I think the going rate for a 3-hour boat ride with 4 people is about $400.
Dream Yacht Club let me stayed with the membership without the timeshare, but it's ridiculously expensive ($8500 USD membership, plus $320 per year for 7 years). So ditching the timeshare and pay for the membership myself seem like a rip off by itself. I think that's how the timeshare works with the Dream Yacht Club to hook you back in to the timeshare deal.
I don't want to buy a timeshare just for the yacht membership, and I don't want to pay for the Yacht membership myself ($8500+$320x7). The cheapest option seem to pay for the $1500 fee according to the waiver.
I am seeking advice on whether people were sucessfully negotiate down the $1500 "intro curise" fee from these fractional yacht membership. I am thinking that having bad reviews on them would be a good bargaining chip, any other suggestions? Can that cruise waiver contain a fee clause?
Thanks in advance
We bought a timeshare in Puerto Vallarto thinking it's a good investment since the sales people promised 8 years of guarantee rents that would break even and made money on the timeshare. The purchase came with free 7-year membership to Dream Yacht Club, and they also gave us a free introductory cruise the next day. Well, timeshare is hardly an investment and the promise of guarantee rent is probably from a fly-by-night travel agency. So we cancelled the contract within the 5 days period, but we did take the cruise as part of the membership.
The problem is that the timeshare said when we took the cruise (which is not part of the "free gift" of attending the presentation, but part of the timeshare purchase), we signed a waier with the Dream Yacht Club. That yacht waiver contained the usual about ride at your own risk, etc. , but it also had a clause that said "if I stop being a member of the yacht club, I have to reimburse the introductory cruise of $1500 USD". That' $1500 for a 3 hour small boat ride with 4 people, I think the going rate for a 3-hour boat ride with 4 people is about $400.
Dream Yacht Club let me stayed with the membership without the timeshare, but it's ridiculously expensive ($8500 USD membership, plus $320 per year for 7 years). So ditching the timeshare and pay for the membership myself seem like a rip off by itself. I think that's how the timeshare works with the Dream Yacht Club to hook you back in to the timeshare deal.
I don't want to buy a timeshare just for the yacht membership, and I don't want to pay for the Yacht membership myself ($8500+$320x7). The cheapest option seem to pay for the $1500 fee according to the waiver.
I am seeking advice on whether people were sucessfully negotiate down the $1500 "intro curise" fee from these fractional yacht membership. I am thinking that having bad reviews on them would be a good bargaining chip, any other suggestions? Can that cruise waiver contain a fee clause?
Thanks in advance