Exchanging with RCI after the fact??

[shcat5]

Feel free to giggle at the new kid...

So we purchased our timeshare in late November. The paperwork should finalize during the first or second week of January. (yes, we made the classic rookie mistake of buying from a resort). The week we bought is the first week of January.

Now, I have been told that we can still deposit our "week" at RCI AFTER the week has passed. How is that possible? That just seems crazy to me.

The reality- we like our week and location but have no chance to use it- so we will deposit it and see if we get anything...will we? Is there any other option?

 

["Roger"]

In all likelihood, the resort deposited a number of weeks in anticipation that they would otherwise go unused. In addition to trying to make a sale to whomever trades for those weeks, they can also pass on the deposited week to new owners like yourself.

 

[gmarine]

I'm not an RCI member anymore but I dont see how RCI would give you credit for a deposit that they cant in turn give to another RCI member. I believe you may have been given wrong info. I would confirm with RCI and the resort.

Your usage begins in 2009 and you paid maintenance fees for 2009 but the paperwork wont be completed until after your week passes? Is that what you are saying? If so that is very strange.

 

[laura1957]

Not so strange - same thing happened to me when I purchased my first TS. It was a floating week and they had nothing much left - certainly nothing I wanted or could use. Somehow (I do NOT know how) the resort space banked a week and I had 2 weeks to use it thru RCI. I don't know what they did but it did work out great for us.

 

[gmarine]

Not so strange - same thing happened to me when I purchased my first TS. It was a floating week and they had nothing much left - certainly nothing I wanted or could use. Somehow (I do NOT know how) the resort space banked a week and I had 2 weeks to use it thru RCI. I don't know what they did but it did work out great for us.

A floating week is different. Your resort had choices of weeks, even though ones that you couldnt use, but had something to give to RCI.

In the case of the OP it is a fixed week that will have passed. Similar to what Roger suggested, the resort could have some sort of agreement to apply a previously deposited RCI week to the OPs account. If thats the case the OP should confirm that in writing with the resort and RCI.

 

[laura1957]

A floating week is different. Your resort had choices of weeks, even though ones that you couldnt use, but had something to give to RCI.

In the case of the OP it is a fixed week that will have passed. Similar to what Roger suggested, the resort could have some sort of agreement to apply a previously deposited RCI week to the OPs account. If thats the case the OP should confirm that in writing with the resort and RCI.

That is what I was trying to say - the resort themselves deposited that week for us - so if they say that it COULD be done, it probably can be. I would still think that they have weeks that are not being used that they could deposit for them.

 

[dwsupt]

Same here

I had a similiar experience in October. My deal closed in late Oct. But my week expired in early Oct. The resort "pulled the week back" They had already deposited it in II. They re deposited in my name so I strted with 1 week in II before I paid my first dues check. As Allen says.."Is this a great country or what?"

 

[caribbean]

The resort probably does bulk banking and they will simply assign one of those weeks to you.