GEVC / RCI retail purchase - should we cancel?

[nativesun1979]

We attended a timeshare presentation yesterday and purchased it is global exchange vacation club with 10,000 points annually and a 136 maintenance fee in addition to 124 membership annually to RCI. It allows one last call vacation per year and unlimited ex re a vacations through RCI. Purchase was almost 6k. Can someone please tell us if we made a mistake.

I would be interested in canceling if I can find a way to get the same type of access on the resale market please hep us newbies

 

[tschwa2]

Well, a biennial 1 br grandview could get you 49,000-61,000 rci points every other year full access to rci points (same membership fee) for around $350 MF EOY. It might be hard to find one specifically like but you should be able to get one for $2000-3000

 

[nativesun1979]

Well, a biennial 1 br grandview could get you 49,000-61,000 rci points every other year full access to rci points (same membership fee) for around $350 MF EOY. It might be hard to find one specifically like but you should be able to get one for $2000-3000

Does this access give us access to last minute and unlimited extra vacations? They used that as a major selling feature. Last call with gevc costs 209 and up to 9,000 points

 

[tschwa2]

Yes but the last calls available for 6500-9000 points plus the $209 exchange fee are usually the exact same ones you can get using no points and $244 or less in the last call rental section.

 

[nativesun1979]

Yes but the last calls available for 6500-9000 points plus the $209 exchange fee are usually the exact same ones you can get using no points and $244 or less in the last call rental section.

Please excuse my ignorance. Is the last call rental section through the rci website or this forum?

 

[Passepartout]

ANY RCI membership gives access to unlimited Last Call (cash) rentals as well as 'Extra Vacations'- also cash paid without any point transaction and no exchange fees.

In short, I'd rescind your retail purchase, and find a resale that appeals to you. TUG can help you sort out the 'wheat from the chaff'.

 

[Rent_Share]

There is one law of Timeshare Presentations - If the salesman, (or anyone associated with the presentation) lips are moving they are LYING - Rescission rights are determined by where the transaction was signed.

Whatever you bought, read the rescission instructions and follow them exactly. No matter what manner of proof of delivery you feel is superior, use the method described in the rescission clause to the letter.

Do not take or return any calls, be patient in waiting for your refund

Do not accept them to acknowledge your cancellation

Return any crap they gave you, you can be creative in how you chose to send that back

 

[nativesun1979]

Rescinded. Picked up call last night bc I didn't realize it was them. He tried to see if I would reconsider but I indicated it was due to personal reasons. He stated my cc will be refunded and requested I return the materials. I indicated I would return them after I get back in town.

Thanks for all the advice. We plan on eventually buying one from bargain basement or ebay. We saved almost $6,000 by canceling the retail TS purchase.

 

[Karen G]

Rescinded. . . .
Thanks for all the advice. We plan on eventually buying one from bargain basement or ebay. We saved almost $6,000 by canceling the retail TS purchase.

Congratulations! Another place you can look is the Bargain Deals forum on TUG.

 

[k048409]

Rescinded. Picked up call last night bc I didn't realize it was them. He tried to see if I would reconsider but I indicated it was due to personal reasons. He stated my cc will be refunded and requested I return the materials. I indicated I would return them after I get back in town.

Thanks for all the advice. We plan on eventually buying one from bargain basement or ebay. We saved almost $6,000 by canceling the retail TS purchase.

What did you include in your letter to rescind for them? We just purchased GEVC with RCI points this morning and are having second thoughts. We want to make sure the letter has all the correct information so they can't reject it

 

[vacationtime1]

No magic words. Just write something to the effect that "we are cancelling contract #_____ for the purchase of _____ signed on _____".

Everyone who signed the purchase contract must sign that letter.

Send the letter to the address indicated. We recommend doing that by a method that creates a proof of mailing; you may end up sending multiple copies, one by the method required by the paperwork and another to create the proof of mailing.

Congrats for dodging a bullet.