sftballer1
TUG Member
Hello All:
We just got back from the Mayan Palace Regency - Riviera Maya. We have had a timeshare for along time but are still not well versed in timeshare ownership except for complaining about our maintenance fees and RCI. Here is the deal. Please give me your advice.
Price: 20,816.00
Closing: 1414.00
IVA Tax: 3333.00
Total: 25,563.00
Purchase was: One Registered week and One Vacation Fair Week (Bonus week that can be exchanged,traded, etc.) in a Master Suite - 2bd,2bth, Kitchen (lockoff for hotel unit and 1 bedroom); 5 years of RCI, 1 year of Holiday Systems International (HSI) which includes 25 Breakaway weeks, lifetime membership into SFX. They gave me wholesale credit for my current resort (Morritt's Tortuga Club 2bd,2bth Ocean and Pool) weeks of $29000 and let me keep my weeks to sell or keep if I wanted to.
Other Information: I have to rent the Vacation Fair week through one of their brokers for the first 5 years. They indicated that I would get at least $1700 (net) from the rental of these units through the broker.
Interesting Point: They showed in their sales brochures that they (Mayan Group) were ranked number 3 on trading power which would mean that I would have an advantage over most others????
Is this a good deal or should I just cancel the contract?
We just got back from the Mayan Palace Regency - Riviera Maya. We have had a timeshare for along time but are still not well versed in timeshare ownership except for complaining about our maintenance fees and RCI. Here is the deal. Please give me your advice.
Price: 20,816.00
Closing: 1414.00
IVA Tax: 3333.00
Total: 25,563.00
Purchase was: One Registered week and One Vacation Fair Week (Bonus week that can be exchanged,traded, etc.) in a Master Suite - 2bd,2bth, Kitchen (lockoff for hotel unit and 1 bedroom); 5 years of RCI, 1 year of Holiday Systems International (HSI) which includes 25 Breakaway weeks, lifetime membership into SFX. They gave me wholesale credit for my current resort (Morritt's Tortuga Club 2bd,2bth Ocean and Pool) weeks of $29000 and let me keep my weeks to sell or keep if I wanted to.
Other Information: I have to rent the Vacation Fair week through one of their brokers for the first 5 years. They indicated that I would get at least $1700 (net) from the rental of these units through the broker.
Interesting Point: They showed in their sales brochures that they (Mayan Group) were ranked number 3 on trading power which would mean that I would have an advantage over most others????
Is this a good deal or should I just cancel the contract?