Hi - New Member Here - I was doing my research on timeshares, and I really think it's something I want to do, but maybe right now isn't the time. I saw this thread and felt I had to comment.
Anyway, back in September of 2008 I came to Hilton Hawaiin Village using points I'd accumulated from work. I took the presentation tour, and at the time my finances weren't exactly where I wanted them to be in order to justify the purchase. The presentation was quick, and I was out of there in less than two hours. The main reason I was there was for the 20,000 HHonors points anyway, and the girl knew it.
I took the tour again this month as I was back here again, only this time on a paid trip for business. (I know, it's a rough life). The sales has certainly changed. During 08 when I stated I was not interested due to the cost, etc, the discussion ended after the second "bonus" offer of a free airline ticket on AA. Having been through a high pressure Wyndham pitch, this was a breeze. I discounted it because I was Diamond, and figured they don't wanna hack off their top tier customers.
This was not the case this time around. I was acknowledge for being Diamond the third year in a row, but after that I felt like I was back at Wyndham. The pressure was on.
I have to admit, there are some aspects of the program that are really appealing to me. Specifically the cash rates aspects. More than anything this swayed me and I succumb to the pressure, signed my name on the dotted line, and actually felt pretty good about the purchase. Then I started looking at resell and decided that I'd be better off going that route when I felt the time was really right. Call it buyer's remorse, but I had it.
During the sales, a 7 year loan was discussed due to the lower amount and my desire to avoid long term debt. They wouldn't do a five year. I really didn't care as I planned to pay it off in a year or two anyway. My finances are almost where I want them, but I figured I'd do the American thing and spend money I don't have for a while. Then when I reviewed the paperwork I found I actually had a 10 year loan with an admin fee for the credit card payments. I ran the numbers on this and the $1300 maintenance, and decided that I'd be better off to wait for this kind of purchase, and preferably, pay cash.
She certainly knew how to push my buttons and drive the sale. This all happened Saturday morning. Tuesday morning I went to the post office and mailed in my cancellation letter, signed, certified, return receipt. Then I got called in my hotel room Friday afternoon while I was out. Again on Saturday morning.
I was offered an additional 5,000 bonus points to change my mind. Warned of how the resale market is big bad and scary, and how I'll never find a good deal because Hilton will use first right of refusal to avoid selling it to me, and I'll never have elite status with those points. I turned down the additional offers, and said I want to cancel. I think what got me was being misled by the loan. If they can misled you there, then what else?
In the end, I'm a little put off by the entire thing. This, along with the recent devaluation of HHonors, makes me reconsider my paid business stay loyalty.
Lengthy, but I wanted to comment, yes, the pressure is on at Hilton. Plus, I needed to vent just a little too.

One of these days I'm sure I'll be an owner, so I'll be browsing the forums and such. Today just isn't the time for me.