• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG started 27 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Check out our happy birthday post here: Happy Birthday TUG!
  • TUG has now saved timeshare owners more than $15,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $14 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Ochsnrn

TUG Member
Joined
Jul 31, 2016
Messages
3
Reaction score
0
Points
1
Location
Oklahoma
LannyPC, good point. Yes actually last night after actually joining TUG, (to show support as appreciation for the help I found!) I was looking at renting. That will definitely be a good option for us and likely do some try before we buy at least.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
up to 7.9 million saved now!!! amazing!!!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
with an HGVC rescission today we broke 8 million dollars in savings to owners just by finding us in time to rescind!

incredible!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
just hit 600 people confirmed here on the forums that found us in time to rescind a new purchase after discovering the resale market!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
7 confirmed rescissions for a total of 93k just in March 2017 alone!

greatest timeshare forum on the internet! =)
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
crossed 8.3million dollars in cancellations for owners!
 

kshell18

TUG Member
Joined
May 24, 2017
Messages
47
Reaction score
11
Points
68
I just wanted to share that this site also saved my family from a costly mistake. We went to a Wyndham presentation and purchased 84K points. Something about it just did not sit right with me so I started doing research and stumbled across this site. We mailed our rescind letter a week after the presentation and I just confirmed that the down payment was refunded. Now, I am looking into the resale market to see if TS ownership is right for our family. Thank you so much for all of the information provided! You really saved us!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
so happy you found us in time to save so much money! we hope you funnel that savings into years of wonderful family vacations!
 

kshell18

TUG Member
Joined
May 24, 2017
Messages
47
Reaction score
11
Points
68
so happy you found us in time to save so much money! we hope you funnel that savings into years of wonderful family vacations!
Thank you! I began doing research the night after we purchased and I saw many negative reviews. I actually texted our saleswoman and asked her why she thought there were so many negative reviews out there and she bombarded me with messages about how some people are so negative and that everything (including Disney) receives some negative reviews and that I shouldn't let other people's negativity prevent me from investing in a vacation lifestyle for my family. I very politely informed her that I meant no offense and that I was just curious but her response was a MAJOR red flag to me. She continued to send me many messages throughout the rest of that week, which got a little annoying. Now I realize that she was doing that to try and keep me convinced until the rescind period expired, but I didn't know that at the time. After I set up our online account, I saw how little 84K could actually get us. I dug in deeper, found TUG, spoke to my husband (who informed me of the 10 day rescission window, which I was unaware of), and rescinded. I really am interested in investing in yearly vacations for my family, as I did not do much travelling growing up and would like to give my sons that opportunity. However, it seems to make much more sense to do so through the resale market. Again, I cannot thank you guys enough for saving me from this costly mistake!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
a great story no doubt! hopefully down the road another owner will read that very post and it will convince them to rescind and buy resale as well!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
up to 8.4 million in savings to owners now!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
broke 8.5 million in savings today with another rescission from this morning!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
thanks! just added that and it took is over 8.6m!
 

Bpaul89

Guest
Joined
Aug 27, 2017
Messages
5
Reaction score
2
Points
3
Resorts Owned
Seascape Destin Florida
We just our purchased a whyndam points in Destin Florida for $20,000. We bought the whole spiel about how in the long run it saves you money if you vacation more than 3 weeks a year. We currently spend around $4000 to do a 7 night cruise in a grand suite with balcony, plus smaller 3-7 day trips here and there so figured we spend around $6000 a year in trips. We thought we could do these bonus weeks for only $299 a week any time anywhere, and do cruises with our points, turns out after reading everything after signing the dotted line, that you have to put points into the RCI, he made it sound like we didn't have to use our points at all, that these were extras because we bought in, anyways then I looked up the cruises and you can only book an interior stateroom or a window stateroom which normally are only $299-599 a person and you don't even get the option of a suite with balcony, also the points required are 300k plus per person, which figured up if you did the %
$10/1k points would be almost $3000 per person to upgrade, so we pay already $4000 for two adults one child all inclusive with unlimited drinks and internet in a grand suite with balcony. So after reading that I went to Google for more info and stumbled on this site and we will be rescinding before we leave Florida. We bought it Saturday August 26th and will be sending rescinding letter Monday August 28th before we leave Florida. I really thought we would get a free cruise for our 176000 points. That is the way the salesperson made it seem. And that we could stay anywhere at any of these places and only pay 299 if we didn't want to use points or whatever.
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
congrats on finding us and rescinding to save 20 grand! you can pick up resale wyndham points for next to nothing!!

and nothing at all new about wyndham salespeople lying thru their teeth!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
and on a side note, your 20k rescission put us over 8.7Million dollars in saved money for owners who rescinded in time!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
8.8 million with another wyndham rescission today!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
and another incredible wyndham rescission today (58k, wow!) puts us over 8.9 million!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
looks like just one more reported savings to cross 9 million! incredible!
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
and with todays confirmed rescission, we have broken 9,000,000 dollars!!!

incredible!
 

Panina

TUG Review Crew: Elite
TUG Member
Joined
Jul 13, 2015
Messages
6,619
Reaction score
9,382
Points
499
Location
Florida
Resorts Owned
Hgvc Eagles Nest, Hgvc Surf Club, Hgvc Anderson, Sunrise Bay & Club

Vaultopia

TUG Member
Joined
Dec 18, 2017
Messages
1
Reaction score
3
Points
63
You can add $20,000 for early-mid December at Wyndham Grand Desert.
Vaultopia

This sticky will serve as a reference for threads from folks who found TUG in time to rescind their new Timeshare purchase and save thousands by discovering the resale market! note these are just threads that CONFIRM a member has found TUG in time to rescind new purchase and save money buying resale.

simply post up any thread you find here, and ill eventually merge it into the main body of this post in the sticky.


Total Owners KNOWN to have been Saved: 690
Total Dollars KNOWN to have been saved: $9,020,400


1/18 - HGVC - $24k
https://www.tugbbs.com/forums/index.php?threads/new-to-hgvc.267395/#post-2086720

12/17 - HIVC - $18k

https://www.tugbbs.com/forums/index.php?threads/need-help-rescinding-holiday-inn-club-vacations-time-share.267147/#post-2085135

12/17 - HGVC - $20k

https://www.tugbbs.com/forums/index.php?threads/just-put-in-rescind-notice-now-we-need-advice.266117/

11/17 - Vistana - $10k

https://www.tugbbs.com/forums/index.php?threads/just-bought-a-sheraton-flex-plan-still-debating-on-rescind.265328/

11/17 - Vistana - $37k

https://www.tugbbs.com/forums/index.php?threads/bought-this-morning-want-to-throw-up.264541/

10/17 - Wyndham - 58k

https://www.tugbbs.com/forums/index.php?threads/tug-saved-me-lots-of-dough.264036/

10/17 - $19k
http://www.tugbbs.com/forums/index.php?threads/tug-just-saved-me-19-k.263456/#post-2060387

9/17 - HGVC - $22k
http://www.tugbbs.com/forums/index.php?threads/took-the-plunge-now-an-owner.262832/

9/17 - Wyndham - $14.5k
http://www.tugbbs.com/forums/index.php?threads/help-please-have-i-been-scammed.262798/

9/17 - Wyndham - 25k
http://www.tugbbs.com/forums/index.php?threads/pulled-the-trigger-and-now-have-questions.262711/

9/17 - Wyndham - $14.5k
http://www.tugbbs.com/forums/index.php?threads/need-help-rescinding-our-ts-deal.262199/

9/17 - Wyndham - $30k
http://www.tugbbs.com/forums/index.php?threads/i-just-bought-from-the-developer-thoughts-theres-still-time-to-cancel.262175/#post-2050368

8/17 - Wyndham - $20k
http://www.tugbbs.com/forums/index.php?threads/hundreds-of-timeshare-owners-have-found-tug-saved-millions-of-dollars-cancelling-timeshares.196108/page-3#post-2044249

8/17 - Capital - $8k
http://www.tugbbs.com/forums/index.php?threads/should-i-rescind.261131/

8/17 - Bluegreen - $13k
http://www.tugbbs.com/forums/index.php?threads/just-joined-bluegreen-yesterday-was-this-illegal.260756/

8/17 - Wyndham - $25k
http://www.tugbbs.com/forums/index.php?threads/tuggers-advice-please.248674/#post-2038269

8/17 - Hilton - $14k
http://www.tugbbs.com/forums/index.php?threads/bought-a-hgvc-yesterday-during-a-presentation-rescinded-the-purchase-today.260647/#post-2038256

8/17 - HIVC - $32k
http://www.tugbbs.com/forums/index.php?threads/we-recently-purchased-a-ts-but-found-this-site-now-we-need-help-advice.260689/

7/17 - HGVC - $19.9k
http://www.tugbbs.com/forums/index.php?threads/i-just-completed-my-first-stay-at-ocean-oak-as-a-hgvc-owner.259770/

7/17 - Wyndham - $18k
http://www.tugbbs.com/forums/index.php?threads/keep-or-cancel-timeshare.259997/


7/17 - HICV - $5800
http://www.tugbbs.com/forums/index.php?threads/recent-hicv-purchase-at-sc-myrtle-beach.259539/

7/17 - $23k
http://www.tugbbs.com/forums/index.php?threads/rescind-contract.259434/

7/17 - Westgate - $14,900
http://www.tugbbs.com/forums/index.php?threads/right-to-cancel-timeshare-contract-westgate-in-missouri.258664/#post-2027891

7/17 - DRI - $16k
http://www.tugbbs.com/forums/index.php?threads/just-purchased.259041/

7/17 - Wyndham - $10k
http://www.tugbbs.com/forums/index.php?threads/help-i-feel-stupid.258993/

7/17 - Wyndham - $14k
http://www.tugbbs.com/forums/index.php?threads/just-bought-into-wyndham-this-weekend.258775/#post-2025488

7/17 - HIVC - $17k
http://www.tugbbs.com/forums/index.php?threads/holiday-inn-orange-lake-florida.258843/

7/17 - Fantasea - $7900
http://www.tugbbs.com/forums/index.php?threads/rescission-complete-and-mailed-certified-signature-required.258788/

7/17 - Wyndham - 13k
http://www.tugbbs.com/forums/index.php?threads/just-bought-into-wyndham-this-weekend.258775/#post-2024207

6/17 - HGVC - 13k
http://www.tugbbs.com/forums/index.php?threads/just-signed-today-6-27-17-hgvc-palisades-carlsbad.258494/#post-2022555

6/17 - HGVC - 24k
http://www.tugbbs.com/forums/index.php?threads/just-rescinded-my-purchase-now-whats-next.257990/

6/17 - Wyndham - $20k
http://www.tugbbs.com/forums/index.php?threads/wyndham-bought-6-5-have-2-days-to-cancel-should-i.257535/

6/17 - Wyndham - $17k
http://www.tugbbs.com/forums/index.php?threads/help-i-think-i-made-a-mistake.257596/

5/17 - HGVC - 28K
http://www.tugbbs.com/forums/index.php?threads/to-rescind-or-to-rescind.256216/#post-2007468

5/17 - HGVC - $18k
http://www.tugbbs.com/forums/index.php?threads/newbie-and-i-need-help-quickly.256163/#post-2006849

5/17 - Wyndham - $20k
http://www.tugbbs.com/forums/index.php?threads/rescind-success-thanks-tug.255213/

5/17 - Westgate - $7800
http://www.tugbbs.com/forums/index.php?threads/thank-you-escaping-westgate.255175/

4/17 - split rock - $4800
http://www.tugbbs.com/forums/index.php?threads/need-advice-please.254905/

4/17 - HICV - $28k

http://www.tugbbs.com/forums/index.php?threads/just-bought-hicv-timeshare-for-orange-lake-resorts.253999/

3/17 - Wyndham - $23k
http://www.tugbbs.com/forums/index.php?threads/purchased-from-wyndham-and-thinking-of-canceling.253767/

3/17 - Wyndham - $19k
http://www.tugbbs.com/forums/index.php?threads/did-i-make-a-mistake-with-wyndham-purchase-today.253643/

3/17 - HGVC - $10k
http://www.tugbbs.com/forums/index.php?threads/canceling.253328/

3/17 - Bluegreen - $13k
http://www.tugbbs.com/forums/index.php?threads/bought-bg-sent-certified-letter-to-rescind-waiting.253023/

3/17 - Wyndham - $10k
http://www.tugbbs.com/forums/index.php?threads/wyndham-new-or-resell-help.253340/

3/17 - Pueblo Bonito - $8k
http://www.tugbbs.com/forums/index.php?threads/please-advise-i-still-have-time-to-rescind.252828/

3/17 - Wyndham - $14k
http://www.tugbbs.com/forums/index.php?threads/very-confused-new-buyer-pls-help-asap.252234/

2/17 - DRI - $28k
http://www.tugbbs.com/forums/index.php?threads/diamond-resort-yrly-maintenance-fees.249624/page-2#post-1976201

2/17 - Wyndham - $17k
http://www.tugbbs.com/forums/index.php?threads/help-just-bought-a-wyndham-timeshare-on-thursday.251847/

2/17 - HICV - $9k
http://www.tugbbs.com/forums/index.php?threads/brand-new-to-forum-took-the-plunge-on-a-purchase-and-now-regret.251918/

2/17 - Wyndham - $17,500
http://www.tugbbs.com/forums/index.php?threads/quick-need-help.251705/

2/17 - Westgate - $9k
http://www.tugbbs.com/forums/index.php?threads/need-help-rescinding-contract.251484/

12/16 - Wyndham - $25k
http://www.tugbbs.com/forums/index.php?threads/need-advice.249003/#post-1949381

11/16 - DRI - $30K
http://www.tugbbs.com/forums/index.php?threads/tuggers-advice-please.248674/

11/16 - Tahiti Village - $9k
http://www.tugbbs.com/forums/index.php?threads/newbie-bought-tahiti-village-vegas-advise-needed.248431/

11/16 - HGVC - $38k

http://www.tugbbs.com/forums/showthread.php?t=248167

10/16 - Wyndham - $12k
http://www.tugbbs.com/forums/showthread.php?t=247883

10/16 - HGVC - $15K
http://www.tugbbs.com/forums/showthread.php?t=247396

10/16 - QM - $5k
http://www.tugbbs.com/forums/showthread.php?t=247243

10/16 - Westgate - $22k
http://www.tugbbs.com/forums/showthread.php?t=247102

9/16 - Hilton - $36k
http://www.tugbbs.com/forums/showthread.php?t=246566

9/16 - HIVC - $34k
http://www.tugbbs.com/forums/showthread.php?t=246414

9/16 - HIVC - $14k
http://www.tugbbs.com/forums/showthread.php?t=246024

8/16 - HGVC - $10k
http://www.tugbbs.com/forums/showthread.php?t=245270

8/16 - HGVC - $12k
http://www.tugbbs.com/forums/showthread.php?t=244981

7/16 - Welk - $15k
http://www.tugbbs.com/forums/showthread.php?t=244558

7/16 - HGVC - $49K
http://www.tugbbs.com/forums/showthread.php?t=244310

7/16 - Wyndham - $13k
http://www.tugbbs.com/forums/showthread.php?t=244251

7/16 - Wyndham - $25k
http://www.tugbbs.com/forums/showthread.php?t=244068

7/16 - HGVC - $15k
http://www.tugbbs.com/forums/showthread.php?t=243734

6/16 - Bluegreen - $10k
http://www.tugbbs.com/forums/showthread.php?t=243675

6/16 - RCI - $7k
http://www.tugbbs.com/forums/showthread.php?t=243527

6/16 - DRI - $20k
http://www.tugbbs.com/forums/showthread.php?t=243526

6/16 - Wyndham - $21k
http://www.tugbbs.com/forums/showthread.php?t=243275

6/16 - HIVC - $11k
http://www.tugbbs.com/forums/showthread.php?t=243039

6/16 - HGVC - $34K
http://www.tugbbs.com/forums/showthread.php?t=242587

5/16 - Bluegreen - $11k
http://www.tugbbs.com/forums/showthread.php?t=242363

5/16 - HGVC - $20k
http://www.tugbbs.com/forums/showthread.php?p=1890624&posted=1#post1890624

5/16 - HGVC - $25k
http://www.tugbbs.com/forums/showthread.php?t=242211

5/16 - Grandview - $5k
http://www.tugbbs.com/forums/showthread.php?t=224467

5/16 - Wyndham - $20k
http://www.tugbbs.com/forums/showthread.php?t=241893

5/16 - Westgate - $11k
http://www.tugbbs.com/forums/showthread.php?t=241797

5/16 - Westgate - $11k
http://www.tugbbs.com/forums/showthread.php?t=241703

4/16 - HIVC - $18k
http://www.tugbbs.com/forums/showthread.php?t=241189

4/16 - HGVC - $25k
http://www.tugbbs.com/forums/showthread.php?t=240834

4/16 - OLCC - $18k
http://www.tugbbs.com/forums/showthread.php?t=240827

3/16 - HGVC - $19k
http://www.tugbbs.com/forums/showthread.php?t=240304

3/16 - HGVC - $25k
http://www.tugbbs.com/forums/showthread.php?t=240162

3-16 - Welk - $23k
http://www.tugbbs.com/forums/showthread.php?t=239504

2/16 - Hilton - $11k
http://www.tugbbs.com/forums/showthread.php?t=239172

2/16 - Wyndham - $7k
http://www.tugbbs.com/forums/showthread.php?t=239136

2/16 - HIVC - $18k
http://www.tugbbs.com/forums/showthread.php?t=238020

1/16 - Worldmark - $23k
http://www.tugbbs.com/forums/showthread.php?t=237482

1/16 - HIVC - $11,700
http://www.tugbbs.com/forums/showpost.php?p=1846669&postcount=16

1/16 - $13k - HIVC
http://www.tugbbs.com/forums/showpost.php?p=1846225&postcount=44

1/16 - 12k - HIVC
http://www.tugbbs.com/forums/showthread.php?t=236857
 

TUGBrian

Administrator
Joined
Mar 24, 2006
Messages
18,685
Reaction score
3,709
Points
749
Location
Florida
added, thank you!

glad you found us in time to rescind and save a fortune!
 

sdhakala7

Tug Review Crew: Rookie
TUG Member
Joined
Mar 3, 2016
Messages
12
Reaction score
9
Points
63
Location
Texas
It is not surprising that persons that rescinded do not show up or participate after posting. Unless they realized the value they could get in the resale market and how to use the timeshare exchange systems to find value and get great vacations, they probably never have a further need for this forum or site and never ever get into timesharing.

I was fortunate in that I understood the potential value of timeshares, did some research on TUG and then finally made a couple of great resale buys (at the time in 1990s) that delivered great vacations for my family and friends over the years (using a South African timeshare bought from the HOA to trade into our home resort for a second unit for friends vacationing with us or to trade into many other resorts).

Also, this is probably a fraction of the people who rescinded based on TUG. Many do not admit that they got swept up with the sale pitch and signed a contract that they really cannot afford or cannot use or get value from. They quietly go back home, research, and rescind (which is what my wife and I did back in the mid 1990s) without posting here.

I know people who are timeshare sales personnel that absolutely despise TUG. I sometimes feel sorry for them in how hard they work to get a sale and how important it can be for their personal income (and family) to make such sales only to have them rescinded when the person has regrets, does some research, and rescinds in a timely manner. But then I remember how inflated timeshare presentation prices are relative to the underlying values of units (prices are often 15% to 25% of actual prorated unit costs and sales and marketing often represent 50% or more of paid prices and overhead eats up much of the rest) and how inflated management fees can be when the timeshare is controlled and managed by a developer/promoter.

There has to be a better way and more efficient way to do this! The inefficiencies in the hotel/resort industry and timeshare industry have to mean that in a more efficient and informed world people could form timeshare co-ops without the huge selling, marketing, and overhead costs and without the seemingly high and unreasonable management fees. Maybe it is just humans and random circumstances are such that it is unreasonable to expect.

I do not understand how a standard two-bedroom "townhome style" timeshare unit (only about 1000 sq feet, less than my son's townhome) that would cost maybe $120,000 to $200,000 to buy and fully furnish (often cutting corners and done on plans with bulk contracts) plus maybe $25,000 to $100,000 in associated amenities and common resorts grounds prorated (depending on the amenities and facilities) if purchased new as a modest two bedroom condo with monthly/annual HOA common fees of say $1,500 to $2,000 per year (effectively $40 per week including the pool and grounds maintenance) needs to be sold for cumulative retail proceeds of maybe $1.0 million (for the lower end taking into account off season pricing) to over $2.0 million in the timeshare industry and then also demands $30,000 to $50,000+ in annual fees per unit per year (effectively $500 to $1,000 per week net of bad debt and vacant units) in maintenance fees to manage and build a replacement/restoration reserve. I understand the extra security staff, night staffing, housecleaning, maintenance, check-in and extra reservations staff needed for a timeshare as opposed to a condo substantially increases the weekly and annual staffing costs and I understand that the furniture can take a bit more wear and tear in the timeshare (debatable) but, really, it just does not cost that much to justify both the retail price and the maintenance fees if the timeshare developer/promoter did not have such high marketing, sales, and overhead costs and profit expectations to cover and did not incur such large bad debt losses on sales.

On the other hand, in the resale market, we are seeing people basically offering to largely give away their decent timeshares when theoretically, if management fees were appropriately set, and the resale market was efficient those weeks would typically have values in red seasons of maybe $5,000 on the low end to $15,000 on the high end (in peak weeks) relative to equivalent rent vs buy analyses over an expected life of say 20 years (assuming minimal salvage or resale value).
 
Top