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Just purchased a Vidanta “Travel Club” membership and wanna know how bad my deal is?

easyrider

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Interesting is that at the Vidanta presentation they claim that their signature loan financing is through an American line of credit which means they can pursue delinquent loans. They also claim to have Vidanta Mexican lines of credit available. Both are high interest rate loans that most people would pay off with their lines of credit.

Bill
 

T-Dot-Traveller

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(A) They sold me 1bd room Imperial Jungle Aqua 2bath--------- 1wk + 2 paramount weeks,
(B)-2 vida weeks, 1 bonus week, -----free membership to sfx

(C) free membership to club freedom for a year then reup every year for $495, and 20 years of $3000 cruise ship certificates for $28,000. The last part with the cruise certificates actually got me. Figured it was $60000 value so how could I go wrong......
First of all I would suggest, like everyone else has - that you carefully review what you bought during your 5 day window.
*********
I have edited your post into A-B-C sections
What you bought is a standard current contract-for what is now the entry level full TS product [ Imperial Jungle Aqua] sold by Vida Sales
if you rescind and negotiate with member services - you would likely get some $ reduction and /or some added feature addendums.
[FYI - @Soliani Di Vito said he payed $ 23,000 for a 2 bedroom Imperial Jungle Aqua in Jan. 2022. I believe studio /master room -hotel room size units
are $ 12,000 range.]
Vidanta Imperial Jungle Aqua -Jan 22 2022

[Please note- exit packages are also sold by the 2nd/3rd/4th team member you see from Vida Sales. For less upfront money - they offer you access through a gatekeeper partner( SFX - various brand names of Arrivia etc) with no Right to Use registered component , and typically will gain you off season booking periods from May to October.]
Exit packages through Vida Sales seem to be sold for between $ 3K and $ 9K . Here is a relatively recent thread on one,
Limitless Vacations - April 2021


Imperial Jungle Aqua is a future build Vidanta brand. It will currently get you a Mayan Palace - Bliss or Sea Garden unit.
The Nuevo Vallarta future build location ** is suggested to be on the Jalisco side of the Ameca River near the beach.

Section (A) - this is your direct RTU contract with Vidanta that includes a registered component.I believe it will be the following or similar.

1) one week for 10 year + 2 weeks for 100 years. ( ie) you have 3 weeks for the first 10 years.[ registered / alternate use + paramount weeks]
2)The 2 weeks require a renewal payment at 20 years ,based on the MF / Usage Fee at the 20 year point
3)You can book 6 months ahead for the 10 year registered week and alternate year weeks ; and can book into the following winter / snow bird season .
(ie) July 1-2022 you can book any Jan 2023 week and Aug 1 2022 you can book any Feb 2023 week etc./ using the 6 month booking window.
4) The Paramount weeks can be booked 6 months ahead - except for Nov 15 - March 15 usage - when they can be booked 4 months ahead.
5)There is no MF unless a week is booked. The 2022 MF/ usage fee is likely $ 1050 range for a 1 bedroom & studios are likely about $ 800. I believe 2 bedrooms are at least $ 1400.

This is what you are buying from Vida Sales, that comes directly from Vidanta.
50 weeks for $ 28,000 = $ 560 prepaid per week . Use is optional for $ 1050 extra per week (to start / probably to rise yearly at a minimum of USA CPI rate.)

Bonus Week
If it is a one time bonus week the deal is - buy 50 and get 1 free = save $ 1050 .but remember it doesn't cost that much operationally, to give you a free unit for a week
However : there are good operational reasons to offer a " come for free the next time" week. A percentage of buyers , spend the money and do not come back the following year
( me - see my post 26 Vidanta Imperial Jungle Aqua) Remember -Vidanta "Hotel Side" runs resorts that they wish to have high occupancy with happy vacationers..Their best customers are repeat owners who love to vacation at one of their resorts

IMO -.Vidanta uses the money you pay for the contract to continue to build and expand.This business model works for them ,since they build in pesos and collect usage fees in $ USD .
It does however(currently) mean that there is good availability in non peak / non-snowbird seasons, This room availability is used for the various gatekeeper " non registered week access" programs (often termed Privilege Weeks) that are sold as exit packages by Vida Sales ; and also allows the standard exchange access through various external exchange companies. The standard exchanges have an added Vidanta resort fee.

Vidanta is privately owned by the founder & his family..

***********
Section B
Vida Weeks - SFX
SFX is an exchange company to other non Vidanta locations as well as a gatekeeper that allows you to get extra weeks at Vidanta, when available , without an added exchanger resort fee.Extra weeks at Vidanta will be available and are probably termed Privilege Weeks or similar ,and these weeks are more likely to be able to be booked between May and November TUG members that use SFX find it best to call and speak to on of their staff for best results as not all options are listed on the SFX website.
SFX has worked with Vidanta for more than 15 years.

*********
Section C
Club Freedom and Cruise certificates.
These products are through a company called Arrivia - previously know as ICE - International Cruise and Excursions.
This company has done programs with Vidanta for many years including running the Vida Bucks program.
It may also offer additional value for resort access elsewhere and cruises , but it is not core to your purchase.
Also if you are prepaying $3000 towards a cruise - what is the total cost per cruise and how much is $ 3 K going to cover of a cruise cost in 20 years.

*********
Other information / other programs
- Vida Sales also includes a package called - The Hawaii Collection in higher cost / Deluxe Brand Contracts - this is from HSI (Holiday Systems International / another
mid size exchange company that also works with developers on custom branded products) HSI has worked with Vidanta for at least a dozen years.

Vida Sales also adds the Third Home Exchange -for Deluxe, and Estates Brand contracts .
Third Home is a newer exchange company that focuses on premium market segments and in addition to premium TS resorts, offers listings of high end vacation properties
listed by Third Home members.

********
** future build of Imperial Jungle Aqua-Nuevo Vallarta.
.
Vidanta's two biggest locations are Nuevo Vallarta and Riviera Maya.
While different , both offer similar building / brand offerings -except for the entry level.

Riviera Maya has many Mayan Palace buildings and a Bliss ( Bliss =Mayan Palace footprint / different furnishings)

In Nuevo Vallarta there is 1 Mayan Palace building with 100 units / all the other Mayan Palace buildings were torn down 10+ years ago -to allow for space to build Grand Luxxe
MP-NV = 100 two bedroom lockoff units, or 100 one bedroom + 100 studio / hotel rooms.
NV also has a 200 unit Sea Garden down the beach and there are the Puerto Vallarta -Marina - two MP buildings that total about l 200 units.

The following is based on the above existing information; but is informed by my conjectured opinions.

The emerging opening of The Parks at Vidanta World has IMO pushed forward the need to build additional entry level product at Vidanta Nuevo Vallarta
The Mexican National market will significantly contribute to The Parks revenue stream. This will be especially true from Easter /mid April to December .

IMO - some Imperial Jungle Aqua buildings will be built on the other side of the Ameca River close to the beach
IMO - some / many Riviera Maya MP buildings will be converted to Imperial Jungle Aqua via new furnishings and a new brand name.

This also has the added benefit of giving Vida Sales a tool to use on "legacy" Mayan Palace owners
- to scare them via the old " you won't be able to book your vacation weeks" upsell

PS -[I have no idea on the build / location strategy for Grand Imperial Jungle Aqua]
 
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Ty1on

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I put down $10000 on my credit card which I already had a 13 month 0 percent interest on. Then I’m supposed to get my own mortgage with whoever I find. Figured I could somewhere in the 3-4% because my credit is excellent

If you sent your rescission, this doesn't apply to you, but for anyone else reading this:

The "You can take on this 18% loan balance and just refinance it with a 3%-4% mortgage" is an outright lie. Because the "real estate" you would be mortgaging his no value, no lender would take it as mortgage collateral. Even if it is a US timeshare, much less a foreign timeshare. You'd be stuck with the 18% (or whatever they were gouging you for) until it is paid off.
 

Janann

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The "You can take on this 18% loan balance and just refinance it with a 3%-4% mortgage" is an outright lie. Because the "real estate" you would be mortgaging his no value, no lender would take it as mortgage collateral. Even if it is a US timeshare, much less a foreign timeshare. You'd be stuck with the 18% (or whatever they were gouging you for) until it is paid off.
Lightstream will do it at 5% for 36 months.

 

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Hey guys just an update. I went yesterday to the members service area in the Bliss building. Talked to manager and told them my recision decision. He said that was fine. Discussed with me for 15 mins why I decided I was giving in my recision. Afterwards told me we had to meet today to sign paperwork for the recision. So today I met up with another manager at member services and after another lengthy contract negotiations I ended up actually staying on a lesser deal with the close to more perks. So the list of all the perks I mentioned before I still have so it’s useless relisting those to you, so I’m only gonna list the changes

First I lowered my Imperial Jungle Aqua Suite to A Master room

Got a free one year membership to RCI and Hawaii Collection

Got 2 promotional weeks to Sea Pack or Mayan Palace

Two upgrades to Grand Mayan

They gave me this all for $9453.00. They needed half the money upfront, which like before I put on my 13 month 0% interest credit card and they personally financed me 24 month 7% interest for the remaining balance which they removed from the interest from the final price.

Now I know that everyone will say I still got screwed. And for the most part I’m sure your right. But the way I figure I can’t get killed with this deal. I do think I’m someways there maybe a chance to make some money if played well. I’ve always been able to successfully rent my other time share in Vistana Villages for a little more than my Maintenance fee because it’s a Christmas week so I figure their hosting the PGA here for next 3years and soon enough (if ever) the them park will be open. There could be a little money to be made some way or another. And if not $9,453 isn’t gonna kill me. Let’s see what happens, because this contract runs out in 10 years one way or another so this’ll be an interesting side project for me.

So thank you to everyone for the great advice. This forum is an incredible tool
 

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And I don’t know if this is basic knowledge to some of you but I figured out the scheme with those cruise certificates. They are basically garbage. You can’t use them on the the full amount of the cruise. They only take off a percentage of the price depending on the time of year and the cruise line. Plus you still have to pay docking and taxes. And I also looked into the cruise certificates for the 2 free cruises you get every year with Club Freedom. The scheme with that is just like the other cruise certificates that you have to pay docking and taxes but then you also have to pay a redemption fee. Each cruise has a different redemption fee. I found out one of the redemption fees for a seven night cruise through Europe was $700(really stretching the word free). I hope that helps anyone out
 

TheTimeTraveler

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Hey guys just an update. I went yesterday to the members service area in the Bliss building. Talked to manager and told them my recision decision. He said that was fine. Discussed with me for 15 mins why I decided I was giving in my recision. Afterwards told me we had to meet today to sign paperwork for the recision. So today I met up with another manager at member services and after another lengthy contract negotiations I ended up actually staying on a lesser deal with the close to more perks. So the list of all the perks I mentioned before I still have so it’s useless relisting those to you, so I’m only gonna list the changes

First I lowered my Imperial Jungle Aqua Suite to A Master room

Got a free one year membership to RCI and Hawaii Collection

Got 2 promotional weeks to Sea Pack or Mayan Palace

Two upgrades to Grand Mayan

They gave me this all for $9453.00. They needed half the money upfront, which like before I put on my 13 month 0% interest credit card and they personally financed me 24 month 7% interest for the remaining balance which they removed from the interest from the final price.

Now I know that everyone will say I still got screwed. And for the most part I’m sure your right. But the way I figure I can’t get killed with this deal. I do think I’m someways there maybe a chance to make some money if played well. I’ve always been able to successfully rent my other time share in Vistana Villages for a little more than my Maintenance fee because it’s a Christmas week so I figure their hosting the PGA here for next 3years and soon enough (if ever) the them park will be open. There could be a little money to be made some way or another. And if not $9,453 isn’t gonna kill me. Let’s see what happens, because this contract runs out in 10 years one way or another so this’ll be an interesting side project for me.

So thank you to everyone for the great advice. This forum is an incredible tool


Reading this and everyone should now understand to NEVER RETURN TO THE SALES OFFICE when rescinding.

They always attempt to sweeten the offer to make it sound like a bargain.



.
 

TheTimeTraveler

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Planning on going over to the manager and telling them I’m rescinding and demanding my money back then sending a certified letter the next day to follow up no matter the outcome. Is this a good way to go about it?


Certified Mail does not exist in Mexico.

The service you want to use while in Mexico (or sending to Mexico) is REGISTERED MAIL.



.
 

CPNY

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Reading this and everyone should now understand to NEVER RETURN TO THE SALES OFFICE when rescinding.

They always attempt to sweeten the offer to make it sound like a bargain.



.
Right!! In reality they are not getting a better deal, they are downgrading and paying the “going rate” from the developer.
 

TheTimeTraveler

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Right!! In reality they are not getting a better deal, they are downgrading and paying the “going rate” from the developer.


The OP will eventually figure it out, but by then it will be too late. The OP now feels it's a real bargain and will miss that slim window to rescind.
 

CPNY

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The OP will eventually figure it out, but by then it will be too late. The OP now feels it's a real bargain and will miss that slim window to rescind.
Yup! Why downgrade? May as well treat yourself lol
 

cubigbird

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Hey guys just an update. I went yesterday to the members service area in the Bliss building. Talked to manager and told them my recision decision. He said that was fine. Discussed with me for 15 mins why I decided I was giving in my recision. Afterwards told me we had to meet today to sign paperwork for the recision. So today I met up with another manager at member services and after another lengthy contract negotiations I ended up actually staying on a lesser deal with the close to more perks. So the list of all the perks I mentioned before I still have so it’s useless relisting those to you, so I’m only gonna list the changes

First I lowered my Imperial Jungle Aqua Suite to A Master room

Got a free one year membership to RCI and Hawaii Collection

Got 2 promotional weeks to Sea Pack or Mayan Palace

Two upgrades to Grand Mayan

They gave me this all for $9453.00. They needed half the money upfront, which like before I put on my 13 month 0% interest credit card and they personally financed me 24 month 7% interest for the remaining balance which they removed from the interest from the final price.

Now I know that everyone will say I still got screwed. And for the most part I’m sure your right. But the way I figure I can’t get killed with this deal. I do think I’m someways there maybe a chance to make some money if played well. I’ve always been able to successfully rent my other time share in Vistana Villages for a little more than my Maintenance fee because it’s a Christmas week so I figure their hosting the PGA here for next 3years and soon enough (if ever) the them park will be open. There could be a little money to be made some way or another. And if not $9,453 isn’t gonna kill me. Let’s see what happens, because this contract runs out in 10 years one way or another so this’ll be an interesting side project for me.

So thank you to everyone for the great advice. This forum is an incredible tool

I believe the great advice was to never return to the sales office and to rescind. Doesn’t look like you followed it. I bet this could be had on the resale market for free?!?!
 

T-Dot-Traveller

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Reading this and everyone should now understand to NEVER RETURN TO THE SALES OFFICE when rescinding.
They always attempt to sweeten the offer to make it sound like a bargain.

The OP did not return to the sales office. The OP met with Vidanta Member Services.
You can rescind in person with VMS during your 5 days . VMS does sweeten deals.

Right!! In reality they are not getting a better deal, they are downgrading and paying the “going rate” from the developer.

The OP @Davidryonkers -absolutely did get a better deal.

List price for a studio -master room Imperial Jungle Aqua is $12,000 range ,based on very credible information I have.

1 year RCI - $89 -1 year Hawaii Collection by HSI - $ 299 - small freebee's
The promo weeks to Mayan Palace or Sea Garden and the 2 upgrades to Grand Mayan add some real value.

Vidanta has a 1 in 4 rule with RCI The exchanger resort fee is $250 per week for a master room

OP has now prepaid $ 189 per week x 50 weeks. Usage fee for 2022 is about $800.
If the OP can rent 2 units per year during the Mexican open for $1500 each for the next 3 years = $ 9000 - usage fees = $ 4200 gained against $ 9453 upfront cost.

Vidanta contracts have no mandatory MF. You pay when a week is booked and can cancel 30 days before & get the payment back
 
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T-Dot-Traveller

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I believe the great advice was to never return to the sales office and to rescind. Doesn’t look like you followed it. I bet this could be had on the resale market for free?!?!

NO. !!
1 ) Vidanta has a transfer fee of 5 x MF since 2006. This would be a cost of about $ 4000
2) Only the registered week would transfer in a resale.

The OP did NOT return to the sales office. He went to Vidanta Member Services.
You can rescind in person.at member services VMS will make sweetened offers.

.
 

CPNY

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The OP did not return to the sales office. The OP met with Vidanta Member Services.
You can rescind in person with VMS during your 5 days . VMS does sweeten deals.



The OP @Davidryonkers -absolutely did get a better deal.

List price for a studio -master room Imperial Jungle Aqua is $12,000 range based on very credible information.

1 year RCI - $89 -1 year Hawaii Collection by HSI - $ 299 - small freebee's
The promo weeks to Mayan Palace or Sea Garden and the 2 upgrades to Gran Mayan add some real value.

Vidanta has a 1 in 4 rule with RCI The exchanger resort fee is $250 per week for a master room

OP has now prepaid $ 189 per week x 50 weeks. Usage fee for 2022 is about $800.
If the OP can rent 2 units per year during the Mexican open for $1500 each for the next 3 years = $ 9000 - usage fees = $ 4200 gained against $ 9453 upfront cost.

Vidanta contracts have no mandatory MF. You pay when a week is booked and can cancel 30 days before & get the payment back
I’m going by your original post where you said if they rescind and renegotiate they will save money. Since another tugger paid 23K for a 2 bedroom vs the OP’s deal of 28K for a 1 bedroom, I’d say there was room to get that 1 bedroom much lower. If the studio is listed for 12K, then I’d say the going rate is the 9500 since that’s what the OP paid. They should have negotiated the 1 bedroom for the list price of the studio… then it’s a deal
 

jwalk03

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This is why you should NOT rescind in person! You got suckered again, albeit for a little less $$$. This is a MISTAKE!! Send your recession letter before it’s too late!!!
 

T-Dot-Traveller

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I’m going by your original post where you said if they rescind and renegotiate they will save money. Since another tugger paid 23K for a 2 bedroom vs the OP’s deal of 28K for a 1 bedroom, I’d say there was room to get that 1 bedroom much lower. If the studio is listed for 12K, then I’d say the going rate is the 9500 since that’s what the OP paid. They should have negotiated the 1 bedroom for the list price of the studio… then it’s a deal


The OP -absolutely did get a better deal........

OP has now prepaid $ 189 per week x 50 weeks. Usage fee for 2022 is about $800.
If the OP can rent 2 units per year during the Mexican open for $1500 each for the next 3 years = $ 9000 - usage fees = $ 4200 gained against $ 9453 upfront cost.

Vidanta contracts have no mandatory MF. You pay when a week is booked and can cancel 30 days before & get the payment back
[/QUOTE]

Hi @CPNY ,
I believe the above is where the OP is coming from in negotiating this deal with Vidanta Member Services.

I personally would have gone with a 1 bedroom - in part because the MF / Usage fee of about $ 1050 in 2022 is lower per square foot of space
and the Vidanta exchanger resort resort fee for a 1 bedroom is $ 600. I think that expand the rental options since RCI has a 1 in 4 rule.

$ 800 / 450 = $ 1.77 sq foot
$1050 / 750 = $ 1.40 sq foot

I dont think you could get a 1 bedroom for $ 12,000
Perhaps $ 16,000 - but that is a guess.

Vidanta is hoping Vida Sales can sell an upgrade down the road - that is the reason (IMO) for the 2 upgrades to a Grand Mayan unit.
 
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CPNY

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The OP -absolutely did get a better deal........

OP has now prepaid $ 189 per week x 50 weeks. Usage fee for 2022 is about $800.
If the OP can rent 2 units per year during the Mexican open for $1500 each for the next 3 years = $ 9000 - usage fees = $ 4200 gained against $ 9453 upfront cost.

Vidanta contracts have no mandatory MF. You pay when a week is booked and can cancel 30 days before & get the payment back

Hi @CPNY ,
I believe the above is where the OP is coming from in negotiating this deal with Vidanta Member Services.

I personally would have gone with a 1 bedroom - in part because the MF / Usage fee of about $ 1050 in 2022 is lower per square foot of space
and the Vidanta exchanger resort resort fee for a 1 bedroom is $ 600. I think that expand the rental options since RCI has a 1 in 4 rule.

$ 800 / 450 = $ 1.77 sq foot
$1050 / 750 = $ 1.40 sq foot

I dont think you could get a 1 bedroom for $ 12,000
Perhaps $ 16,000
[/QUOTE]

They got a deal, but I’m with you, I would have preferred the one bedroom as well. I can see the deal Based on the rental opportunity. But could they have done better with a one bedroom for the rental purposes also?
 

T-Dot-Traveller

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[/QUOTE]
They got a deal, but I’m with you, I would have preferred the one bedroom as well. I can see the deal Based on the rental opportunity. But could they have done better with a one bedroom for the rental purposes also?
[/QUOTE]

Perhaps -(IMO) in the short term the OP deemed this a " I can afford to loose $ 9K " if renting doesn't really work
-and have some nice vacations deal.

There is no yearly mandatory MF / just pay on reservation and get your money back if cancelled before 30 days of check in.

The Vidanta resorts are really nice and Vida Sales will always be there to "assist the OP" in upgrading to a 1 bedroom contract
 
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CPNY

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@CPNY ,

and the Vidanta exchanger resort resort fee for a 1 bedroom is $ 600. I think that expand the rental options since RCI has a 1 in 4 rule.

[/QUOTE]

The 1 in 4 isn’t bad. Keep it in rotation. I was about to get rid of my RCI account but I may just keep it

Year 1. Tradewinds
Year 2. Vidanta
Year 3. A Hilton somewhere
Year 4. Sheraton Vistana Resort

I’ll complete the rotation every 4 years hah
 

T-Dot-Traveller

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Hi @CPNY
My problem is that my wife likes Puerto Vallarta Mx best - so rotation isn't gonna work,

We just spent Feb there at 3 Vidanta locations - using our 2 weeks and 2 exchanges
MP-PV Marina- (1 bedroom)- 2 weeks / MP-NV (2 bedroom) / Sea Garden ( 1 bedroom)

The 1 in 4 rule is a complication
.Vidanta should have a February exception for Canadian's and people from Minnesota

Luckily I found and booked 3 weeks for 2023 at Raintree Club Regina PV on Sunday for 80 TPU's total ( I think they were developer deposited last week)
So I am halfway to getting 6 weeks in PV in 2023

I am a sales rep & sort of worked remotely for the 4 weeks.
 

CPNY

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Hi @CPNY
My problem is that my wife likes Puerto Vallarta Mx - so rotation isn't gonna work,

We just spent Feb there at 3 Vidanta locations - using our 2 weeks and 2 exchanges
MP-PV Marina- (1 bedroom)- 2 weeks / MP-NV (2 bedroom) / Sea Garden ( 1 bedroom)

The 1 in 4 rule is a complication
.Vidanta should have a February exception for Canadians and people from Minnesota

Luckily I found and booked 3 weeks at Raintree Club Regina PV on Sunday for 80 TPU's total ( I think they were developer deposited last week)
So I am halfway to getting 6 weeks in PV in 2023

I am a sales rep & sort of worked remotely for the 4 weeks.
That is amazing, I can see you work it very well. I agree on the Feb exception! You have it rough up there haha.

The 1 in 4 isn’t ideal but if I keep RCI, I’ll really have to figure out what I’m going to use it for. I head to Bora Bora on a trade winds in May and I’m psyched for that trip.
 
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Interesting is that at the Vidanta presentation they claim that their signature loan financing is through an American line of credit which means they can pursue delinquent loans. They also claim to have Vidanta Mexican lines of credit available. Both are high interest rate loans that most people would pay off with their lines of credit.

Bill
Not true it’s in house financing.
 

easyrider

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Not true it’s in house financing.

It's both. Vidanta does have a finance department used mainly to finance Mexican Nationals.

Vidanta does use Barclays Credit lines to finance some of their inventory. Many of the Mexican resorts use Barclays because a high percentage of applicants receive instant approval. The resort fills out the info and sends in the application and once the client is approved the resort has access to the funds. In this scenario, the client is approved and now has an American based line of credit that is no longer the sellers problem after the recision period. Even though Vidanta sets these loans in motion it isn't Vidanta financed.

What the Mexican resorts want is for the buyer to use their own financing based in their own country because financing through a Mexican company isn't easy to enforce in a different country.

Bill
 
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