Marriott Vacation Club honest reviews?

[Rvs2015]

We signed with MVC Abound 2 days ago and have 10 days to cancel. We’re on the fence and worried about maintenance fees and special assessments going up a lot in the future. Can someone give an honest review of MVC? If you’ve gotten out of it, do you mind sharing why?

 

[echino]

Cancel.

Research and buy resale if still interested.

But MVC points are not a good deal in general, even resale. Too expensive.

 

[dioxide45]

Getting out is easy at this point. After the 10 days, it will be very hard. You would lose a lot of the money you paid. Follow the prior advice and cancel/rescind.

 

[MabelP]

Absolutely rescind.

 

[vacationtime1]

Easy decision -- cancel.

Follow the instructions exactly. Everyone who signed the contract must sign the rescission letter. Send by a method that generates proof of mailing.

 

[TolmiePeak]

I was on the fence about taking over a 1 week contract at the Waiohai for free from my mother in law. The maintenance fees are very high. Absolutely no way I would have paid the resale price on the contract.

Rescind.

 

[mjm1]

We signed with MVC Abound 2 days ago and have 10 days to cancel. We’re on the fence and worried about maintenance fees and special assessments going up a lot in the future. Can someone give an honest review of MVC? If you’ve gotten out of it, do you mind sharing why?

As others have recommended, rescind the contract immediately.

We love the Marriott system, but you should do more research here on TUG to fully understand it, as well as other potential systems. We also own in Vistana, Hilton and Hyatt and like each of them for various reasons. You need to determine what, if any, system works best for you and your family and then buy a resale unit. But be careful, timesharing is addictive!

 

[claraj]

I second @mjm1 . I am enjoying MVC but your situation might be different. Take your time to research the different systems, then decide.

 

[Hindsite]

Unless you had done a load of research into which, if any, timeshare is right for you and you knew what price to negotiate, you probably didn't get the best deal even for buying direct, never mind relative to what you could get resale
Its a complex set of systems, and which particular flavour might suit your needs can vary.
Whatever you do don't finance any timeshare purchase, and do forward plan for maint fee increases so your household budget can accommodate it. Some ownerships have some resale value, most don't, when you run the number assume its zero or negative. MVC don't generally have Special assessments, but it can happen, same as owning a vacation home can incur unexpected costs.
Once you've done some research you can always go back to MVC for the same, or a better deal, if you have concluded that is what you need.
Also look into the location of resorts, relative to where you want to travel, ignore what sales said about being able to go to thousands of luxury hotels all over the world and cruises, yes you "can" do those but its often more expensive using your ownership than paying $$.
All the best

 

[TUGBrian]

the fact you still have any hesitation about your purchase means you havent done enough research and is 100% a valid reason to rescind and do some reading!

if you were interested in buying at full retail prices, you are going to be SHOCKED when you discover the resale market and how much you can save on the exact same thing you just bought!

Whats better than a timeshare? a timeshare you just saved tens of thousands of dollars on =)

 

[jp10558]

No matter anything else - saving ~$20,000 up front will cover a lot of maintenance fee increases over the years. Rescind and research on resale, and compare all the options and systems.

 

[TheTimeTraveler]

We signed with MVC Abound 2 days ago and have 10 days to cancel. We’re on the fence and worried about maintenance fees and special assessments going up a lot in the future. Can someone give an honest review of MVC? If you’ve gotten out of it, do you mind sharing why?

If in doubt get out! Do it while you still can.

As others have mentioned: Purchase a resale week!







.

 

[jwalk03]

You should definitely rescind. Then spend some time researching and learning the system then make an informed buying decision instead of a high pressure sales one! And if you decide you want to buy after researching but resale and save yourself thousands of dollars!!

 

[HudsHut]

@Rvs2015
I wanted to add that the people who are urging you to rescind, (me included), all LOVE Marriott.
But the upfront price of the Abound points is astronomical.
If you are interested in Marriott, start reading and asking questions in that topic.
Look at the locations where they have resorts. Do you see yourself going to those locations? Have you stayed in a Marriott timeshare yet? If not, rent a week on

TUG Marketplace
go-koala.com
Redweek.com
Various Marriott owner Facebook groups

 

[DRH90277]

Think about disclosing how many points you bought and the price you are paying. With this, people here can tell you what you could do with what you've bought.

Example - Please note that you would need from 4,000 to 5,000 points to get a 1 week reservation at most resorts in a good season. That's a $50,000 plus expense up front plus ongoing maintenance fees that are higher for points. Or you could buy a high season resale week for about $10,000 at a great resort to use or exchange.

Rescind the deal while you can.

 

[pedro47]

When in any doubt cancel and save some big dollars.
Please read TUG: Help & Advice section about timeshare before you purchase a timeshare.
Take your time.

 

[Jennajet18]

We signed with MVC Abound 2 days ago and have 10 days to cancel. We’re on the fence and worried about maintenance fees and special assessments going up a lot in the future. Can someone give an honest review of MVC? If you’ve gotten out of it, do you mind sharing why?

I’m in the same boat and purchased a few days after you! We submitted a notice of cancellation form, but not sure if I need to do anything else. All of a sudden the agent who was so responsive to me has not returned emails or calls.

 

[davidvel]

I’m in the same boat and purchased a few days after you! We submitted a notice of cancellation form, but not sure if I need to do anything else. All of a sudden the agent who was so responsive to me has not returned emails or calls.

Don't call them. You fell for it once, they will lie further and talk you out of rescinding. If you followed the rescission instructions to a T, you are fine. Most people do it 2 different ways to be sure.

 

[Hindsite]

All of a sudden the agent who was so responsive to me has not returned emails or calls.

Quite normal, they were being helpful and nice to you and no doubt promised that they would look after you, help you with bookings etc. There are a small handful of sales agents who do help, but most are just after the thousands in commission they will get from you and then cut you dead, once they've got it or if you rescind.
As above, if you've followed the instructions on cancellation, you are fine, if not, do that. Don't expect to hear back about the progress of cancellation. They are legally required to comply with it, but not legally required to keep you informed.
Have a read in the new to timesharing forum of the posts that people have made asking for advice on what, if any, timeshare would suit them and start looking into things. Take your time, a year is not too long and it may be that timeshare ownership is not for you.
Best Wishes

 

[WorldT]

I’m in the same boat and purchased a few days after you! We submitted a notice of cancellation form, but not sure if I need to do anything else. All of a sudden the agent who was so responsive to me has not returned emails or calls.

Glad you cancelled in time. How much did you pay and what did you buy? Why did you decide to rescind?

 

[Lansdowne]

We signed with MVC Abound 2 days ago and have 10 days to cancel. We’re on the fence and worried about maintenance fees and special assessments going up a lot in the future. Can someone give an honest review of MVC? If you’ve gotten out of it, do you mind sharing why?

What did you buy? Without details it is impossible to comment.

 

[davidvel]

What did you buy? Without details it is impossible to comment.

They bought points direct from Marriott. Knowing how many does not change the ability to comment.