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New Purchase in cancellation period, is it worth it?

R

Robbery525

newbie
Joined
Jul 12, 2025
Messages
2
Reaction score
8
Resorts Owned
HGVC
Here is the rate I was given for the HGVC member package:
- 5500 points Biennial
- $13,000 overall
- $700 MF + $313 club dues
- that’s $117 due/month/120months @ 11.99% interest after down payment (40%)

I signed yesterday at the Las Vegas resort and have a 5 (now 4) calendar day window to submit cancellation.
 
Actually, $14,040, if it is $117 times 120 payments. It could be more though if you already put 40% down before the $117/month.

Not a good deal. Look in the TUG marketplace, those and better ones are basically free.

I would rescind.
 
Rescind now. You can buy an 11200 pt annual HGVC deed via resale for $3k. Save $10k for your retirement.

It sounds like you are buying HGV trust points. Those are worthless. People cannot give those away.
 
I also recommend rescinding while you can. You haven’t purchased enough points, IMO. I would recommend rescinding and then research to learn about resale. HGVC resale is great and so much cheaper resale.
 
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CalGalTraveler said:
It sounds like you are buying HGV trust points. Those are worthless. People cannot give those away.
Click to expand...
You may be correct on your assessment. If you did purchase HVC trust points, that is a terrible TS, IMO.
 
congrats on finding TUG in time to save yourself 13k.
 
Definitely rescind. The directions are in the contract but if they only provide an address, write out a letter saying that you want to rescind and include the contract number, property/collection, date signed, and all owners sign it then send certified USPS
 
@Robbery525 DO NOT buy from the developer. You can buy resale for pennies on the dollar- and for a better product. HGVC treats resale owners the same as retail buyers, and ALL Timeshares are USED. There is no such thing as a 'new' timeshare.
 
Thank you everyone, after talking it over and reviewing some more, it appears the consensus is that it’s an OK deal only with the maintenance fees, the up-front cost is the major loser here. (Even my accountant friend was like maaaybbeeee? But then balked at the mention of the down payment).

I signed on Friday, with a 5 day cancellation window. I’ll be writing an email and sending the cancellation letter via certified mail ASAP (Monday at the latest).
 
And now you can parlay your substantial savings into a membership here at TUG to help pay it forward. Then spend some time here and research resale purchases of, basically, the same thing at a fraction of the cost.

Cheers.
 
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Look here in the TUG marketplace to see examples of what you can buy for much less. Better ownership and cheaper

Timeshares for Sale & Rent | Search Timeshare Classifieds

Search Thousands of active Timeshare Resales & Rentals. Industry Leading Online Marketplace for owners to Sell or Rent a Timeshare!
www.tug2.com www.tug2.com
 
Robbery525 said:
Thank you everyone, after talking it over and reviewing some more, it appears the consensus is that it’s an OK deal only with the maintenance fees, the up-front cost is the major loser here. (Even my accountant friend was like maaaybbeeee? But then balked at the mention of the down payment).

I signed on Friday, with a 5 day cancellation window. I’ll be writing an email and sending the cancellation letter via certified mail ASAP (Monday at the latest).
Click to expand...
Congrats! You just saved yourself a major headache from usage, financial, value, and disposal aspects.

Also, you mentioned the consensus here as it being just an “OK” deal. I do not think anyone here would disagree that the deal they offered is a horrible deal.
 
Robbery525 said:
Thank you everyone, after talking it over and reviewing some more, it appears the consensus is that it’s an OK deal only with the maintenance fees, the up-front cost is the major loser here. (Even my accountant friend was like maaaybbeeee? But then balked at the mention of the down payment).

I signed on Friday, with a 5 day cancellation window. I’ll be writing an email and sending the cancellation letter via certified mail ASAP (Monday at the latest).
Click to expand...
Congrats on your decision to rescind. You can get the same maintenance fee savings without the upfront cost by purchasing a resale Vegas deed.

After you rescind, stick around TUG and we can help you find a solid resale deal.
 
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