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Should I rescind?

Dchurch76

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Capital Resorts 40,000 points Charter certificate
I went to 84 Main St in Kennebunk Maine to a Capital Resorts timeshare meeting. I ended up walking away with 40,000 points and a Charter membership for $8100 total and mf of 670 a year. Did I make a mistake? He told me If I book within 60 days my points are only half used, that I have access to all of the resorts for reduced cost of $59-119 a night based on size, that I can call him direct and he will book my airfare, car, resort and save me money, that as a charter member I receive 12 vacation getaways a year that can cost only $449 or less for a week, if I don't use my points one year I can roll them over and there's no fee, and I get access to a penthouse once a year.

Did I over pay, make a mistake or get scammed.
 
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Iggyearl

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You went to a promotion for a gift and bought what the salesman was selling. Have you studied any timeshare system? - they are all different. Do the promises that the salesman made show up in the contract?? Probably not. Will the salesman take your calls after the rescission period is up? Probably not. Did the salesman make a big commission in selling you this package? Definitely.

I was involved as a "partner" with a lawyer for 13 years. One of his early phrases was. "Make all your promises verbally - and get all your promises in writing." Big lesson learned by me.

Chances are that your last sentence is totally correct. Go on the internet and google, "Capital Resorts complaints." A lot of stuff there. Also, look at the reviews from employees on "Indeed.com" Biting comments from people that work there. I would assert that you are doubting your purchase, and that is the reason you searched out TUG. There are instructions in your contract on how to rescind. Follow them properly and have all purchasers sign your rescission letter. Send in by certified USPS mail with a return receipt. If you really do want a timeshare, come back here and research the different systems and the best way to buy (resale). Good luck.
 

vacationhopeful

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You could buy many better resorts on the resale market (E-Bay, TUG marketplace, Craigslist, some HOAs have a website with HOAs listings or HOAs which have a local real estate offices being the resale agent).

And I always recommend, RENT before you buy ... I didn't on my first eBay purchase ... the unit was PINK .. kitchen with pink METAL cabinets, walls, furniture, drapes and everything was from the late 1950s and early 1960s...PINK.

Rent or visit a resort before buying ... any times you can find another owner staying there who will GIVE you there timeshare ownership .. for free.

PS Free is sometimes WAY TOO much for a resort.
 

Passepartout

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Short answer: Rescind. A little longer version: How many resorts in the system for you to choose from? These 'Points', Whose points are they? RCI? Hilton, Wyndham? In other words what other systems recognize these points as 'currency'? I suspect, none. When this salesweasel, says to call him, do you REALLY think that in 5 years or so, he'll still work there, or that he'll recognize your name? Or that your contact with him won't just generate another sales opportunity for him.

There are waaaay too many good timeshares available for FREE, and for $8100, you can get into a Marriott, or Hilton quality TS that has 'resalability' as opposed to one that will wipe out your $8100 on the first day after the rescission period ends.

Rent a few times in different systems. Then hang here for a while. We'll make you an INFORMED buyer if you choose to go that way.

Jim
 

silentg

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Good advice, recind NOW! Welcome to TUG.
 

nightnurse613

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I like to start off my week by learning something new. Never heard of Capital Resorts so I looked them up. Looks interesting but what left me wondering was the various memberships I saw for 150,000 - 450,000 points for sale for $25,000 on up. I'm left wondering what can you get for 40,000 points? If they gave you a directory that lists points requirements - take a look. Beyond that, I like the advice to RESCIND and investigate. Depending on your situation, $8000 is a good chunk of change that could get you a larger selection.
 

rapmarks

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Tschwa2 owns with that system, contact her with your questions


Sent from my iPad using Tapatalk
 

TUGBrian

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congrats on finding TUG in time to save 8100 bucks!
 

Dchurch76

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Capital Resorts 40,000 points Charter certificate
I like to start off my week by learning something new. Never heard of Capital Resorts so I looked them up. Looks interesting but what left me wondering was the various memberships I saw for 150,000 - 450,000 points for sale for $25,000 on up. I'm left wondering what can you get for 40,000 points? If they gave you a directory that lists points requirements - take a look. Beyond that, I like the advice to RESCIND and investigate. Depending on your situation, $8000 is a good chunk of change that could get you a larger selection.

No book with Amounts of points. Just heresay by salesman.

Going to send my cancellation letter in tomorrow. Thank you to everyone
 
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