Silver Lakes Resort Travel Club

[Cedarvillelady]

Hi All! I noticed a few threads on Silver Lakes (SL), but nothing addressing the Travel Club. I was sold a timeshare three days ago that seems to be what I'm looking for but I fear i may have overpaid and need to rescind (seven days left).

So it was 47,120 points that cost $15k with $600 maintenance fee.

It lets me vacation in the midwest where NO ONE has resorts. Seriously. No one. Except for a few these guys have tapped into.

The additional Travel program does lowest price match (plus additional 10% if they're undersold) on all kinds of places in the midwest and midsouth, which is what i need. Plus the occasional big trip to somewhere more touristy.

You don't lose points because they roll over to club ($75 fee every two years).

If anyone knows of a better deal, I'd be grateful. If you guys think its' worth sticking with it, let me know that too.

Mostly I'm having buyer's concern, not remorse. I want the vacation package, but it was an aggressive sales situation and I need to calm down and get my facts straight.

 

[RNCollins]

Look over your contract very carefully for instructions on how to rescind. The clock is ticking. Follow the instructions to rescind exactly as written. Make sure all who signed the contract signs the rescission letter.

After rescinding if you are still interested in learning more about timeshares, join TUG. Timesharing can be a great way to vacation with family and friends, but not at retail prices.

 

[LannyPC]

...but it was an aggressive sales situation and I need to calm down and get my facts straight.

...which is exactly why people are given a rescinding or "cooling off" period. So take advantage of that immediately. Then take your time to think this purchase through without the pressure being rammed down your throat.

 

[Cedarvillelady]

...which is exactly why people are given a rescinding or "cooling off" period. So take advantage of that immediately. Then take your time to think this purchase through without the pressure being rammed down your throat.

Agreed....I'm leaning towards rescinding because I found points systems and timeshare offers through Silver lakes on Ebay...not sure how trustworthy Ebay timeshare offers are...but its the travel club. I have found ZERO offerings for that club, which is the reason I purchased.

RCI has no offerings at all in Ohio. The Travel club lets you swap points from RCI into some pretty nice hotels and studios in, say, Columbus or really middle-of-nowhere places like Logan Ohio. I can buy an RCI points package no problem, which is what I'd do for the luxury places, but if I want a weekend getaway somewhere in the tri state area, that's REALLY hard to come by.

 

[Cedarvillelady]

...which is exactly why people are given a rescinding or "cooling off" period. So take advantage of that immediately. Then take your time to think this purchase through without the pressure being rammed down your throat.

Oh, I should add, air travel takes years off my life. I think I'm going to die a year younger because of the Kissimee trip. I'm a severely phobic flyer. So midwest and midsouth offerings are really important.

 

[theo]

Personally, I recommend rescinding immediately. After doing so, I would look long and hard at this (or any other) "travel club", particularly scrutinizing the numbers. If after doing some research you still think this is a "good deal" (...I seriously doubt that you will), that "deal" will always still be available.

More specifically, aren't there rentals available at the places you want to go --- choosing your length of stay, without the $15k "buy in", without the annual maintenance fee and without getting involved with the gyrations and uncertainty of "swapping points" for access, etc.? I'm betting yes, with little doubt.

It's your decision of course, but I would rescind and bail out of this "club" while you still can. I'll bet that $15k can go to much better use and enjoyment.