jieamoniqe17
TUG Member
- Joined
- Mar 14, 2018
- Messages
- 34
- Reaction score
- 37
- Points
- 58
- Resorts Owned
- Club Velas Vallarta
Hi,
My husband and I just bought a timeshare at Velas Vallarta on Tuesday 3/12/18 and something about the transaction did not sit right with me. Originally, we thought the $50k timeshare would be a great investment because we were told the money would be put into an annunity with Lloydshare and we could get 2-3 times the investment amount at the end of our 25 year term. The following morning at the closing (we had to move money for $17K closing) the salesperson tried to increase the price by $3,999, attributing it to taxes, after the original documents the previous day were written at the $50,000 price. I called him on it and told him " the Mexican way" was to keep you word. He agreed, reduced the price and met us the following day.
We signed some paperwork and a strange waiver that noted that "we had a contract modification and released the members of Grupo Velas from any further dispute." Needless to say, it just felt weird. Last night, I got the strangest feeling and I decided to do a search on "Lloydshare" and luckily I found TUG. I read and read and thank goodness I did. Not only did I learn that the annunity is probably a scam. I also learned how to rescind my timeshare application.
I immediately sent an email to my sales person,with a copy to PROFECO and I will hand deliver a signed copy this morning since I am still at the resort. I just want to say "thanks a million."
First of all:
1. I have learned to trust my gut, but it has taken me to reach the age to 50 to do so.
2. I am so grateful for this site and forum. When I realized there were 2 resells for the same resort for $100 and $700, I questioned my sanity.
3. The page that hit me between the eyes "IF you"ve just bought a timeshare and you want to get out of it. This is what you need to Do."
4. I am within the "5 business days" as stipulated by the contract and it makes it easier that I am still at the resort.
5. I am a listener and because they use different salespeople, the pitch was not consistent. The annunity was originally the original investment amount, then twice the return, the 3 times. As I read the complaints on the forum, I realized my suspicions were correct.
6. I will follow-up and let you know how my reception is perceived today when I hand deliver the letter.
jieamoniqe17
My husband and I just bought a timeshare at Velas Vallarta on Tuesday 3/12/18 and something about the transaction did not sit right with me. Originally, we thought the $50k timeshare would be a great investment because we were told the money would be put into an annunity with Lloydshare and we could get 2-3 times the investment amount at the end of our 25 year term. The following morning at the closing (we had to move money for $17K closing) the salesperson tried to increase the price by $3,999, attributing it to taxes, after the original documents the previous day were written at the $50,000 price. I called him on it and told him " the Mexican way" was to keep you word. He agreed, reduced the price and met us the following day.
We signed some paperwork and a strange waiver that noted that "we had a contract modification and released the members of Grupo Velas from any further dispute." Needless to say, it just felt weird. Last night, I got the strangest feeling and I decided to do a search on "Lloydshare" and luckily I found TUG. I read and read and thank goodness I did. Not only did I learn that the annunity is probably a scam. I also learned how to rescind my timeshare application.
I immediately sent an email to my sales person,with a copy to PROFECO and I will hand deliver a signed copy this morning since I am still at the resort. I just want to say "thanks a million."
First of all:
1. I have learned to trust my gut, but it has taken me to reach the age to 50 to do so.
2. I am so grateful for this site and forum. When I realized there were 2 resells for the same resort for $100 and $700, I questioned my sanity.
3. The page that hit me between the eyes "IF you"ve just bought a timeshare and you want to get out of it. This is what you need to Do."
4. I am within the "5 business days" as stipulated by the contract and it makes it easier that I am still at the resort.
5. I am a listener and because they use different salespeople, the pitch was not consistent. The annunity was originally the original investment amount, then twice the return, the 3 times. As I read the complaints on the forum, I realized my suspicions were correct.
6. I will follow-up and let you know how my reception is perceived today when I hand deliver the letter.
jieamoniqe17