Villa Group said they will buy our old timeshare

[SandyGibson63]

We just purchased a time share from the Villa Group at Villa del Arco in Cabo San Lucas 4 days ago. They gave us $15,500 off the purchase price for our old time share in Aruba. We have 30 days to get the paperwork to them and they will transfer ownership. Now I'm getting nervous that they may not follow through and we'll be stuck with 2 time shares. We're still within the 5 day cancellation period. Has anyone dealt with the Villa Group?

 

[AJCts411]

Ask yourself if they gave you 15.5K off of an inflated retail price, zero resale value TS.

 

[TheTimeTraveler]

Rescind while you still can. Do your research FIRST. Otherwise you will be stuck with it and won't be able to rescind later.




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[Passepartout]

We have heard many anecdotal reports of Mexican TSs taking 'trade-ins' then later saying that it was just an offer to market the original TS, and of course when it doesn't sell, the original owner still has it as well as the 'new' one, and the now delinquent annual fees.

I think I would rescind, then try to offload the Aruba TS. Then buy resale if you still want a TS.
There are many Mexican (and other) TSs for pennies on the resale market.

Remember: NO timeshare is NEW.

Jim

 

[LannyPC]

We're still within the 5 day cancellation period.

Awesome! Then rescind!

 

[silentg]

Recind and keep your Aruba Timeshare!

 

[RX8]

I have read somewhere that after the purchase an owner changed their mind about the trade in and were charged to get their timeshare back.

According to my calculations you would have a 96.894% chance of being an owner of two timeshares and two maintenance fees. Rescind!

 

[bogey21]

Get out of the deal. The chances of something going wrong and/or you regretting it financially are probably 100%..

George

 

[Iggyearl]

This article from "Insidethegate" will describe the process pretty much.

https://www.insidethegate.com/gatehouse/2015/03/mexico-timeshare-fraud-march-14-2015/

Your contract with Villa probably doesn't mention the actual agreement, as it was verbal. You got a discount off a big price. You could have bargained down the price, but the attraction was getting rid of an existing timeshare. Don't trust verbal agreements. Rescind.

p.s. Villa did not agree to BUY your timeshare. They agreed to sell your timeshare.