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Want to rescind

chrislock7

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I need help. My deadline is tomorrow and I think I want to rescind because I don't think the points system isn't what I want. I'm only getting 21,333 points a year and all the great resorts are over 50,000 In 2 years I won't have enough points to get to one plus they'll make me pay for not using any points while I'm trying to build them up. Can a person really get to all the nice resorts on a 45 day or less notice with RCI? Scared!
 

pambroselli86

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I have been reading all of this points stuff for 2 years!

My suggestion would be to follow all of the advice you are to soon be given and rescind. Follow the directions contained in your contract to the letter. Send certified return receipt. Then lock up your credit/debit card and watch the secondary market, ie: ebay the classifieds here on TUG and learn what points sell for in the real world.

I bought my first points unit last week. I think I must have asked 15 questions here on TUG since. I do not know why these questions do not come to me before the purchase. I do admit I did not buy for points we simply wanted the underlying week.

Good luck!

Paul:hi:
 

Lawlar

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Rescind!

I suggest you rescind. A timeshare depreciates to about 40% of what you paid for it - if you can find a buyer. The maintenance fees are often outrageous and increase yearly.

If you really want to own a timeshare you are best served by following the advice from experts here at TUG (who know a lot more than I do) and buy your timeshare at resale prices.

Send the recission notice by fax, email and by a source that will give you a record that it was delivered (like certified mail or USP). Don't hesitate. You can always change your mind later and buy it from the same sales agent. Don't let them fool you into believing that prices are going up and you won't have the same opportunity again.

My wife talked me out of sending the recission notice after I prepared it - and I really regret it.
 

Karen G

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Once owned these: FirstFairway@Walden X 2; Lawai Beach; ManhattanClub; PuebloBonitoRose; 4 South Africa--now timeshare-free
My deadline is tomorrow and I think I want to rescind . . . Scared!
Then just do it! You'll never have this chance again so follow the rescission instructions exactly. You are one of the fortunate few who have found TUG in time to take advantage of rescinding within the specified time frame.

After you've rescinded, take plenty of time to educate yourself on timeshares and buy on the resale market.
 

falmouth3

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Pay attention to the directions on how to rescind. If they say to send by US Mail, then do it, but get a receipt. Don't fax or fed ex if they tell you to do something else. Follow the directions exactly.

But do rescind. And spend some time here reading and educating yourself before you purchase again. If you decide that buying from a developer is what you want to do, you can always buy again from them at a later date for the same deal.

Sue
 

pambroselli86

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Amazing!

We are told at ts sales presentations that this is a once in a lifetime offer. The ability to rescind on the last day is indeed that once in a lifetime opportunity.

Good luck! :hi:
Paul
 

AwayWeGo

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Grandview At Las Vegas

[triennial - points]
Instant Exchange.

Can a person really get to all the nice resorts on a 45 day or less notice with RCI?
For no more than 9,000 points + exchange fee, members of RCI Points can snag full-week reservations into any RCI Weeks (not RCI Points) timeshare that's still available 45 days before check-in.

RCI calls that Instant Exchange.

We've done that several times now, for 7,500 points each time.

Naturally, those bargains are offered because they're the leftovers -- either the dogs & cats of the timeshare world, or the offseason weeks in timeshare-heavy vacation spots (which can include some super-nice resorts).

Instant Exchange won't get you into all the nice resorts on 45 days' notice, but for sure it'll get you into lots of nice resorts on 45 days' notice.

Instant Exchange is the main reason we took the points plunge after being non-exchange timeshare owners for a year or so, then joining RCI & doing straight-weeks timeshare trades for another year or so.

In fact, we've done a straight-points exchange just once. All our other points timeshare vacations have been Instant Exchange.

-- Alan Cole, McLean (Fairfax County), Virginia, USA.​

 
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djs

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We are told at ts sales presentations that this is a once in a lifetime offer. The ability to rescind on the last day is indeed that once in a lifetime opportunity.

Good luck! :hi:
Paul

I believe it's called a "once in a lifetime" offer because once you realize it's not a good deal and recind, the salesperson will never have a chance to rip you off in the same manner. So it's true that they aren't lying when they say "once in a lifetime" except that refers to them and not the buyer.
 
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