• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 31st anniversary: Happy 31st Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $24,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $24 Million dollars
  • Sign up to get the TUG Newsletter for free!

    Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Were VCI residuals paid out? (Royal Resorts)

bizaro86

bizaro86

TUG Review Crew: Veteran
TUG Member
Joined
Mar 5, 2008
Messages
4,014
Reaction score
2,938
Location
Calgary, AB, Canada
I've searched quite extensively, and found numerous posts saying that the residual payments for VCI were scheduled to be made in 5 equal payments over a 2 and a half year period. Were those payments made on time? Experiences from tuggers would be appreciated.

Thanks,

Michael
 
I had two memberships and got my payments on time--one in August '07 and the other in Feb. '08 so I assume the rest will be on time.
 
I appreciate the information. I'm considering purchasing at one of the royals, and the residual value is a big part of why, so I want to make sure there's a good chance of at least getting most of it.

Thanks again,
Michael
 
bizaro86 said:
I appreciate the information. I'm considering purchasing at one of the royals, and the residual value is a big part of why, so I want to make sure there's a good chance of at least getting most of it.

Thanks again,
Michael
Click to expand...

If your concern is whether or not the Royals follow through, it is a reputable organization and we are confident that they will follow through with the terms of the contract. :)

Just be aware that the residuals are not guaranteed - whether there is enough to cover residuals or to payback extra above the residuals will depend on the selling price minus legal fees, taxes, and so forth. :shrug:
 
Good to know about their reputation. That's how it seemed to me, but then there were a lot of old posts where people, were complaining about the payment schedule, but I couldn't find any where someone was saying they had received one! I understand the payments aren't guaranteed, but I'm considering the Royal Mayan, which as I understand all end in 2012/13. So if you're only getting it for 5 years, the residual becomes an important part of the calculation. And I'm sure the resort will be worth SOMETHING!

Michael
 
You must log in or register to reply here.
Top