Wyndom Resorts Ownership Help!!

[PSUBISER]

Today we attended a 2 hour seminar that went into 8 hours. Don't know where the time went, but bottom line is my husband and I purchased time shares at the National Harbor Place in Washington. We are having 2nd thoughts and need some advice from others who are more familiar with timeshares than we are. After reading some of the postings we feel that maybe we need to recind (have 9 days left to do so). Bottom line is the total is 33,600 dollars for 203,000 points per year and two years of VIP status. Included is the RCI exchange and the Wyndham perks and rewards. Our maintence fee per month is about 66 dollars. Any advice would be appreciated. Thank you.

 

[e.bram]

Advice? RESCIND, RESCIND, RESCIND. ASAP

 

[urple2]

You are correct in cancelling the contract. That's a lot of cash for contracts selling on ebay for 1/2 cent a point or less.

Rescind-following the instructions exactly as described and then spend some more time learning from others on this site.

 

[DeniseM]

Welcome to TUG!

Please see this article about rescinding. It was written for Starwood, but everything else applies to you.

Then rescind!

 

[timeos2]

Don'r wait - rescind now. Really.

Today we attended a 2 hour seminar that went into 8 hours. Don't know where the time went, but bottom line is my husband and I purchased time shares at the National Harbor Place in Washington. We are having 2nd thoughts and need some advice from others who are more familiar with timeshares than we are. After reading some of the postings we feel that maybe we need to recind (have 9 days left to do so). Bottom line is the total is 33,600 dollars for 203,000 points per year and two years of VIP status. Included is the RCI exchange and the Wyndham perks and rewards. Our maintence fee per month is about 66 dollars. Any advice would be appreciated. Thank you.

If you go through with it you will regret it forever. Wyndham is a great system but not at retail price. You could buy the 203,000 points for less than $3000 resale. Yes, less. Not a mistake. But that's the least of it.

As of the end of the 9 days you will lose 90 to 95% of the purcahse price if you try to sell. Don't do it. Rescind. Now. Buy resale if you want, it is a great value at resale prices and it is a great, flexible system. But at retail price it is a complete ripoff. VIP is a sham and you wouldn't have it in two years anyway but you would have needlessly paid 90% or more too much.

RESCIND. It's really that simple.

 

[AwayWeGo]

You're Welcome.

Any advice would be appreciated. Thank you.

Click here for some practical advice.

Keep in mind also that in the timeshare biz, there is no difference whatever between new & used.

In fact, there is no such thing as a new timeshare.

No matter how much (or how little) you pay, & no matter whether you buy from a timeshare company or from some previous owner, by the time you show up & check in, other people will have already stayed right there in your unit ahead of you.

All timeshares are used-used-used any way you shake it.

Thus it makes no sense whatever to pay new prices for an item that is no such thing.

Buy timeshares resale. Save thousands.

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

 

[IGNORANT]

Before you buy timeshare

Today we attended a 2 hour seminar that went into 8 hours. Don't know where the time went, but bottom line is my husband and I purchased time shares at the National Harbor Place in Washington. We are having 2nd thoughts and need some advice from others who are more familiar with timeshares than we are. After reading some of the postings we feel that maybe we need to recind (have 9 days left to do so). Bottom line is the total is 33,600 dollars for 203,000 points per year and two years of VIP status. Included is the RCI exchange and the Wyndham perks and rewards. Our maintence fee per month is about 66 dollars. Any advice would be appreciated. Thank you.

_________________
33,600 dollars - that salesperson is very good at doing his/her job! I own 7timeshares -total price of my 7 timeshares is less than 10% of yours! rescind asap!

 

[Dave H]

Advice? RESCIND, RESCIND, RESCIND. ASAP

e,bram:

Why RESCIND, RECIND, RECIND...... transfer it to a LLC and deed it back with language that they can not refuse it.....


you really need to stay consistant in your philosophy... makes you and your ally sound less ridiculous.

 

[theo]

You're much too kind...

e,bram:

Why RESCIND, RECIND, RECIND...... transfer it to a LLC and deed it back with language that they can not refuse it.....


you really need to stay consistant in your philosophy... makes you and your ally look more credible.

I respectfully suggest replacing the words "look more credible" with "sound less ridiculous"...

 

[notsohappy2]

Don't go through with it; it is something you will regret for the rest of your life. Trust me!

 

[Patri]

8 hours? That must be a record. Get your recission in the mail tomorrow, return receipt requested as proof of mailing.

 

[PSUBISER]

recision sent, thanks for the advice.

thanks to all, rescision is sent. will need to do more reaerch on this whole thing because the concept is very appealing. we really need the vacations.
rb

 

[Aussiedog]

Shameful

Eight hours of high pressure sales tactics is shameful. As a Wyndham owner (resale only) I am embarrassed.

Ann

 

[YeongWoo]

Too nice

thanks to all, rescision is sent. will need to do more reaerch on this whole thing because the concept is very appealing. we really need the vacations.
rb

I'm so glad that you got that done because anyone that would set through 8 hours of that has to be a saint. There's another post about things to do to get through the presentation easier. It's funny reading.

I loved National Harbor when I was there in January. Everything about it was first class so it's easy to see why you buy there. The thing is you'll get to go back there now using points that cost 1/100th of what you were paying. And you'll get to enjoy touring DC.

 

[LBTRS]

I own 386,000 annual points in Club Wyndham Plus all were purchased resale. I paid a total of $4 (yes, four dollars) for these points with closing costs and transfer fees on top of the $4. Total for my 386k points (4 separate contracts) was less than $1500 (would have been cheaper had I not used the sellers closing agent and used my own) total which I paid for in cash.

Rescind and check out ebay for the same thing at a much better price.

 

[AwayWeGo]

Time Flies When You're Having Fun.

I'm so glad that you got that done because anyone that would set through 8 hours of that has to be a saint.

I'm guessing it went 8 hours because after 4-5 hours of arm-twisting they moved you to a cubicle in the inner sanctum & spent the rest of the time haggling over $$$ & filling out forms & actually going through all the procedural steps involved in the sign-up & purchase folderol.

If so, that confirms a suspicion I have been harboring to the effect that saying Yes to the timeshare sellers with the idea of rescinding soon afterward doesn't actually save any time.

There's another post about things to do to get through the presentation easier. It's funny reading.

Click here for that.

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

 

[e.bram]

Dave H:
#1)hey want to get their deposit refunded.
#2) I sure Wyndham would make them sign personal on the note even if they put the TS in a LLC. Which they could not do with a lien on it even if it were held personally.

 

[teepeeca]

e.bram

Dave H:
#19 They want to get their deposit refunded.
#2) I sure Wyndham would make them sign personal on the note even if they put the TS in a LLC. Which they could not do with a lean on it even if it were held personally.

I guess I'm tired. What is #19??? AND---I'm "not sure" what "LEAN" on it is.
Will you please explain that? Thanks !!!

Tony