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Timeshare education at the sales table.
I see why so many are completely disillusioned about their timeshares, especially after sitting at a timeshare presentation for a few hours. How is that for an education? They tell you all the positives about their system or their weeks, how valuable they are for exchanging, constantly comparing their product with hotel costs that keep rising (as if MF's just never increase), then you sign the papers and find out that what you bought is nothing like you imagined.
I am asking questions all the time about Fairshare, and we have not even thought of half of what we need to ask yet.
We have some friends who are really stupid with money. They bought two timeshares in Florida, both decent places, and they don't use them at all. So they want to buy a new truck and call me to say they want to sell their timeshares. Well, they owe so much money on them that they could never even pay their loans. So they pay the fees and don't use the weeks, which is crazy! Rick is trying to encourage them to at least rent them out for now. But he talks to the guy two days ago and finds out he and his wife bought two more weeks from the developers, one in Mexico and one from Fairfield in Florida.
Now they have four timeshare payments. So Rick asked what they were thinking, buying more timeshares? He said the Mexico salesman said their company would sell the other three for them and pay them off. They took the equity in on "trade."
For anyone who knows us to go out and buy four timeshares from developers, that is completely the opposite that you would think our friends would do, wouldn't you?
They have no idea how to use them and are complete naive about the lies salesmen tell. They have also paid upfront fee companies to sell the first two, and now within six months, they have purchased two more. Rick asked him, "Why would you buy more timeshare? Those other two were working so well for you?"
Funny that we rescinded a Fairshare Plus purchase at Bali Hai and have had second thoughts, because of the Platinum Level thing. Now these two probably have some kind of VIP and don't even know what they could do with their purchase. It's crazy.
I am asking questions all the time about Fairshare, and we have not even thought of half of what we need to ask yet.
We have some friends who are really stupid with money. They bought two timeshares in Florida, both decent places, and they don't use them at all. So they want to buy a new truck and call me to say they want to sell their timeshares. Well, they owe so much money on them that they could never even pay their loans. So they pay the fees and don't use the weeks, which is crazy! Rick is trying to encourage them to at least rent them out for now. But he talks to the guy two days ago and finds out he and his wife bought two more weeks from the developers, one in Mexico and one from Fairfield in Florida.
Now they have four timeshare payments. So Rick asked what they were thinking, buying more timeshares? He said the Mexico salesman said their company would sell the other three for them and pay them off. They took the equity in on "trade." For anyone who knows us to go out and buy four timeshares from developers, that is completely the opposite that you would think our friends would do, wouldn't you?
They have no idea how to use them and are complete naive about the lies salesmen tell. They have also paid upfront fee companies to sell the first two, and now within six months, they have purchased two more. Rick asked him, "Why would you buy more timeshare? Those other two were working so well for you?"
Funny that we rescinded a Fairshare Plus purchase at Bali Hai and have had second thoughts, because of the Platinum Level thing. Now these two probably have some kind of VIP and don't even know what they could do with their purchase. It's crazy.
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