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Should I cancel the purchase

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  • Should I cancel the purchase

    We currently own at the Summit in Massanutten resort. This is a RCI weeks resort. Last week bought at Vacation Village at Parkway (Orlando FL), a RCI Points Resort. Paid $13,990 for week 17 (Red) two bedroom unit. This comes with membership in the Vacation Village Voyages which basically allows you to have an additional 3-5 weeks for $288/week. This also allows our 2 weeks at Massanutten to be traded thru RCI for points (60500 each week). Got 46250 points at Vacation Village so the total combined points would be 167250 points each year.

    The idea is to use the Vacation Village Voyager Program for the accomodations, and use the points towards airfare or car rental.

    Shall I keep the Vacation Village TS or cancel the contract?

  • #2
    Not a good price - not a bad resort

    If you're asking will your plan for use work - yes, it will. If your question is "Am I paying too much to get this?" the answer is also YES.

    You can easily buy into an RCI Points based resort with as many points and all the other features of use for about $1500-$2500, and mostl likely lower annual fees. Heck, you may even find that resort at less than 1/3 the price you're getting. But to get the use and bonus times does not require ownership at VV or Orlando, not that theres anything wrong if you want to own there. You are just paying too much as you always will if you buy from the developer.

    So rescind your purchase. Follow the steps EXACTLY as stated in your paperwork.

    Then, after it is safely canceled, shop around for a deal on RCI Points. They are all over and you'll pay far less and most likely get more on resale.

    Comment


    • #3
      I don't think your 'Voyager' program has been mentioned before. Your optimistic outlook for using it with RCI points for airfare is a cause of concern. I personally don't think that you will get what you were led to expect in that program and points for airfare is not a good use unles you can churn points like BruceCZ does at CMV.

      Please, rescind now or forever hold your peace.
      ... not enough time for all the timeshares ®

      Comment


      • #4
        See this thread:

        http://www.timeshareforums.com/forum...timeshare.html
        "A man that doesn't spend time with his family, can never be a real man" The Godfather

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        • #5
          VV at Parkway week 17 is worth $ 2,000 or less on the resale market.

          Comment


          • #6
            If you have time to cancel your contract, do so immediately and then read as much information you can before buying again.

            Once this opportunity has passed of rescinding the contract, you may regret it later that you didn't do so right away. You need to read how to cancel the contract and follow the instructions exactly.

            You were lucky to find this forum in time. Welcome to TS4MS.

            Comment


            • #7
              Yes, you should definitely rescind if you still can...you'll see that you can, if you choose, get a much better deal. Good luck!
              Connie

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              • #8
                I've had limited success with using points for airfare. When I did use them, it was because they would expire otherwise. It would have been cheaper to pay cash for the airfare and I could have had a better selection of flights.

                Sheila

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                • #9
                  Originally posted by like2travel
                  We currently own at the Summit in Massanutten resort. This is a RCI weeks resort. Last week bought at Vacation Village at Parkway (Orlando FL), a RCI Points Resort. Paid $13,990 for week 17 (Red) two bedroom unit. This comes with membership in the Vacation Village Voyages which basically allows you to have an additional 3-5 weeks for $288/week. This also allows our 2 weeks at Massanutten to be traded thru RCI for points (60500 each week). Got 46250 points at Vacation Village so the total combined points would be 167250 points each year.

                  The idea is to use the Vacation Village Voyager Program for the accomodations, and use the points towards airfare or car rental.

                  Shall I keep the Vacation Village TS or cancel the contract?
                  ================================================== ====

                  Rescind promptly ---you're paying far too much money (about $10,000+ too much, in my opinion). Specific recommendations to rescind:

                  1. Stay off the phone. Phone conversations are legally meaningless and they only afford the seller an opportunity to get you to reconsider rescission.

                  2. Follow the cancellation instructions explicitly. They are printed right on your contract (probably in tiny micro-font, near the end of the document).

                  3. Send your rescission documents by certified mail, return receipt requested.

                  4. Do items 1-3 above --- NOW!!

                  Just my personal opinion, but you're not going to find ANYONE here stating that this is anything resembling a good deal. It's not, plain and simple.
                  Get out while you still can.

                  Comment


                  • #10
                    RESCIND NOW. Follow the directions in the paperwork and do exactly as it states.

                    Those RCI points deals at Vacation Village at Parkway are on eBay all the time. The beauty of buying RCI points resale is that they work just the same as buying retail.

                    There are better ways of buying points and using your current weeks as PFD, but it is not advisable to use those weeks as PFD unless your cost with maintenance fees are at or less than one penny per point. Don't waste your weeks by using them for PFD if your maintenance fees are higher.

                    So we have two weeks we have put into PFD. Our cost is slightly over one penny per point, but we did it anyway because we just can't use all of our weeks.

                    45,500 points for $440 maintenance fees + $26 RCI PFD fee = 1.024 cents per point for ours.

                    We decided to do it anyway and bought our airfare for Lihue Hawaii last summer. We wanted a particular flight with U.S. Airways that would get us into Kauai in the late afternoon on July 6th, 2006, which I could only find at $779 per person. We used our points and paid the same amount, basically, maybe a few dollars' savings, because the airfare was 70,000 points each + a transaction fee. Then Mom decided to go about four weeks before our trip and she bought the same flights for $550. Needless to say, we will buy our airfare more last-minute now for Hawaii, even for summer, because the cost usually goes down, closer to the dates. Odd but true.

                    Do we have regrets about buying airfare with Points? Nah. A bird in the hand is worth two in the bush. Mom was just lucky with her airfare purchase.

                    Comment


                    • #11
                      Any time one can get out of paying a lifetime of ever increasing fees PLEASE do so now! There are other ways to take a vacation.

                      Comment


                      • #12
                        Love Vacation Village Voyages!!

                        Not sure this forum is true to the nature or a group of 'negative' seekers. VVV rep and site did/does everything they said. Suggestion to others...Listen to the information provided to you. My contract reviewed every detail mentioned in the presentation. My vacation choices are exactly what the sales girl said there were going to be. I checked Better Biz Bureau and they rated B!!!!

                        Maybe the ones that don't like it.... could go to the discount flee bag hotel in shady areas.

                        I have just upgraded to the unlimited package, after owning for a year. Where in the world can you go to a 5 star resort for $299 or even $799 the highest rate and get a 2, 3 or 4 bedroom with amenities??? with no maintenance, taxes or assessments. BTW, rep told me that too! and my annual due is only $189 and I pay nothing if I don't use a resort week but, still get my hotel, car, air and cruise discounts.

                        Guess I paid a little more attention.

                        If any newbies want help navigating, gladly help.

                        TT

                        Comment


                        • #13
                          Nonsense...

                          TravelinTravis:

                          Do you somehow expect knowledgeable and experienced timeshare owners here to believe that your one and only contribution to these forums just happens to be a ringing "happy talk" endorsement of an obscure and relatively unknown "product" for which you've not so much as identified a purchase price, yet still praise its "value" to the high heavens?

                          Are we to further believe that you are not just an entirely unconvincing shill?

                          Please......don't insult our intelligence. This site is not called "Idiots 'R Us".

                          Comment


                          • #14
                            Originally posted by like2travel
                            We currently own at the Summit in Massanutten resort. This is a RCI weeks resort. Last week bought at Vacation Village at Parkway (Orlando FL), a RCI Points Resort. Paid $13,990 for week 17 (Red) two bedroom unit. This comes with membership in the Vacation Village Voyages which basically allows you to have an additional 3-5 weeks for $288/week. This also allows our 2 weeks at Massanutten to be traded thru RCI for points (60500 each week). Got 46250 points at Vacation Village so the total combined points would be 167250 points each year.

                            The idea is to use the Vacation Village Voyager Program for the accomodations, and use the points towards airfare or car rental.

                            Shall I keep the Vacation Village TS or cancel the contract?
                            I bought here for a buck on ebay

                            Comment


                            • #15
                              vacation village

                              you could have bought vacation village voyages for 5900... two weeks..without buying the parkway... but i think it is a scam...

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