Bought TS in Vegas. Stupid!

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

Going to do that in about 10 mins. Although I already got an email from the sales guy saying that he wished I'd talked to him first as he could've put us in a smaller package, blah blah blah.

Don't think he can beat the price of buying packages on ebay or other sites.

Don't buy any timeshare if you have to borrow funds. JMHO.

Remember also that the moment you leave the sales office, the timeshare is practically worthless so you get very little back of what you paid when you have to sell. If you have used it for many years, then you have had your worth (enjoyment) out of it so it isn't so painful.

I am so glad for you that you found this forum in time and have rescinded within your legal time period. If you are still interested in owning a timeshare anyway, read the many posts about buying as you can buy the same again very cheaply today but your annual fees will be the same.

[mr_clark Junior Member Find all posts View Profile Close mr_clark]

Don't buy any timeshare if you have to borrow funds. JMHO.

Remember also that the moment you leave the sales office, the timeshare is practically worthless so you get very little back of what you paid when you have to sell. If you have used it for many years, then you have had your worth (enjoyment) out of it so it isn't so painful.

I am so glad for you that you found this forum in time and have rescinded within your legal time period. If you are still interested in owning a timeshare anyway, read the many posts about buying as you can buy the same again very cheaply today but your annual fees will be the same.

Definitely good advice. Thanks.

I feel so relieved. I barely slept last night worrying about what sorts of problems I was going to run into to cancel but it wasn't that painful. Kind of put a damper on the vacation worrying about the huge amount of debt we'd agreed to.

We still had an awesome time in Vegas and already want to go back. Disneyland for adults it definitely is.

I think we're feeling a little burned by timeshares at this point but will definitely look into buying one towards the end of the year. We've promised the kids a trip to Hawaii (or some other warm place) in 2013 so we'll have to figure something out.

[Tia Senior Member Find all posts View Profile Close Tia]

Believe the mailing date is what counts not the day it arrives, make sure you have documentation to prove it was mailed on what date.

I once thought I'd be safe and mail a check for a ts rental certified , it was going to Canada. It took FOREVER to arrive.

[JWC Super Moderator Find all posts View Profile Close JWC]

Definitely good advice. Thanks.

I feel so relieved. I barely slept last night worrying about what sorts of problems I was going to run into to cancel but it wasn't that painful. Kind of put a damper on the vacation worrying about the huge amount of debt we'd agreed to.

We still had an awesome time in Vegas and already want to go back. Disneyland for adults it definitely is.

I think we're feeling a little burned by timeshares at this point but will definitely look into buying one towards the end of the year. We've promised the kids a trip to Hawaii (or some other warm place) in 2013 so we'll have to figure something out.

If you want to do exchanges, IE Hawaii then you definitely do not want to own a timeshare in Las Vegas. They have low trading power due to being overbuilt which is why it is so easy to exchange into a Las Vegas timeshare.

[mr_clark Junior Member Find all posts View Profile Close mr_clark]

If you want to do exchanges, IE Hawaii then you definitely do not want to own a timeshare in Las Vegas. They have low trading power due to being overbuilt which is why it is so easy to exchange into a Las Vegas timeshare.

I didn't know that there was a difference in trading value depending on location. I definitely need to do a lot more reading before taking the plunge.

Thanks for the info.

[JWC Super Moderator Find all posts View Profile Close JWC]

I didn't know that there was a difference in trading value depending on location. I definitely need to do a lot more reading before taking the plunge.

Thanks for the info.

Location and season are the prime factors affecting the trading power of a timeshare. It is really common sense in that it is demand vs supply. Some areas have high demand like Orlando, Las Vegas, Branson, etc. but they are also overbuilt so the supply is high. Areas like Coastal California ( summer months ) and Hawaii have very strong trading power because the demand exceeds the supply. There are other good areas as well but those I am more familiar with. I own Coastal California ( downtown San Diego ) and it is a very strong trader with low maintenance fees.

[puppymommo Senior Member Find all posts View Profile Close puppymommo]

I didn't know that there was a difference in trading value depending on location. I definitely need to do a lot more reading before taking the plunge.

Thanks for the info.

With Wyndham points there isn't. Exchanges with RCI are all based on unit size and season of the year.

With Wyndham, your choice of location (where to purchase for home resort) is usually based on ARP (Advanced Reservation Priority 13 months out at your home resort, 10 months out at all other resorts) and maintenance fees which vary from resort to resort.

[mr_clark Junior Member Find all posts View Profile Close mr_clark]

A little late but I thought I'd give a quick update. I did receive a (sort of full refund) on all the money I gave Wyndham during this fiasco. The reason I say "sort of" is because the exchange rate for Canadian $ changed by about 5% between the payment and refund so it ended up costing us about $250. I'm going to chalk that money up to experience and move on.

I'll definitely be back here when my wife and I decide to look again at timeshares.

Again, thanks a lot for all your help and information. And I've learned the next time I'm on holidays to just run when somebody offers us something for 'free'.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

$ 250 was a bargain and it may have been an introduction to timeshare for you. Stick around and learn so that you can perjhaps find the right timeshare for you at a low price---note that most resale prices now have nowhere to go but up.

[grest Senior Member Find all posts View Profile Close grest]

glad this worked out for you.