Version EspañolAvoid being a timeshare scam victim
Walk away as soon as you hear these lies:
- The product is presented as an investment opportunity
- There is a marketing or rental program that will rent your timeshare for a profit
- The developer will buy your old timeshare or sell it within certain time for a profit
- The timeshare is presented as "easy to resell"
- Great discounts on airfare, cruises, hotels, car rental or tours
- There are tax advantages
- It is a deeded or like a deeded property (perpetuity)
- You signed a waiver rescinding your 5 days cancellation right
1. The product is presented as an investment opportunity
Timeshares are a good product when the customer understands that the investment relies on the usage of the product with the family or spouse. Timeshares are usually not a good investment opportunity especially if you are buying from the developer. When a salesman knows that the sale is not likely to happen with the customer in front of them, he might be inclined to present the timeshare as an investment opportunity where the client will recover their money invested in a short time.
Go to the top of the page ^2. There is a marketing or rental program that will rent your timeshare for a profit
This is probably the biggest scam of all. This is usually mentioned at an early stage in the presentation when the salesman is offering the different usage of the timeshare. Then, when the closer or "manager" comes in to close the deal, this last person hits it hard to justify the cost of the purchase. He makes it look like a good way to recover the money invested if the couple can´t use the timeshare. This and the next tip can really damage the economy of the customer if they purchase based on a future income to cover the cost of this timeshare.
Go to the top of the page ^3. The developer will buy your old timeshare or sell it within certain time for a profit
Many people have come to us because of this option. If a client already has a timeshare, the salesman makes the customer believe that the resort will buy their timeshare or refer them to an agency that will sell their existing timeshare within 60-120 days. Often there is a fee to list the property, and they never sell the timeshare, leaving clients with two timeshares.
4. The timeshare is presented as "easy to resell"
This option is also presented an an early stage of the sale process, the salesman would say :"you can use it, rent it, resell it... in fact, our timeshare goes up in value 5% every year...". Other timeshares go to the extent to offer the right of first refusal. This is nothing more than the creation of an atmosphere where the salesman makes the customer believe that if for any reason they are not happy or can´t afford it, the company will buy it back for a profit next year.
Go to the top of the page ^5. Great discounts on airfare, cruises, hotels, car rental or tours
It is very common that the sales people exaggerate the benefits of the timeshare to add value to the timeshare. The salesman might show you a chart explaining how they can get you an airfare for up to 75% off or how to get a car rental for half of what it would usually would cost you on an internet site. While getting some discount is probable, obtaining the "exaggerated" reduced cost in airfare is not likely to happen. Clients have contacted us and expressed their dissatisfaction because they were told by the salesmen the airfare from New York to Cabo would be less than 300 US round trip. When they get to talk to customer service at their resort, the airfare is at least twice that amount (same as the internet or travel agent).
Go to the top of the page ^6. There are tax advantages
There are no tax advantages in the USA or Canada when purchasing a timeshare in Mexico.
Go to the top of the page ^7. It is a deeded or like a deeded property (perpetuity)
Timeshares in Mexico are a right to use or lease. While some timeshares are for up to 99 years, the average is from 20 to 30 years. This means that once the lease has ended, if the customer wants to extend the membership, he will be obligated to buy the timeshare again at future prices.
Go to the top of the page ^8. You signed a waiver rescinding your 5 days cancellation right
The right to cancel your membership within five days is a constitutional right that cannot be waived. Resorts such as Krystal, Royal Holiday or Velas include in their contract a waiver letter of this right. When handing over the copy to the client, that copy is not included in the contract since it is illegal. YOU HAVE 5 DAYS TO CANCEL YOUR TIMESHARE NO MATTER WHAT YOU ARE TOLD OR WHATEVER DOCUMENT YOU SIGNED.
Go to the top of the page ^Why should Gonzalez & Gonzalez help you today?
Because our work is based on a contigency basis: no results, no pay.
Contact us now: 1 888 275 3595
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