However, it will require some work and you will have to read the fine print of the contract to make sure that this cancellation clause was included. If you were pressured into signing a contract, and are within a five (5) day window then you can likely get it cancelled. You’re signing a binding contract, and there can be repercussions if you break that contract – even if it’s in another country.
When we asked the sales center manager about this, they said we can simply stop paying anytime – which in our opinion is a complete lie. We found that a large number of unhappy customers have been posting online about their difficulties with cancelling the membership.
However, if you sign their contract in Mexico then there is not an easy way for you to take action to cancel your membership should you want to opt out. If these vacation clubs were based out of the US, then you have lots of legal options you can take to get your money back.
We urge you to think about what you would do if something goes wrong. We couldn’t just walk out the door as we needed them to get us a taxi to get from the sales center back to our resort. After we said we were not interested in getting a membership and would like to leave, we were stuck there for another two hours as they rotated through another four people with rising seniority to try and get us to sign. If a product or service is truly good, the company selling it rarely has to resort to high pressure sales tactics. Combine that with the crazy high interest rate, and you can see that this vacation club does not make financial sense. Since vacations are not physical products like a car, or house you are really getting nothing for the money you throw down. You don’t have to be a math whiz to figure out that paying for 30 years worth of vacations up front is not a good deal. We were told the interest rate was so high because Mexico has very high lending rates which is probably true, but it doesn’t change the fact that this is a bad deal financially.įinancial. If you actually went ahead with this, you’re paying over $20,000 in just interest over a period of 48 months. Our unsecured line of credit from the bank has a much lower interest rate than 9%. After some haggling, they dropped the interest rate down to 9%. Most people wouldn’t pay $70,000 all at once so their 48 month financing option (with 20% down) is what people who buy this usually go with – but guess what their interest rate is. It would be much more fair if the payments are divided out over 30 years. We understand they need cash flow to build new resorts, but they should go get that from a bank rather than squeezing it out of their members. They are essentially asking you to pay for 30 years worth of vacations up front. Let’s just think about that for a second. Our friends at Unlimited Vacation Club wanted us to either pay $70,000 all at once, or put 20% down and pay for the rest over 48 months. Even a single week at one of their resorts would cost around that for two people. You know what? $70,000 for 30 years isn’t that bad considering that’s $2,333 a year. Unlimited Vacation Club Review – Secrets Maroma
0 kommentar(er)
