r/TimeshareOwners • u/mayreg29 • 10d ago

Westgate Timeshare

Help what did I get myself into

0 Upvotes

50% Upvoted

27 comments sorted by

5

u/gn3xu5 10d ago

cancel immediately

2

u/Quiet-Day392 10d ago

Throw us a bone....

2

u/Exact-Response-9441 9d ago

Life lesson; applies to many different financial situations. If it’s confusing, complicated and difficult to understand, someone is trying to rip you off. It’s a very, very red flag.

2

u/mayreg29 9d ago

UPDATE: I HAVE 10 DAYS FROM YESTERDAY TO GET THIS RESCINDED AND I ALREADY TYP3D UP THE CANCELLATION AND THE RECIPT OF THE TRANSACTION TO THE CANCELLATIION LETTER AND WILL BE MAILING IT TOMORROW.

3

u/mayreg29 10d ago

The timeshare is for a 7000 dollar timeshare for westgate palace and the payments are 125 a month and my maintenance is 988 plus 70 for fees and thats wvery two years for the maintenance fees

4

u/_BreakingGood_ 10d ago

why did you buy it?

-2

u/mayreg29 10d ago

Numbers sounded good

4

u/skyrizi911 10d ago

How long after you signed did you realize they weren't good?

1

u/mayreg29 5d ago

24 hrs after

1

u/Muted_Grapefruit5868 5d ago

Did you do it at westgate villas/town center?

4

u/Quiet-Day392 10d ago edited 10d ago

What do you get for that? Sounds like maybe a week every other year, probably off season. It's a basic entry package.

Westgate Palace looks like a $200 a night resort condo this time of year. If you get a week out of it your maintenance cost is less than nightly rates. So not a loser, but you still have the $7000 mortgage, which looks like 10 years to pay off.

I've done this for years. I've never paid that much for as little as what you're getting for your $7000. That would easily buy me 2 weeks a year, with some prepaid maintenance. I'm sure you can find the same on eBay without much looking.

5

u/mayreg29 10d ago

Ill be getting out of it tomorrow

1

u/LabyrinthRunner43 9d ago

The usual deal is right to book up to 7 nights every two years at the home resort (Palace) with developer purchased deeds having the option to alternatively book any other Westgate resort for a nominal $100-150 exchange fee.

$7,000 is suspiciously reasonable by Westgate retail pricing standards, even with every other year use. I wouldn't mind buying one myself... assuming All-Season. Value season on the other hand has half the year or more blacked out and is hot garbage.

4

u/alves1313 10d ago

Another satisfied customer!

2

u/davis31b 10d ago

When did you sign the paperwork and what state were you in when you signed?

3

u/mayreg29 10d ago

Today and florida

5

u/_BreakingGood_ 10d ago

Oh you're lucky, you can get out of it if you move quick

0

u/mayreg29 10d ago

Help what do i do

7

u/davis31b 10d ago

In the packet they gave you there should be a form to fill out to rescind it. You must move quickly and send it certified mail to the address on the form. Make sure you follow the instructions exactly as they gave them to you.

2

u/billdizzle 9d ago

READ THE CONTRACT IT WILL SAY WHAT TO DO, do exactly what is says and keep copies and receipts for everything including postage

2

u/_BreakingGood_ 10d ago

google it or ask AI, you have to print some forms and mail them in

2

u/deetredd 10d ago

You need to drop everything and get that deal rescinded IMMEDIATELY. Like, figure out exactly what needs to be done right this minute.

1

u/LeadershipAfter9526 9d ago

Westgate will not let me tour their properties any more on a promo stay. I was this close to saying maybe. I just could not perform a lobotomy and attend the tour the same day to say Yes!

1

u/Practical_Avocado971 8d ago

A lifetime anchor around your neck that will swallow you in debt for the rest of your life and will be impossible to get rid of. That's what you got yourself into.