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have you used GMAC?

M

michellew

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Apr 16, 2009
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I imagine a lot of you have received calls from GMAC offering to sell your timeshare or rent your weeks. Owned by General Motors Corp, they have a real estate division and a timeshare division. Here it comes...the upfront fee of $650. This is a lifetime fee, which covers unlimited renting/selling. I've read the don'ts of upfront fees from other members. Has anyone tried going through GMAC? :doh:
 
michellew said:
I imagine a lot of you have received calls from GMAC offering to sell your timeshare or rent your weeks. Owned by General Motors Corp, they have a real estate division and a timeshare division. Here it comes...the upfront fee of $650. This is a lifetime fee, which covers unlimited renting/selling. I've read the don'ts of upfront fees from other members. Has anyone tried going through GMAC? :doh:
Click to expand...

Just what exactly makes you believe that the calls you have apparently received are from a real estate subsidiary of General Motors ? What evidence has the caller provided you to support his claim ?

K.
 
Welcome to TUG! :hi:

First of all, I don't think they are owned by General Motors.

Secondly, you can advertise just as well yourself for a fraction of the cost.

Thirdly, in this economy, the timeshare market is very depressed and if you have a week to sell, prepare to take a 50% - 100% loss, with or without GMAC...

And last but not least, if you send me the $650 - I will also be glad to advertise your rentals and resales indefinitely! ;)
 
Thanks for your responses to my inquiry-was hoping for more though! I stand corrected on GMAC being owned by General Motors. They are a finance company. They used to be the finance co. for, and owned by, GM. They have since branched off from GM, and are currently owned by a company called Brookefield. They still finance auto loans as well as real estate and timeshares. Once the $650 (transferable lifetime) fee is paid, you can list your points/property for rent/sale as many times as you wish. They make their money off of the interest on the loans given to purchasers of the timeshares they sell (and the one-time fee, of course!). It is in their best interest to rent as well, as they are able to approach that huge experienced customer base for further sales. They claim to have many advertising venues, the most effective being showcase delivery in Orlando. ;)
 
Did you see this thread?

michellew said:
Thanks for your responses to my inquiry-was hoping for more though! I stand corrected on GMAC being owned by General Motors. They are a finance company. They used to be the finance co. for, and owned by, GM. They have since branched off from GM, and are currently owned by a company called Brookefield. They still finance auto loans as well as real estate and timeshares. Once the $650 (transferable lifetime) fee is paid, you can list your points/property for rent/sale as many times as you wish. They make their money off of the interest on the loans given to purchasers of the timeshares they sell (and the one-time fee, of course!). It is in their best interest to rent as well, as they are able to approach that huge experienced customer base for further sales. They claim to have many advertising venues, the most effective being showcase delivery in Orlando. ;)
Click to expand...
 
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