I stumbled upon this site like so many...AFTER I purchased a timeshare. I'm still confused but from what I can understand, it seems too good to be true. And we all know the saying...
I just purchased a time share at Pueblo Bonito Sunset for approximately $8000 when it's all said and done. This is for 8 weeks per year in a junior suite at any Pueblo Bonito Resort as well as a list of thousands of other hotels they have in a book they gave me. If I want to upgrade, I take from the $3000 of "bonus money" or whatever you want to call it that they "give" me each year. Say the upgraded room is $400, I can use $200 from that $3000 bonus money and upgrade to that room for $200(in this example). In addition to those 8 weeks, I have 50 points to use. This is where I'm confused even after I called and they explained it. What do I need more points for if I already have 8 weeks? The 8 weeks is with something called Pueblo Bonito preferred. The 50 points I'm told I can bank with RCI and every 2 years use it to book a Jr suite somewhere. When I use those 50 points there is a maintenance fee of $4.59 per point...so essentially $459 any time I book using those points. The lady explained that when I from my 8 week time that I have, the maintenance fees are "optional". Again, "optional" to me seems to good to be true. Who would pay them if they're "optional".
Can someone please help and clear this up for me and advise on whether or not this is a good purchase. I purchased yesterday at approximately 2pm so I just finished 1 complete day since purchase and am still within the rescind period and am trying to now decide if I should keep or rescind. I feel like I'm missing something here because this doesn't sound half bad from what I do understand.
Any help is greatly appreciated. Thanks
I just purchased a time share at Pueblo Bonito Sunset for approximately $8000 when it's all said and done. This is for 8 weeks per year in a junior suite at any Pueblo Bonito Resort as well as a list of thousands of other hotels they have in a book they gave me. If I want to upgrade, I take from the $3000 of "bonus money" or whatever you want to call it that they "give" me each year. Say the upgraded room is $400, I can use $200 from that $3000 bonus money and upgrade to that room for $200(in this example). In addition to those 8 weeks, I have 50 points to use. This is where I'm confused even after I called and they explained it. What do I need more points for if I already have 8 weeks? The 8 weeks is with something called Pueblo Bonito preferred. The 50 points I'm told I can bank with RCI and every 2 years use it to book a Jr suite somewhere. When I use those 50 points there is a maintenance fee of $4.59 per point...so essentially $459 any time I book using those points. The lady explained that when I from my 8 week time that I have, the maintenance fees are "optional". Again, "optional" to me seems to good to be true. Who would pay them if they're "optional".
Can someone please help and clear this up for me and advise on whether or not this is a good purchase. I purchased yesterday at approximately 2pm so I just finished 1 complete day since purchase and am still within the rescind period and am trying to now decide if I should keep or rescind. I feel like I'm missing something here because this doesn't sound half bad from what I do understand.
Any help is greatly appreciated. Thanks