My husband and I purchased a time share from HICV this past Sunday, Sept 2 at their Gatlinburg, TN resort. We're in our early 30s and wanting to know if the time share we purchased is worth keeping or rescinding. One of the main reasons we were "sold" in getting a timeshare is bc we both enjoy traveling and have been wanting to travel overseas but it is never within our budget. The last minute deals and booking early on without using any points plus access to RCI seemed like a great opportunity for us to travel outside of the U.S. We also have a 6 month old baby and would like to be able to take a yearly family vacation especially as she gets older. I would really appreciate ya'll feedback and honesty especially since we our within our rescind window so we need to make a decision quick. I listed our contract agreement below.
1. Purchase Price: $11,400 for 50,000 points - They also threw in 50,000 extra points that will be available after 6 months of owning the time share. Then we will have another 50,000 points starting Jan 2019 which will put us at 150,000 points March 2019.
2. Down Payment: $1296
3. Maintenance Fees: $390 + $136 yearly membership fee
4. Monthly Payment: $194.92 @ 10 year term w/ 15% interest
1. Purchase Price: $11,400 for 50,000 points - They also threw in 50,000 extra points that will be available after 6 months of owning the time share. Then we will have another 50,000 points starting Jan 2019 which will put us at 150,000 points March 2019.
2. Down Payment: $1296
3. Maintenance Fees: $390 + $136 yearly membership fee
4. Monthly Payment: $194.92 @ 10 year term w/ 15% interest