Timeshare Presentation

gowick · Aug 9, 2012

FLHX_HOG said: ↑

The "timeshare" at TTR is a bit different than others out there that I have experienced. I have been to the Hilton and Marriott presentations. I would like to make a few points based on our experience purchasing in May because having reviewed older contracts and talking with long-time members, I can say things are different now and you can get a lot of misleading information if you search here on older threads or the Internet.

Disclaimer, the terms of your contract may vary based on your negotiation skills. Do you wheel and deal? or when you buy a car, do you pay the price on the window?

First the TTR membership is night based, not weeks and you are not required to use a certain number of nights per year, but you must use your pool of nights total by the end of the contract, which can vary based on the package you purchase. For example, you buy 70 nights on a 10 year contract, you could go 10 nights one year, 5 the next and zero the year after that.

Second, your rate is locked in for the length of the contract. While rates on Expedia and other sites might be at/higher/lower than the rate of your contract, you know what you will pay, for every night, for each night you have in your contract. And in 5 years from now, rates will probably be higher.

Buying a membership at TTR is a lot like this. Let's equate it to gas and keep the math easy. You agree to buy 100 gallons of gas for 500 dollars over the next 5 years at $5/gal. You agree to pay 30% of that up front. But each time you go to the pump, you pay $3.50/gal. What is the risk? In those 5 years, the use of gas is no longer required and your $3.50/gal price now is much higher because you never used it all. Or gas goes down to $4/gal and now you are paying more. What is the potential gain? Price of gas two years from now is $7/gal and you are still paying the net of $5/gal. You are first in line at the pump, you get your own pump, a personal pumping assistant and better gas. (the member perks)

When we bought, I took the number of nights we purchased, multiplied it by our rate in our contract and added the upfront costs then divided by total investment to get the actual rate we pay every time we stay. I compared that to what we payed the previous two years we stayed with the per night rate. My conclusion was we wanted to purchase. Our risk? We never go back, a life changing event happens, etc...

The membership is not for everyone, every contract is similar but different and each person, if they have interest, should sit and listen to the offer. If you go down on say a referral week, you get to enjoy all the perks, spend two hours with the sales guy/gal and get to make up your own mind based on the facts you see in front of you and your situation. Have you ever heard someone say "I would never buy brand X again because of..." while the next person says "I love my brand X, it is the best thing I ever bought!"

That is my 2 cents.
Click to expand...

I will add that ours is tied to Mexican CPE. So our rate increases a little each year...

And yes the Mexican CPE had horrible inflation in the mid 90's which would have killed us.

Still like our deal. I know there are some risks.

David-n-Sue · Oct 30, 2013

Unethical practices - JUST SAY NO!

DON'T FALL FOR THE TIMESHARE PRESENTATION BAIT! We said "No" several times to receiving a "tour" December 2012, but the girl giving us our stuff after check in kept insisting there would be no pressure and we should really let them show us the resort's "features" even if we had no interest in buying anything, as it would make our stay better. She finally agreed to JUST give us a 20-minute tour, not one minute more, with no sales presentation, and we made an appointment. They wanted me to put up a cash deposit in case we didn't show up, and I said "no way." When we came for our appointment, on time, the "tour" was with a different person, and despite having reminded the girl when we arrived that we were promised a 20-minute tour, we finally gave up and told them how unhappy we were after the sweet girl wasted 50 minutes of our time with a mix of a tour and a very clear sales presentation. The "tour" part was done at that point, and they implied we couldn't leave until other stuff was done and tried really hard to pressure us to stay to listen to the indoor presentation. I told them I'd had enough and unless they were going to physically restrain us, we were leaving. This was after letting the Timeshare manager know what had happened, and rather than an apology we just got more pressure from him. I'm no pushover, and I still ended up letting them waste 50 minutes of my morning. JUST SAY NO, unless you have read ALL of the above comments and really wish to buy in or value a few perks and drinks more than your vacation time. Some VIP members feel it is really worth it, and I'm not saying it isn't worth it to them, but it sure isn't worth it to us. Your mileage may vary, but I don't wish to deal with people using unethical tactics such as failure to keep promises and the use of a high-pressure approach, and I found the sales staff at TTR to be no better than any other Timeshare salespeople I've been dumb enough to let talk me into a presentation. Never again!!

Log in or Sign up

Timeshare Presentation

gowick Addict Registered Member

David-n-Sue Enthusiast Registered Member