RCI timeshare good or evil?
My boyfriend and I just bought a timeshare in Las Vegas at Grand View Resort, through RCI they gave us 3 weeks during the year for vacations 1 at the resort and the other 2 wherever we want it to go… I have already look at the BBB and the company has good standing.
But I would like to know any good or bad experiences with RCI.
I would really appreciated.
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Tagged with: bbb • experiences • las vegas • RCI • Timeshare • Vacations • view resort
Filed under: Buying Timeshare
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If you bought Grandview you did not buy through RCI. RCI does not sell timeshares. They are an exchange company that you have to have a membership and pay a fee for each exchange and Grandview uses RCI for exchanges. If you are still in the rescinding period it might be wise to rescind and look to buy the same thing on the resale market. You will save so much more. If you can rescind follow the instructions they gave you. Certified letter with return receipt requested is usually required within the time frame. As for RCI, I use it all the time. It depends where you want to go and when and if your deposited week is strong enough to pull what you want. Planning well in advance is the key with RCI.
If you want to learn more about timeshares visit http://www.tug2.net and http://www.timeshareforums.com and read read read!!
RCI recently settled a class action lawsuit that contended that the company was renting weeks at premium timeshares too soon and not making them available for exchange.
While the exchange program sounds great in theory, it can be difficult in practice. You have to schedule your exchange way in advance and you may not end up getting what you want in exchange. The exchange fees need to be watched as well. The two most basic ones are the annual membership and the fee that occurs at the time of the exchange.
Plus, you now have timeshare maintenance fees and any other timeshare related fees that need to be paid in the future.
Go see what’s on some timeshare forums about RCI. Good luck with the timeshare, and make sure that you use it constantly. That’s the only way to make it remotely pay off for the amount that you’ve spent.