The most common complaint we receive from consumers are due to the timeshare misrepresentation which runs rampant at these meetings. If you are going to attend a timeshare sales presentation, it is a great idea to be prepared for this misrepresentation beforehand. People usually attend these meeting under the guise of giving up a small fraction of their time for a nice gift or prize. About the only thing not misrepresented is this final gift the consumer will receive (although sometimes even that is.)
The timeshare misrepresentation begins even before the meeting occurs. Often, the time of these presentations run much longer than advertised. A 90 minute advertised meeting can easily run multiple hours. The purpose is to exhaust consumers into blindly signing the misrepresented timeshare contract after the lengthy presentation.
2) Timeshare as an investment
One of the most obvious cases of timeshare misrepresentation is when salesmen try to convince consumers of the great investment opportunity. These claims are at the very least very overstated. Timeshares include fixed payments, high annual costs, and unreasonable hidden fees.
3) The Timeshare contract
The timeshare contract is also extremely misrepresented. So misrepresented, in fact, that many consumers blindly sign it after being worn down for so long at the timeshare meeting. Timeshare contracts are binding and inflexible, and ensure that you will not be able to break them easily. The contract also allows the timeshare company to take legal action against you if you cannot pay.
What kind of timeshare misrepresentation have you experienced when attending these sales presentations?