Will RCI Buy Back My Timeshare?

will RCI buy back timeshares
I get a lot of emails about timeshares, with most of the questions being about how to get out of a timeshare that the person no longer wants. If I can pass along one piece of advice for those who might be interested in purchasing one, it’s to follow the advice of Dave Ramsey and stay away from them. Of course, that doesn’t help those that have already purchased one, and now they are looking for a way to sell it. I recently received an email from a person about the RCI timeshare exchange wanting to buy back their timeshare. This is a classic scam that can end up costing owners wanting to get out of their unit thousands of dollars if they aren’t careful. Below is the email an...

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6 Responses to Will RCI Buy Back My Timeshare?

  1. ben says:

    I don’t understand how anyone can get hooked into buying one of these. They all seem so scammy to me and I don’t think I would survive any of the hard sell tactics that they use. I think it goes to show something when only way that they can get people even consider coming to a timeshare presentation is to bribe them with free stuff. That point alone shows me that they can’t sell themselves on their own merits.

  2. Steve says:

    Most of what you said is right on, but you should be more specific about the up-front fee part.

    There are legitimate online advertising companies that take ad fees to promote timeshares for sale, like the way a newspaper works, and a simple Google search will show the legit ones which rank right away on page 1.

    If you don’t promote your timeshare, then how else can you sell it and who is going to find it? It’s all well to say what not to do, but the other side of the story is that advertising can work if done right.

  3. I think the main difference here is that you are going to them, they aren’t coming to you and making you promises that they already have a buyer for your timeshare. Also, they aren’t charging thousands in upfront fees. Yes, there are sites where you can list a timeshare that are legit (TUG — timeshare user group — being a good example), but there are a lot that it’s also worthless to list with them, so do your research here as well.

  4. Lisa says:

    If anyone receives a call from anyone claiming to be RCI (or any other exchange company for that matter and talking about selling their timeshare week, they should get as much information as possible and then report the call and information to the National Timeshare Owners Association Hotline at 844-ASK-NTOA.

    There is a company that claims to buy owners RCI Bonus Weeks for $1,100. Of course, this is NOT legit.

  5. Courtney says:

    Timeshare fraud has been around since the timeshare idea was created, but they increase during poor economy. When times are difficult, timeshare owners are stuck with properties they canĀ“t travel to or even afford. Desperate to recoup some money to pay for bills, they can easily become victims to scams artists pretending to be their timeshare salvation who will take upfront fees -as much as five number figures in some cases- but fail to fulfill their promise.

  6. Tiffany Cox says:

    Vacationers are offered free breakfasts, activities such as horseback riding or scuba diving, or even week-long vacations just to attend a short 90-minute timeshare presentation. They are told that there is no obligation to buy a timeshare, just to listen and learn about the great deals or investments being offered. In return, they will enjoy some free gifts to compensate them for their time and thank them for their interest. While some of these presentations are legitimate, most are timeshare scams that use high-pressure sales tactics to lure clients into purchasing high-priced, low-value timeshares.

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