30 Dec, 2019 → by ClaimboUser804666
Hard sell at owner meetings. Do not attend unless you have money to burn.
4
First they said they would rent my old timeshare and showed me some figures. Ok can you put that in the contract. No they say. The rental is not not done by Spinnaker but through a 3rd party. Third party is lingo which means you will get reamed. They wanted 26 grand for a condo week at Carolina Club. Carolina Club is lingo for a place no one wants. Then they showed me some figures which showed after down payment and deductions the remaining payment is 15,500 dollars and they would finance at 16 % interest. 16 % interest is lingo that you will double the amount owed. I refused the loan and they said I get financing myself and the payments would be around 130 dollars a month. 130 dollars a month is lingo that your payments will be triple this. I put in for a prequalified loan and the payments run about 350 a month.