Capital Vacations timeshare is a great way to vacation with friends and family, but there might be better options than this one. You should get out of your Capital Vacations timeshare for a few reasons. For example, you might not use your timeshare as often as you thought or have realised it isn’t as affordable as you thought. If that’s the case, you might wonder how to get out of your timeshare with Capital Resorts/Capital Vacations; these might be your options.
- Look for the Capital Vacations timeshare cancellation policy to check whether you qualify.
- Attempt to sell your Capital Vacations timeshare.
- Transfer your timeshare from Capital Vacations to another business.
- Contact Capital Vacations directly and ask them to buy back your timeshare.
- Hire a professional timeshare exit organisation to help you exit your timeshare.
Luckily, getting out of your timeshare is easier than you might think. You can do it yourself using a variety of methods. Read on to learn more about how you can get out of your timeshare with Capital Resorts/Capital Vacations and take control of your vacations.
Read 15 Steps on How to Cancel a Timeshare Contract.
Ways to Get Out of Your Timeshare with Capital Vacations
Rescission Period
If you no longer want your timeshare, there are a few different things you can do to get rid of it:
- The rescission period is when you can legally get out of your timeshare contract without facing any penalties.
- During the rescission period, you have a few options that will allow you to get your money back and get out of your timeshare agreement without any penalty.
- However, there are some stipulations that you should be aware of before you pursue one of these options.
- It’s important to remember that you cannot rescind the timeshare contract if it’s been over a year since you signed the agreement or if the timeshare unit has already been assigned to someone else.
- Also, you won’t be able to get a refund if you decide to sell your timeshare during the rescission period. So it’s important that you understand the terms of the rescission period before you decide to end your agreement with Capital Vacations.
- Your timeshare contract will have a rescission clause that allows you as a consumer to void the contract within a certain period, usually between 3-10 days, without paying a penalty for breaking the agreement.
- This period is known as the rescission period. So, if you decide not to keep your timeshare after the rescission period, you are still responsible for the costs incurred.
- These expenses include payments to the resort or management company, maintenance, and advertising fees.
- Although it is rare for resorts to pursue legal action during this time, you should still be careful when cancelling the agreement to avoid potential problems in the future.
- Make sure that you cancel your timeshare in writing to avoid any misunderstandings. You should also make a copy of the letter for your records in case there is a disagreement about the cancellation.
Renting or Selling Your Timeshare
- Rent your timeshare to other people! If you don’t want to sell your timeshare or don’t think you will be able to sell it for a good price, you might want to rent it instead.
- To rent out your timeshare, you only need to advertise it on websites like Craigslist or other online platforms. However, remember that you will be responsible for any fees associated with the rental, so make sure to factor those costs into your calculations when working out the pricing for your timeshare.
- In addition, you will only be able to get the most from your timeshare by renting it out for short periods. You can’t expect to make much profit by renting out a long-term week or two at a high-end resort.
- Selling your timeshare can be a great way to eliminate unwanted timeshares and get extra money.
- Unfortunately, selling a timeshare can be quite complicated and typically requires the help of a professional broker. If you have a high-quality, in-demand timeshare, you can get a very good price when you sell it.
- However, most timeshares don’t command a high price on the market unless they are in a popular vacation destination or are otherwise unique.
- Selling a timeshare is also a good way to avoid paying maintenance fees and property taxes. If you are considering selling your timeshare, a good place to start looking for potential buyers would be on websites like eBay or Craigslist.
You can try selling your timeshare directly to Capital Vacations. If you choose to do this, you can save money. But a timeshare developer is not often likely to make your exit process easy.
Read How to Rent Your Timeshare Step-by-Step.
Hire a Timeshare Exit Company
- There are a lot of companies out there that specialize in helping people get out of their timeshares. These companies can help you cancel your contract and even assist you with filing a lawsuit if necessary.
- When choosing a company to work with, it is important to do your research. You want to find a company you can trust that will provide you with excellent service for a reasonable fee.
- A reputable company won’t charge you an upfront fee for their services without getting to know you or your situation first.
We recommend companies that try to learn who you are, your current situation, and what you need. Only some companies are equal; some may have superior resources, while others have a reputation for providing outstanding service to their clients.
- Look for companies with a clear pricing structure and excellent customer service and support. Also, ensure the company you work with is licensed and accredited to do business in the state where you purchased your timeshare.
- You don’t want to deal with a company not licensed to operate in your state! Another perk of working with a reputable company is that they will be able to help you avoid any scams that you may encounter along the way.
- You don’t want to fall victim to a scam — it could cause serious financial harm!
- The #1 leading cause of a timeshare exit scam is when owners are duped into paying thousands of dollars up-front. These “con artists” exploit unsuspecting owners by promising to help them escape their timeshare agreement.
- However, they never follow their promises and lose the owners’ money! Exiting a timeshare is risky, especially if you don’t know what you’re doing.
- This is why we only recommend companies that offer escrow. So you stayed protected from scammers who try to trick money from you!
- Another important consideration when hiring an exit company is experience. You want to ensure the company has experience working with people like you.
- Experience is important for many companies in the timeshare industry because each scenario is different and requires a different solution. You don’t want to work with someone who hasn’t dealt with a situation like yours!
Capital Vacations Class Action Lawsuit
A couple of class action settlements involve complaints filed against Capital Resorts. This means that more than one group has sued Capital Resorts over the past few years. Although only some of the cases have been finalized, they paint a picture of what the complaints against this company may be. Let’s look at a few of the most recent class-action lawsuits.
- Bowen v. Capital Vacations, LLC (Case No. 3:19-cv-00382) – District Court, M.D. Florida
- Kenneth K. Altom, Jr., et al. v. Capital Resorts Group, LLC et al.– No. E2019-00739-COA-R3-CV – Appeal from the Chancery Court for Knox County No. 196568-1
- Brenda Gibbs v. Capital Resorts Group, LLC, et al. – E2019-00295-COA-R3-CV – Appeal from the Chancery Court for Sevier County No. 18-10-262)
If you’re qualified to receive compensation from these lawsuits, it could be a great way of getting out of a timeshare without paying a huge fee upfront. Unfortunately, not everyone is eligible for these lawsuits. And if you are eligible, there’s not much you can do on your end except wait and see if the company decides to pay you.
Final Thoughts
If you are considering hiring a company to help you exit your timeshare, do your research first! Make sure you look at their customer reviews and website testimonials to get an idea of the kind of service they provide to their customers. You should also take the time to read through their terms of service so that you know exactly what you’re signing up for before you commit to hiring them.
If you decide to contact a company to help you with your timeshare situation, ensure you know what you’re getting into beforehand. It’s usually not a good idea to pay fees upfront to start the process. The best way to avoid a timeshare exit scam is by teaming up with a company that offers escrow. That way, you stay protected!
If you still have mortgage payments due soon or can’t get away from your maintenance fees, please contact us via Live Chat. Or you can call us at (949)-514-6633 to speak with one of our representatives. Make sure to fill out our contact form on the right side of the page to get started!
