The best timeshare companies in Mexico make a point of developing properties in the most popular vacation destinations in the country. Head to Los Cabos, Cancun, Puerto Vallarta, Riviera Nayarit or Riviera Maya and you will soon see why people are happy to purchase timeshares in these areas. With great beaches, incredible climate, cultural and geographical attractions, easy access and lots of restaurants and activities to choose from, Mexico is unbeatable when it comes to vacations. So why are you here looking for how to cancel a timeshare directly with your resort in Mexico?
Cold feet, buyer’s remorse and bad advice
It is very probable that you have been searching on Google: how to cancel a timeshare directly with your resort in Mexico, for one of three reasons:
- You are thinking about buying a timeshare in Mexico but want to be sure of your “get out plan” in case you buy with the wrong timeshare company.
- You have already bought a timeshare and are now having second thoughts because you have been reading too many articles published by cancellation companies about why timeshare is a scam.
- A competitor of your current timeshare company is trying to convince you that you can cancel your timeshare in order to purchase another timeshare with them.
In the latter two examples, the best advice is to beware! Both situations can lead you head long into a scam (as I will discuss in more detail later).
Questions related to timeshare cancellation
The topic of how to cancel a timeshare is more complex than might first appear, with a number of questions to consider:
- How do I cancel a timeshare in Mexico?
- What are my rights?
- Do I cancel a timeshare directly with the resort or do I need to use a timeshare cancellation company or timeshare lawyer?
- How long do I have to cancel a timeshare?
How do I cancel a timeshare in Mexico?
You should contact members services at your timeshare company for specific guidance on how to cancel a timeshare. Each company has a different procedure and may require that notification be sent in writing. Before cancelling, explain your reasons for doing so; the agent may well be able to help you make your membership work for you, and therefore avoid the inconvenience of cancelling.
What are my rights?
You are protected by the law in Mexico against scams. You are also entitled to a cooling off period (rescission period), which gives you time to consider your purchase and make any changes or cancellations.
Do I cancel a timeshare directly with the resort or do I need to use a timeshare cancellation company or timeshare lawyer?
Once you have visited the resort, sat through the presentation, and you have agreed that you want to purchase the timeshare you will sign the timeshare contract. The cooling off period begins from the day you sign your contract. If you decide to cancel during this time you should contact your resort directly. There is no need to use a timeshare cancellation company or timeshare lawyer. In fact, you are discouraged from using cancellation companies because of the high risk of being involved in a scam.
How long do I have to cancel a timeshare?
That all depends on the resort. You must check directly with your timeshare provider how long the cooling off period is for your membership. This information is likely to be included in your contract too.
What about after the cooling off period has ended?
The law in Mexico protects both the consumer and the timeshare company. Therefore, you can’t cancel your timeshare after the cooling off period has ended. Don’t be fooled by fraudulent companies that tell you it is still possible to cancel your timeshare when this period has passed. These companies “specialize” in cancelling timeshares after the expired cooling off period, but they are not really able to do so. They will give you a free consultation, but later you will be stuck with a large fee to pay, and when you check with your resort you will find that the membership has not been cancelled. Remember that a contract is legally binding.
Timeshare cancellation scams and why they still exist
Why do people continue to fall for timeshare cancellation fraud? The answer is easy. These fraudsters promise you the impossible. They tell you everything you want to hear. Once a big fee has been paid, you will be falsely informed that your timeshare has been cancelled. You might be none the wiser until you receive demands for missed payments from the timeshare company at a later date. Always keep in mind that the cooling off period is the only time that you can cancel your timeshare and if this time has passed, then you are unable to cancel the timeshare. Don’t believe the lies that the cancellation fraudsters promise you.