RLF If You'll Buy Here - I Have a Bridge For You
Westgate Timeshare Resort Issues
Date of Incident: 2/26/2004
I “experienced” a Westgate presentation in Orlando last week. I will verify that the promised 90 minute presentation takes over 3 hours. I told the sales person up front that I never make business decisions without research. She didn’t believe me! When she mentioned the 17+ percent interest rate, I asked if she was serious. She said they could do better.
I asked what their sale ratio was. I don’t think she thought about her answer. She said around 30 % buy, 99%+ during the presentation. In other words, virtually no-one buys if they think about it or consult anyone. They know they have one shot!. You get nothing in writing. They know you will not be back. This is a very well oiled one shot sales presentation. The fact that they propose a 17%+ interest rate pretty much tells you the sophistication level of their prospective buyers. Anyone want to buy part of the Brooklyn Bridge from me?… no maintenance charge.
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