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Advice on Time Share Membership

Keep distance. Understand ASF  

By: ashoktiwari | Oct 18, 2006 01:37 PM (Updated Dec 02, 2006 04:30 PM)

Read 1219 times
Rated by 12 members



Pros:
Mahindra's brand
Cons:
unethical and deceptive approach, poor response


I would like to warn the prospective members of Clubmahindra’s on following:
1. Poor Response and Loss on Cancellation They treat you like a bonded labour as soon as you hand over
the first cheque to them. They will avoid responding to your mail for days, will avoid clearing the issue and misguide you to the hilt. You cant cancel your membership evenafter 15 days of booking, without loosing your first deposit. They never inform you on this. Their executives will keep you engaged, till the time  for free cancellation is over. Then they will quote the rules which you were never told.
2. Annual Subscription Fee(ASF). They keep it under wrap. During the briefing they introduce it in first 60 seconds . They then take you around the globe promising you the moon. In the end they give a financial offer, offering some free holidays, a handycam and food vouchers etc along with the price of your choice of season and accomodation. ASF is not talked or referred to at this stage. One presumes that the financial offer includes all payables(including ASF). Here is the catch. A trumpcard of clubmahindra’s survival.
 Look at it numerically. Charges for RED season and STUDIO type accn for 25 yrs(7days a year) are Rs 2,02,900/-. The ASF in first year is Rs 6,647/-. Considering 6% to 10% annual increase in Wholesale+ consumer price Indices, the total amount payable in 25yrs against ASF is between3.5 to 6.5 lac. Therefore You pay 5.5 to 8.5 lac for your clubmahindra holidays and NOT Rs 2,02,900/- being told to you. Any doubts on that; you may mail me.
Donot even look at clubmahindra if you want peace of mind.



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Name: ashok tiwari


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