The Government of Canada this week released a warning to travelers who decide to purchase a timeshare in Mexico, explaining that all travelers should review all documents carefully.
The recently updated travel advisory for Mexico states: “It’s illegal for timeshare companies to require you to sign a waiver that prevents a contract from being canceled.”
For many Canadians, traveling to Mexico is a much-needed, annual pilgrimage to the beach. It is a chance to escape the long winter chill, rush-hour traffic, and reduced daylight hours. Buying a timeshare can be a good investment, if the all the right elements are in place, and if what is promised gets delivered.
However, the Government of Canada raised attention to the level of buyers’ remorse by issuing a warning to travelers. It reminds Canadians to do their homework and gather as much information as possible when considering buying a timeshare in Mexico.
It is not uncommon for timeshare sales presentations to include alcohol, free meals, and gifts. These are not the usual conditions present when making a significant purchase decision at home, and these factors may spur on a more spontaneous decision for some.
Once the decision to buy is made and a contract is in place, it can be difficult to untangle. Keep in mind that the government states, “You are legally entitled to cancel a contract within five days.”
For more details, go to https://travel.gc.ca/destinations/mexico.