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contract cancellation

I almost bought this timeshare, but canceled purchase and got full refund the next day. I don't think timeshare is necessary a bad investment, but any big purchase on the spot without serious research and reading the contact isn't a wise thing to do. I won't wonder into the argument of should or shouldn't buy, since everyone has a different vacation need and budget. My comment here is for those who regret buying into the timeshare and wishing to get out of the contract. First, the deposit if refundable. Don't be scared into their seemingly-legal statement that the contract will stick to you once you sign it. The statement itself is non-legal. Second, read carefully in the fine lines in the contract, it says clearly it is cancellable refundable. Third, if you are not sure, you can google PROFECO for its contact info. I got a reply from PROFECO as the following: PROCURADURIA FEDERAL Department of Conciliation DEL CONSUMIDOR Services for Foreign Residents Dear Sir, According to the following article, there is a term of 5 working days to cancel the contract without penalization. Article 56 of the Federal Consumer Protection Law states: "The contract will be perfected within five working days from the delivery of, or the signature of the contract, which ever occurs the latest. During this period, the consumer will have the right to revoke his consent without any responsibility. The revocation will have to be by means of warning or delivery of notice, in person, by registered mail, or another method of average reliability. The revocation according to this article, will terminate the contract. In this case, the costs of shipping and insurance will be the responsibility of the consumer. If the contract is for services, this article will not be applicable if the date of receipt of the service is less than ten working days from the date of the order of purchase." Besides, this right can not be waived according to the Art. 1 from the Federal Consumer Protection Law. You must send your cancellation request by mail to all the Mexican addresses in the contract, since It is every important that you keep the evidence in written of the cancellation notice within the allowed term, it means, return receipt requested. You may follow up with e-mails and/or faxes however they may not be considered as a method of average reliability and the normal time frame to get a response and / or refund from the company is around 20 days. We cannot intercede until this term pass; in the meantime, you may contact your credit card company and dispute the charges if you paid by credit card For additional information or help, do not hesitate to contact us again. Thank you. Sincerely, Daniela R. Celhay Department of Conciliation Services for Foreign Residents Hope this is helpful for some.