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Is a Timeshare Vacation for You?

timeshare vacation

May 3, 2019 – by Primo Management Group

timeshare vacation

A timeshare vacation might sound amazing, but is it for you?

Timeshare resorts paint a rosy picture of a timeshare vacation. But does reality live up to the hype? And is a timeshare vacation right for you and your family?

Consistency or Monotony?

One of the key value propositions of a timeshare vacation is having a consistent place to go every year. Your sales rep will talk about building lasting memories with your family over time. They’ll talk about reliability. And you can even pass your timeshare down to your heirs!

But while that’s a lovely story, the reality is somewhat different. First, there’s no guarantee your resort will suit your family over the long-term. Second, the same vacation over and over can get boring. And with the money you spend on travel to and from your timeshare plus annual maintenance fees and occasional special assessments, you may find yourself unable to travel anywhere else. So while you may build memories in one place, you miss out on a whole world of exploration.

If you thrive on consistency, a timeshare might work out for you. However, consider that you can also just go back to the same place every year without buying a timeshare. And if you love variety, you should definitely reconsider a timeshare purchase.

Good Value or Wasted Money?

Timeshare sales reps also tout the great value of timeshare ownership. Once you’re an owner, they tell you, you have free vacations for life. And access to other resorts if your timeshare has an exchange program. If that sounds too good to be true, that’s because it is.

The average cost of a timeshare was $22,180 in 2018. That’s a lot of money. And when you factor in finance charges and closing fees, that price tag gets even higher. Finally, as a timeshare owner, you’ll be obligated to pay annual maintenance fees for the length of your contract. So, if your contract is 20 years and your annual maintenance fees are $1000, you’re looking at a minimum of $42,180. And that’s not including finance charges, maintenance fee increases or special assessments. So, your timeshare vacation will cost a minimum of $2200 before travel expenses. We don’t know about you, but we don’t think that’s a compelling reason to pay over $20,000 up front.

But even if that does seem like a good value to you, consider what happens when you can’t make it for your timeshare week. Maybe your schedule changes or maybe your health prevents you from travel. Whatever the reason, you still have to pay your maintenance fees and make any remaining payments on the purchase price. So that means you’re paying a lot of money for nothing. And that sounds like a waste of money to us.

The Timeshare Vacation Bottom Line

The truth of the matter is that you don’t have to buy a timeshare to enjoy consistently awesome vacations or get great deals. You can vacation your way without the obligation or liability. If it’s too late and you’re already stuck in a timeshare that’s not working for you, give us a call to see how we can help you get out and get on with your life.

(Image by skeeze from Pixabay)

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Frequently Asked Questions ?

How does PMG get me out of my timeshare contract?

PMG is not a resale, transfer, or donation company. We are consumer advocates—we help to negotiate the release of your timeshare contract obligation. We do not buy, sell, or rent your timeshare. Simply put, we help you to get out of your timeshare contract forever.

How long does the process usually take?

Usually less than 12 months, but it all depends on your situation. If your timeshare is free and clear with no mortgage, then the process may only take 3-9 months.

Speak to your advisor about the time, and what delays the resorts have put into place to prevent timeshare owners from departing their ownership. If you have a mortgage or past due maintenance fee, the process takes more time.

How much is my timeshare worth?

This is probably going to hurt, but whether you paid $5,000 or $50,000 for your timeshare, the IRS values all timeshares as worthless investments. In addition, that timeshare would have negative value due to the annual maintenance fee bill which compounds year after year. That is until PMG helps you cancel your timeshare.

Can I use your service if I still have a balance owed on my mortgage?

Yes. Whether you bought your timeshare 20 days ago or 20 years ago, PMG has a solution for you and is here to help.

Will my name be off the timeshare?

Yes! Permanently! GUARANTEED!

In addition to getting me out of my timeshare, can you recover the money I’ve already spent on mortgage payments and maintenance fees?

While we are able to recover money in rare cases, beware of any timeshare cancellation company that entices you with the promise of fund recovery. The truth is, timeshares are loath to give back the money they’ve already taken.

Are your consumer advocates really “consumer advocates”, or is that just a fancy word for salesperson?

Because most of our clients have had their trust betrayed by timeshare salespeople, we understand how some consumers can become a bit jaded. When you call us for a consultation, that’s exactly what you get, a consultation. At PMG, our job is not to sell you; our job is to help you get out of your timeshare. Which is why we have numerous 5-star reviews and an “A” (excellent) rating from the BCA.

Why should I choose PMG to get me out of my timeshare?

We pride ourselves on providing our customers with the best customer service in the industry. When you contact our company, you speak to a live person, not an automated system or voicemail. We go above and beyond for our customers by helping you to protect your credit and even repair your credit if needed. We offer a 100% money back guarantee, and we can provide documented proof of our success in helping customers just like you.

What happens after I sign up with you? Will I be apprised of your progress?

At PMG, we pride ourselves on our hands-on, boutique-style customer service, so every new client is assigned a case manager whose job is to keep you in the loop throughout the entire cancellation process. Your case manager is always just a phone call away.

How much is your fee?

Not all timeshare experiences are created equal. Some are more complicated than others, and every situation is different. That’s why our trained timeshare elimination consultants will ask you a series of questions designed to determine exactly what needs to be done to terminate your timeshare, how long it will take, and how they can best advocate for you. We will always seek the most cost-effective route for you.

What if I still have more questions?

Canceling a timeshare contract is not a cookie cutter process. With each situation being unique, once you complete the form below an experienced consumer advocate will call you today to discuss your options.