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Timeshare Benefits: Fact or Fiction?

Timeshare Benefits

April 3, 2019 – by Primo Management Group

Timeshare Benefits

Sales reps play up timeshare benefits. Is it just hype?

The timeshare industry does a great job of publicizing timeshare benefits. In fact, those timeshare benefits are exactly why so many of you end up buying timeshares! Unfortunately, the truth behind the promises of great deals and stress-free vacations isn’t always so rosy. Let’s look at some of the top timeshare benefits and find out the truth behind the hype.

No Worries About Rising Rental Costs

It is true that your rental costs will not increase from year to year. As with other real estate purchases, your payments will be stable. And once you’ve bought and paid for your timeshare, you own it. But, you will be subject to rising maintenance fees for the length of your contract. And those fees will definitely go up over time, just like the cost of renting would. What’s more, with rental costs, you control when you pay. If money is tight this year, you can choose a more budget-friendly location or choose not to go at all. But with maintenance fees, you’re contractually obligated to pay every year, by the due date, whether you use your timeshare that year or not. So, yes, you’re safe from rising rental costs. But that rising cost will be replaced by a new one over which you have no control. Find out more about the true cost of timeshare ownership here.

Luxury Amenities

Sales reps and timeshare websites are quick to show off the many luxury amenities at their resorts. Many units are fully equipped with granite countertops, flat screen televisions, and relaxing hot tubs. And the resorts themselves give you access to golf courses, water parks, fitness centers, and more. What they don’t tell you is that you can stay in these same units at the same resorts without buying. You can easily rent a timeshare. Rent a room, suite or villa from the resort or even from a timeshare owner. Sometimes for less than the cost of annual maintenance fees. And if you like, you can go back next year. And if you don’t like it, go someplace else. There’s really no need to buy a timeshare to experience luxury.

Exotic Locations

It’s true that timeshares are located in premium locations all over the world. Maui? Las Vegas? Orlando? Yes, please! But while that first, second or even third trip might be amazing, the twentieth might be a different story. Even if you don’t get bored, many people find that between maintenance fees and travel expenses to their timeshare, they don’t have the time or the money to go anywhere else. Some timeshares offer exchange programs so you can trade your interval or location for something else in their network. However, there’s no guarantee that you’ll find something else you like. And you may end up having to pay more if the new interval or location is pricier than yours.

You Can Pass Your Timeshare On To Your Heirs

Once, again, this is technically true. You can leave your timeshare to your heirs. Unfortunately, many owners find that their children don’t want their timeshare. Maybe the resort doesn’t suit their lifestyle or maybe they just don’t have the money for the always-rising maintenance fees. After all, a timeshare is a financial obligation. And this generation is projected to be worse off financially than their parents. If your heirs don’t want your timeshare, they can refuse to take it. Unless you or the resort put their name on the deed. So, if you do buy a timeshare that you plan to pass along, keep their names off the deed so they can make that decision themselves when the time comes.

So, Are Timeshare Benefits Fact or Fiction?

Although at first glance, timeshare benefits seem to make ownership worthwhile, a deeper look reveals the truth. In the end, we don’t think the benefits outweigh the risks. In fact, every day we help people get out of their unwanted timeshares. If you need help getting out, contact us for a free consultation today.

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Relieve Yourself of the Unwanted Timeshare Burden

Your information is 100% secure and encrypted. We will never sell or share your information with anyone.

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. Let us help you. 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, the resorts are loath to give back the money they’ve already taken for timeshares.

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 go above and beyond for our customers by helping to protect you, and have the best success rate in the industry, rated 5-stars by clients. 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 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 will work with our expert, experienced team whose job is to keep you in the loop throughout the entire cancellation process. We are 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.