• September
    12
    2019
  • 3 min read

Do You Really Save Money With Annual Deals?

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The world of finance can feel very intimidating. You can’t even select a savings account without the need of a financial adviser anymore because of all the questions and options that come your way. Timeshares are a great example of this because they give you the option of not having to worry about finding a place every year to stay in at your favorite vacation destination. Let’s say there’s a timeshare in Boca Raton, Florida and it’s available at a fair price for you to sign up so that you can enjoy your favorite vacation destination without having to worry about the increased price of hotels and travel accommodations.

Boca Raton is perfect for you because it’s 30 minutes away from the main airport, 10 minutes from the beach, within an hour of other attractions and destinations you enjoy and very close to a lot of restaurants you like to eat at. The problem with getting a hotel is that every year the costs will go up and the availability will be harder to find, especially if you like going on holiday weekends. That’s where the appeal of the timeshare comes into play, as it gives you an opportunity to enjoy your vacation and not have to worry about anything. So, what’s wrong with that?

One of the main problems with signing annual deals is that you are under the control of the property you are renting from. Let’s remember that timeshares do not give you actual ownership into the property, they only provide you ownership of the time you want to use that property. Another problem is the costs that come with this type of usage. Maintenance fees, property taxes, insurance costs and the increase cost for the people who worked on the units are all going to have to be covered by you. There’s no way around it because you have committed to an annual agreement.

On the other hand, if you were to select a hotel every year that has a rewards program and you were to book that hotel room 5 to 8 months in advance, you would not only get preferential treatment, rewards points, somebody to clean the room for you, free food and more, but you also have the ability to cancel your reservation if you decide to go elsewhere or if something comes up. Doesn’t that sound like a better deal than having to commit to years of increased costs?

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