Timeshare Deal or No Deal?
3 min read
It’s easy to fall for travel deals promising peak experiences for bargain prices. But not all travel deals deliver on their promises. Here are some to watch out for.
Timeshare sales reps rely heavily on sales presentations. And to get consumers in the door, they often offer free gifts or even free vacations as incentives. But even when the incentives are tempting, it pays to think twice before attending a timeshare sales presentation. First, the presentation usually happens while you are on vacation. So you’re trading precious vacation time to sit through this presentation. And you’re putting yourself into a high-pressure sales situation. There are countless stories of people who ended up buying a timeshare they didn’t need or couldn’t afford on impulse. Don’t let that happen to you. The free gift just isn’t worth it. Skip the presentation and relax by the beach instead.
Vacation clubs are a type of vacation ownership that gives members access to various networks of hotels, resorts and more. Typically, members pay an initial fee to buy in and then pay ongoing fees for the right to make reservations at any of the locations within the network. Unfortunately, membership doesn’t guarantee that you’ll be able to find a good deal or that the deals you find are any cheaper than what you could find if you weren’t a member. In addition, many members find the reservation process to be confusing and full of hidden fees. When all is said and done, vacation club membership often doesn’t pay off. Luckily, you can find countless vacation deals out there without joining any clubs or paying extra fees.
All-Inclusive vacations are just what they sound like: vacations where everything except airfare is covered by one fee. So your hotel or suite is paid for, and so are drinks and food within the resort. Some all-inclusive vacations also include extras like equipment rental, golf course access, or other activities. It really does sound like a good deal, and it can be for some travelers. However, these vacations only cover what happens in the resort. So you’ll be paying extra for site seeing. And if you’re not happy with the restaurants onsite, you’ll have to pay extra to go out. Plus, if you’re a light eater and you don’t drink, you’ll be paying more than you would if you paid a la carte. And although some vacations do include those extras we mentioned above, many do not. Those exclusions are typically in the fine print, so make sure those spa treatments you’re looking forward to won’t cost you out of pocket.
Many people who buy timeshares think they’re getting great travel deals. But in reality, many timeshares don’t pay off for years, if they do at all. A timeshare is a form of vacation ownership where the owner has the right to use a property for a set interval every year. Some timeshares give you the rights to a specific unit while others give you points that you can redeem for your vacation. However, in addition to the high purchase price, you’ll also be contractually obligated to pay annual maintenance fees. And you may end up paying special assessments or other hidden fees over time. Consumer Reports estimates that it takes 13 years for a timeshare to turn into a good deal. And that’s assuming you’re able to get value from your timeshare. Many owners find themselves unable to use their timeshares, so they are effectively paying for nothing. And the long-term binding contracts make it hard to get out.
If you fell for one of the many timeshare “travel deals” out there, we can help you escape. We help timeshare owners get out of their unwanted timeshares. And our clients usually find that timeshare deals are the kind of deals they can do without. Contact us today to see how we can help you get out.
How to choose the right company to get me out of my timeshare
We know how stressful timeshare contracts can be. What once sounded like a dream resort package turned into a nightmare. When you don't know where to turn, look to PMG to relieve you of your timeshare burden. We pride ourselves on open, honest, and frequent communication with our clients.
Their high-pressure tactics
Our knowledge and experience gets you OUT. We offer a high-touch, boutique level of service, keeping you informed with frequent updates throughout the process—which is why we have numerous 5-star reviews and are rated "A" (Excellent) by the Business Consumer Alliance (BCA).Learn More
Still not sure what's the next step? Our dedicated team can review your agreement and guide you through the process. The Primo difference is all about service. Our timeshare elimination consultants have one mission: To serve our clients and bring the peace of mind that comes from relieving their timeshare obligation.Get Started
The timeshare industry has spent a tremendous amount of time and money to delay, confuse and deter you from canceling your timeshare contract. Your team of timeshare elimination experts act as your consumer advocate and will work tirelessly to free you from your timeshare contract, mortgage, and maintenance fee bill.Give it a try