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Want to Buy A Timeshare? Think Again!

buy a timeshare

February 22, 2019 – by Primo Management Group

buy a timeshare

Before you buy a timeshare, check out these reasons not to!

We understand why you might want to buy a timeshare. Maybe you want to live a vacation lifestyle. Or maybe you want to get great deals on travel. Maybe you’re looking for an investment. Or maybe you want to build memories with your family. We’re glad you stopped here before signing that contract. Here are the top reasons NOT to buy a timeshare.

Timeshares Are Not Investments

Although your sales rep might tell you differently, a timeshare isn’t an investment. In fact, it’s an obligation. Investments typically have an intrinsic value that increases over time. Timeshares? Not so much. Timeshares have no real value. As soon as you sign that contract, your value decreases much like buying a new car. And if you think you’ll get tax breaks or improve your credit score, think again. You can’t deduct timeshare payments and most companies don’t report on-time payments. However, they will deduct late payments, which can hurt your credit score. Finally, once you buy a timeshare, you’re obligated to pay maintenance fees, special assessments, and other fees. Doesn’t sound much like an investment to us.

You Pay For It Even If You Don’t Use It

Once you’ve paid off the average $22,180 price of a timeshare, you must still pay annual maintenance fees for the duration of your contract. Even if you can’t use it. Even if a natural disaster strikes and the resort is uninhabitable. And speaking of that, if disaster does strike, you may be looking at paying mandatory special assessment to cover repairs. Even if the resort is in good condition, you may have conflicts. Bad timing, health issues, and financial concerns can all get in the way of any vacation. If you don’t own a timeshare, all you have to do is not go on a vacation. Problem solved. However, if you do own, you’re still on the hook for those pesky fees.

You Can Stay At A Timeshare Resort WITHOUT Buying

Your sales rep probably won’t tell you that many timeshare units are also available as rental units. And as a renter, you don’t have to pay maintenance fees in perpetuity and you aren’t locked into the same week every year. Also, you may be able to stay in a timeshare for less than you would pay as an owner. And if you don’t have a good experience, you’re free to go someplace else next year. Or maybe you’re bored. No problem. Ditch the beach resort for Europe. You have all the flexibility in the world. If you’re looking for cheap vacations or the timeshare experience, you don’t have to buy a timeshare.

It’s Hard To Escape

The real dark side of timeshare ownership is that getting out is hard. If your timeshare isn’t working out for whatever reason, you can’t just get out. Your contract is very clear about that. Many people find themselves caught in the timeshare trap, unable to sell, unable to return it, and unable to keep paying fees. That’s where we come in. We help people get out of their timeshares, guaranteed. If you’re looking to get out of your timeshare, 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. 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.