fbpx

3 Things That Make Timeshares Extremely Expensive

11/21/2022

timeshare exit expert

Free Consultation

"*" indicates required fields

Name*
By submitting my phone number and contact information, I consent to receive calls and text messages from Lonestar Transfer and have read and agree to the Terms and Conditions and Privacy Policy. You can opt out by replying STOP at any time.

From a distance, timeshares seem like an interesting idea. But when you actually buy into one, you start to see why timeshares have the reputation they do, and why the sales pitches are so aggressive. According to Timeshareguru, 53% of timeshare owners spent $10,000 or more on their timeshare. These are expensive in more ways than one. Let’s dive into a few.

Financial

Financially speaking, timeshares are expensive not only because of the initial purchase price but also because you have yearly fees for the rest of the contract. And those contracts are long-term; you’re not paying for just a few years. A one-week stay at a timeshare can cost, on average, $21,455. That’s not something you pay for a five-year deal. Instead, you’re stuck for decades in many cases, required to pay fees that can increase yearly. If you’re going to be on a fixed income eventually, that’s bad.

Social

When you buy a timeshare, you are buying a set vacation spot. You are agreeing to have this one spot for your vacation. If you have one week off work, you either go to the timeshare or lose money. So, if you don’t want to lose money, you can’t go see other places, you can’t visit family in other cities or states, and you can’t go to amusement parks that aren’t nearby. You lose out either way.

Emotional

Timeshare contracts are notoriously hard to get out of. You could sell your share, but finding a buyer is tricky as many people do not want timeshares. You could try working with a company that will find a buyer, but there’s no guarantee of them doing anything other than taking your money. Or, you could contact a timeshare exit expert who can help you get out of your contract. This is the easiest route much of the time as a timeshare exit expert works specifically to help you get out instead of making you wait for a mythical buyer. Contact a timeshare exit expert to see about getting released from that expensive contract.

More Timeshare News

Montana Timeshare Cancellation Process

Montana Timeshare Cancellation Process

Timeshare ownership may seem like a convenient way to secure vacations, but for many owners, the reality can be disappointing. Rising costs, limited availability, and restrictive contracts often lead Montana timeshare owners to search for a way out. If you’re looking...

Understanding State Laws That Affect Timeshare Owners  

Understanding State Laws That Affect Timeshare Owners  

Owning a timeshare involves navigating a maze of legal considerations, many of which are influenced by state laws. For timeshare owners, these laws can vary significantly depending on three key factors: the state where the timeshare is located, the state where the...

California Timeshare Cancellation Process

California Timeshare Cancellation Process

California is home to beautiful beaches, iconic landmarks, and countless vacation destinations that make it a top choice for timeshare purchases. However, not every timeshare experience lives up to the expectations. If you’re a California timeshare owner seeking to...

×
js_loader