Timeshare Purchase: The Three Questions Every Potential Timeshare Buyer Must Ask Themselves

Timeshare Purchase: The Three Questions Every Potential Timeshare Buyer Must Ask Themselves

So how exactly does a timeshare purchase fit in with your dream vacation?

Well, think about a cool ocean sea breeze....the sandy white beaches....the cold exotic drink in your hand...those are the things that may come to your mind when you think about your ultimate vacation. And a timeshare purchase may be able to help make it a reality for you.

However, what stops most people dead in their tracks is the thought of how much a nice family vacation like that will cost. Another thing that keeps families from experiencing their ultimate vacation is the fact that it can take years to pay off a vacation like that.

Have any of those thoughts ever stopped you from taking that dream vacation? If you're like most people, then it probably has.

It's no secret that hotel costs eat up a big chunk of your vacation dollars. What's even worse is what you get in return...a usually small cramped room where you're tripping over your family members because there's just no room to spread out.

This is where a timeshare purchase may come in handy...or if you're in the "know" a good vacation travel club comes in.

Here's the question...would you rather stay at a hotel for a week or stay at a luxurious resort for a week? The answer's clearly obvious wouldn't you say? And if you're looking at a timeshare purchase then clearly you want to experience a luxury resort vacation.

Here is the big caution you need to know about... Timeshares are nice and they definitely fill a need in the travel industry; however, they are good for some people and not a great option for most people.

Don't waste your hard-earned dollars on something that cannot save you as much money as you're putting into it. And most importantly, don't commit yourself or bury your family in big debt just to go on vacation...especially if you don't have to.

Before you do that timeshare purchase here are three important questions you need to answer:

What Are You Getting For Your Money?

You need to know what kind of property or properties you have access to at the basic timeshare membership and at what times of the year. This is critical point that a lot of new buyers fail to understand.

You see, in all likelihood the basic timeshare price, the one that the timeshare salesperson quotes you first, doesn't get you much in the way of nice vacations at optimum times of the year.

This is why they "convince" you that if you want nicer vacations you have to get a bigger "package" or buy more points, which can end up costing you thousands of dollars more.

Are You Actually Saving Money?

What a lot of new timeshare owners realize much later after they signed on the dotted line is that they cannot ever make the timeshare pay for itself...in other words, you can never take enough vacations to make the price you paid for the timeshare worth it.

Make sure you do your math before entering into the presentation. When confronted with the price of the timeshare, make sure you add in all the maintenance fees and the extra points you'll likely end up buying.

Now after you get the real cost of the timeshare, ask yourself does this make financial sense or financial suicide for your family to get this timeshare purchase?

Would a Non-Equity Travel Club Be a Better Fit For Your Family?

A sly underhanded tactic some timeshare companies like to pull is telling its prospective timeshare owners that the timeshare purchase is an investment. A timeshare is not an investment unless you're the timeshare developer building timeshare properties.

A timeshare, like a regular travel club, is designed to save you money when you vacation, not make you money. What you may not know is that a non-equity travel club can get you access to some of the same timeshare properties for a tiny fraction of what you would spend on a timeshare purchase.

You'll have no maintenance fees so you don't have to worry about the timeshare company raising the fees on you which is unfortunately something that happens to a lot of unsuspecting timeshare owners.

You probably already know this, but the way a lot of smart travelers afford multiple yearly vacations at exotic places all over the world is through the use of a non-equity travel club.

Before you commit to a timeshare purchase you must do your homework first. Ask yourself those important three questions and answer them honestly. If you're stuck on getting a timeshare consider the resell market.

If you love to travel and like a lot of flexibility without the commitment and large down payment of a timeshare, you'll want to look at a non-equity travel club. Confronted with a timeshare purchase? Now you know how to make a much smarter decision.

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