Think long and hard before you commit to buying a timeshare
Timeshares were initially created for individuals who wanted to have their own holiday homes. These luxury vacation homes used to be exclusively for the rich until the timeshare industry flourished in the 1970s nearly a decade after it was first introduced by a ski resort developer in the French Alps.
When the concept of timeshare made its way to America it enabled middle-class Americans to experience luxury vacations at a price they could actually afford. Now, many people buy timeshare because they think they’re saving money on annual holiday costs and making an investment in a piece of property. However, this isn’t always the reality.
When you buy timeshare , it’s crucial to understand that timeshare are not an investment. An investment is an asset, whereas a timeshare is actually a financial obligation you are responsible for until the conclusion of your timeshare contract. Buying a timeshare is a lot like buying a car. Upon purchasing a car, the worth of the car depreciates as soon as you drive it off the forecourt. Similarly, a timeshare loses value the moment you finalize the paperwork and the ink dries.
If you’re considering purchasing a timeshare, ensure you grasp the full extent of what it means to be a timeshare owner. Renting timeshare weeks might be a more suitable option for you. Buying a timeshare isn’t just the initial cost of buying one as it also entails ongoing timeshare maintenance fees as well as periodic special assessments. Taking into consideration the ongoing expenses of timeshare ownership, consider buying your timeshare via the timeshare resale market because it is almost always more cost-effective than buying a timeshare directly from the resort developers.
If you buy a timeshare and determine that timeshare ownership is just not for you, then it may be time for you to cancel the timeshare. Under certain conditions, Mercantile Timeshare Claims can offer you an easy way out of your timeshare contract.
You may be interested in some other timeshare information. If so see here:
Check Using Our Claim Calculator to check if you qualify for a Timeshare Release
Our timeshare claim calculator is a quick and easy way to find out how much you could receive in compensation from your mis-sold timeshare.
Looking to relinquish your Westgate Resorts timeshare contract? Mercantile Claims can help you get the money you deserve for mis-sold timeshares
Looking to relinquish your Moness Resort timeshare contract? We can help you get the money you deserve for mis-sold timeshares
