Timeshare?

[River Runner]

Anyone own one? Any advice on buying one? My wife and I have been thinking about buying a multi destination one? If anyone has a suggestion of what to buy from personal experience or how to go about purchasing one, and who might be the best sales people to speak with?

Thanks for any advice anyone has.

 

[TPC]

The butt Naked truth IMHO they never seem like a good deal when ya add it all up.
Great concept if they were cheap.

Don't mean to pee on your interest, just my dip shit 2 cents worth. We looked long and hard and just couldn't see it.
Their biggest hook is anyone can buy in. I mean they will sell to absofuckinlutely anyone.

Big business are the liquidation companies that buy them back for 20 cents (or less) on the dollar.

 

[coz]

I never understood why someone would make a monthly payment on a place they can only use for 1 week out of a year :thumbsdown put you money into something you can profit from :thumbsup

 

[Duffster]

My advice is to buy one second hand from a broker or eBay. New timeshares for 15-20k are a complete ripoff.

 

[Mrdeadair]

My advice is to buy one second hand from a broker or eBay. New timeshares for 15-20k are a complete ripoff.

X2
I bought mine for a third of what it was new 10 years earlier new.

 

[RiverDave]

I couldn't ever understand buying a timreshare to begin with, so I'm the wrong guy to ask.

RD

 

[RitcheyRch]

My thoughts exactly. I know a few people that bought into the time sahre dealio and then sold a few years later.

I never understood why someone would make a monthly payment on a place they can only use for 1 week out of a year :thumbsdown put you money into something you can profit from :thumbsup

 

[2Driver]

My Aunt and Uncle paid $11K for a floating week at LBR. She sold it for $1,000 and it was the highest level for exchange (use it to trade a week for an other location). It took over 2 years to sell. Who ever bought it can use it to go pretty much anywhere by trading in the week.

You can pick up a timeshare with low maint fees and red level exchange for 20 cents on the dollar. At the end of the day you are still paying about $300+ a year for maint and an exchange fee if you plan on using your week somewhere else. Not for me.

 

[Tom Brown]

I want to point out there is no such thing as "new" and "used" in the time share situation. It's not like the product is any different if you purchase from a timeshare owner, instead of the timeshare sales company. The only difference is the price.

With a time share condo, all your buying is the ability request usage of a unit for a a given time. You have no actual ownership of anything physical. You hold all responsibility, though. If a hurricane blows the roof off and insurance refuses to pay for it, guess who is ultimately responsible?

 

[OnlyMoney]

My parents have had 1 week in Princeville on Kauai and 1 week here in Vegas at the Jockey Club for over 20 years. They usually trade their week at Jockey Club for other places and stay at the Kauai place just about every year.

We went on our Summer vacations for a week at some of the craziest accommodations (read: awesome and large) and off the wall locations when I was growing up. We did a week at Bear Lake in UT and have some of my favorite family pics from there. We also did a week in Arnold, CA when I was in 3rd grade and learning all about the Gold Rush of CA. My first trip to Maui was a timeshare. We also did 2 different houseboat trips on Havasu back in the 90's when they did them on the CA side. All the accomodations (besides the houseboat) were at least 2 bedrooms and I would guess an average of 1800 sq. ft.

What I'm saying is, for some people it is priceless. It's almost like staying in someone's condo or house every time you go on vacation. No you don't get the restaurants on-site and there's no bellman, but that just makes you go out and explore your surroundings.

We also have a timeshare in Sedona that we have only used once since we inherited them 5 years ago. Kinda nice to be able to call up and use it as long as they have room.

Good luck in your hunt. Buy low and enjoy the heck out of it.

 

[BigDeck]

Forget about the purchase price.

• 
  The yearly mantainence fee (that they jack up every year)
  The cleaning fee
  The reservation fee
  The exchange fee
  The membership fee(RCI or Interval Internation)

I am sure there are few I forgot to toss in. I will remember when my bill comes in.............

This becomes a week you could have bought for less on the open market.

 

[Captain Dan]

I bought a floating week at London Bridge on ebay for $1,000 several years ago.

I use the week every year, I do not trade, so there are no exchange fee or membership fees to EI or RCI. I pay over $350 a year for maintenance fees, but I also stay there for 7 nights. You cannot get 7 nights at LBR for that price. Dock space is well under half price for owners too. In addition to my week I go there about twice a year and pay $75/night in bonus time, if the rooms are available, or I can rent an additional room at the same time as my week, if bonus srooms are available.


If you buy it cheap, and you use your home resort, it does pay to be an owner.

 

[BigDeck]

Amost forgot.......The "assesment" when they need a need roof or a remodel.......Got that one two years ago for about 700.

 

[Duffster]

We have a yearly timeshare at London Bridge that I paid $1500 for three years ago from someone dumping it on eBay. The dues are $400 and we get one full week and $20 per day boat slips anytime we want vs $200 a night and $100 per night slips walk in. I can also get bonus time for $70 per night calling in advance. Plus I can trade my week at that shit hole for somthing in Hawaii or Mexico anytime.

So it's really not to bad for what I have in to it. When they were new the cost was 10-15k fuck that.

 

[paradise]

For some things and people it makes sense. We have a 1/4 "timeshare" on our houseboat out at Powell. We only get out there twice a year (Sometimes only once), and doing it this way (as opposed to renting a houseboat each time) has payed for itself a few times over...
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M275 engine

 

[OnlyMoney]

For some things and people it makes sense. We have a 1/4 "timeshare" on our houseboat out at Powell. We only get out there twice a year (Sometimes only once), and doing it this way (as opposed to renting a houseboat each time) has payed for itself a few times over...

We did the same thing for YEARS and it was the best vacation we did yearly...family and all. Just sold it.

 

[paradise]

We did the same thing for YEARS and it was the best vacation we did yearly...family and all. Just sold it.

I know right? We have been going since '92 and have only missed 1 year. Been doing the houseboat thing since '95 or '96 and never looked back...
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