Is a Timeshare Really an Attractive Purchase?
by Kelly Passarelly
If you ask a timeshare investor what attracted them to make the decision to invest in timesharing, you are likely to receive a number of answers. Almost all of those answers though will be broadly expressing one or all of the three following incentives:
The Attraction of Saving Money
People believe that through investing in timeshares they stand to save money on renting accommodation. The reality is not so simple, or often so financially lucrative. Timeshares involve costs which are rarely if ever included in initial sales pitches, such as fees.
Fees are often where people experience the biggest shocks when it comes to timesharing. Even those who think they have budgeted sensibly before signing on that dotted line can suddenly find themselves responsible for a number of one-off and annual fees that they are not prepared for. Further, those fees then often eat into the money we save every year which allows and permits us to make use of a timeshare investment. Hence, we feel trapped and that annual holiday we work so hard to enjoy can suddenly become the very reason we need a holiday…and yet cannot go on one.
To learn more about the most common fees incurred by timeshare owners, the Telegraph Newspaper website features an article titled Timeshare Fees: Trapped in a Holiday That Lasts For Life, which explains all through an investigation carried out by The Telegraph Newspaper. Despite having been published in 2011, the reality is much unchanged, further exposing the very real battle many timeshare owners still face in 2015.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk