Timeshare loans

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Original Message:

Re: Timeshare loans (by Marie M.):

samic wrote:
Depending on how much it costs, consider paying by taking cash out on a low interest rate credit card (say one with a 0% introductory credit rate; probably higher for cash withdrawals, but still better than 14% bank loans).
Why don't you ask the seller to take back a mortgage on the timeshare. Make monthly payments to them with a reasonable interest rate. If they are not willing to do this, then tell them you will not buy it. Their price may be way above what you could get it for from many resale sources. Are you sure that you know the true value of the timeshare? It's way below what they paid if they bought it directly from the developer.

If you care to discuss the details of the property (resort name, unit size, week # or season, and asking price etc.) some experienced owners might ofer opinions on this forum.