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Why Buy a Timeshare? (by Lisa B.):

I don't know why anybody would buy a timeshare! They are too readily available from all of the gullible people that bought them and are now renting them out to recoup their annual maintenance fees that just keep escalating year after year. Even if you get the timeshare for free, the maintenance fees are not much less than what you can find a rental for. About 9 years ago, my family was wanting to stay at the Pueblo Bonito Rose in Cabo San Lucas. The resort was sold out, and I wasn't able to book a room at the resort. The friends of ours that had invited us, suggested that I look online for owners that were renting their week out. My friend had spent about $2700 for the week for their room through the resort, so imagine how tickled I was when I found a 28 year contract being sold online for only $4500! Just 2 visits and the purchase would be be worth it, I thought. So instead of renting, I bought the timeshare. Well first of all, it took me 2 years to figure out that I needed to book an entire year in advance other wise oddly enough, there was never any availability! Next, my annual maintenance fees are over $700 per year. I can find online, day in and day out, people renting their Pueblo weeks for about $1,000 per week. Unless I want to repeat my vacation to the same resort year after year (which I don't), I have to pay an additional fee to EXCHANGE my week. Which it took me at least a year to figure out the ins and outs of EXCHANGING. Not to mention, I also pay to maintain an RCI exchange membership. The headaches and longterm obligations of a timeshare is not worth the headaches. Trust me, there are endless options to just renting. Don't fall to the temptation of purchasing a timeshare.