Timeshare Buying Scams
May 29th, 2008Timeshare Buying Scams
Timeshare buying can be an exciting experience. You have
all types of vacation possibilities dancing in your head.
Get-a-ways to exotic locations. Drinking drinks with
little umbrellas in them while sitting on the white sand
listening to the surf roll up to the shore. But there
can be a dark cloud that could rain on all your plans.
You may not receive all that you are entitled to. You
may wind up paying far to much for what you do receive.
Listen to this…
I fell into the timeshare buying trap. And I fell hard.
I spent over $10,000 that I did not need to spend. And at
that price I did not even get the best deal that I could
have. Like everybody else that goes to a presentation all
I wanted was the free weekend and my gifts. Don’t make the
same mistake!! Timeshare buying has hit a record high in
terms of dollars spent and units sold. If you want to be
part of that number then there are a few points to think
about.
How did you wind up sitting at a timeshare presentation?
Usually you received a mailer offering you a great weekend
get away. And you think…How wonderful to be able to
get away for free. Now here is an amazing statistic. As
many as 25% of the people who hear a timeshare
presentation wind up buying a timeshare. Is that incredible
or what! You think you are going in to get a few free gifts
and a weekend stay and wind up spending over $10,000. And
not only have you spent the money but unless you paid cash
the interest rates are incredible… How about 17%.
Timeshare salesman are excellent at what they do. They have
you for several hours and just pound away at any weak spots
that you may have. And many of the things you hear from a
salesman are simply not true. Do not be fooled!! You cannot
exchange a studio unit in the off season in the middle of
nowhere for a two bedroom beach front in Hawaii. Not going
to happen. Timeshare ownership does not have to cost
anywhere near the prices the salesman want to charge.
Remember this… Sales commission on timeshare can be as
high as 40% of the purchase price. You are paying for their
lifestyle.
So the bottom line is to be careful. Evaluate everything
that you hear. Ask questions. Understand all of the
paperwork. Realize that much of the sales presentation is
not true. Read as much as you can to protect yourself. A
few dollars spent on education could save you over $10,000.
Arnold Brod is the founder of Timeshare Buying Scams. His goal is to help others save money on their vacation dreams.Visit his website at http://www.timeshare-buying-scams.com
