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How Much Should I Pay for a Timeshare?
This is an extremely difficult question to answer. Costs for timeshare vary immensely based on the following criteria: where the timeshare is located, whether the timeshare is deeded in perpetuity or only for a pre-determined number of years, what the rating of the resort is, what amenities the resort possesses, whether the resort is part of a well-known "status" group of resorts such as Marriott, Disney, Four Seasons, etc., what "season" is the week or weeks in question, and most importantly, what can the resort get away with. Your answer to that question should be in comparison to what you would spend on vacation accommodations WITHOUT timeshare. For instance:
- average number of nights you pay for hotel/motel accommodations per night
- average price you pay in today´s dollars for those accommodations
- how many years you can reasonably expect to continue to vacation barring an unforeseen circumstance such as death
- average rate of hotel/motel inflation per year
Example:- 7 nights per year
- $75 dollars per night
- 20 years
- 10 percent inflation per year
- $30,071
So, anything less than $30,071 would be considered a bargain if it gave you anything more, such as: more time, better accommodations, more peace of mind, more amenities on site, etc. The question of how much to pay realistically boils down to "how much can you fit into your vacation budget on a monthly basis to secure your vacation for the rest of your life?"
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