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Thread: rent or own timeshare?

  1. #11
    Senior Member ~Amy~'s Avatar
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    One thing I cannot stress enough as far as purchasing a timeshare (or anything for that matter).....READ, READ, READ your contract before signing so you know exactly what your rights are and what you're getting.

    Too many people get caught up in the "moment of being in paradise", sign on the dotted line and don't have a clue. Don't sign right then and there...take it home and read it first...and think about it. Then if all seems right for you, sign away.
    ~Amy~ - 35th trip to Aruba: New Years Eve 2017/2018 -- Zihuatanejo, MX: March 2018 -- Ireland: June/July 2018 --
    36th trip to Aruba: Sept. 2018





  2. #12
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    I would do research about timeshares on www.tug2.net which stands for Timeshare Users Group. Generally timeshares are not an investment but we sold 3 weeks here in Aruba for more than we paid. We spend the majority of the year here in Aruba and it is all at our timeshare. I love it!!!

  3. #13
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    Andrea J.'s Avatar
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    paul and i feel sometimes like we are in timeshare hell.
    we have to rent most of our units "just to pay the maintenance fee".

    in hindsight we should never have bought.

  4. #14
    Senior Member rob o's Avatar
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    Started to go to Aruba in 1997. Purchased in 2001, again in 2004 and again in 2008. Have never regretted it. Because of the timeshare, our family has been fortunate to have been able to go every year.....creating some incredible memories.

    Our Renaissance timeshares have a very reasonable annual fee, $616 this year. This makes it easy to rent if not used (though, we have only rented one week).

    The best way to buy a timeshare IMO is to buy one from someone who is tired of theirs.
    Please contact via e-mail at arubarennowner@gmail.com



  5. #15
    Senior Member katherine's Avatar
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    I have to agree with Amy - we have been to Aruba 8 times and are tempted every year to get a timeshare, but when i run the numbers it just does not save money. Do not know about other airports, but flying to Aruba on Saturday out of Newark is usually 2-3 times more expensive than midweek flights. We like the flexibility to fly whatever day we want to take advantage of airfare specials - we have 5 tickets to buy, and it adds up quick. We also like the flexibility to stay as many nights as we want. 7 nights does not seem like enough, but 2 weeks is not something we can do. I also do not like the idea of a maintenance fee that i have no control over.

    One year i would like to rent a timeshare - it seems like it would be very economical for us especially since we now have 3 kids, and now need 2 hotel rooms.
    katherine




    Trip #14 in

  6. #16
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    For us (as a family of 5) buying a timeshare made economical sense. Buying from a large company gave us piece of mind about stability and security about making such an investment in Aruba. The cost of renting two hotel rooms each trip in the long run would be more expensive then paying for our timeshare and we at least have something to show for it. That was our reason for the purchase.

    At the SC we have the option of checking in Thurs, Frid, Sat, Sun or Mon so it gives you lots of options. Generally, we like to go a few days earlier so we rent from the SC and add on to our week(s).

    Very personal decision. We love the "condo" style of the timeshares allows us to utilize the kitchen for breakfasts and lunches and when the kids were young we had many dinners in too!
    happiness is going to Aruba with your adult kids because they still want to come with their parents

  7. #17
    Senior Member purpleangel's Avatar
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    I go back and forth on whether or not to buy a timeshare. It's just me. I don't always get the same week off. Seeing the annual fees people are paying has pretty much made up my mind not to do it.

  8. #18
    Senior Member fattypatty's Avatar
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    Quote Originally Posted by Randi View Post
    For us (as a family of 5) buying a timeshare made economical sense. Buying from a large company gave us piece of mind about stability and security about making such an investment in Aruba. The cost of renting two hotel rooms each trip in the long run would be more expensive then paying for our timeshare and we at least have something to show for it. That was our reason for the purchase.

    At the SC we have the option of checking in Thurs, Frid, Sat, Sun or Mon so it gives you lots of options. Generally, we like to go a few days earlier so we rent from the SC and add on to our week(s).

    Very personal decision. We love the "condo" style of the timeshares allows us to utilize the kitchen for breakfasts and lunches and when the kids were young we had many dinners in too!

    i agree with randi's comments. all of that applies to us.

    a few things to remember for prospective buyers:

    1. most states require a 7 day grace period from the time of the signing. this allows you to cancel the purchase contract without penalty.

    2. if you have a mortgage and an equity line, it may make sense to buy using your home equity line of credit so that you can deduct the interest expense of off your taxable income.

    3. buying from a third person is the cheapest way to buy. while you may not get some of the goodies that are given to those that buy directly, imo i don't think it adds up. for marriott, you get to deposit the week for points and get access to their vacation specialist that will work with you to book/change/find/answer all questions. if you're internet savy, then you can all of that online on the resort's and exchange company's website.

    4. in order for you to exchange your week for another resort, you will have become a member of an exchange company (interval international). that membership alone cost $400 for 5 years or so. on top of that. they charge for almost all activities such as exchanging your deposited week for another resort, changing names on guest certificates, etc..

  9. #19
    Senior Member ~Amy~'s Avatar
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    Quote Originally Posted by fattypatty View Post
    2. if you have a mortgage and an equity line, it may make sense to buy using your home equity line of credit so that you can deduct the interest expense of off your taxable income.
    Wouldn't it make more sense to just pay in cash....and avoid any interest altogether? If we had decided that a timeshare was for us, that's what we would've done....why make the timeshare cost even more by adding interest to it?
    ~Amy~ - 35th trip to Aruba: New Years Eve 2017/2018 -- Zihuatanejo, MX: March 2018 -- Ireland: June/July 2018 --
    36th trip to Aruba: Sept. 2018





  10. #20
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    Back in 2000 my wife and I went to Aruba for the first time we were looking at the Aruba and saw Timeshare Resales in the back so we called Remax and bought an old contract very cheap twenty some odd years left only pay maintenance fee if we go don't have to pay if we don't. Only problem is we always go couldn't miss it.
    Next Aruba trip in

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