What should I buy?

[Salival462]

1) Is there a vacation destination you wish to visit most of the time or on a regular basis? if so where?
My primary choice would be Grand Cayman, followed by Puerto Rico.

2) Do you want to visit your home resort at least half the time, or do you want to trade more than half the time?
Visit home resort more than half the time.

3) What are your 5 top trade destinations?
New York City
Vegas
Orlando
Colorado - multiple
4) How many people do you usually travel with?
2

5) Can you travel any time, or are you locked into the school schedule?
Wide open

6) Can you make firm plans 12 or more mos. in advance?
Absolutely

7) Can you vacation for a full week at a time?
Yes

8) What level of accommodations do you prefer on a scale of 1 to 5 stars?
3 or more

9) How much can you afford to spend upfront, without financing?
$3000

10) How much can you afford to spend every year for a maintenance fee that will come due right after Christmas, and increase each year?
$1300

11) Are you a detail oriented planner?
Very much so.

12) Do you understand that once you buy a timeshare, it may be very difficult to sell or give away, and you are responsible for all fees, until you do?
Yes

I am not sure if it's worth it to get a timeshare in Grand Cayman, or anywhere else for that matter. I would happily spend a week in Grand Cayman every year for the rest of my life. Advice would be GREATLY appreciated.

 

[RNCollins]

Hi Salival462,

Welcome to TUG.

There are a few timeshares on Grand Cayman. They do show up once in a while on eBay.

One thing to consider if you purchase a timeshare in the hurricane zone is you may get a big special assessment if a storm hits and does damage.

Take your time and hang around TUG. Try out Timesharing and rent first. If you decide to purchase, buying resale is the way to go.

Rental sites:
https://tug2.com/timeshare-classifieds/
https://www.redweek.com/

 

[bogey21]

If you can only afford to spend $3,000 up front but have $1,300 available annually for MFs, maybe you should just rent. One of the things you might consider is renting for 5 rather than 7 days to cut the cost. Even though I used to own Fixed Weeks at six different Resorts I often found myself only staying 5 days to reduce car rental and airline costs.

One of the advantages of this strategy is you avoid potential Special Assessments, increases in MFs, Resorts not being maintained and the hassle of disposing of your Week/Points when you are done with them.

George