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Buying a US Timeshare?

Gemini Chica

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Recently I was told that its not a good idea to buy a US timeshare as unlike Europe there is no expiration and your kids are left with it whether they like it or not? I just wanted the "true" facts on this and any pros/cons you would point out?
 

DeniseM

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Not true - no one has to inherit a timeshare or anything else they don't want.


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Gemini Chica

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Thanks Denise, I was told it at a sales presentation and forgot to check this with Tuggers until now!
 

bazzap

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Thanks Denise, I was told it at a sales presentation and forgot to check this with Tuggers until now!
Whilst, as Denise says, it is not true - it may not always be quite as simple as this dependent on individual circumstances.
Certainly your kids would be able to lodge a "Disclaimer of Interest" and in most cases this would successfully enable them to reject any timeshare inheritance, e.g.
http://www.finnlawgroup.com/learnin...-timeshare-interest-inevitable-or-preventable
However, if this is a serious concern for you it might well be worth seeking legal advice for your personal situation (and of course advise your kids of potential action they might need/want to take)
 

catharsis

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all of the above responses are of course true....

.... but what makes me chuckle is the implication that timeshare salespeople are making the 'RTU' differences associated with european/asian marriott resorts (i.e. that you do not own any part of the property but only have a 'right to use' it for a limited period) into an ADVANTAGE :)

It's a little like a car dealer selling you a car on lease instead of outright telling you that "it is to your advantage that they will take it away after three years because who would be want to be left with a 3 year old car sitting on their driveway - think of the shame !"

another in a long line of very odd sales tactics.....
 

Gemini Chica

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all of the above responses are of course true....

.... but what makes me chuckle is the implication that timeshare salespeople are making the 'RTU' differences associated with european/asian marriott resorts (i.e. that you do not own any part of the property but only have a 'right to use' it for a limited period) into an ADVANTAGE :)

It's a little like a car dealer selling you a car on lease instead of outright telling you that "it is to your advantage that they will take it away after three years because who would be want to be left with a 3 year old car sitting on their driveway - think of the shame !"

another in a long line of very odd sales tactics.....

That's exactly what I thought but then thought better check with the experts!!


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silentg

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It can be an advantage, especially if you are older and understand the fact that by a certain age, you will be glad to give up the timeshare. I have 2 RTU timeshares.
Silentg
 
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