How do most people finance resales?

[Wolfgheist]

I had been planning on using Hilton Amex with 0% for 12 months, but the agent is telling me that none of the title companies she has contacted will accept credit cards for the balance. They say credit cards are not secure for this type of transaction.

 

[DeniseM]

If you have to finance a re-sale, you shouldn't be buying one. Save up for it.

 

[mjm1]

We have used a credit card for the deposit, but as you have found they won’t allow it for a full purchase price.

 

[Passepartout]

MOST people pay for resales with pocket change.

 

[Wolfgheist]

MOST people pay for resales with pocket change.

Can you give me some of your pocket change?

 

[Wolfgheist]

We have used a credit card for the deposit, but as you have found they won’t allow it for a full purchase price.

Yeah, that is what I am doing for the deposit, but was trying to think of what to do for the other $19,000

 

[theo]

Yeah, that is what I am doing for the deposit, but was trying to think of what to do for the other $19,000

Pray tell, what resale timeshare week is worth $19k after the (unspecified) amount of your purchase deposit?

 

[Wolfgheist]

Pray tell, what resale timeshare week is possibly worth $19k?

Christmas in Hawaii.

 

[TolmiePeak]

Yeah, that is what I am doing for the deposit, but was trying to think of what to do for the other $19,000

Why are you thinking about paying that much for a resale timeshare?

 

[vacation911]

Christmas in Hawaii.

The purchase price seems very high We don't know the specifics, but most timeshares are being given away, so 19k is alarming. I can't personally think of a HI week that would yield that resale even Christmas or New Years.

 

[mjm1]

The purchase price seems very high We don't know the specifics, but most timeshares are being given away, so 19k is alarming. I can't personally think of a HI week that would yield that resale even Christmas or New Years.

Marriott new towers, Hyatt, Westin could each fit that range and higher.

 

[DeniseM]

Wolfgheist: Look at it this way: A Christmas trip to Hawaii for a family of 4 could easily cost $5,000 for airfare and another $5,000 for car rental, dining out, activities, groceries, presents, fees and incidentals. Can you save $10,000 every year to make a Christmas trip to Hawaii? Or will you be putting it on a credit card?

My point is that traveling is expensive, and the fact that you want to finance a resale timeshare may indicate that you have champagne tastes and a beer budget. We were all there once, but you may want to re-think your strategy and start with a more budget friendly timeshare. Suggestion: Acquire a free timeshare on the TUG Free Timeshare Forum, within driving distance of your home, and take timesharing for a test-drive before you finance a big commitment.

 

[dioxide45]

There are a couple companies out there, but I think they mainly provide financing for DVC purchases since they tend to hold their value a lot better and are a lot more liquid. One is Monera Financial and the other is Vacation Club Loans.

 

[Sandy VDH]

PIF or don't buy it.

 

[Fido Chuckwagon]

Financing a resale timeshare is a poor life decision. Hawaii is a pretty saturated market. I guarantee that you can find a nice timeshare that fits your needs, even Christmas or New Years, for a lot less than $19k resale.