jeffrey
06-08-2009, 08:24 PM
From a financial perspective, it's almost always better to buy a timeshare unit used than new from the resort. If you buy new, you will pay a large premium to do so while timeshare units on the resale market are often discounted by 50% or more. There can be certain instances when a developer can offer incentives that may not be available on the resale market, but these are usually few and far between.
What is often not considered with this question is a third option - is it better to just rent the timeshare each year rather than buy new or used. It is almost always possible to rent the same timeshare you are considering buying for the same amount -- or quite often even less than buying the timeshare even used. This also frees you from any yearly maintenance fees (http://www.timesharetrap.com/forums/showthread.php?t=147) or special assessment fees (http://www.timesharetrap.com/forums/showthread.php?t=148) that may be levied and increased over the years.
What is often not considered with this question is a third option - is it better to just rent the timeshare each year rather than buy new or used. It is almost always possible to rent the same timeshare you are considering buying for the same amount -- or quite often even less than buying the timeshare even used. This also frees you from any yearly maintenance fees (http://www.timesharetrap.com/forums/showthread.php?t=147) or special assessment fees (http://www.timesharetrap.com/forums/showthread.php?t=148) that may be levied and increased over the years.