Timeshare Lies & Misrepresentations
Common Misleading Claims by Timeshare Salespeople
"It's a Great Investment"
Timeshares are typically not a financial investment and rarely appreciate in value. They are more of a vacation expense rather than an asset.
"You'll Save Money on Vacations"
While timeshares may offer discounted rates, the upfront cost and ongoing maintenance fees often outweigh the savings.
"The Maintenance Fees Are Fixed"
Maintenance fees often increase over time, sometimes significantly, due to inflation and rising costs.
"You Can Easily Sell or Transfer Your Timeshare"
Reselling or transferring timeshares can be very difficult and often results in financial loss. Many people struggle to find buyers.
"You'll Get Access to Exclusive Resorts and High-End Properties"
The quality of available timeshare resorts may not always match the promises made, and availability can be limited.
"You Have Lifetime Use of the Property"
While you might have a long-term contract, you do not necessarily have lifetime access, especially if you fail to keep up with fees.
"You Can Cancel Anytime"
Timeshare contracts can be very difficult to cancel, and there may be hefty fees or penalties involved.
"You’re Getting a One-Time Special Offer"
Sales tactics often include high-pressure claims that the offer is limited, but similar deals may be available at other times.
"The Timeshare Will Pay for Itself"
The ongoing costs associated with timeshares, including maintenance fees and special assessments, can be substantial and add up over time.
"You Can Use Your Timeshare Anywhere in the World"
Exchange programs exist but may have limited availability and higher fees. Availability at desirable locations may not be as frequent as suggested.
"You’re Eligible for a Free Vacation or Gift"
These “free” incentives often come with conditions, such as attending a timeshare presentation, which can be time-consuming and high-pressure.
"Your Purchase is a Tax Write-Off"
Timeshare purchases are generally not tax-deductible as they are considered a personal expense, not a business investment.
"You Can Always Pass It Down to Your Heirs"
Timeshares can be a financial burden to heirs due to ongoing fees and maintenance costs, and they may not want to inherit it.
"The Financing Terms Are Great"
Timeshare financing often comes with high interest rates, which can significantly increase the total cost over time.
"You Can Easily Exchange Your Week for Another Location"
The exchange process can be restrictive and may not always guarantee availability at the desired location or dates.
"It’s a Simple Process to Use Your Timeshare"
Booking and using your timeshare can be complex and may involve navigating various rules, availability issues, and additional fees.
