Timeshare Salesman - The Good The Bad And The Ugly
Below is a MRR and PLR article in category Finance -> subcategory Wealth Building.
Timeshare Salesman: The Good, The Bad, and The Ugly
Summary:
There's little praise to be given to timeshare salesmen. Judge for yourself.
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When purchasing anything, from a candy bar to a car or a home, you expect fair value for your money. You wouldn't pay $100 for a candy bar, and if you bought a car for $10,000, you'd expect it to have essentials like a steering wheel and tires.
If a salesperson tells you a candy bar is 100% chocolate, you'd expect it to be true and to enjoy it whenever you wish.
However, with timeshare salespeople, you might need to abandon any expectation of truth. Their primary goal is to secure your money, often at the expense of honesty.
The Reality of Timeshare Sales
Buying a timeshare from a presentation can be one of the worst deals out there. Unfortunately, this often leads salespeople to stretch the truth.
How can you tell when they're not being honest? Simply put, it's whenever their lips are moving.
Misleading Promises
Consider the oft-repeated claim that buying a timeshare is a sound economic decision. Let's break down the numbers over ten years:
- Purchase a timeshare for $15,000, with a 10-year loan at a 15% interest rate: $1,932 annually.
- Add yearly maintenance fees of around $450.
- Include exchange membership fees of about $100 annually and vacation exchange costs at $130 per vacation.
This totals approximately $2,612 per year, equating to $435 per night for a six-night vacation. For that price, the alternative accommodations you could secure elsewhere would likely surpass those offered through resort exchanges.
The Hidden Costs and Limitations
Skip a vacation without "banking" your week, and your costs only rise. Often, a $15,000 timeshare nets you only a studio space, during non-peak seasons.
Another prevalent myth is the ease of exchanging your week for a prime-time spot elsewhere. Attempting this can be quite revealing.
The next installment will delve deeper into these misconceptions.
Stay tuned...
You can find the original non-AI version of this article here: Timeshare Salesman - The Good The Bad And The Ugly.
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