Are Timeshares a Scam?

Consumers are making timeshare purchases everyday. 8 out of 10 times, these purchases are based on false, misleading statements made by the sale representative. If you take an in-depth look at what your actually getting for your hard earned money, you will find out you are getting ripped off. Sales representatives generally paint a grand picture of you and your family vacationing anywhere, anytime, at a fraction of the cost of an average vacation. None of that is true! The average annual timeshare for a family of 4 costs between $20,000 - $30,000 which is then financed for 120 months, to make it seem more affordable. The interest rate is between 12-18%. If you do the math, it will cost you twice as much for the timeshare over that 10-year period. This means $20,000 becomes $40,000 and $30,000 becomes $60,000!

Does this seem like a good economical way to travel? Are you saving money? NO, YOU ARE NOT! According to those numbers, your average yearly vacation is costing you between $3,000-$6,000 and that doesn't include the annual maintenance and taxes! The truth is, it is much cheaper and easier to travel through discount travel companies, a travel agent, or yourself.

Timeshares are a scam it is that simple. They are costing consumers billions of dollars every year and these same consumers are limited to unwanted destinations. If you bought a timeshare and want out call Timeshare-Answers today and learn the truth about your purchase.