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Old 03-30-2021, 01:17 PM   #21
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Seeing this thread, as well as prior threads on this topic, makes me so so glad I resisted the sales presentation I attended many years ago. I have to confess the sales pitch made it very tempting, and in their great twisting of the numbers almost had me convinced it made financial sense. 2 similar reasons why I didn't sign on the dotted line:
1) I'm normally very cautious, especially concerning any substantial financial commitment. And the "offer is only good today" pitch had me smelling a rat.
2) They wouldn't ease up on the pressure. Instinctively, that pressure led me to say no, precisely because of the high pressure.

As an aside, back home and sane, I crunched the numbers and it wasn't even close to being a good deal.
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Old 03-30-2021, 02:01 PM   #22
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Has anything changed?
No.
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Old 03-30-2021, 02:20 PM   #23
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I looked into it a few years ago and know timeshares have a terrible rep (ongoing fees, can't get out of, have to pay up to use different locations, etc). Has anything changed?
No.... Timeshares make no financial sense.

I'm one of the few people who have made money from those timeshare presentations that pay $100 to $150 to sit through a 90 minute presentation. We received and took advantage of several offers from the Westin Maui and Marriott Kauai for 5 nights for $600 with a free rental car. They usually toss us out after 15-30 minutes. Just mention the words "timeshare resale at 20 to 25 cents on the dollar". Both Marriott and Westin still send us offers so they still have hope.
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Old 03-30-2021, 02:28 PM   #24
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No.... Timeshares make no financial sense.

I'm one of the few people who have made money from those timeshare presentations that pay $100 to $150 to sit through a 90 minute presentation. We received and took advantage of several offers from the Westin Maui and Marriott Kauai for 5 nights for $600 with a free rental car. They usually toss us out after 15-30 minutes. Just mention the words "timeshare resale at 20 to 25 cents on the dollar". Both Marriott and Westin still send us offers so they still have hope.
We did the Marriott presentation in Orlando. We are loyal Marriott Gold Elite members. I've always found the company to be responsible and trustworthy and respectful to their guests.


NOT THE TIMESHARE DIVISION!


The person we dealt with was beyond rude, ignorant, and condescending. He repeatedly made incorrect assumptions about us, even after I corrected him - he just kept on spouting off the same wrong stuff. By the end, when we were quite fed up, he got even worse, which is typical of timeshare folks but I really expected better from Marriott. When we got home, I fired off a very nasty letter to the higher ups of the company. I don't think I ever got any response.


Disney, on the other hand, is as nice as you would expect Disney to be. We did the DVC tour not because we had the slightest interest in buying but because we are big Disney fans and I wanted first-hand knowledge about how it all works.


When we first sat down with the rep, I explained that. He asked about our typical Disney travel routine and I told him that we rent condos offsite for $75/night and were quite content to do that. We had no interest in staying onsite. He understood and was fine with that and admitted from the start that DVC wouldn't be right for us. But he still went through the whole presentation, showed us how it all works, answered our questions, and finished up with us getting free ice cream and the gift cards promised for doing the presentation. I would happily do their presentation again and I've recommended others to do it as well, as long as you are fully prepared to say NO and not actually buy anything.
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Old 03-30-2021, 03:24 PM   #25
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We have sat through two timeshare sales pitches.

The most recent was Thailand. No sale but we did end up staying a week in a five star resort in Phuket for $60. I googled the company. My screen just about turned red with all the warnings from people not to buy. Upside is we met some folks from Australia who have since become good friends. Had a wonderful week.

The other was in Ormond Beach. Booked a week and while we were there the front desk convinced us to attend the presentation. I had never been to one before so we went. Plus we’re paying us $100 to attend the 2 hour show. I had a sales background and was mildly interested in confirming the stories that we had heard about these presentations. Lots of pressure. I found it amusing but my spouse felt intiimidated. After we said no to the second ‘closer’ they tried to sell us some hoaky vacation club nonsense. At least we got the $100 for our two hours!
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Old 03-30-2021, 03:36 PM   #26
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Originally Posted by disneysteve View Post
We did the Marriott presentation in Orlando. We are loyal Marriott Gold Elite members. I've always found the company to be responsible and trustworthy and respectful to their guests.


NOT THE TIMESHARE DIVISION!


The person we dealt with was beyond rude, ignorant, and condescending. He repeatedly made incorrect assumptions about us, even after I corrected him - he just kept on spouting off the same wrong stuff. By the end, when we were quite fed up, he got even worse, which is typical of timeshare folks but I really expected better from Marriott. When we got home, I fired off a very nasty letter to the higher ups of the company. I don't think I ever got any response.


Disney, on the other hand, is as nice as you would expect Disney to be. We did the DVC tour not because we had the slightest interest in buying but because we are big Disney fans and I wanted first-hand knowledge about how it all works.


When we first sat down with the rep, I explained that. He asked about our typical Disney travel routine and I told him that we rent condos offsite for $75/night and were quite content to do that. We had no interest in staying onsite. He understood and was fine with that and admitted from the start that DVC wouldn't be right for us. But he still went through the whole presentation, showed us how it all works, answered our questions, and finished up with us getting free ice cream and the gift cards promised for doing the presentation. I would happily do their presentation again and I've recommended others to do it as well, as long as you are fully prepared to say NO and not actually buy anything.
Marriott spun off their timeshare division many years ago. They still use the Marriott name but are not the same company as the hotels.

I have never been on a Disney timeshare presentation. I bought my Disney contracts sight unseen because unlike other timeshares, it actually made financial sense for us because we want to stay onsite and hotels are too small for my family. I bought my original batch direct at a great price (back in 2009) and bought additional contracts resale. Disney is the only timeshare I would recommend (only for staying at Disney, not trading) but only at the resale prices. New prices are insane now.
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Old 03-30-2021, 03:42 PM   #27
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Not all, but some timeshares, the day after you buy a timeshare, it's worth $0.01 (if you can even get that for it).
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Old 03-30-2021, 03:56 PM   #28
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I looked into it a few years ago and know timeshares have a terrible rep (ongoing fees, can't get out of, have to pay up to use different locations, etc). Has anything changed?

We have one and we really like it - There is maintenance fees.
We have 60+ locations without needing to pay extra fees.


Our timeshare uses points as opposed to having the same size unit at the same locations during the same time every year. We can choose a studio, 4 bedroom penthouse or multiple units, we can stay in Anaheim, Daytona Beach, Depoe Bay, Kihei, Coral Baja or 50+ other resorts. My wife wanted it and I knew it was a rip off after nearly 20 we still enjoy it and we use it 2-5 times a year.
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Old 03-30-2021, 04:08 PM   #29
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Back when I was young and poor, DW and I (and later DD) used to take the "free" 4 day/3 night sales pitch vacation at Disney. We were always able to buy a couple of extra nights for a reasonable price. We just had to sit through the sales pitch, which was annoying but worth it to us. Even at that young age I could tell that any time a company would throw that much sales firepower at you it must be a really good deal...for them!

I've known a bunch of people who have bought into timeshares over the years, and not a single one that was happy about the decision over the long run. Mostly I think it's the maintenance costs eating you alive that was the problem.

It's so easy to rent anywhere in the world you would want to vacation, I can't imagine why buying a timeshare would be a good idea.
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Old 03-30-2021, 06:21 PM   #30
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We have a timeshare next to our favorite ski resort. One of the benefits is using free parking and hot tubs when we are skiing but not staying at the resort. It has worked out well for us.
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Old 03-30-2021, 07:51 PM   #31
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Marriott spun off their timeshare division many years ago. They still use the Marriott name but are not the same company as the hotels.
Good to know, though I wonder why Marriott let's them keep using the name and tarnishing their reputation.


I will say, though, that we have stayed at a Marriott timeshare for a week and I can't say a single negative thing about the experience. Everything was excellent. It was only the sales pitch that was beyond awful. Our stay was unrelated as we rented the week from a friend who wasn't using it. We just paid his annual fee which I think was $500. Not bad at all for a week in a very nice 3-bedroom unit in a beautiful resort. So again, if you want to stay in a timeshare, just rent one. Don't buy. Disney being the one and only possible exception to the rule.
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Old 03-30-2021, 08:34 PM   #32
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We went on a timeshare pitch and didn't buy a timeshare but we did buy some points for a couple grand. The original offer was for $4500 but they kept dropping the price. When it got down to $2000 I knew we could make good use of it.

So far we've been to Myrtle Beach, Edisto, Panama City Beach, Nashville, and Branson. We also took a trip to Wisconsin Dells. More than half of the points are still left and so far we've stayed for 22 nights. Assuming we get 40 nights out of it, the cost per night is about $50, so it's a great deal for 500 - 800 sq ft places with kitchens and laundry facilities.

At every place they invited us to a "meeting" and we went on all of them earning a $100 - $150 pre-paid Visa card ($800+ so far) at each one. So, we've really only spent $1200 for the 22 nights and can easily get another 20 nights with the remaining points. Plus more pre-paid Visa cards of we go to more meetings. If we get another $800 in pre-paid Visa cards we will have stayed 40 nights or so in some nice places for $400. $10 a night. No more meetings and it's $1200 for 40 nights or $30 per night.

You can make the system work to your advantage with a little bit of planning. We used it to check out a bunch of places we'd never been to going slightly or mostly off season when the points went further.

It's been fun but we won't do it again and we'll never, ever buy a timeshare.
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Old 03-30-2021, 10:03 PM   #33
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Nah, still garbage. Buy used at 5-10 cents on the dollar, sorry no discount on the fees.

But the fees always go up. For life. Yours and your estate. Forever.
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Old 03-31-2021, 04:37 AM   #34
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Iím a software developer so I know quite well how to use Google/Bing/etc and do use them extensively. I have thrown many of my technical books away because I donít use them since itís easier to search.

Was looking for people to provide more context into their ďnoĒ answers than just a no.

I do appreciate the pointer to what looks like a decent article on the disadvantages of timeshare ownership so thanks for that!
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Old 03-31-2021, 06:47 AM   #35
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any websites that have the time share rentals people are mentioning? sounds interesting to rent.
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Old 03-31-2021, 07:19 AM   #36
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I own 3 yes 3 Marriott timeshares. All bought resale. I find them to be a great value and have no plans to give them away anytime soon.

We trade them mostly to other Marriott’s through Interval International. It’s a hobby for me.

We just spent a week in Palm Desert in a very large 2 bedroom unit for $359 via a “free week” Interval gives us in addition to our weeks.

If you want honest answers from actual timeshare owners I would recommend searching TUG2.net (timeshare users group).

Timeshares aren’t for everyone and paying retail is dumb in my book. It truly is false that your heirs have to accept a timeshare from your estate. I just helped my neighbor get rid of her Marriott took 15 minutes of my time. I posted it for free on Tug and had a taker in less than 1 hour.

I understand why the hard sell and high prices give them a bad reputation but knowledge is power in all things.

I love my Timeshare!
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Old 03-31-2021, 07:21 AM   #37
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any websites that have the time share rentals people are mentioning? sounds interesting to rent.
Redweek.com offers owner rentals as well as the sight I mentioned above.
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Old 03-31-2021, 09:01 AM   #38
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I own 3 yes 3 Marriott timeshares. All bought resale. I find them to be a great value and have no plans to give them away anytime soon.

We trade them mostly to other Marriott’s through Interval International. It’s a hobby for me.

We just spent a week in Palm Desert in a very large 2 bedroom unit for $359 via a “free week” Interval gives us in addition to our weeks.

If you want honest answers from actual timeshare owners I would recommend searching TUG2.net (timeshare users group).

Timeshares aren’t for everyone and paying retail is dumb in my book. It truly is false that your heirs have to accept a timeshare from your estate. I just helped my neighbor get rid of her Marriott took 15 minutes of my time. I posted it for free on Tug and had a taker in less than 1 hour.

I understand why the hard sell and high prices give them a bad reputation but knowledge is power in all things.

I love my Timeshare!
+1. We also own Marriott (5 ) and love them. They are not 'investments' and take a bit of learning to maximize use if you plan on trading.
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Old 03-31-2021, 10:10 AM   #39
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We went on a timeshare pitch and didn't buy a timeshare but we did buy some points for a couple grand. The original offer was for $4500 but they kept dropping the price. When it got down to $2000 I knew we could make good use of it.

So far we've been to Myrtle Beach, Edisto, Panama City Beach, Nashville, and Branson. We also took a trip to Wisconsin Dells. More than half of the points are still left and so far we've stayed for 22 nights. Assuming we get 40 nights out of it, the cost per night is about $50, so it's a great deal for 500 - 800 sq ft places with kitchens and laundry facilities.
I've never heard of anything like this. You were able to buy points with no other commitment? No contract or annual fee or anything? What company was that?
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Old 03-31-2021, 10:21 AM   #40
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I've never heard of anything like this. You were able to buy points with no other commitment? No contract or annual fee or anything? What company was that?
Wyndham. We said no to buying a timeshare so they offered a "discovery" package of XX number of points. No other commitment, no maintenance fee...just use the points until they ran out. We turned that down and they kept dropping the price until we decided that the price was low enough where the price per night became very reasonable.
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