Perhaps you've wondered: "Does it make financial sense (or does it make sense at all) to buy a timeshare? Well, the answer can be both yes or no depending on who is buying and for what purpose it is being bought.

One of the most traditional answers could be that you own it, but when you rent something you don't own it. The timeshare industry has grown by leaps and bounds since its inception in this country and many notions that people had earlier have been clarified. Large hotels and resorts are into timeshare business now. It is estimated to be a five billion dollar a year industry worldwide and approximately two million Americans have timeshares. You might be wondering what lured so many people in America alone to timeshares. Here are some reasons...

If you will take into account the amount of money that you will spend staying in a hotel for a week might be up to $900 and that you may do this once a week every 30 years, you will see that your will be spending a great deal of money. Now, consider buying a timeshare property for $10,000 with an additional annual maintenance fee and you will end up saving $3,500. Another benefit of a timeshare property would be that you own the property and this is an investment that should return your original investment, so in reality a timeshare property will cost you a lot less in the long run than staying at a hotel during your vacations. An additional benefit would be having all the comforts of your own home, including a kitchen, laundry room and much more room than a cramped hotel room and, of course, all resort facilities would be available to you while on vacation.

Does it make more sense now? You know where you are going on vacation, so it saves you the hassle of planning your vacation each year. You have a guaranteed vacation each year.

A timeshare is like money lying safely in your bank. You can sell it whenever you want. Not only that, but if you buy a deeded plan, the timeshare gets inherited to your heirs also.

Consider being the owner of a timeshare versus a vacation home. With a timeshare, you don't need to be responsible for repairs, upkeep, and maintenance of the property. You can leave it all to the management company, paying a small fee that is well worth saving yourself the hassle of taking care of it all. A timeshare still feels like your very own home when you stay there; but living there is as carefree as staying in a hotel!

Many timeshare companies offer some discounts like bonus weeks, airfare discounts, car rentals, attraction tickets, restaurants and many more besides their benefits.

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