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Timeshare fees – Is the raising dollar affecting the timeshare owners?

Timeshare fees – Is the raising dollar affecting the timeshare owners?
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Is well known that timeshares are expensive purchases, not only for the initial purchase price, but also for all the timeshare fees. With the rising dollar, the economy of Canadians and Mexicans has been affected. Read this article to know if the raising dollar is affecting the timeshare owners.

Timeshares are not a good purchase at all, because you pay an unbelievable purchase price and additional fees to own the right to use it. We have already read about timeshare fees in:

What fees are involved on buying a timeshare?

Timeshare Fees: The real cost of owning a timeshare

Timeshare Maintenance Fees

Types of Timeshare Fees

A timeshare purchase is not only what you buy at the moment at the timeshare presentation, there are many fees involved when you buy timeshares being the next the most common types of timeshare fees:

Timeshare maintenance fees: These fees are annual payments that cover the expenses of the resort. Usually, these maintenance fees does not stay fixed, they highly increase every year.

Timeshare special assessment fees:These fees are unexpected; you don’t know when an assessment fee is going to be charged. They cover damage or renovations to the resort.

Timeshare transfer fees: These fees are charged when you want to do a timeshare transfer to give it to someone else.

Timeshare membership fees: These fees are charged when the resort offer you extra benefits but with a cost.

Timeshare trading fees: These fees are charged when you try to do a timeshare exchange, and if you decided to use a timeshare exchange company, it will charge you more fees.

As you can see, the payment of a timeshare does not end with the fully pay of the membership, there are also many other payments to do, that’s why a timeshare is not cheap at all.

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 Timeshare fees – Is the raising dollar affecting the timeshare owners?

We all know that the American dollar is rising, affecting the economy of Mexican and Canadian people, being those the third part of timeshare purchasers.

With the raising dollar is becoming very difficult to these timeshare owners keep paying for their timeshare memberships, and this happens because timeshare fees increase every year even during this poor economy.

The majority of timeshare owners can no longer afford the payments of the timeshare and they are looking to dump this timeshares. Some are only stop paying the timeshare fees and others are looking to sell their timeshares. But the only effective way to get rid of a timeshare and no longer have to pay timeshare fees is by the timeshare cancellation.

If you properly cancel your timeshare ownership, there is no way you have to pay anymore to the timeshare resort. Timeshare cancellation is the only effective way to cut all the strings attached to the resort.

At Mexican Timeshare Solutions, we guarantee that your timeshare will be cancelled. We offer help in fast with several years experienced associates that can give you the help you need. Contact us for a free consultation to see what we can do for you.

Information to Share

If you liked this article, please help us to share this information to more people in order to avoid more timeshare scams victims, how?

If you want to know more about cancelling timeshares in Mexico, visit:

Business days to cancel a timeshare contract in Mexico

How to get out of a timeshare?

When can you cancel a timeshare contract?

 

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17 Comments
  • ZoeOctober 15, 2015, 1:08 pm

    We have had a timeshare for 2 years and we still haven't gotten the chance to use it. I decided to stop making the payments because the fees are so high, but the problem is that we want to buy a house and I don't know if this situation will afect my credit score. What is better to do?

  • SteveOctober 7, 2015, 10:39 am

    I bought a timeshare in 2007 and have always paid the timeshare maintenance fees on time. At the sales pitch, I was told that our timeshare unit could be resold easily, but now I know that is a lie! I cannot affor the timeshare fees anymore and I just stopped paying them, but last month the collection has started to call. What should I do?

  • JulesOctober 6, 2015, 1:57 pm

    PLEASE HELP ME!!!!!

    I got this timeshare when I was young and stupid... I did not know any better...

    They lied!!! They do not live up to what they say... They should not be allowed in business for the dishonesty and poor service.
    Plus I can not afford the payments anymore. The raisng dollar is affecting the economy very bad.

    I would appreciate any help you can give me!!!!

  • IanOctober 1, 2015, 1:22 pm

    We are trying to buy a house and this is seriously destroying our credit, I can no longer afford the maintennce fees that increase every year. We need to get out, sell, something. I haven’t found any answers. The timeshare is top notch, never used, and I am out of a job with school loans due.

  • janiceSeptember 25, 2015, 5:31 pm

    I would stay away from timeshares all together… not worth the risks. If you are asking basic questions like this, you need to do a lot more research before thinking about purchasing one.

  • SaraSeptember 22, 2015, 11:17 am

    I agree 100% on all that was described above. I recently went to a presentation while vacationing. It's a very bad idea to buy this timeshare and if they noticed that you are not being convinced they pretty much insult you and kick you out!! We were shocked! ....and the "gifts" are a scam too...you end up paying more in "processing fees".

  • SalomonSeptember 21, 2015, 1:14 am

    No sabria decir con exactitud en que afecta , pero lo que si se es que hayan estos cambios en la moneda los fraudes con timeshares seguiran , me uno a todas esas personas que an sido estafadas , victimas de las presentaciones de tiempos compartidos en las cuales de lo que prometen nada es cierto , tomen sus precaciones, saludos

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