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Timeshare is cheap, yet restrictive pritam batch 18
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Timeshare is cheap, yet restrictive pritam batch 18


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  • If you take a look on eBay, you will certainly find a cheap timeshare for sale. Some time shares are sold for even less than a dollar. Unfortunately, the majority of timeshare presentations, if not all, are high-pressure and misleading, and they use all type of deceptive sales tactics to get a sale done. However, a cheap timeshare for sale is not a good deal. Even when the timeshare is paid in full, there are still lots of financial responsibilities that are attached to them:
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  • 1. Compiled and presented By Pritam
  • 2.  A couple of years before she retired and returned to India from Dubai, Geeta Kumar bought a package at a timeshare holiday resort, hoping to go on regular holidays with her family. Though three to four years have passed and she has been on only one holiday - to Coorg in Karnataka. But Kumar is hopeful of putting her package to good use. "The timeshare package would ensure my family and I go on a holiday at least once a year. I feel that is an advantage, as the resorts are in good locations and you can really get away from the crowded city. But the fact that we have to pay the subscription fee even if we don't go every year does pinch," she says.
  • 3.  Mukesh Shand, an information technology professional from Pune, feels his investment has gone to waste. His advice to anyone considering a timeshare package: Never opt for one. "The initial down-payment, along with the annual maintenance charges, works out to be more expensive. And, whenever you plan to go on a holiday, you find all the rooms are booked, as everyone wants to travel during the season," he says.
  • 4.  Club Mahindra's rates range from Rs 2.22 lakh to Rs 17.21 lakh, depending on the season and the apartment-type chosen. Memberships are packaged according to the season chosen (purple - super peak season; red - school vacation season; white - shoulder season to school vacations and blue - off season) and by the apartment size chosen - studio, one-bedroom or two-bedroom. So, a 'purple' two-bedroom package is the most expensive. Country Club packages include 'Billionaire Classic', 'Billionaire Premium' and 'Billionaire Gold' for five, 10 and 30 years, respectively. Non-members are allowed to stay at any Country Club property, at Rs 35,000-45,000 a week. Club Mahindra packages are for members alone.
  • 5. Assured of good quality rooms and service No impact of rise in hotel room rates It is cheaper over a 25-30-year period  Membership in a timeshare resort could provide you access to chains the resort has tie-ups with. For instance, Country Club owns 55 properties and has 200 affiliations within Indian and a tie-up with RCI, which gives members access to a global portfolio of 5,000 properties. Similarly, Club Mahindra, too, has 40 properties in India and abroad and members can enjoy international holidays with RCI exchange facility for discounted rates.
  • 6. Choice of destination is limited-disadvantage of a timeshare resort package is though the package might offer 50 destinations, you might be interested only in a few. In such a case, you would be forced to holiday in a place you aren't really interested in. One has to book well in advance to ensure room availability  You have to plan 7 day holiday every year and pay annual maintenance cost.
  • 7.  WHILE CHOOSING A TIMESHARE PACKAGE:Always deal with reputed brands even if the membership comes at a premium  Look for brands that have been in the industry for a long time, because it’s not only about the quality of properties but also how well the properties are managed and maintained  Timeshare should be the core business of the brand that you choose to deal with  Look into the financial credibility of the brand and the credibility of the management  Look into the history of the brand — with so much information available online, a little research cannot hurt  Check the customer base of the firm  A bigger property portfolio