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One of the common promises told at a timeshare presentation is that timeshares are easy to swap. Know the most popular exchange companies and how they work
When being at a timeshare presentation, you are likely to be told many fake promises in order to make you buy a timeshare.
This becomes a hardcore brainwash operation, and many people fall for it.
One of the most commonly lies told at a timeshare presentation is that you can trade your timeshare location for other different destinations around the world; timeshare reps use this promise as part of their sales tactics to make the deal more attractive.
Although this is not completely false, the truth is that timeshare exchange is not easy at all.
With the expectation to travel all over the world, many families end up buying a timeshare.
Unfortunately, this is not frequently the case, and it can even be more difficult than it’s worth.
There are lots of timeshare owners who have been trying to trade their holiday ownership for years without a success.
The objective of this article is to explain known the most popular timeshare exchange companies and how timeshare exchange works.
Timeshare Exchange Companies
Timeshare exchange companies are corporations that specialize in timeshare trades.
Customers who buy a timeshare at a resort that is affiliated with an exchange company have the option to exchange their timeshares with other members.
Numerous resorts are affiliated with different exchange companies.
The following are the most famous timeshare exchange companies, with the first two being the world's largest:
RCI (Resort Condominiums International): RCI is the world's largest timeshare exchange company.
Founded in 1974, it has more than three million members around the world and around 4000 affiliated resorts.
Common complaints:
- The Company doesn’t cooperate in accordance with the terms agreed on their website
- Many extra fees are charged
- The management is disorganized
- The information they give to customers is not precise
II (Interval International): II is the second-largest timeshare exchange company.
It has been operating since 1976, and it has more than two million members and over 2,500 affiliated resorts.
Common complaints:
- Poor service
- Resorts to exchange are rarely available
- Several fees are continuing to be charged
Another Popular Exchange Company is:
TPI (Trading Places International): This Company was founded in 1973, and is based in Southern California.
In 2010, TPI was acquired by Interval Leisure Group. It currently has more than 71,000 members.
Common complaints:
- They have very few choices for exchanging your timeshare
- Resorts are not often available
- DAE (Dial An Exchange): Dian An Exchange is a worldwide Company that started in Australia, in 1997. It has over 300,000 members, and the exchange prices are lower.
- Common complaints:
- Even though they have a large listing of resorts, very few of them are available for exchange
- Their exchange system is confuse
- Platinum Interchange: Platinum Interchange was founded in 1979, and it has 1300 affiliated resorts around the world.
- Common complaints:
- Their availability is poor
- Reservations must be requested with a year of anticipation or more
How do I exchange my timeshare?
As indicated before, it is not easy to trade your timeshare. Timeshare exchange requires lots of research into every possible swap location.
The availability of many different resorts is almost null, and there must be someone willing to trade his timeshare with yours.
Besides all that, you have to keep in mind that trading a timeshare costs money. Timeshare exchange companies charge an annual membership fee.
This fee can be as little as $15 or as much as $100 per year or more. Also, it is likely that the resorts charge trading fees, which are at least $100.
Sometimes you have to upgrade your timeshare to be able to exchange it, and this will have an extra charge.
If you are a world traveler, you DON'T need a timeshare
Regardless of what the timeshare salespeople say, timeshares are not easy to swap, in fact, it may end up being more expensive than traveling on your own, even if the resort is affiliated with one of the timeshare exchange companies mentioned before.
Timeshares can be a good purchase for those who enjoy traveling to the same spot every year, but they are definitely not for those who enjoy spontaneous travel without several restrictions.
Owing to the difficulty to exchanging their timeshare locations and the expensive annual costs, many timeshare owners decide to get rid of their ownership, yet a vast majority don’t know how to do so.
At Mexican Timeshare Solutions, our goal is to assist timeshare purchasers who feel they were scammed or taken advantage of by fraudulent salespeople and deceptive sales practices.
Contact MTS for a completely free consultation on how we can help you cancel your timeshare contract and finally recover the tranquility and financial freedom you need.
To receive more information about timeshare exchange companies and how to cancel your timeshare, send a WhatsApp to +52 333 239 6589, fill out the contact form, or call us at +1 714 277 3662
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I had a time share many years ago...my husband and I could not afford it. You may be wondering why we bought it? Like so many people "we got caught up in the moment" but thank God I was able to deed it back to them by using a "Quit Claim Deed". They told us we could not do it but we did it anyway. We got that "monkey off our back".
Timeshares themselves are a rip off. Id rather just save money and buy a place outright or rent a place where ever I want to go on vacation.
Exactamente son una estafa,jamas puedes intercambiar y si lo haces con 1 año antes,solo te aceptan temporada baja para el pais que viajas y si sumas te sale muchisimo mas caro ,porque debes pagar un adicional por en intercambio,ademas la mantencion mensual es carisima y si te tratas de salir te persiguen y te ponen en Dicom si no pagas,es una verdadera estafa,sequedan con los millones de la inversion inicial que iciste y jamas te regrezan el dinero.jamas caigan en esto,si viajan metanse y arrienden Ud mismo por internet,hay ofertas en resort hermosos a precios bjisimos,fuimos a Orlando y arrendamos un 4 estrellas cerca de los parques por menos de 80 dolares la noche en dpto. de 1 dormitorio con todas las comodidaes,cocina,piscinas temperadas,restorant,entretenciones etc.
Don't do it. You'll spend a fortune paying not only the loan but also all the membership and maintenance fees each year, money that could be better spent just traveling on your own. You aren't guaranteed you'll get the resorts or the weeks you want, in the places you want to go. And when you finally tire of paying through the nose for something you never use, you can't resell them unless you take a BIG loss.
At the end of a long presentation (about 3 hours into a 90 minute presentation, that's right) the woman was trying to sell us a trial (at a high price) and I remarked that I liked timeshares and even the notion of a maintenance fee because otherwise, it's a ponzi scheme.
Her face turned red. "We're not a ponzi scheme!" she protested. I said that the maintenance fees were a business sustainable model and she protested again "We're not a ponzi scheme!"
It's one of those responses from her that scared me about buying on the resale market.
Think about it: They sell millions points every weekend and the traditional ones sell a year's worth of 'weeks" also every weekend. They need to build more resorts for those sales but... are they? All those weeks of maintenance fees, do they go into actual week's worth of units that people want to use?
Simultaneously, the woman slipped and said we weren't going to rent at the timeshare next year. "Availability is up for this resort!" she quipped which undermined the trial package she wanted us to try. If availability is low, then what good are the points for units I can't get into? How many new owners are fighting for the same units? It's like overselling airline seats.
i dont understand why they keep lying about this, everyone know that is another scam
exactamente, si a alguien le gusta viajar 2 o mas veces al año, un tiempo compartido no tendria caso, ademas que siempre seria al mismo lugar yo personalmente no le veo la gracia
run away, fast as you can. don't take their prizes or tickets.
hacer algo asi exitosamente, me imagino que debe tener un porcentaje de probabilidades bastante bajo, no creo en absolutamente nada de lo que dicen estas empresas de tiempos compartidos
ninguna empresa hace lo que promete, lo digo por experiencia, solo te llenan de palabras bonitas para que caigas, pero al final es siempre lo mismo, cuidense porque nadie esta excento
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