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It 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
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 do 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.
Timeshare Fees – Is The Raising Dollar Affecting The Timeshare Owners?
We all know that the American dollar it is rising, affecting the economy of Mexican and Canadian people, being those the third part of timeshare purchasers.
With the raising dollar, it is becoming very difficult for these timeshare owners to 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 to 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.
To receive more information about timeshare fees and how to cancel a timeshare, send a WhatsApp to +52 333 239 6589, fill in the form in the contact section or call us at +1 714 277 3662.
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If you want to know more about cancelling timeshares in Mexico, visit:
Business days to cancel a timeshare contract in Mexico
Con esto de que este como este el dolar es un hecho que tener un tiempo compartido son una de las peores estafas ahi afuera, lo mejo es cancelar lo mas pronto posible.
I dont know, but if anyone is interested in buy a timeshare membership please make a deep research first before acquire something, i highly recommend that avoid the timeshare presentations, dont get involved.
Actually a timeshare purchase is a bad movement, even if the dollar is raising , timeshare membership is not a deal , believe me , the only thing that a timeshare gave me were debts , desperate im looking for the timeshare cancellation ,help !
Tengo unos parientes que tiene un problema con su tiempo compartido aqui en mexico , y alo que he escuchado se estaban quejando algo sobre el dollar, no me entere muy bien exactamente de que fue pero al parecer las cuotas de mantenimiento del resort le subieron el precio ya que a largo plazo es una gran cantidad de dinero mas que tienen que pagar .
I heard the quickest way to get rid of your timeshare is to NOT paid the maintenance fees. Is this true and are there any repercussions for not paying maintenance fees just let it go into foreclosure?
my problem is the use fees we were quoted are entirely wrong. I was quoted 585. user fee for 2 bed unit at mayan Palace and 1050 for the Grand mayan. Now whe i tried to book it is 1250. for the Mayan Palace and 1400 for the Grand Mayan. no where near the 585. quoted. Im going to contact Mexican authorities as stated in a few posts up.
I recently attended one of these presentations. The problem I saw was that wen I asked at the end for materials to check out for myself if the financials were sound as an investment, the salesDude said those materials are not available.
My only thought is "if it were a good investment, it would be for sale like other real estate, and the high-pressure sales tactics wouldn't be needed".
So to me, the entire setup is a confession by the sales team that it is a bad idea.
I have a timeshare at Royal Holiday bought it with mortgage. The problem is that we haven't been able to kep paying the fees, Is it possible to get out? Can you help us?
I am in the same boat here. Purchased in June, total scam, not receiving what we paid for at all and now trying to fight it through local state agency. It is through Pueblo Bonito. Why don’t we ban together and start a class action against ueblo Bonito? We are all talking but no one is acting and we are all victims of a serious scam.
Can someone help me ith this problem, please? I have a timeshare in Ixtapa with Pacifica; mi dad bought it in 2000 and it is for 30 years. This week I got the letter for the charge of the annual fee and sorprise! they increase 43% over las year. They had never done a further increase to 17%. I talk to the costumer service at Pacifica but they don't fix me nothing.
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