Timeshare Fees calculator
Rule of Thumb - Timeshare Fees Double Every 10 years
Two of the main problems with Timeshare are the ever-increasing Annual Fees and fact that Timeshare contracts are designed so that owners are locked in for a very long contract term - or even "in perpetuity".
It is highly likely that, when you first signed up for Timeshare, the Fees were very much lower than they are today. If Fees were even mentioned at the time, the salesman no doubt brushed aside any questions with earnest promises about minimal increases.
Sadly, the truth has turned out to be very different, as Fees have consistently risen much faster than inflation and have frequently jumped up a level as Timeshare Resorts & Schemes have fallen "Under New Managament".
For example, if you first got into Timeshare 20 years ago, in 1996, the Fees may have only been £150 a year. Based on an increase of 7.5% each year, by 2006 the Annual fees would have risen to approximately £309 per year, just over double what they were 10 years before.
By 2016, they would have risen to £637 per year. At his same rate of increase, the annual Fees would be: £1,313 in 2026, £2,707 in 2036 and £5,578 in 2046... which would mean the total Fees due from 2016 to 2046 would be over £70,000.
If you are concerned about your (and your family's) long term Timeshare liabilities, please complete the short TimeshareRelease enquiry form now.
About Timeshare Release
During the Timeshare sales boom of the 80s & 90s, potential buyers were lured in by the promise of affordable exotic holidays, flexible exchange programmes and the impression that Timeshare would be a valuable "investment".
In an industry with little or no regulation, high pressure sales tactics were rife and contract smallprint was often glossed over and explained away by sharp salespeople.
Many Timeshare buyers were therefore unaware that they were actually making significant, long term financial commitments on behalf of themselves and their families.
To find out how you can escape the Timeshare Trap please complete the short Timeshare Release Wizard now.
The Timeshare Trap
For many Timeshare owners, annual maintenance fees were barely considered token amounts in the early "honeymoon period" of ownership.
However, year-on-year increases imposed by the resorts over time now mean that the maintenance fees have risen to become substantial sums.
Owners are also facing the prospect of ongoing yearly fee increases and realising that they (and their families) are often committed to long term contracts for generations to come.
Please try our Future Fees Calculator to estimate your liabilities over the term of your Timeshare contract, based on an annual increase of 7.5%.
If you're concerned about rising fees and how to escape the Timeshare Trap, please contact us today.
Timeshare Owner Reports
Recent comments from RCI Timeshare owners who have come to us for help with contract cancellation:
Mr Steve R, Middlesex - RCI/Hollywood Mirage
“We 'swapped ‘another place in Tenerife for this in order to move to the points system. Since then, getting exchanges to desirable resorts proves almost impossible, irrespective of in-season or off-season.”
Mrs Rachael B, Yorkshire - RCI Europe
“I purchased my timeshare in 1999 and have been a timeshare member ever since. More often than not, I have not be able to go where I wanted and have ended up giving a few weeks to Friends, etc to book somewhere they wanted in order not to lose the weeks. I have then stayed in a hotel!! I am desperately trying to get rid of the timeshare and am now paying Timeshare Shop in Manchester to get rid of it for me.”