I am considering buying a resale 300 DVC points for 19500.00. I am just starting to research the whole timeshare thing. This is what I have gathered.
One of my biggests concerns is, what happens if I choose not to go that year or if I want to go somewhere else?Say I purchase 300 points NOW and if I choose not to travel that year or if I change my mind and want to stay at a different resort I could "rent" my points for that year for around 10.00 a point = $3000.00? In addition these points would be good for 40 years? Why wouldn't people do this? What are the cons?
Another question is, What are the maintenance fees? Plus, Are there monthly taxes involved like a mortgage and if so what are they? Is the interest tax deductable? etc.
I know there are hidden fees I am not aware of....
One of my biggests concerns is, what happens if I choose not to go that year or if I want to go somewhere else?Say I purchase 300 points NOW and if I choose not to travel that year or if I change my mind and want to stay at a different resort I could "rent" my points for that year for around 10.00 a point = $3000.00? In addition these points would be good for 40 years? Why wouldn't people do this? What are the cons?
Another question is, What are the maintenance fees? Plus, Are there monthly taxes involved like a mortgage and if so what are they? Is the interest tax deductable? etc.
I know there are hidden fees I am not aware of....