Timeshare Costs |
Price |
Ownership Cost + Closing Costs |
$16,900 |
**Maintenance Cost
@ 10 years |
$5,300 |
Total Ownership Cost after 10
years |
$22,200 |
Vacation Condo Rental Costs |
Price |
**Average condo rental cost @
$2,220.00 per week x 10 years |
$22,200 |
Vacation Condo
Equity after 10 years |
$0. |
| Total Timeshare Ownership Costs |
Price |
| Total
Ownership Cost after 10 years |
$22,200 |
| *Ownership Equity after 10 years |
-$16,900 |
Ownership Cost
minus 10 year Ownership Equity |
$5,300 |
|
Using the above example formula, you
would have paid $22,200 over 10 years or $2,220 a week for a condo rental with zero
equity.
As a Timeshare owner, you can vacation for 10 years
for about the same amount you would pay in rentals. The best value is, as an owner, you
have re-sale value, owner equity as well as options on where and when you vacation.
|
|
|
|
Be an OWNER
not a loaner!
|
|
|
*This is only hypothetical. You can add your
own numbers of what you think your equity might be less or more and the formula will still
work.
** This comparison chart is for demonstration
purposes only. Neither numbers take into account inflation. You can put your own numbers
in, using this formula. This is only a hypothetical example.
|
|
|
|
|