In recent years, timeshare companies have found that the traditional fixed week contract isn’t meeting the evolving vacation needs of their clientele. As a result, many resorts have been shifting to a points club system of timeshare ownership. This model has become increasingly popular due to the greater levels of flexibility it offers.
As with all types of timeshare purchase contracts, there are pros and cons to the points club system. If you’re serious about buying a timeshare, it’s important to do your homework regarding the different options available. Choosing the right type of timeshare model for your family’s unique needs will significantly impact your experience.
Traditionally, timeshares were sold based on weeks. There are essentially two options with this model:
Points club timeshares work on a completely different system. You’ll receive a certain number of points each year which can be used as currency and redeemed at any resort in your network. As with floating week timeshares, points club models are booked on a first come, first served basis, so your ability to access your desired resort and time period may vary based on the popularity of the location and the time of year you want to travel.
Points club timeshares require an up-front purchase cost, just as other timeshare models. In addition, you’ll be responsible for annual maintenance fees and other costs associated with timeshare ownership. These fees often escalate significantly from year to year.
The primary advantage of a points club timeshare is greater flexibility over your vacation options. You’re not locked into the same resort or the same week each year. Instead, you’ll have access to any resort in your timeshare company’s network. If you purchase a timeshare managed by a large resort such as Wyndham, Marriot, Disney or Hilton, you’ll have a wide range of options available across the world.
In addition to flexibility regarding location and time of year, you’ll have more flexibility with other aspects of your vacation:
Your ability to access this flexibility is based on the amount of points you have. In general, the more points you amass, the more options you will have. Some points club programs will allow you to bank points from year to year, allowing you to save up for a better vacation.
This flexibility often comes at a cost. In order to have all of these options at your disposal, you typically have to purchase a large number of points. This can be quite expensive. In many instances, you may find that the purchase price of all the points necessary for your desired vacation may exceed the cost of a comparable vacation booked independently of timeshare ownership.
In addition, you may experience other challenges accessing your desired resort location and time of year:
While points club systems provide greater flexibility than other timeshare models, you may ultimately find that you still lack the flexibility you desire. These models are often more challenging to navigate than booking a trip to a resort or hotel that is unaffiliated with a timeshare program on the occasions you are ready to plan a major vacation.
While points club timeshares provide a great experience for some people, they aren’t for everyone. If you find that you’re unhappy with your points club timeshare or that it has become a financial burden, you have options. Timeshare Termination Team can help you get out of your contract.
When you own a timeshare, you’re vacationing on the terms set by the resort company. For many people, this isn’t ideal. At Timeshare Termination Team, we believe you deserve to live life on your terms. Our attorney-based solutions have helped thousands of people like you break free of the burdens associated with an unwanted timeshare.
You’ll benefit from our You First Approach™ which prioritizes your needs every step of the way. We know that every timeshare contract is unique and every family’s needs are different. Our team of attorneys will work closely with you to develop a customized exit strategy that helps you safely, legally and permanently cancel your timeshare.
As part of our You First Approach™, you’ll benefit from our Straight Facts Exit Guide™ providing the information necessary to understand your options. You’ll also receive our Step-by-Step Exit Map™ outlining the entire process in detail.
Our timeshare exit process works. We’ve achieved a 100% success rate with our clients. This allows us to offer you an exclusive Money-Back Exit Guarantee™ that provides a full refund if we’re unable to cancel your timeshare.
Please contact us today to schedule a free consultation. Get started on your journey toward freedom from timeshare ownership.
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