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Most timeshare owners have no idea what they're actually spending per night, per year, or over the lifetime of the loan. Use the calculator below to find out — then decide if it's still worth it.
The calculator below gives you the true picture — but only if you use accurate numbers. Pull out your original contract and your most recent maintenance fee statement. The numbers on those documents are the ones that matter.
Most owners are surprised. The per-night cost almost always exceeds what they would have paid booking the same room directly.
Fill in your numbers on the left and submit to see your real costs below.
The difficulty of booking, the rising fees, the restrictions — none of it was discussed when you signed. Here's what most owners find out after the fact.
The average maintenance fee increases 3–5% annually. What costs $1,100 today will cost over $2,000 in 15 years — whether you use the timeshare or not. You are obligated to pay regardless.
Most of our clients find that the timeshare company is advertising rooms during the weeks they can't get a reservation — at rates far below what they're paying to "own." Seeing is believing.
Most timeshare contracts are perpetual — meaning you own it for the rest of your life, and it often passes to your heirs. You are not renting vacations. You are taking on a lifetime financial obligation.
As an "owner," you can be charged for major renovations, storm damage, upgrades, and other costs that the resort passes through to owners. These are in addition to your maintenance fees.
Timeshare companies routinely change point requirements for popular destinations and peak weeks. The purchase that got you a week in a preferred location may not do that in five years — encouraging you to "upgrade."
Timeshare loans carry interest rates of 14–20% — far higher than a home mortgage or car loan. Over the life of the loan, most buyers pay two to three times the purchase price in interest alone.
When they were attending the sales presentation, the difficulty of booking a vacation was never discussed. After the purchase they find the process difficult and restrictive. They want to travel free of the timeshare company's availability issues.
What most have found is that although they are unable to obtain a reservation, the company that owns their timeshare is advertising rooms during the time they want to use it — at rates much less than they are paying to "own."
O'Grady Law Group has been helping timeshare owners get out of contracts that no longer make financial sense — or were never fair to begin with. Your first consultation is completely free and carries no obligation.
One call with a licensed attorney, and you'll know exactly what your legal options are.