How much does it cost to cancel my timeshare?

How much does it cost to cancel my timeshare?

Before any consumer pulls the trigger on a major purchase, they usually want to know what kind of experience they’re going to be in for. The same goes for financial services like timeshare cancellation. Cost is everything, especially for timeshare owners who feel they’ve already spent their entire life’s savings on a unit they may visit once a year. So just how much does cancellation cost? And is it really worth it?

Questions That Help Your Price Point

Every cancellation will cost a different amount. Unfortunately, there won’t be a flat rate cancellation price because every timeshare owner has been thrown into a different situation with contrasting variables. There are a few questions you should ask yourself that might help you prepare to know whether or not your cancellation will be on the expensive side of things or the more affordable side of the equation. Here’s a few to keep in mind:

Who did I buy my timeshare from?

Every timeshare company treats timeshare cancellation differently. Some are more difficult to deal with than others. One factor that usually comes into play here is the length of time in which it takes for cancellation to be completed. While one company could get back to you and/or your cancellation representative in a week, another management company might take several months. 

Where is my timeshare located?

Just like how we have to be aware of other states’ laws when travelling, we have to be aware of other states’ regulations when it comes to timeshares. If your timeshare is in another state, it could take longer to cancel due to the differing terms of your timeshare agreement. Be sure you know about the location of your timeshare and how it pertains to your cancellation. 

How much do I owe on my loan payment (if applicable)?

This is probably one of the more vital factors. Just like any business or sales team, timeshare companies are much more willing to listen when they’re aware that an owner has already paid off their timeshare mortgage loan. If you still have a monthly payment, it doesn’t mean you’re out of luck though, it just means the process could take longer and cost more. 

Are There Cheaper Ways To Cancel My Timeshare?

The short answer? No. A lot of people seem to think that if they just stop paying their timeshare,  they don’t have to worry about it ever again. Sure, it may be a great option in the moment, but before you know it your credit score will fall and your financial ability will be hindered. 

Another idea timeshare owners tend to throw around is selling their timeshare. The main issue with this solution is that not a lot of timeshare owners sought out their units on their own. Most of the time, owners were on vacation minding their business when a timeshare salesman approached them offering an incentive in exchange for an hour of their time. This is why the timeshare resale market is so rigorous to break into. It can take years and sometimes decades to sell your timeshare. In the meantime, you’ll be stuck paying your monthly bills and annual maintenance fees.

How much does it cost to cancel my timeshare?

Cancellation, however, is a better option because of the higher success rate. When choosing a reputable company like Wesley Financial Group, LLC, you’re going to find that you’re working with a staff committed to making your life much easier. Trying to resell your property could turn into a decade-long process. Meanwhile, terminating your timeshare through an exit company could potentially only take a few months. Not to mention, the satisfaction that you never have to worry about your name being attached to it ever again. 

How Do I Know I’ve Found The Right Cancellation Company?

Just like how job postings have experience requirements, you should have the same when looking for a cancellation company. Knowledge of the industry comes with experience. Timeshare companies can be deceiving, and that’s why it’s crucial that your case specialist knows what he/she is talking about and dealing with. This also comes in handy when you ask for an explanation on certain topics and they’re able to explain in clarity the situation at hand.  And while it is true that everyone has to start somewhere, there’s no reason why you – a timeshare owner – should have to be anyone’s guinea pig. 

You’ve already spent a lifetime’s worth of money on your timeshare. You’re sick and tired of losing money on something that doesn’t give you any satisfaction. So why go through the same pain when it comes to cancelling your timeshare? It should be of your highest priority to find a company that offers a 100% money back guarantee if your timeshare is not cancelled within an agreed upon period of time. While you might be uneasy about spending money on your timeshare’s termination, a money back guarantee program will give you the confidence you need to make that final decision and move on with your life. 

Summary 

Finding the cost of your cancellation is usually pretty easy after you’ve considered the answer to a few questions. When you get in touch with a caring and passionate cancellation company, like Wesley Financial Group, LLC, you’ll be able to go over all of these questions in a free consultation. From there, they’ll make sure you’re qualified before a company vice president reaches out to you to discuss the price of your cancellation and what went into the cost. 
While it might be tempting to try another route, like resale or avoiding payments, you won’t find a more successful option than termination through a reputable cancellation company. Leaving your timeshare in your rearview mirror will give you and your family the peace of mind you need to move forward. To learn more about Wesley Financial Group, LLC and its process of a successful timeshare agreement termination, be sure to visit the company’s website. To hear from previous clients of Wesley Financial Group, LLC take a look at their client testimonials on their YouTube channel.

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