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When you step into your villa at Orange Lake Resort, be prepared to experience the best Orlando has to offer! This family-friendly resort is located right next door to Walt Disney World and features on-site activities for all ages. Spread out in separate bedrooms with space in the living and dining rooms for the whole family. This Award Winning resort is apart of Holiday Inn Club Vacations, dedicated to creating lasting memories for their guests. If you are looking to kick your family vacations up a level, consider ownership at Orange Lake.  Already own one?  We can help you sell your timeshare or rent it out.

Marriott Vacations Worldwide Corporation (NYSE: VAC) and Interval Leisure Group, known as ILG (Nasdaq: ILG) announced a merger today. Marriott will buy the outstanding shares of ILG in a cash-and-stock deal estimated at $4.7 Billion.

The combined company will become the global leader in the timeshare industry, trading under NYSE:VAC.  Further, it will hold over 650,000 million combined owners and seven luxury brands. As a result, this makes it the largest luxury brand for timeshare resorts.

Diamond Resorts Logo

It has been said that change is good, and that’s exactly what Diamond Resorts has done. With their latest announcement, Diamond introduced their new and refreshed brand image. The leading hospitality and vacation ownership company decided to make a few changes, the first one being to shorten their name. Formerly known as Diamond Resorts International, they moved to the simplified Diamond Resorts. Their new brand promise: “Make a habit of breaking from the routine” is part of their new launch. They also put emphasis on helping their members connect to what’s really important, all while enjoying their stay.

Recycle Reduce Reuse: Timeshares are Going Green

The American Resort Development Association (ARDA) recently announced that their members are making a conscious effort to “Go Green”. These six eco-friendly resorts take pride in their community and want to make it a better place.

Franz Hanning, the President and CEO of Wyndham Vacation Club and ARDA Chairman, states in his blog article: “I firmly believe that our industry is a leader when it comes to ‘going green.’ Re-using and recycling to avoid waste and pollution in addition to adding in-unit energy efficient and water-saving devices are at the forefront of new timeshare construction and renovations around the world.” He also states that if eco-friendly resorts continue to incorporate and expand on these practices into the future, it will be the key to the timeshare industry’s success.

Recent studies from the American Resort Development Association (ARDA) show that timeshare sales are up globally and in key markets. New York, Miami, Los Angeles, Orlando and more are seeing greater vacation ownership sales according to this timeshare industry overview. Timeshares resales are also experiencing a dramatic upswing, along with increased occupancy rates, and more families interested in the vacation ownership model.

The timeshare industry is seeing a coming-of-age scenario with companies attracting younger, more educated, more affluent buyers because of consumer changes. The industry continues to make vast improvements, becoming more consumer-friendly and more transparent, largely from major hospitality chains such as Wyndham, Hilton, Hyatt, Ritz-Carlton, Starwood, and Four Seasons.

Timeshares Only and Fidelity Real Estate have proudly teamed up with ARDA (American Resort Development Association) to successfully get a house bill signed by Gov. Henry McMaster of South Carolina. The bill will create greater safeguards for timeshare owners. The law defines vacation timesharing plans and includes consumer protection provisions. Effective immediately, this law will address deceitful business practices in the timeshare secondary market.

Timeshare owners who want to sell their vacation ownerships often realize that getting rid of a timeshare is much trickier than acquiring one. After all, if you purchased your timeshare directly from the developer, the sale was probably just a matter of signing on the dotted line. Timeshare resales aren’t quite that simple, and there are many misconceptions about how they work.

Financing your next timeshare may not be an obvious option. However, paying cash up front may not be the best financial decision. Once you read the best reasons to finance your next timeshare purchase, you might reconsider the benefits of buying. We’ve mapped out all the details you need to know.

Why Financing is Preferable

Having cash in hand is great if you are able to afford it. However, many families scrimp and save for several months or years to pay for their timeshare.  If saving is difficult for you, it might be a viable option to finance.

Financing allows buyers to spread out their timeshare costs instead of parting with all of their funds at once. By financing, pay a hefty chunk or as little as 20% of the purchase price as a down payment. Wiping out savings is ill-advised.  It’s a much wiser decision to leave an emergency fund in your savings account for unexpected costs that sometimes arise.

Buyers that finance can use some of that cash to actually go on vacation and enjoy their new purchase. It’s called “balancing the fun with the funds.” Why pay $10,000 today for 10 years of future accommodations when you can pay $1,000 each year (plus a small amount of interest) for ten years? Not to mention enjoying the same accommodations for that same amount of time.

Financing will allow you to get the vacation package that you otherwise can’t afford upfront.  You can have your choice of premium accommodations and best seasons more suited for your family’s lifestyle. Rather than settling and trying to upgrade later, financing a timeshare will open up more options.

This doesn’t mean taking on a bigger loan that’s not as affordable.  Your resale broker can provide you with options and price ranges on vacation ownership best suited for you.  Use this easy payment calculator here: https://www.vacationclubloans.com/rates-calculator/ to see prices vs. down payments. Pick the one that you are most comfortable with, without stretching your budget.

Timeshares Are Not Investments

Although timeshares depreciate in value, investing in your family’s happiness is priceless.  If you are planning on vacationing as often as your lifestyle and career allows, purchasing a timeshare is a great choice.  It’s well known that the superior accommodations over hotels will bring many happy memories, while also avoiding the discomfort of sharing small spaces with little amenities.

We purchase assets that depreciate all the time, like a car for example. If you are comfortable with the fact that a vacation is an expense just like a car payment, why not save cash and finance the larger purchases?

It’s implied in the “cash only model” that all debt is inherently bad. This is not completely true.  Paying cash for everything wouldn’t build a healthy history of credit, which can actually hurt in the long run. Having good credit when applying for car insurance or a loan can verify you are responsible and able to follow through on your commitments.

Financing a timeshare purchase can actually help increase your credit score.  By using a lender that reports to credit bureaus you can benefit from making payments on time.

Regardless of the price and down payment you choose, make sure your loan does not have additional monthly fees or a prepayment penalty. These add to the cost and can erase all the savings you made on the original purchase.  You should be able to make your monthly payments on just the principle and interest.

Contact www.vacationclubloans.com for a free credit evaluation and quote if you would like to learn more about financing your next timeshare purchase.