If you attend a timeshare presentation at the Grandview at Las Vegas resort, and decide to purchase a timeshare, your price will be different depending on what stage of the sales pitch you ultimately gave in. If you decided to buy while you were still with the initial salesperson, you can expect to pay anywhere between $10-$20,000, depending on the size of the room, years you have the right to use (whether it is every year, every other, every third, etc.), and depending on your negotiation skills. If you held out until you were passed off to another, upper-level salesperson, you can probably get a timeshare for $5-$10,000, again depending on the room size and if you have the right to use the timeshare each year. And finally, if you are able to hold out until the last person, the one who is supposed to give you your show tickets/check and send you on your merry way, you may be able to get out of there with a timeshare for under $7,000. Is it worth it?

• First, let me make the point that timeshare is only good if you plan to take vacations. Vacation ownership does nothing for people that do not plan to take trips.

• Second, if you want to purchase a timeshare, and are convinced it is something you will actually use and get enjoyment out of, buy on the resale market. Buying directly from the developers at a timeshare presentation is not a good way to get a good deal on vacation ownership. The final price the salesperson gives you, before they actually allow you to leave, is still going to be much higher than you would be able to buy that same timeshare for on the resale market.

• Third, it is never a good idea to purchase timeshare and use financing to pay for it; which is another reason why the timeshare resale market is appealing to so many. Making payments on a timeshare means you are going to end up paying high interest rates, and prolonging the amount of time before you are actually “in the black” with your vacations.

Below are some calculations to give you a better idea of how long it will take for you to see some return on your investment depending on how much you initially paid for your timeshare, also taking into consideration maintenance fees and RCI annual dues. This are calculations for RCI weeks members, points are not taken into account. Basically these numbers compare what you would spend on the room outside of RCI vs. owning the timeshare week through RCI, and how long it would take you to “pay off” the timeshare, i.e. point at which all you are spending each year is the maintenance fees and RCI membership costs.

Calculations for the Grandview at Las Vegas timeshare, for a 2 bedroom unit with right to use every year, using the current value for a night at the Grandview $300 for the entire two bedroom suite per night, as posted on TripAdvisor. A stay is defined at 7 days and 6 nights. Estimates do not include interest payments made on principal balance.

Purchased for $25,000 - Maintenance fees $500 a year - RCI Membership $89 a year -

$25,000 = 13.9 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

13.9 years of maintenance fees +RCI Membership = $8187.10

In between 15-19 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $20,000 - Maintenance fees $500 a year - RCI Membership $89 a year -

$20,000 = 11.1 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

11.1 years of maintenance fees + RCI Membership = $6537.90

In between 14-16 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $15,000 - Maintenance fees $500 a year - RCI Membership $89 a year -

$15,000 = 8.3 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

8.3 years of maintenance fees + RCI Membership = $4888.70

In between 10-12 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $10,000 - Maintenance fees $500 a year - RCI Membership $89 a year -

$10,000 = 5.6 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

5.6 years of maintenance fees + RCI Membership = $3298.40

In between 6-8 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $5,000 - Maintenance fees $500 a year - RCI Membership $89 a year -

$5,000 = 2.8 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

2.8 years of maintenance fees + RCI Membership = $1649.20

In between 2-4 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $1,000 - Maintenance fees $500 a year - RCI Membership $89 a year =

$1000 = 0.5 years of 1 week vacations at the Grandview Las Vegas @ $1800/week

0.5 years of maintenance fees + RCI Membership = $294.50

During your first year you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Calculations for the Grandview at Las Vegas timeshare, for a 1 bedroom unit with right to use every year, using the current value for a night at the Grandview $150 for the one bedroom suite per night, as posted on TripAdvisor. A stay is defined at 7 days and 6 nights. Estimates do not include interest payments made on principal balance.

Purchased for $25,000 - Maintenance fees $300 a year - RCI Membership $89 a year -

$25,000 = 27.8 years of 1 week vacations at the Grandview Las Vegas @ $900/week
27.8 years of maintenance fees +RCI Membership = $10,814.20

In between 35-40 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $20,000 - Maintenance fees $300 a year - RCI Membership $89 a year -

$20,000 = 22.2 years of 1 week vacations at the Grandview Las Vegas @ $900/week

22.2 years of maintenance fees + RCI Membership = $8635.80

In between 28-32 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $15,000 - Maintenance fees $300 a year - RCI Membership $89 a year -

$15,000 = 16.7 years of 1 week vacations at the Grandview Las Vegas @ $900/week

16.7 years of maintenance fees + RCI Membership = $6496.30

In between 20-24 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $10,000 - Maintenance fees $300 a year - RCI Membership $89 a year -

$10,000 = 11.1 years of 1 week vacations at the Grandview Las Vegas @ $900/week

11.1 years of maintenance fees + RCI Membership = $4317.09

In between 14-16 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $5,000 - Maintenance fees $300 a year - RCI Membership $89 a year -

$5,000 = 5.5 years of 1 week vacations at the Grandview Las Vegas @ $900/week

5.5 years of maintenance fees + RCI Membership = $2139.50

In between 6-8 years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

Purchased for $1,000 - Maintenance fees $300 a year - RCI Membership $89 a year =

$1000 = 1.1 years of 1 week vacations at the Grandview Las Vegas @ $900/week

1.1 years of maintenance fees + RCI Membership = $427.90

During your first one to two years you will be “in the black” and only paying for maintenance fees/RCI membership costs for your vacation.

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