Well, I’ve had RCI for 7 years. Don’t ask why. I couldn’t give you an answer. I have only been able to trade twice. Both times the trades were more business related than pleasure and financially, it made sense.
I have NEVER been able to trade to a property when I want or where I want. I’ve tried everything. Everything that I’ve been told ( by sales people ) are outright lies.
Unless you want to pay big bucks for prime locations and prime weeks, don’t believe any of the sales pitches from those trying to sell you a time share. ( and if you really want to pay up, you’d be better served just buying a condo somewhere ) This INCLUDES the Disney Vacation Club. Logic would have it that EVERYBODY wants to go to Disney and trading is, and I quote “never a problem”. Until it is.
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When we bought they talked us into buying in March, which was red and cheaper then the month we wanted (which was August – also red). We paid close to 20,000 dollars. The salesman promised us that every year we will be able to exchange for August the month we actually wanted.
It was ok for a couple of years. Now they downgraded the weeks timeshare and no longer can give us a week in August, which the salesman knew was the only month we could go.
Now they are threatening to ruin our credit rating if we try to walk away and not pay the maintenance anymore. They are also willing to rent us a week in the month that we are asking to exchange for, and they want us to pay for the week and the maintenance.
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1. Direct Exchange
The most basic, and cost-effective, way of exchanging timeshare is owner to owner. This requires finding another timeshare owner willing to exchange their week for yours. Once an agreement has been made between both parties, you would each notify the resort and obtain a guest pass for the party staying in the timeshare during your scheduled week. The best ways to find parties interested in direct timeshare exchanges is by using websites like Craigslist, Timex and Timeshare Forums, or using your own personal social networks.
2. Exchange Through the Resort
Some resorts offer an exchange program within their particular group of resorts. There are a number of smaller, independent resorts that take part in this type of program, although it is not always advertised. Many timeshare management companies will offer this benefit as part of there management services in order to avoid a high turnover rate within their resort. The fees associated with this type of exchange are usually minimal because you are staying within a select group of accommodations, and tend to cost less than a timeshare exchange company’s fees.
3. Timeshare Exchange Company
Timeshare exchange companies allow you to “bank” your week with them, and in exchange you get to choose from their inventory of weeks that other timeshare owners have banked. You also have the opportunity to use points within this system, being able to stay at certain locations based on the amount of points you own. Also, outside resorts will bank there unsold timeshare weeks with exchange companies to increase their inventory. Your week and room size will determine your trading power with the exchange company. The most popular exchange companies are II (Interval International, RCI (Resort Condominiums International), Marriott and Disney.