Here's an Idea! Donate Your Timeshare and Avoid the Timeshare Money Pit

If you think Donate Timeshares is a bad idea, you may want to look at some of the value figures concerning keeping your timeshare. Buying a timeshare is a lot like buying a car; it's going to start losing value as soon as you receive the keys. The average new car will lose fifteen to twenty percent after the first year. Beyond the first year, you're looking at a roughly ten percent loss each year. If you apply for credit and have a four year loan, by the time you own your car outright; it may be worth half as much as you paid for it. 

A timeshare normally doesn't hold up in value either. Over time, a timeshare can depreciate by as much as 75 percent depending on location and upkeep of the timeshare. Many timeshare resorts are notorious for not keeping up with repairs and allowing properties to become disheveled. If a timeshare is not well-kept, this could greatly reduce the value of the timeshare in the long run. Even if the timeshare is kept in pristine condition, you will not get your money back.

Moreover, the price you pay for your car or timeshare does not end with the sticker price. A car costs money in gas, insurance, and upkeep costs. You will end up paying thousands of dollars each year just to operate your car. The same rings true to owning a timeshare. You will have to pay maintenance fees, special assessments if something goes wrong, as well as travel and miscellaneous costs. You may end up paying thousands of dollars on all of these costs as well. Given all of these costs associated with owning a timeshare, does Donate Timeshares still sound like a bad idea.