Fidelity Resales Blog

How to Finance a Timeshare

Posted by Mia Reid on Sep 9, 2020 2:45:00 PM

Say what?! You can finance a timeshare? Most people might not expect to easily get financing on a timeshare, but this is actually a misconception. Our friends at Vacation Club Loans offer financing with low rates, no pre-payment penalties, and easy approval process.

Should You Finance a Timeshare?

Most people finance their primary homes, cars, furniture, and now even smartphones. For those that vacation regularly and strive to make amazing memories on family trips, timeshares are an ideal fit. While some people say you shouldn't finance something if you can't pay for it in full, it's at least important to know the option is out there.

Vacation ownership can bring years of memories in top resorts, with the best hospitality brands, and without breaking the bank on a lifetime of vacations. What's more, the timeshare resale marketplace can save families even more, with contracts sold at less than a fraction of the price.

Buying directly from a developer has its perks, like exclusive benefits or extra flexibility. However, it can cost thousands more to buy directly from the top vacation clubs. It's ultimately up to you if you should finance your ownership. Keep in mind, however, that financing a timeshare resale can make your vacations that much more affordable.

How to Finance a Timeshare Resale

The first step is deciding on what vacation ownership will fit best with your travel lifestyle. Are you interested in spending the same week at the same resort every year? Are you looking for a little more flexibility than that? Beaches or mountains? Family-friendly or weekend getaways? Points or weeks? These are all important questions to consider when you’re on the market for a timeshare resale. There is something for every travel style, so you want to make sure to find the perfect fit. If you don’t love it, you might not find it worth the effort to obtain financing on a lifetime of vacations.

Find the Right Timeshare Lender

vacation club loans how to finance a timeshare

This is a huge step. With all the fishy happenings in the secondary market, you want to make sure you find a licensed, reputable lender. Timeshare financing lenders like Vacation Club Loans offer fast loan approval, low-interest rates and no hidden fees. They are also proud members of the American Resort Development Association (ARDA), adhering to a strict code of ethics and guidelines to provide timeshare consumers the utmost care and guidance.

VCL’s annual rates start at 9.9% for Disney Vacation Club resales, 11.9% for Marriott, Hilton, Hyatt and Westin, and go up to 13.9% for all other brands. Depending on your credit, you can have the timeshare resale of your dreams! All you pay up-front is a 20% down payment and VCL will take care of the rest.

How Easy is it to Get Financing On A Timeshare?

As long as you have good credit, you might find it pretty easy to get financing on a timeshare! Having good credit means you’ve paid bills on time, without missing any payments and have a healthy history of credit. Timeshare lenders like Vacation Club Loans offer easy, fast online approval. All you have to do is find the timeshare you want to buy and apply for financing on our website!

Can I Finance a Timeshare With Bad Credit?

With just a 600 FICO, VCL will approve your loan application with up to seven-year terms. Not to mention, your debt will be confidential. VCL does not report to any credit bureaus, but they will need to retrieve your credit score before approving a loan.

Vacation Club Loans is easy and simple. You can get estimated payments on their website based on the loan amount, brand you wish to buy and your credit score. If you are happy with the results you get back, consider applying online. Vacation Club Loans offers fast loan approval so you can get started taking your dream vacations.

Browse Timeshares for Sale

Ready to buy a timeshare resale? Browse our timeshares for sale online now from top brands like Disney Vacation Club, Marriott Vacation Club, Hilton Grand Vacations, and more.

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Topics: Timeshare Resale, Finance