When it comes to name recognition in the travel industry, Wyndham has plenty of it to go around. That applies to their various types of properties, including the Club Wyndham division of timeshares. If you are offered an opportunity to purchase a Wyndham timeshare, you might think of it at first as a great opportunity.
But is that really the case? Should you be excited about the chance to own a Wyndham timeshare, or should you think twice before making this kind of purchase? We’d like to help you make an informed decision by going through some important points in the article below. The decision is yours to make in the end, but we want to make sure you have all of the information you need to make a smart choice.
If you happen to be a current timeshare owner who is looking for a way out, we can help on that front, as well. Specifically, we have a resource of the best timeshare exit companies that you are welcome to review. Getting help from experienced industry professionals might be exactly what you need to finally move on from the ongoing expense of a timeshare that you no longer wish to own.
Wyndham Timeshare Pros and Cons
Looking at general pros and cons is a good way to approach any prospective purchase. No matter what it is that you are thinking of buying, weighing the plusses and minuses can help you get your head in the right place to decide if the purchase is worth your money. Rarely is something all good or all bad, so it’s important to weigh the pros and cons against each other before deciding how to proceed.
It’s the flexibility of a Wyndham timeshare that is often seen as the primary benefit of going with this brand. As an owner with an allotment of points to use, you’ll have the opportunity to pick from a range of properties each time you head out for a vacation. So, rather than needing to visit the same place over and over, Wyndham gives you the chance to see many different destinations.
Getting to travel to many different places sounds great, but as you might be suspecting, rarely is it actually that easy. Unfortunately, there are some meaningful cons to consider in this situation as well, such as those we’ve highlighted below.
It would seem like being an owner of a timeshare would allow you to save money over time on travel expenses. After all, if you don’t have to pay each time you rent a place to stay, the savings should start to add up eventually. That really isn’t how it plays out in the real world, however. First, you have the significant investment you have to make upfront, whatever that number turns out to be. Then, you add in the ongoing maintenance fees that you’ll be required to pay. In the end, it’s unlikely that you’ll save at all, and you may even wind up paying significantly more for vacation experiences that you could have had by just booking one trip at a time as a guest.
Limited Access to Great Properties
The portfolio of properties held by Wyndham and included in their timeshare program is impressive, to be sure. Anyone would love to travel to many of these beautiful locations with friends and family, and it’s easy to see how great memories could be made on such trips. The issue, however, is with the access that you’ll actually have to these destinations. This is something you’ll never hear about during a sales presentation, but it can be quite difficult to secure a desirable reservation at one of the best properties in the portfolio, even if you plan well in advance. Without being able to book a trip at some of the top resorts in the collection, your experience as an owner will be significantly downgraded.
In addition to problems like access to the best properties and the cost of ownership, there is also the long-term commitment that you are taking on that needs to be considered. Becoming an owner gives you some rights – the ability to book vacations through your account – but it also comes with responsibilities. You are required to keep up with the maintenance fees that are required of owners as the years pass, and you won’t have any flexibility on that point. Given the difficulty of selling a timeshare once you decide you’d like to exit, buying a timeshare is a choice with long-term implications.
Wyndham Timeshare Complaints
If you take some time to search the web for reviews and comments from people who have previously interacted with Wyndham, you might find a troubling trend. To be fair, this trend seems to apply across the board to timeshare companies, regardless of brand. Complaints are common in the world of timeshares, and a look at the Better Business Bureau page for Wyndham Timeshares can help you get a grasp on what it is that people are upset about.
It’s common for people who have been through a Wyndham sales presentation and then later made a purchase to complain about being deceived in that presentation. They often feel that what they were promised isn’t what they ended up receiving, and some of those complaints are represented on the pages of the BBB website. While there are well over 1,000 reviews on the BBB site alone to review, we’ve grabbed a couple of screenshots below to give you an example of the issues some people are reporting.
Is Wyndham Timeshare a Good Investment?
In addition to the fun that you imagine yourself having on a vacation to one of the many Wyndham properties, you might also be thinking about turning a nice profit on your ownership of this timeshare. If you can have fun along the way and then sell it for more later on, it’s a win all the way around – right?
That would be great, but it’s unlikely to become your reality. Instead, what’s more likely is that you will pay maintenance fees year after year only to use your timeshare sparingly and then find it isn’t worth anything when you want to sell. A Wyndham timeshare is unlikely to be a good investment because you will find the second-hand market flooded with owners trying to offload their timeshare for pennies on the dollar. Many owners will be happy to sell to absolutely anyone who is willing to sign the paperwork and take over the obligation of the maintenance fees.
If you are still thinking of purchasing a timeshare from Wyndham or any other brand, don’t do it for the investment potential. Time and again, timeshares have proven to be a poor investment, so you don’t want to bank on that trend turning around in time to bring you a profit.
Is Wyndham Timeshare Worth It?
There are too many negatives piling up when looking at the experience of owning a Wyndham timeshare to see it as being worth the investment that it requires. You can look at the list of cons from earlier in this article as a starting point, along with the various complaints about the experience of timeshare ownership that comes from others you have been through it. Also, the unlikely nature of this turning into a positive investment only adds to the reasons that you should be hesitant.
When comparing owning a timeshare to simply paying for vacations when you want to travel, taking the one-trip-at-a-time approach tends to offer better value for most people. There is no long-term commitment traveling this way, so there is a flexibility with that approach that just doesn’t exist in the world of timeshares. To avoid being locked into an ownership agreement that might not work out for you in the long run, sticking with this mode of travel could work best.
Wyndham Timeshare Lawsuits
A quick web search will reveal that there is nearly always some type of active litigation against Wyndham Timeshares. Much of this action is on behalf of disgruntled owners who feel they have not received what they were promised when first purchasing their timeshare. The promises made in sales presentations often come up short in the real world, and some people decide to pursue legal action in order to get out of the timeshare or to receive compensation. The volume of lawsuits that are seen against Club Wyndham and other timeshare groups should cause prospective buyers to proceed with considerable caution.
Can We Serve You?
Getting out of a timeshare can be a tricky task, but it isn’t impossible. Fortunately, you don’t have to go into this battle alone. Reach out today at 833-416-8796 to learn more about the services that might be able to get you out of your timeshare once and for all. You can also use our live chat feature or fill out our form to get in touch. Let’s get started on this important task right away!