Timeshare resale advertiser BuyaTimeshare.com has announced an agreement to include direct links on its website to specific financial companies willing to provide financing for timeshare resale purchases.
Lack of financing for the resale market has often been seen as a barrier to entry for some buyers, and a competitive disadvantage for resellers compared to vacation ownership developers offering finance options for products sold through their resorts. Now, timeshare buyers looking to purchase on the secondary market have financing options to explore when looking to buy resale.
“Resale buyers who didn’t want to make cash purchases were primarily forced to use credit cards as a means to finance their purchase, dealing with the high interest rates that come along with those cards,” said Wesley Kogelman, President and CEO, BuyaTimeshare.com. “Now with the options we have available on our website, vacationers can buy a timeshare with a fixed interest rate as little as 5.99 percent.”
The providers included on BuyaTimeshare.com’s timeshare financing page at http://www.buyatimeshare.com/timeshare-financing.asp for U.S.-based residents are:
- First State Bank of the Florida Keys – with financing currently available for timeshares at select Florida and South Carolina resorts.
- Lightstream – a division of Suntrust Bank with financing available for any timeshare anywhere in the world.
In addition to the above providers, BuyaTimeshare.com also has included a link for Canadian-based buyers to:
- Crelogix – a trusted name in Canadian consumer financing since 1974 with options for Canadian residents to buy on the resale market.
“The median price of a timeshare bought on the secondary market is $5,125 according to ARDA, which is significantly less than the average resort sales price of $20,460 but is still a substantial purchase.
“We’ve seen the need for vacation ownership resale financing for a number of years and we are very pleased that these providers have created these new products. We look forward to connecting buyers with these providers and making it easier to buy timeshare at a discounted rate on the secondary market,” added Kogelman.
To find out more about BuyaTimeshare.com, please visit http://buyatimeshare.com or phone 800-640-6886.
BuyaTimeshare.com is an internet advertising and marketing company for owners who seek to sell or rent timeshare. The company has been in business since 2000 and was ranked by Inc. Magazine as one of the fastest-growing, privately held companies in the country—making the prestigious Inc. 5000 list in 2010 and 2011. BuyaTimeshare.com was also listed as one of BusinessNH Magazine’s Top 10 Companies to Watch in 2009. The company is a Trustee Member of the American Resort Development Association (ARDA), on the Board of Directors of the Canadian Resort Development Association (CRDA), a member in good standing with the Mexico Resort Development Association AMDETUR, Cooperative Association of Resort Exchangers (CARE), U.K.-based TATOC the Timeshare Association, and is a preferred resale provider for the National Timeshare Owners Association (NTOA). For more information, please visit http://buyatimeshare.com or call 1-800-882-0296.