There are times when someone may refer to a previously owned timeshare as a “used timeshare”.
But you need to be sure not to confuse that term with a term like “used car” and all that implies. A “used car” has been owned by one person, may have problems lurking in the engine or transmission, and has not necessarily been looked after by a mechanic.
What you get when you buy a timeshare on the resale market is virtually indistinguishable from what you would get when you buy a timeshare from the resort.
Except for the price.
And the price is the big driving factor that is pushing sales of timeshares by owners higher each year. Owners who have become weary of paying the annual fees for a vacation they cannot use are very motivated to unload their timeshare. They will almost always drop their price significantly, knowing that by doing so they also eliminate the annual fees that also increase annually.
So what do you get when you buy a “used timeshare”?
99 times out of 100 you get the same exact usage rights to the resort, all the amenities and facilities they offer, and the fringe benefits that come along with timeshare ownership. And yes, that includes the maintenance fee. But if you have paid as much as 50% off the going rate for your dream vacation timeshare in a destination you absolutely adore, the fees are easier to bear.
Top financial advice writers even tell their readers that if they are going to buy a timeshare, they need to buy a timeshare resale in order to get the best deal. It could save you many thousands of dollars.