Timeshare renting is a great way to save on vacations

Dying to go on vacation but short on money? Consumer Reports ShopSmart says time-shares offer a real bargain, but not buying a time-share, renting one.

That's because there's a glut of time-share properties for rent these days, and owners are eager to negotiate.

Caryn Alexander says the vacation time-share she and her husband purchased has allowed her family to take some great trips together.

"I like to try different experiences. I think that's what makes vacation fun," Alexander said.

But Consumer Reports ShopSmart says these days you don't have to buy in order to enjoy what many people like about time-shares  resort facilities, a lot of room, including a kitchen and living room, in exotic locations.

"In this economic downturn, time-share owners are anxious to rent. So you can negotiate a really good deal. We found some as low as $400 a week and many in the $600-$1,200 range," said Mandy Walker, Consumer Reports.

Some good sites to check are My Resort Network, which is free, as well as Timeshare Users Group and RedWeek.com, which charge a membership fee of $15 a year for full access.

"The sites we checked out have plenty of rent-from-owner listings and are categorized by location and even activities, like skiing or golf," Walker said.

Be sure to check out reviews of the resort where the time-share is located, either on the rental sites or on free travel sites like Trip Advisor and Travelocity.

"Keep in mind that most time-shares require at least a weekend and sometimes a week-long booking," said Walker.

But with a few clicks of the mouse, getting in a getaway this year just may be within reach.

When you're looking for a time-share rental, Consumer Reports says check out prices for comparable properties. That puts you in a better position to negotiate. And don't forget to ask the owner about what amenities are available, including restaurants, and if you have to pay extra for housekeeping.