I am looking into DVC and I am trying to decided on buying 160 points through Disney or cash purchase of 100 points for resale. I was wondering how does Disney finance works and how much of a deposit will I need to pay?
To be honest a personal loan from a UK bank/lender may be a better way to get the finance and then pay off the balance using a credit card such as Nationwide with no transaction fees.
Claire
Can I just confirm if I have understood right, If we buy while we are there in September we can buy using Disney finance which requires a $500 deposit and then we can pay 30% when we arrive home? Is the 30% minus the $500?
I can then make regular payments using my credit card? Are the payments flexible as I would like to be full paid up in a year?
I am probably going to have a million and one questions before September as I try to get to gribs with it so bear with me.
I paid $500 deposit, they dropped the closing costs and then we had 2 and a half months to pay the rest of the deposit, they extended the deposit period as we said we couldn't afford it otherwise. There is no penalty for paying it off early, I have been making extra payments to try and get it all done quickly. We used the US finance as we don't have a house, plus if we took it out during our holiday they gave us a dsicount as we were staying onsite which worked out as about £2000.
Hi,
our experience seems to be a bit different -
we did the tour - came home and thought about it for a few wks then:
got a $10 discount/pt on 250 points = $2500 then they used this as the deposit
paid the closing costs on a cc and financed the rest through GE money to pay off later this year.
So only paid aprox $350 (whatever the closing figure was)
We also got a $500 giftcard and a Feb use year which suited us.
Hope this helps
Christie