Financing through Timeshare Store

[cobbler]

Does anyone know the detail on financing through the timeshare store, down payment, interest and length of loan?

Just curious how they compare with financing through Disney.

[tjkraz]

I don't know the exact terms but I recall them being comparable to Disney's direct financing. IIRC it was around 12-14% with 10% down. I'm sure someone will chime-in with the details.

One thing to bear in mind is that the lender does not secure the note by any property, meaning that the interest is not tax-deductible. When you finance thru DVC the loan is written as a mortgage against the DVC deed. When written that way, many US taxpayers can deduct the interest on their 1040. But that wouldn't be the case with a loan thru the company TTS works with.

[jackskellingtonsgirl]

10% down

If paid by auto-draft:
36 months & 60 mos. - 9.96%
84 mos & 120 mos - 10.96%

If paid with coupon book:
36 & 60 mos. - 11.26%
84 & 120 mos. - 12.26%

[cobbler]

Thanks for the info, I was just wondering how it compared. I don't plan on financing anything any time soon though :)