We Just bought last night over the phone. We were asked to put $1500 down plus 210 closing costs for 150 pts. She asked for a credit card so we could be a member asap. It took 10 mins on the phone. She said the packet will come next week for us to sign the forms mail it back but as soon as we recievd the papers we could make ressies.
We really think it was worth it. We go down at least once ayear. We had made resssies for the last week of Feb. at POR during their special and the hotel alone was $1200.
Good Luck!
Disney is pretty flexible about the size of the deposit -- at least it appeared that way to me. The financing rates were not that great IMO. We financed for 10 years at 10.75% knowing that we could increase our payment and/or pay it off at anytime.
Our first payment was in Aug 2004 and I just paid off the last $1000 on Dec 29th. I made small lump sum payments throughout anytime I felt we had extra money available.
This is what we did- it's 50% down and 4.95% for 1 year. I get a higher rate than that in my savings so it makes it a pretty painless way to finance. We got 160 points at ssr- our cl.costs were under 200 and our monthly pmt will be around $550.I think there is a 50% down option at a low rate (around 4.5-5%) but they will only do 1 year on that.
Closing costs are for new purchasers only, not existing members.When did disney start adding closing cost? I have added on 4 times and never have had any closing cost.