Disney finance questions?

[wideeyes]

Originally Posted by paulh

min points alocation from disney you can buy is 160 points,unless it an add on. if you add on you usaly get the same use year as which you allready have.
As for buying you can take any which are availabe.at SSR most are sold out(due to sell out soon)at AKV you should be able to get any you wanted
Paulh

you can buy a 100 min points at AKV at the moment through disney. Very good deal on, hope it is still on in september as not sure if we will have any luck with SSR if it is almost sold out.

[wideeyes]

Originally Posted by Cerigirl

If you bought 100 points at AKV on finance - do you get to choose your use year??? We are in the process of buying Vero Beach - 75 points, with a December use year. It is now at ROFR stage. If it goes through and I would like to add on when we visit in November this year (don't tell hubbie!!) could I choose a December use year to match the VB contract? That way, i would get all of my points together, which would make planning easier??

Oh - and is it secured on your home, if you take out GE finance and do they take on slightly bad credit??? we are not awful with credit, but have had a few late payments, but never on the mortgage.

From previous posts on this thread it seems quite confusing if it is secured on your home or not, some people have said they had to go through Disney finance as they don't have a home and others have said they got GE finance without owning a home.

I am going to go through Disney to avoid the credit check and having a big debt on my file.

[Cerigirl]

Originally Posted by paulh

min points alocation from disney you can buy is 160 points,unless it an add on. if you add on you usaly get the same use year as which you allready have.

Disney are now offering new contracts at AKV starting at 100 points!!!!!

[paulh]

Originally Posted by Cerigirl

Disney are now offering new contracts at AKV starting at 100 points!!!!!

Paulh

[wideeyes]

Originally Posted by Cerigirl

Disney are now offering new contracts at AKV starting at 100 points!!!!!

What is so funny?

[Cerigirl]

Not funny - just happy and rolling with joy that I may be able to afford AKV now they have 100 point contracts!!!

[wideeyes]

Originally Posted by Cerigirl

Not funny - just happy and rolling with joy that I may be able to afford AKV now they have 100 point contracts!!!

lol, okay I thought I was missing something. It is exciting isn't it, I can't wait to buy now.

[Tinker74]

Hi...havent ypu already got like 4 trips booked or something..?..will you lose your deposits if you cancel and go the Dvc route instead?
I think i remember you had Beach club booked or was it grand floridan?

Also..how many points are you thinking of?..I think you'll only need studios for you and your dd..so you could probably have fantastic 2 weeks a yr holidays with as little as 120 points or so.

Remember though with flights going right up recently the accomadation is no longer the most expensive part of the holiday...so you will be commiting to a big out lay for your flights each yr..(of course you could always rent your points if you decide not to go).

[wideeyes]

No, I have two trips booked to WDW and one to DLRP, I have one trip this year for September which is already paid for, and I have booked a hotel next year at Yacht Club which is no big deal to cancel as only a small deposit compared to the cost of the hotel, I may not cancel yet anyway, will decide when I get back from WDW in September. I will not be canceling the DLRP trip at all. I am thinking about getting the 100 min points at AKV at the moment and then get a small add on at another resort at a later date through resale.

[Cerigirl]

I am confused too about the homeowner thing, as we have a home and a mortgage, but also a small loan on the side of that mortgage, so we wouldn't be able to tag another one onto our home equity - right? I called my guide and she said that you needed a home - but she wasn't sure if it was used as security??? Gosh I am quite

I would love to go ahead and do it - but I am worried about getting locked into a loan secured on my house and being declined as there is no room for another loan on the property - get my drift???

[Cerigirl]

I have just called GE and they have told me that it is an Unsecured loan - so no house needed!!!! Guess it may be secured on the points you buy!

[jen_uk]

Originally Posted by Mrs Hobbes

Just wanted to say read the finance details carefully. DH and I bought into DVC in December, we used the available finance, planning to clear it this year from various sources.

However we found out that if we clear our loan then we have to pay back almost as much as we borrowed in fees etc. So we are now stuck with our loan for 10 years. It isn't a big monthly payment and it kept our money available for other things but it is irritating none the less.

Lesson - always read the small print

After we joined up I rang member services and spoke to someone in the finance dept and asked whether there were penalties for paying off quicker and they said there weren't. Plus when I go onto my DVC net, on my loan page it has the amount still owed and then below that it has the amount it would cost to pay it all off and it is only $30 more.

[doverfox]

jen
i dont think they lied to you, i think you will find it is the interest added to the principle that makes the difference depending on your loan ammount and interest rate our difference is $51.10
dave

[doverfox]

jen
i dont think they lied to you, i think you will find it is the interest added to the principle that makes the difference depending on your loan ammount and interest rate our difference is $51.10
dave