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Old 01-12-2013, 11:57 PM   #32
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Originally Posted by MichiganDVC View Post
Point is, how many people can really buy, with cash in hand, a 160 point resale contract at AKV? That's $13,000 roughly. OR...they can finance $22,000 for those same points for up to 10 years.
Originally Posted by JimMIA View Post

So essentially, your strategy is to purchase at more than double the price, and then finance at a higher interest rate than is available elsewhere -- possibly 10% higher?

Why? Because you want it?
What's surprising to me is the poster's open admission that they are paying double AND financing. Typically the justifications don't ever address this difference in cost. People buying direct and financing are not paying $22,000, they are paying $307 a month with 10% down. We all know that this is the salespeople's way of getting potential buyers to ignore this significant price discrepancy. In those cases it's helpful to point out the real numbers and the fact that one would most likely be paying triple the cost of resale over 10 years. More times than not this sparks some kind of realization and perhaps even a change of heart. But when someone admits knowing that ahead of time and still wants to proceed, I think all we can do is wish them luck. And yes, maybe do this...
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