DVC RESALES
DVC RESALES

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Old 02-08-2007, 10:02 AM   #1
mtakac
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Disney Vacation Club Financing?

Does anyone know what the current rates are if you finance through Disney? Or could you point me to the right thread? Thanks!
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Old 02-08-2007, 10:26 AM   #2
FamilyGuy
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Ours was @ 9.75%, 5yr term a couple of years back. I think they are still in that 10-11% range.

I am sure someone will chime in with the exact rate.

If you do purchase re-sale, TTS has a re-sale financing company they work with that offers similar rates.

You may want to look into (if it can work for you) a low rate credit card, if the rate is offered for the life of the balance it could save you... watch if it changes after several months or a year, then it could end up costing yuo a lot more.
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Our very first trip to WDW was in December 2004, and we were immediately hooked... (12 nights CR)
We bought into DVC (SSR) after our first ever trip to WDW!!!
June 2005 was our second magical visit to Disney (10 nights POR / Boardwalk)
January 2007 a quick and unplanned trip that we decided to take before baby arrives (7 nights POR / SSR)
October 2007 MNSSHP - Boo to You! (7 nights off site/SSR)
January 2008 World championship 3v3 soccer tourney for DS8 @ WWOS (11 nights Wilderness Lodge)
June 2010 Summer Nightastic -closed the late night parks each night! (7 nights Pop Century/SSR)
January 2014 New Years with the Mouse (8 nights AKV Kidani/BCV/SSR THV)
May 2014 - 20th Anniversary trip! (4 night GFV/AKL Jambo)
<--Me <--DW <--DD 18 <--DD 17 <--DS 14 <--DD 8 <--DD 6
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Old 02-08-2007, 10:33 AM   #3
korbbec
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Quote:
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You may want to look into (if it can work for you) a low rate credit card, if the rate is offered for the life of the balance it could save you... watch if it changes after several months or a year, then it could end up costing yuo a lot more.

I was going to suggest the same. I got mine on a credit card at 5.99% for the life of the balance. I have seen people post that they got it for 0% on their Disney card?!? I couldn't do that. I did have to pay a $75 fee because it was using the cc checks. I also had to take that cc out of my collection so I do not put anything else on it. Once you do, the new charge is at a higher % interest than the original offer and will get paid last- that could cost you.
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Old 02-08-2007, 10:36 AM   #4
mtakac
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Thanks for the info. I did find the thread about the resale rates. I could definitely do better with a credit card but I don't think the interest would be deductable on my taxes. Is that correct? Although, even with a deduction on taxes depending on the credit card rate it might still be better with a credit card than financing it. I'm just thinking out loud now and have to crunch the numbers.
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Old 02-08-2007, 12:06 PM   #5
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When we went back in October, it was around 10.75% for a 10yr. I just bought a resale this week from TTS and Benchmark was offering 9.96 on a 3-5yr, 10.96 on a 7-10yr.

As far as I know, CC interest for this purpose would not be deductible. Property taxes still would.

-Kat
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Old 02-09-2007, 01:12 PM   #6
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I was going to suggest the same. I got mine on a credit card at 5.99% for the life of the balance. I have seen people post that they got it for 0% on their Disney card?!? I couldn't do that. I did have to pay a $75 fee because it was using the cc checks. I also had to take that cc out of my collection so I do not put anything else on it. Once you do, the new charge is at a higher % interest than the original offer and will get paid last- that could cost you.
I am putting 9300.00 on the credit card, and then when the bill comes, I'm paying it off with a line of credit home equity check and keeping the reward points.
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Old 02-09-2007, 04:12 PM   #7
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I am putting 9300.00 on the credit card, and then when the bill comes, I'm paying it off with a line of credit home equity check and keeping the reward points.
sorry, this is off topic, but i am looking for a new credit card. which one would you recommend that has good reward points? thanks!
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Old 02-09-2007, 04:42 PM   #8
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sorry, this is off topic, but i am looking for a new credit card. which one would you recommend that has good reward points? thanks!
As a Disney fan, you might want the Disney Visa from Chase. You earn 1% in Disney rewards that you can use at the parks, in stores or online. The regular APR isn't great but if you pay it off each month like I do it's a nice perk. I think I recently earned 2% for groceries for a short period but that's that first time they every offerred any bonus in the 3+ years that I had it.

Discover's is also 1% but they offer 5% bonus every couple months on a different popular catagory. Right now it's travel - hotels, airfare, etc. Once it was auto - gas, repairs or groceries. In addition, you can redeem your rewards for the cashback amount or increase (up to double) by choosing a reward from one of their "partners." It's one of the better deals out there IF you would actually use one of their partners. I always choose to cash in my $20 reward for a $25 Bed Bath and Beyond gift card because I shop there a lot.
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Old 02-11-2007, 11:05 AM   #9
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Keep in mind the 10% rate from Disney is their preferred credit rate. It can be as high as 14% or so. I don't know the credit score cutoff.


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Old 02-12-2007, 06:10 PM   #10
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sorry, this is off topic, but i am looking for a new credit card. which one would you recommend that has good reward points? thanks!
My favorite card is the American Express 1-2-3 card that you can get at Costco. You always get 1% back on regular purchases, 2% back on travel, and 3% back on eating out. I'm a balance payer though.
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Old 02-14-2007, 02:22 PM   #11
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I just checked today with my guide, the rates are now 10.75% for any term of loan. They will ammortize up to ten years if you wish. In '04, when we purchased @ SSR, it was 9.75% up to 5 years, and 10.75 for any term greater than 5 years, up to a max of 10 years.
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Our very first trip to WDW was in December 2004, and we were immediately hooked... (12 nights CR)
We bought into DVC (SSR) after our first ever trip to WDW!!!
June 2005 was our second magical visit to Disney (10 nights POR / Boardwalk)
January 2007 a quick and unplanned trip that we decided to take before baby arrives (7 nights POR / SSR)
October 2007 MNSSHP - Boo to You! (7 nights off site/SSR)
January 2008 World championship 3v3 soccer tourney for DS8 @ WWOS (11 nights Wilderness Lodge)
June 2010 Summer Nightastic -closed the late night parks each night! (7 nights Pop Century/SSR)
January 2014 New Years with the Mouse (8 nights AKV Kidani/BCV/SSR THV)
May 2014 - 20th Anniversary trip! (4 night GFV/AKL Jambo)
<--Me <--DW <--DD 18 <--DD 17 <--DS 14 <--DD 8 <--DD 6
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Old 02-14-2007, 03:20 PM   #12
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I will concur with what Family Guy said...

I just made my Add-On purchase and my gude is working on my down payment as we speak... Welcome home for the 3rd time!
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