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help just about to close contract with dvc

Discussion in 'Purchasing DVC' started by bocaj1431, Oct 16, 2012.

  1. z28wiz

    z28wiz DIS Veteran DVC Gold

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    Messages:
    747
    If you dont pay off your loan early you will be paying about $29500 for your purchase which includes the finance charge. That comes to about 196 per point. Resale would be your best bet. You would actually be paying more then you could book through renting or other discounted means. And with the ever increasing dues they may eventually hit 20 per point towards the end of the contract.
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  3. k3chantal

    k3chantal DIS Veteran

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    Sep 7, 2011
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    Just my two cents; if you have to finance this (and have no intent or clear way to pay if off quickly) do not purchase either directly or indirectly. Financing this purchase, in my opinion is the fastest way to NOT save money. Rather, if I were you, I would put aside what would have been your payment each month and then pay cash when you have the total needed. And as the pp's said, if you buy resale this will be sooner rather than later. Don't forget that with this purchase is a substantial bill (depending on how many points you purchase) that you are sent each and every year. And, then when you use your points you can not forget about the costs of travel, food and tickets.

    Sorry to be a downer here; but you need to go in with your eyes wide open. I have a feeling many of those resale contracts are available because people did not understand the longterm responsibility that comes with this purchase.

    Good luck!
     
  4. ELMC

    ELMC DIS Veteran

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    Messages:
    1,981
    Agreed. And I don't think you're being a downer, you are offering sound advice with the intent of helping people. You wouldn't be doing anybody any favors if you sugar coated it and said "I'm sure it will all work out" or some other words of encouragement that glance over the harsh realities of financing a DVC purchase. You were kind, respectful and honest, and I think that's what we should hope for on these boards. :)
     

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