purchase info

Discussion in 'Purchasing DVC' started by mpjpnc, Mar 13, 2003.

  1. mpjpnc

    mpjpnc Earning My Ears

    Mar 4, 2003
    I am new to the time-share game but just signed a contract for BCV through Disney and I am wondering if, as far as tax purposes, the down payment and interest paid through financing are the same as paying on a home mortgage?

    Thank You in advance for any info.
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  3. cascadecupcake

    cascadecupcake Disney Lovin' Michigander

    Mar 4, 2001
    I don't think I can actually say "WELCOME HOME" (because I myself have only put down a deposit on BCV and am also waiting to hear on an OKW resale--I don't think I count as an official welcomer yet :p ) but CONGRATULATIONS ON YOUR BCV PURCHASE!

    In regards to your interest, I do believe it works just like a mortgage and it is deductible. Some of the "veterans" will be able to answer that for you!

  4. spiceycat

    spiceycat dvc-blt,vwl,bwv

    Oct 26, 2000
    the interest pay through financing are as is the property tax - DVC tells you each every year.

    Welcome Home!!!:bounce: :Pinkbounc :sunny:

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