Add on Financing Question...

[arthur06]

I just passed ROFR on a BWV resale and hope to close in the next couple of weeks. When I do so, I hope to add on a small (probably 2, 30 point contracts at VGC) before it sells out.

My question is, does everyone who adds on as an existing member get the preferred rate or is it still subject to credit approval. I have heard it both ways. I probably won't pay mine off until next spring so I want to know what sort of interest I am looking at. TIA

 

[Sandisw]

I read posts from those that added on and got standard financing, so I would assume that means it depends on your credit.

If your plan is to only need financing for a year, did you know that you can put some of the contract on a Disney Visa and get 0% interest for 6 months?

That might help with some of the purchase. According to Chase, you can have up to $2500.00 that qualifies. Right now, though, some of us are getting it on bigger figures.

Just something to think about in terms of how to do the financing!

Good luck!

 

[Tozzie]

I just passed ROFR on a BWV resale and hope to close in the next couple of weeks. When I do so, I hope to add on a small (probably 2, 30 point contracts at VGC) before it sells out.

My question is, does everyone who adds on as an existing member get the preferred rate or is it still subject to credit approval. I have heard it both ways. I probably won't pay mine off until next spring so I want to know what sort of interest I am looking at. TIA

When I did my add on at VGC my guide told me that I automatically qualified for preffered financing by virture of already being a DVC member, I know a credit check was not performed when I did the add (I did it at WDW)