add ons through disney with finance

[TandCmum]

okay i'm not even a member yet (and it may be a while before i am) but have a question

If we bought a contract on finance through Disney and we wanted to add on, how does it work with the finance. Do you have a seperate finance agreement for the new add on with another downpayment or do they just add it on to your finance agreement you already have and change the figures??

Thanks

 

[jonesm34650]

Pretty sure you would have a separate contract agreement and have again a 10% down payment to pay. Also I know for sure that when adding on that you have to purchase at least 50 points or else there is no financing available.

Mark

 

[DVC Chris]

Each financed add-on done through Disney is set up as a separate contract and loan. Therefore, you have to have a down payment and you'll have a separate payment each month for the add-on contract. We purchased a 50 point add-on about 10 months after our initial purchase and paid a few extra $$'s each month and was able to pay off the add-on before the original contract. That extra few dollars a month really paid off in the long run.

 

[bsusanmb]

I added on a week after my purchase. There is no credit check done for add on's. The separate contracts all have to be signed, and you need to put down the $500 via Credit card, and then the rest of the 10% in 30 days. I have my payments drafted from my checking account, so there is one lump sum that is taken. Hope this helps!

 

[Pinmaniac]

The previous posts covered the answer very well. The only thing I'd like to add is that according to my guide after you have had Disney financing for a year and made payments ontime they don't even check credit for additional financing add ons.