another ?

[ilovefh]

i guess i should have included this in my last post, but if we buy we will have to do the financing through Disney. Has anyone else done this, and how did they like it? Did you get a good interest rate? How many years can you finance for?

Thanks!

elena

 

[eva]

We financed through DVC on all of our contracts and then paid the first two off early. You can finance for up to 10 years and the interest rate on our late contract was 10.95% with a 20% down payment. I think with 10% down the rate is 1% higher. Correct me someone if I am wrong. With credit card rates they way they are you might be able to do like us and move some or all of the balance over to a credit card and pay it off earlier at a much lower rate, sometimes at 0% for the first year.

 

[yasuern]

If you own a home - you might consider a home equity loan or line of credit - interest rates are around 5-6% at this time.

 

[Piglette]

We were told that the following Disney financing options are now available:
1. 50% down. 1 year financing at 5.95%
2. 20% down. 3, 5, or 7 year financing at 10.95%
3. 10% down. 11.95%
These percentages are with auto-deduction from your account. The rates are higher without the automatic deduction.

 

[eva]

Did they quite financing for 10 years? We just did a 10 year with 20% on our last contract. Of course we usually pay it off in a year or two. Wish we could have put the 50% down for the lower rate. But 20% was pushing it.