Anyone finance through Timeshare Store?

[Liam]

Just curious if anyone has any details about financing through timeshare store. Any help would be appreciated. Thanks

 

[robert@dvcstore]

The Timeshare Store, Inc.® does offer financing on DVC purchases. Please call our office and we will be happy to answer any questions you might have.

Robert

 

[magicaldisney]

The Timeshare Store, Inc.® does offer financing on DVC purchases. Please call our office and we will be happy to answer any questions you might have.

Robert

Can you use a Disney Credit Card as you can through Disney to earn rewards points?

 

[robert@dvcstore]

Credit card payments for a resale purchase are not the same as if you are purchasing direct from Disney. Call our office and we can answer your questions on using a credit card.

Robert

 

[DVC Dude]

Just curious if anyone has any details about financing through timeshare store. Any help would be appreciated. Thanks

I would NOT recommend financing a timeshare purchase.

If you must buy now, then buy a smaller contract and rent extra points as you need them or add-on later or wait until you can afford the contract in full.

If you can get a low rate, (under 5%) then it may be worth financing, but those rates are hard to get.

 

[Dean]

The Timeshare Store, Inc.® does offer financing on DVC purchases. Please call our office and we will be happy to answer any questions you might have.

Robert

I though you referred people to Timesharelending.net, has this changed and are you now offering financing yourself?

 

[OrangeCountyCommuter]

I did this several years ago.

A couple of considerations based on what I found.

1. It's not a real estate secured loan, but a personal loan. In other words you cannot deduct the interest at year end as you can with a real estate loan.

2. The interest rate was HIGH!

Now for me it worked since I knew it was a short term bridge that allowed me to buy the contract I wanted without messing up some investments and I paid it off fairly quickly when the investment was sold However, I would not recommend it due to the cost for a long term payment plan!

 

[Dean]

I did this several years ago.

A couple of considerations based on what I found.

1. It's not a real estate secured loan, but a personal loan. In other words you cannot deduct the interest at year end as you can with a real estate loan.

2. The interest rate was HIGH!

Now for me it worked since I knew it was a short term bridge that allowed me to buy the contract I wanted without messing up some investments and I paid it off fairly quickly when the investment was sold However, I would not recommend it due to the cost for a long term payment plan!

If they are still referring people to the company I mentioned above, I believe they do write as true mortgages which would allow the interest to be deductible under certain circumstances, the same circumstances as one would be able to deduct DVC direct loan interest.