Anyone know the current DVC interest rate?

[Tony P. IL.]

Would like to know if the rate is the same for everyone and how it might be reduced thru DVC. The rate I was given is really way out of line. Maybe larger down payment? Thanks for any info you may have.

 

[donldisney]

Last week I was quoted 10.75% for 5, 7, or 10 years. You could get 5.75% if you put 50% down and paid it off in one year. I didn't give them any personal financial information, so I assume that the rates are standard for anyone.

 

[EROS]

I'd recommend taking out a home equity loan at the prime rate (4.75%) if possible. If that vehicle isn't available to you, there are two credit cards for consideration: Chase Manhattan Universal at 6.6%(variable) and Capitol One at 9.9%(fixed).

Good luck,

 

[dianeschlicht]

Another choice would be to put it on your frequent flyer credit card and pay it off with a home equity loan. A much better deal so you can get those free trips to WDW more easily!

 

[EROS]

Great point, DIANE. We're freq. flyer fanatics and have BOTH a United Mileage Plus card and Delta Platinum American Express .

Tony, I also think that you'd do MUCH better by looking at RESALES. It's currently a buyer's market at present so you could potentially save $1000 or more vs. direct purchase from DISNEY.

Check out this thread: RESALES

Good Luck,

 

[friskykitten]

I was told by the Timeshare Store that you couldn't put a resale on a credit card through them. I know you can through Disney. Are they any resales out there that you can put on credit cards? And are they willing to split costs between two cc's?

 

[EROS]

Frisky, I know of no resale brokers who will accept credit cards for payment.

 

[friskykitten]

Thanks Eros!!