Buy more points Cash or pay on original DVC loan???

[LoveMyDVC2]

What would you do...

buy (cash) an add-on of 25 points or pay toward payoff?

 

[spiceycat]

i would go with payoff...

but right now I am looking at the bottom line in everything - I want to retire in the next 6 to 10 years.

 

[loveswdw]

If it were me...and its not... I personally would pay on my original loan. Of course we typically bank points at the end of the year so I don't usually need all my points right away. And 25 points won't get you too much more use anyway. A couple of studio nights, or a 1 BR night or partial night in a 2BR.

That's just me. You should do what you want.

 

[robinb]

I would pay-off the original loan.

 

[AnnaS]

I would also pay off the original loan.

 

[CarolMN]

Another vote to pay off the original loan before adding more points.

 

[thelobstershanty]

Without a doubt, we would pay off the loan first!

 

[mikayla73]

Another vote to pay off the original loan first.

 

[dizplanner]

I would pay off the loan. Although I won't have the loan in the first place as I won't have bought if I couldn't have paid cash.

But then, we are about to pay off our house (owe ~$5000) and then we will have no debt, so I'm probably not the typical example.

 

[dznymom1]

Heck, since I am sure you already have the loan figured into your budget, you might just as well pick up a few more points. 25 points here and 25 points there really add up!

In all seriousness, only you know the right answer to this question. I just have never been one to go with the majority I did a mixture of payments and points for cash during my point buying days. I am retired now, and they are all paid off and life is good!

 

[Dean]

Agree with all above.

 

[DisneyHumbug]

I still have the loan on my original contract, paid cash for both my add ons.