Closing date and payment question

[DeeCee735]

If my closing date on an add on is 3/15, as it is supposed to be, when will the MF payment be due? We have an October UY so I know we have pro-rated dues that will be payable. Also, how long after closing will the first payment on the purchase be debited from our checking?

TIA

 

[Sandisw]

When we did an add on direct via Disney, the dues showed up on line as soon as the add on. They were due immediately. At the time, we didn't have direct debit set up so just paid them via the credit card.

I believe the payments take a few months to first hit but your paperwork should tell when that will start.

 

[LisaS]

The dues are pro-rated from the later of your purchase date, the start of your initial Use Year and the occupancy date of the unit you purchased. If you purchased a unit that is already open and your initial UY is Oct 2010, you will owe dues starting from your purchase date. They will send you a bill after you close on your add-on. If you are paying by monthly debit, the first payment would be deducted starting the month following your closing date, April 1st or 15th in your case. Your monthly payments will be higher the first year because you will owe N months worth of dues, paid in N-1 or N-2 installments.

If you purchased Aulani and your first points are Oct 2011 points then your pro-rated dues would start Oct 1st and deductions would start on Nov 1st/15th.