Direct Purchase Payment Change

[Steelers0854]

FYI, last year We bought at the poly and spread our initial payment over 60 days. But we bought again today and our guide said they recently made changes and they want all payments no more than 45 days out from today. And in order to do anything more than 15 days out you had to put at minimum 20% down. YMMV, but I think k our guide is very good and I have no reason not to believe him.

 

[intamin]

Hrm interesting, we recently bought 200 points, spreading it out over 45 days but we only put down 5k to start.

 

[TheDailyMoo]

And then one day in the future it'll be 30 days...then two weeks. Guess someone in the C-Suite questioned why they're giving out what amounts to interest free loans?

 

[intamin]

And then one day in the future it'll be 30 days...then two weeks. Guess someone in the C-Suite questioned why they're giving out what amounts to interest free loans?

I wonder if Disney would ever consider giving discounts to people paying directly out of a checking account instead of credit card

 

[eticketplease]

I wonder if Disney would ever consider giving discounts to people paying directly out of a checking account instead of credit card

Don’t give ideas it sure helps when working on a large minimum spend!!

 

[bakerworld]

FYI, last year We bought at the poly and spread our initial payment over 60 days. But we bought again today and our guide said they recently made changes and they want all payments no more than 45 days out from today. And in order to do anything more than 15 days out you had to put at minimum 20% down. YMMV, but I think k our guide is very good and I have no reason not to believe him.

We found asking makes a difference (well, we only asked one time). Might want to reconnect and ask if it was possible to put down less with a concrete number.

 

[Steelers0854]

We found asking makes a difference (well, we only asked one time). Might want to reconnect and ask if it was possible to put down less with a concrete number.

It was no big deal for us. We actually planned on putting down much more than this anyway. But I know some folks like to spread even over 90 days and that appears a thing of DVC history.

 

[Cfabar1]

We did a small add on in October over 60 days... It has been clear for a while that DVC was never fond of the extended payments, even though they did allow them...

I assume it's only a matter of time before it goes to "sign on the dotted line and pay now"...

It's a shame, because, for me at least, making the purchases over a couple of statements made it seem more palatable for direct vs. resale

 

[Girlstar30]

Theyre going to lose people if they keep lowering the time to pay. We needed two months to do it comfortably.

Them telling you that you have to pay 20% after 15 days is the red flag to me, why the incentives chart then show 10% down and no mention of this 15 days, that seems like a sales tactic to me.

 

[juliebee]

And in order to do anything more than 15 days out you had to put at minimum 20% down.

I purchased just like 3 weeks ago and only did an initial deposit of $5000 (less than 20%) and further payment after the Feb 10th new incentive. Maybe in the last couple weeks they changed things, but if anyone is buying, question your guide if that is true.

 

[davidhr]

Theyre going to lose people if they keep lowering the time to pay. We needed two months to do it comfortably.

Do you think they are going to lose many? Maybe a few. It’s a very small percentage of buyers that know that’s even possible. And we DVC buyers are very good at convincing ourselves to buy even when there are things we don’t love.

From a quick check I did some time ago, most purchases are financed anyways.

 

[Girlstar30]

Do you think they are going to lose many? Maybe a few. It’s a very small percentage of buyers that know that’s even possible. And we DVC buyers are very good at convincing ourselves to buy even when there are things we don’t love.

From a quick check I did some time ago, most purchases are financed anyways.

I do because I think way more people finance than they admit. I would have been out if they want 20% in 30 days because I wouldnt want to do 10% with higher interest

 

[Girlstar30]

But then again I bet that most people finance 10% so maybe youre right!

 

[Tatebeck]

It's really not that big of deal considering you can still get 6 months no interest with a Disney branded chase card.

And if you are trying for credit card points you can sign up for a few in the months leading up to the purchase if you know it is coming, instead of after purchasing and before your closing date

 

[Steelers0854]

It also is possible i misunderstood on the 20% down being tied to the extended payment timeline. I know for a fact it was 20% down to get the 8.99% But I also know he said that 45 days was now the max and they had some kind if stipulation to push it beyond the 15 days they are wanting.

 

[Sandisw]

Theyre going to lose people if they keep lowering the time to pay. We needed two months to do it comfortably.

Them telling you that you have to pay 20% after 15 days is the red flag to me, why the incentives chart then show 10% down and no mention of this 15 days, that seems like a sales tactic

I do because I think way more people finance than they admit. I would have been out if they want 20% in 30 days because I wouldnt want to do 10% with higher interest

I think the fact that more do finance is why this move won’t have a big impact.

Those financing are not really impacted because this applies to those paying cash and not using DVC financing.

 

[VGCgroupie]

It also is possible i misunderstood on the 20% down being tied to the extended payment timeline. I know for a fact it was 20% down to get the 8.99% But I also know he said that 45 days was now the max and they had some kind if stipulation to push it beyond the 15 days they are wanting.

Yes the strict 20% down is for financing not for just making a few payments with a delayed close. 2 different things.

 

[Girlstar30]

So you have to put 20% down to finance?

 

[VGCgroupie]

So you have to put 20% down to finance?

You didnt?

 

[cruisehopeful]

So you have to put 20% down to finance?

You didnt?

I think there's a 10% down option at a higher interest rate.