Direct Purchase Payment Change

[Cfabar1]

They've been flexible with me for the payments within the 60 days. Once its set up you can call quality assurance and pay sooner or later on some contracts than the dates they put as your next payment if youre just paying a deposit as long as its within the 60 days. I havent tried to push it to 90 and im not going to. Since they're flexible within the 60 days I can just pay towards it when I want which is nice.

I don't think they do 90 days anymore... we did a direct purchase add on - and I wanted all of the due dates to be on say the 8th of the month, so they each hit a different month's credit card cycle. That would have caused the purchase to go into day 62...

My guide tried to get approval to go ahead with the sale anyways... he called me back about 10-20 minutes later and sheepishly said that he would have to wait 2 days to complete the purchase as they were unable to go past day 60 even with approval...

To be clear, the extended payment timeline was something I always had to request, and state strongly, that was, for me, key to the purchase. No guide ever offered those extended terms proactively to me. I have long suspected that was Disney procedure/policy.

 

[Girlstar30]

I don't think they do 90 days anymore... we did a direct purchase add on - and I wanted all of the due dates to be on say the 8th of the month, so they each hit a different month's credit card cycle. That would have caused the purchase to go into day 62...

My guide tried to get approval to go ahead with the sale anyways... he called me back about 10-20 minutes later and sheepishly said that he would have to wait 2 days to complete the purchase as they were unable to go past day 60 even with approval...

To be clear, the extended payment timeline was something I always had to request, and state strongly, that was, for me, key to the purchase. No guide ever offered those extended terms proactively to me. I have long suspected that was Disney procedure/policy.

I dont think they'd let me do 90 days either but I almost want to ask just to try since its impossible

 

[muppets3d]

I don't think they do 90 days anymore... we did a direct purchase add on - and I wanted all of the due dates to be on say the 8th of the month, so they each hit a different month's credit card cycle. That would have caused the purchase to go into day 62...

My guide tried to get approval to go ahead with the sale anyways... he called me back about 10-20 minutes later and sheepishly said that he would have to wait 2 days to complete the purchase as they were unable to go past day 60 even with approval...

To be clear, the extended payment timeline was something I always had to request, and state strongly, that was, for me, key to the purchase. No guide ever offered those extended terms proactively to me. I have long suspected that was Disney procedure/policy.

Yeah I think the guides are trained to offer financing to folks who are not prepared to put a down-payment down and schedule the remainder to be due in a short period of time. The extended payment option is only offered if people say they don't want to finance.

It's a way to overcome objections and "get to yes" as they say in sales. It isn't designed to be the default offering because it costs DVC money in lost interest income.

 

[crackerjack21]

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 just had the same experience. Bought last summer, spread out over 60 days and now told 45 days, but they just asked for 10% down which we planned to do anyways. Kinda bummed, it was nice to have this extra 15 days.

 

[Add-On-Itis]

just bought and was allowed 60 days

 

[Cfabar1]

just bought and was allowed 60 days

Curious what the size of contract was....

 

[Add-On-Itis]

150 point poly

 

[airjay75]

Just adding. Had an in-person tour with my guide today. Was told 45 days max (requiring two layers of approval, whatever that means), and 10% up front. But, she also said, since I would not be financing, approval wouldn't be hard.

I had also heard some reports of not letting you break your purchase up into up to 4 different contracts. Was told we could still break it up into 4 (although I don't think I'm going to do that so may not end up testing that).

 

[Add-On-Itis]

Just adding. Had an in-person tour with my guide today. Was told 45 days max (requiring two layers of approval, whatever that means), and 10% up front. But, she also said, since I would not be financing, approval wouldn't be hard.

I had also heard some reports of not letting you break your purchase up into up to 4 different contracts. Was told we could still break it up into 4 (although I don't think I'm going to do that so may not end up testing that).

I guess depends on the guide? I used a guide that was frequently recommended here.

 

[Steelers0854]

I guess depends on the guide? I used a guide that was frequently recommended here.

I don’t think it does. My guess is your guide rolled the dice they could get approval for 60 days and just told you up front you were good for 60 days. They would have had to back track and say they could only do 45 days if they were told no, worth the risk i guess in their mind as you would have been stuck with 45 days whether they told you that up front or not, so you have already made the decision at that point. Clearly they have been given the marching orders to cut down time to finalize to 45 days or less, but much like everything else its all negotiable to a degree.

 

[Add-On-Itis]

i guess i got lucky then

 

[KGdreamer]

just bought and was allowed 60 days

This is interesting to me. Talked to my guide on Friday and he initially said only 15 days. When I asked about 45 he said he'd have to get approval, but had it super quick. I really was hoping to get it to about 50 days to make my last payment after the close of my billing cycle on my card, but it will be fine. 60 days would have been even better!

 

[byurick]

I don't quite understand the point, if you have the money to pay in full and not finance what difference does 45 vs 60 vs 90 days matter?

 

[Steelers0854]

I don't quite understand the point, if you have the money to pay in full and not finance what difference does 45 vs 60 vs 90 days matter?

$35,000 in a high yield savings account with a 3% APY gets you say $65, a month. So thats well over $100 in interest you are earning, plus you may not have that high a limit on your card you want to use so you can spread it out to more manageable amounts. Plus you may be pulling these funds from your income instead of pulling from your savings. So that is up to 3 months of pay that you can use and keep more of that money working for you in the meantime.

 

[eticketplease]

I don't quite understand the point, if you have the money to pay in full and not finance what difference does 45 vs 60 vs 90 days matter?

In addition to what @Steelers0854 said about the HYSA some of us play the Point and Mile game so that would give us more time for us to acquire another card to put a big spend on to earn a welcome bonus.

Also with if you were using the Disney Visa you get 0% for 6 months and that is on each of the payments which allows you to keep more in that HYSA if you were to go that route.