See, it's true...the man is a GENIUS!!!
Seriously, DVC lets me pay my annual dues across 12 equal monthly payments with no interest...which, by the way, add up to MUCH more than the cost of my AP!
Really? I had no idea you could pay your annual dues in monthly payments without interest. I wonder if DH knows this.

We just put the whole thing on our Chase Disney Visa (for the points).
I am a DVC member and currently hold annual passes. The current promotion to renew my annual pass and get 15 months is a serious incentive this time around. I bought an AP (DVC price) in November 2007. I used it for that week long trip, and then returned for Flower & Garden in April 08 and
MNSSHP & F&W in Oct 08. 3 trips. Averaged out to about $16.00 per person/day. However, Disney made money on our in-park and in-resort spending. All the meal, the souvenirs, the dinner shows etc. We did not renew out AP's when they came up for renewal in Nov 08. If we had that pass would have been good from Nov08-Nov09. During that time period we had 1 visit for a week in July. However, what we did was, when we returned IN July, we bought another AP set for me, DH and DD7. DD21 and DS17 wanted WPFM... I wasn't springing for THAT AP. Too pricey. So they got 8 day park hopping WPFM. Now we are returning next week with me, DH, DD7 and DS18. The three of us will use last July's AP but DS18 will require a new 6 or 7 day regular park hopper. If we choose to renew our AP's because they expire in July, we will get 15 months instead of 12 and that is a good enough incentive to try to fit in more trips. As far as I know, the pass would be the DVC renewal price. So that is additional savings.
I think there would be a significant risk of default after AP holders got their vacations in that they'd wanted but before they had paid off their passes. People can use their credit cards to stretch out payments. Use their home equity lines etc (I know... who has equity anymore?). I guess Disney doesn't think that this is an acceptable risk for them. As a stockholder, I'm good with that. Also, think about this, in order for Disney to offer such a plan, they'd have to run it through the financing arm of the business that they run their DVC membership financing through. The parks division probably doesn't have the infastructure businesswise. Disney Development does.
Besides, AP are often offered room only discounts. We're offered discounts on shopping and dining. It is interesting because you really have to keep track of your discounts. For instance, DVC offer discounts, AP offers discounts AND
AAA offers discounts. However, they're different. One time DVC might be better, another time the AP might be. And Earl of Sandwich only offers AAA discount.
I'm a DVC AP holder who lives 889 miles from the mouse.
and while we contemplate this all.. I'm doing the single digit dance
