Does Disney charge closing costs on Dvc purchase

[grumpynprincess]

Contemplating purchasing Dvc and weighing direct vs resale. I know resale has closing costs but are there closing costs when buying Dvc direct ? Thanks

 

[rmonty02]

Currently Disney does charge closing costs. The info I have is that they charge approx. $244 for cash contract and $345 for a financed contract.

 

[disneynutz]

Closing costs are currently charged to new members not existing members who are doing an add-on.

 

[puente0629]

If you are financing with Disney you can roll the closing costs into the loan...

 

[Lynne M]

If you are financing with Disney you can roll the closing costs into the loan...

Yeah, but then you're paying interest on the closing costs.

 

[P.I. Squirrel]

Yeah, but then you're paying interest on the closing costs.

True. But, by my math, at 10.75% you'd pay just over $200 interest for the $345 over the life of a 10 year loan.


Another question, can't you deduct the closing costs on your tax return?

 

[rmonty02]

Another question, can't you deduct the closing costs on your tax return?

If you itemize, you can deduct closing costs and interest if financed.