DVC owners.... ? of payment

[tigger2on]

Hi all,
I was just wondering what payment options Canadians have for buying into DVC? Can we only pay outright?

 

[murcor]

We put a deposit on Visa and then paid the balance on visa approx 2 weeks later. It is an option to pay the whole amount upfront. We made sure we paid the visa off when it was due.

 

[BitsnBearsMom]

You can set up payments on a credit card. That's what we did when we bought in 2004. We had the payments come off our master card (so we got points on the m/c for it) then made lump payments every few months (also on m/c) until it was gone!

 

[tigger2on]

Dumb question probably but bY doing the payment options, were you able to use your points before you paid it off or did you have to wait?

 

[BitsnBearsMom]

Our first points were deposited into our account in June of last year and we didn't finish paying it off until this January. But yes we could have used them as soon as they were in our account.

 

[Scratch42]

If you are buying resale, yes you have to pay up front but you can get a line of credit at the bank to do it that way.

Thru Disney, you can do the way mentioned above.

janet

 

[surfer_ed]

I set up a US account with RBC Centura and pay by check. That way we got the lower financing rate.