It is surprising, way to go, welcome to the dark side. I hadn't intended to respond any further on this subject since the OP clearly wasn't interested in that opinion so look at this as a general thought to anyone interested. My view on this subject is not so much the math on the single financed item but the direction it represents (leads to other bad choices) and the risk involved. Again, in general terms, I've made the same point before, that if it's important to that person and one can truly afford it, it really shouldn't take long. Plus there are many other ways to go to WDW without owning DVC, esp for a trip or 2. As for the CC, it might be possible but it's not practical. If you could find a private seller, it might be possible to pay through paypal though you'd likely have to pay extra to cover the fees. It's like buying a car, when you get a reasonable sale price, the extra fees on a CC are likely as much or more than their profit margin.
It depends on the subject but as a rule, no. I think I've earned my stripes and feel like I've helped a lot of people over the years. I am pretty hard line on matters of principle (that's why they're called principles) and IMO consumer debt is one of principle.
There's no reason to, my last response wasn't specific to you or your situation as you posted it. The history you do not know is that BestDadEver and I have been on opposites sides of this discussion and IIRC, he's on record as saying he financed everything he could at every opportunity. I'm pleased for him that he'd decided to reduce his risk in life.
That's great, I hope things work out for you.
But others may be. Thread's are often responded to with the general in mind, not just the OP.Thanks so much, but again, I wasn't looking for that kind of help.
I look forward to seeing you in other threads and lighter discussions.
Mine is 14.24% for purchases and transfers and 19.24% on cash advances it may vary though from person to person with chase. I know they've had specials at times and sometimes they target those to specific people as well. They've had some interest free options for purchasing DVC, I'm not sure the specifics but you'd have to buy retail for it to be applicable. The problem with using those reduced rates and specials is the same as using the "free interest for 6 months" type of deals. If you don't hit the letter of the law on the rules, or if you do and they say you didn't, they immediately increase your rate in most cases to a dramatic amount, often higher than the numbers I quoted. And in some cases, they can go back and charge the higher interest on the amount financed but already paid plus with CC they can charge it then on everything then on the card as well.
As a rule I make every effort to respond to the principle involved rather than the person as much as possible and very often my posts are intentionally aimed at others who may be reading then or in the future more so than the OP.
That's just it, it is relevant to your OP even if it's not what you were specifically looking for.
In general it's often better to underbuy in both resort (SSR over VGF for example) and number of points, esp if at least 150 or more points are on the table. By selecting a good contract and with borrowing, 150 can easily seem like 200-250 for a few years. Smaller contracts tend to be priced at a premium, many buyers tend to underestimate their needs and closing costs are relatively fixed are the 3 reasons I feel going too small is often not the best choice. But every situation is different, each one has to gather their info and piece together their best choices.I was actually just throwing a number out there, nothing has been decided. I am still learning by reading everyones posts about the dues and rooms, etc. It is easy when using my parents points, but now in looking to purchase my own, there is a lot to consider. The kids are 13 and 15, our next vacation they will be 14 and 16. We are looking at maybe another two vacations with them before we are empty nester's (for the most part, as the 13 y/o lives with her mother primarily). I know I can always add points later (as well as bank and borrow) so I don't need to jump in at 250 points, we can start low and build. I would like to be able to do something yearly- if not with the kids then with then just my husband. Two studios is ok, we don't always need the kitchen and bedrooms, although it is nice. So much to consider- but it makes me happy to do the research, it will keep me busy until it's time.
We have used my parents DVC for years and I have researched so much. I think now it would benefit me, as the time gets closer, to spend time here and take a look at posts from others for things that I've missed or have not considered.
I was actually just throwing a number out there, nothing has been decided. I am still learning by reading everyones posts about the dues and rooms, etc. It is easy when using my parents points, but now in looking to purchase my own, there is a lot to consider. The kids are 13 and 15, our next vacation they will be 14 and 16. We are looking at maybe another two vacations with them before we are empty nester's (for the most part, as the 13 y/o lives with her mother primarily). I know I can always add points later (as well as bank and borrow) so I don't need to jump in at 250 points, we can start low and build. I would like to be able to do something yearly- if not with the kids then with then just my husband. Two studios is ok, we don't always need the kitchen and bedrooms, although it is nice. So much to consider- but it makes me happy to do the research, it will keep me busy until it's time.
We have used my parents DVC for years and I have researched so much. I think now it would benefit me, as the time gets closer, to spend time here and take a look at posts from others for things that I've missed or have not considered.
