Financing DVC Resale

[Sarahraegraham]

DH and I are considering DVC. I’m wondering if any of you have done private financing for a resale contract and how that worked/went for you.

 

[ziravan]

Monera financial.

1. Only does DVC and only the Florida properties.
2. No credit check.
3. Requires auto draft.
4. Automatic approval with down payment.

We've used them and had a good run with it.

The standard advice here is never finance DVC because it's a luxury purchase. That's sound financial advice but everybody's situation is different.

It fit our financial situation to finance (we have the liquidity to pay cash but it suits our current needs to push our flow into a long term venture. Every few years, we take a break and swat down debts.) We have no regrets.

 

[DisneyRegulars]

We contacted our credit union and got a personal loan. The interest rate was reasonable to us at 4%.