Financing dvc

[donutz022]

Does anyone have a link for the chart they show you when u go on the tour on how much monthly payments would be if financed through disney. Im looking for the blt one. I know someone posted a while ago but i cant find it and the prices have changed as well.

 

[jlewisinsyr]

If you know the price per point, you can back into the amount per month using any online calculator for loans. Here is my credit unions:

http://www.moneyfcu.org/loanscalc.htm

Enter the years, the amount and the interest rate. Interest rates I believe are 10.75% for preferred (720 - 740 + credit scores) and 14.75 for standard.

The amount is just your points multiplied by the price per point (ie. $120 X 200 = $24,000) minus the discount per point (ie. $15.00 X 200 = $3,000) and your minimum $500 deposit. Using the above as an example the amount would be $22,500.

 

[hopare]

Try www.dvcfriends.com/pointschart
that usually has all the new promotions on there too.

 

[bumbershoot]

Since I don't mind sharing and it can be a guide in real life numbers (knowing that the per point cost is higher now, I think)...we bought 160 points back in March, at whatever price it was then. Did the normal downpayment. Got the preferred financing. Little note: that credit score mentioned is not accurate, at least not in March...hubby's score is not in that range, but he still got preferred, and we do auto-debit (it gets the rate a little bit lower) . We pay 226.92/month on the loan.

 

[nunzia]

anyway.....another real life. I bought 125 VGC, (2 contracts) put about 5K down and financed about 7,500. I got the oreferred rate and financed for 5 years. Auto debit payments are 182. You can easily make extra payments and pay it off early.

 

[Crystal_27]

and your minimum $500 deposit.

The OP may want to check on this. When we signed our paperwork in March DVC had a special reduced deposit where the incentive price went towards the down payment thereby reducing the amount needed up front. However, in April, when the per-point incentive got better, the downpayment amount went to 10% of the full purchase price, and then the incentives were deducted at that point. You might need the full 10% downpayment, which would be closer to $2,000. Good luck!

 

[MinnesotaMouse]

Since I don't mind sharing and it can be a guide in real life numbers (knowing that the per point cost is higher now, I think)...we bought 160 points back in March, at whatever price it was then. Did the normal downpayment. Got the preferred financing. Little note: that credit score mentioned is not accurate, at least not in March...hubby's score is not in that range, but he still got preferred, and we do auto-debit (it gets the rate a little bit lower) . We pay 226.92/month on the loan.

We also bought 160 points (BLT) in March 2009, put $1,000 down at the time we purchased (aboard the Wonder), and I believe that is almost exactly our monthly payment (the $226.92 figure). This works well for us, and we are planning our first visit to BLT in less than two weeks!!

 

[bumbershoot]

We also bought 160 points (BLT) in March 2009, put $1,000 down at the time we purchased (aboard the Wonder), and I believe that is almost exactly our monthly payment (the $226.92 figure). This works well for us, and we are planning our first visit to BLT in less than two weeks!!

You're getting to go well before us! Lucky!

I remembered while reading the posts after mine that our downpayment was just above 1700. There was a giftcard option that you could either take away OR use towards the downpayment, and that was about 800, then we paid 992 on top of that. So it was just about 10% for us.


As bostontim alluded to, as we financed it we saw it as pre-paying (with a convenience fee).

We were spending the money anyway on trips to DLR, and even though we haven't even been to WDW at all, we just know we will adore it when we go. And although the upcoming 13 months will be interesting, as we pay off our car (2+ years early), make the monthly payments, and save up for the rest of our trip next year December, we know that about a year from then, when the loan is done with, it will all be much easier. Of course, if we knew we could do *this*, we certainly could have saved up the whole amount, but we didn't know it at the time we bought in! (things have changed massively since March of this year for us, and buying into DVC has actually been part of the change for the better!)

 

[MinnesotaMouse]

You're getting to go well before us! Lucky!

I remembered while reading the posts after mine that our downpayment was just above 1700. There was a giftcard option that you could either take away OR use towards the downpayment, and that was about 800, then we paid 992 on top of that. So it was just about 10% for us.


As bostontim alluded to, as we financed it we saw it as pre-paying (with a convenience fee).

We were spending the money anyway on trips to DLR, and even though we haven't even been to WDW at all, we just know we will adore it when we go. And although the upcoming 13 months will be interesting, as we pay off our car (2+ years early), make the monthly payments, and save up for the rest of our trip next year December, we know that about a year from then, when the loan is done with, it will all be much easier. Of course, if we knew we could do *this*, we certainly could have saved up the whole amount, but we didn't know it at the time we bought in! (things have changed massively since March of this year for us, and buying into DVC has actually been part of the change for the better!)

Oh yes, I forgot about the giftcard option. We also used that towards our downpayment, plus the $1,000. My mind is fading....but of course, I am concentrating on packing for our trip!!

 

[ckpoodge]

Original poster:

I just bought into the BLT, and I have a scan of the chart that we received. It's fairly recent - early November. It shows the current price of $120 per point, less the incentive of $5 per point. However, I don't know how to post it here.

If you would like me to send it to you, please let me know - I would think I could PM it.