Bellex917
Mouseketeer
- Joined
- Mar 12, 2019
- Messages
- 368
Curious where you all weigh in on this.
My good friend has DVC and has been talking me through her experience. I've also been listening to the DVC podcasts and reading here religiously as I enter the researching phase. For background, I tend to be pretty conservative financially. I am not an impulse buyer and focus on saving. We have the money to buy a small contract, but it's not there for "that" so to speak, so I don't want to touch it. We are currently starting a specific DVC savings fund.
With that said, I do not tend to finance items other than my house and my car and prefer to save and buy. My friend, who bought her many points cash and is also conservative financially, said to consider that the prices always climb, so there's a balance between waiting and saving and getting in with the points lower.
I guess I look at the interest at financing probably outpaces the rate it increases. If you financed, did you feel it was "worth it" when in the end you spent so much more per point? Are you glad you did it?
I think my current goal is to save enough to do 60-70% cash and finance the last 30-40%, with the plan to pay it down ASAP. I've never financed for "fun" and it makes me nervous to be honest. But this is a true passion. I'm curious where others fell on this topic. As I listened to The DVC Fan podcast episode on financing I realized most of the people on it financed it, so that made me feel slightly less nervous to do it... Still weighing my options.
My good friend has DVC and has been talking me through her experience. I've also been listening to the DVC podcasts and reading here religiously as I enter the researching phase. For background, I tend to be pretty conservative financially. I am not an impulse buyer and focus on saving. We have the money to buy a small contract, but it's not there for "that" so to speak, so I don't want to touch it. We are currently starting a specific DVC savings fund.
With that said, I do not tend to finance items other than my house and my car and prefer to save and buy. My friend, who bought her many points cash and is also conservative financially, said to consider that the prices always climb, so there's a balance between waiting and saving and getting in with the points lower.
I guess I look at the interest at financing probably outpaces the rate it increases. If you financed, did you feel it was "worth it" when in the end you spent so much more per point? Are you glad you did it?
I think my current goal is to save enough to do 60-70% cash and finance the last 30-40%, with the plan to pay it down ASAP. I've never financed for "fun" and it makes me nervous to be honest. But this is a true passion. I'm curious where others fell on this topic. As I listened to The DVC Fan podcast episode on financing I realized most of the people on it financed it, so that made me feel slightly less nervous to do it... Still weighing my options.