financing

[TedL]

My family just cam back from WDW last week. My wife was dead-set against DVC before this trip. We talked to a sales rep at a kiosk at Hoop-Dee-Doo Revue and now she's thinking it's a good deal. My question is regarding financing. I know Disney offers financing if you purchase through DVC. But what about resales? How does anyone that buys resales typically finance their purchases? Does a company like the Timeshare Store offer financing or do people usually do a home equity? Also, if you purchase through DVC, is the interest expense tax deductible like home mortgages?

Thanks.

 

[GAIL HAYDEN]

Resales are usually handled with a home equity loan (which you obtain) credit card, cash or check. Rarely do they finance a resale.
If you purchase via Disney the interest and taxes are deducatble on your income tax in most cases, check with a tax professional.

 

[JimC]

I am aware of one company that finances resales. Any of the resale brokers will know who it is. We used Pat Spell at The Timeshare Store. When we bought our resale at OKW we paid cash. I have heard some who have used credit cards, and others who have used home equity loans.

 

[GAIL HAYDEN]

Originally posted by JimC
I am aware of one company that finances resales. Any of the resale brokers will know who it is. We used Pat Spell at The Timeshare Store. When we bought our resale at OKW we paid cash. I have heard some who have used credit cards, and others who have used home equity loans.

That is why I said "generally". There is always an exception.