Financing

[PolyRob]

Whaaaaaat!!???? I have refrained from commenting on this post since I have a certain take on financing. But I had to chime in about that DVC guide (no longer my guide) and how she was just all about pmt pmt pmt. It made me wonder if they make extra when financed. Refinancing for DVC is not the way to save on Disney vacations thats for sure.

Exactly! There is a time and place for it, but if you want to "save money" you need to know what you're actually spending over that time period!

 

[Girlstar30]

I feel like the guides get some decent commission for getting members to finance. Our new guide grabbed us the June UY VGC points we’ve been waiting for last Thursday morning. We went in person to see him this weekend since we’re local and already had park reservations. He mentioned financing several times even though he knew we wanted to pay cash. And it was the same story when he was holding March VGC points for me last month as well.

Definitely suspicious!

 

[PolyRob]

Yeppp i was like I'm good the point isn't that I can't make the payments it's that I ain't paying that much lol

That's why I like the pdf chart! You see it all blown out. No sugarcoating the fact that I am looking at spending 50k+ for a single room annually

 

[Girlstar30]

Exactly! There is a time and place for it, but if you want to "save money" you need to know what you're actually spending over that time period!

I think they get people because it's more affordable at the moment to pay $400 a month then rent out points for a trip and have to pay so much up front to do it at once. Some people wouldn't be able to do it without the option. Still doesn't mean they should or at least buy resale!

 

[VGCgroupie]

WOW I am super lucky my first guide was nice and normal. He retired in 2020. IDK who my new assigned guide was. A friend referred me to another good guide when I shared mine had retired so I emailed him out of the blue that I wanted to purchase more. Must have made his day

Thats how I got a new guide who is good. I found him by emailing him from recommendations here on the boards. When I requested 90 days for payments and 12 credit cards he didnt say, hey how about I tell you about our financing. I knew he was the right guy at that moment!

I feel like the guides get some decent commission for getting members to finance. Our new guide grabbed us the June UY VGC points we’ve been waiting for last Thursday morning. We went in person to see him this weekend since we’re local and already had park reservations. He mentioned financing several times even though he knew we wanted to pay cash. And it was the same story when he was holding March VGC points for me last month as well.

Hmm I bet they do make a little somethin somethin. I wonder if they also make more money on active resorts than non.

 

[Girlstar30]

Thats how I got a new guide who is good. I found him by emailing him from recommendations here on the boards. When I requested 90 days for payments and 12 credit cards he didnt say, hey how about I tell you about our financing. I knew he was the right guy at that moment!

Hmm I bet they do make a little somethin somethin. I wonder if they also make more money on active resorts than non.

And certain UY's!

 

[PolyRob]

I chatted to ask some banking questions and I had another guide from Hawaii try to steal us and make the sale my guide told me to get off chat or it would default to someone else i was like damn can't ask a question lol

YEAH if you ever want to take a tour they can try and snatch you up if you don't mention you're already working with someone! I had a "waitlist" for a sold out resort before DVC could change UYs on ROFR points and just wanted the DGC and FP+ at the time. That guide didn't make a sale off me.

 

[Girlstar30]

That's why I like the pdf chart! You see it all blown out. No sugarcoating the fact that I am looking at spending 50k+ for a single room annually

It's an exclusive club

 

[PolyRob]

I think they get people because it's more affordable at the moment to pay $400 a month then rent out points for a trip and have to pay so much up front to do it at once. Some people wouldn't be able to do it without the option. Still doesn't mean they should or at least buy resale!

This is a very good point. My friend comparing it to the car payment wouldn't pay her trips off before DVC either. She'd carry the balance on a CC so I guess it still works for her. That's probably why they push financing too. It's easier to push people into larger contracts because it's ONLY X more per month!

 

[Girlstar30]

YEAH if you ever want to take a tour they can try and snatch you up if you don't mention you're already working with someone! I had a "waitlist" for a sold out resort before DVC could change UYs on ROFR points and just wanted the DGC and FP+ at the time. That guide didn't make a sale off me.

I told him we had a guide already he didn't care

 

[PolyRob]

Thats how I got a new guide who is good. I found him by emailing him from recommendations here on the boards. When I requested 90 days for payments and 12 credit cards he didnt say, hey how about I tell you about our financing. I knew he was the right guy at that moment!

Hmm I bet they do make a little somethin somethin. I wonder if they also make more money on active resorts than non.

Definitely a keeper!

 

[VGCgroupie]

This is a very good point. My friend comparing it to the car payment wouldn't pay her trips off before DVC either. She'd carry the balance on a CC so I guess it still works for her. That's probably why they push financing too. It's easier to push people into larger contracts because it's ONLY X more per month!

Car guys only xx per month.. yeah because you having me pay this car off for 8 years.

 

[PolyRob]

I told him we had a guide already he didn't care

The open house (or whatever they call it) where you just look at the rooms without a guide is nice when I just want to see the shiny new villas

 

[Girlstar30]

The open house (or whatever they call it) where you just look at the rooms without a guide is nice when I just want to see the shiny new villas

I have yet to do this! Hopefully for LSL!

 

[VGCgroupie]

I have yet to do this! Hopefully for LSL!

They have it at Aulani

 

[Girlstar30]

They have it at Aulani

Be there next year ️

 

[cruisehopeful]

I feel like the guides get some decent commission for getting members to finance. Our new guide grabbed us the June UY VGC points we’ve been waiting for last Thursday morning. We went in person to see him this weekend since we’re local and already had park reservations. He mentioned financing several times even though he knew we wanted to pay cash. And it was the same story when he was holding March VGC points for me last month as well.

Was it 160 points? My guide has been checking every day for June VGC points for me. I'm wondering when my ROFR contract will show up. Maybe you already got it. Congrats on whatever it was.

I was going to pay cash for the last car that I bought and it was such an ordeal that I finally just financed it and paid it off in 60 days. I am potentially going to finance DVC direct for a short time. I got 2 of my credit cards to give me a year at 0% again, which is how I bought direct before. Just kinda waiting to see what happens with my VGC contracts or if I'll just give up and get something else.

 

[LilyJC]

Was it 160 points? My guide has been checking every day for June VGC points for me.

We told him we wanted at least 100 points to add to our June UY VGC, and that’s what he grabbed for us! The strange thing is that I’ve been keeping an eye on VGCs that were taken and none of the ones posted had 2024 points. I was thrilled that we got the “bonus” 2024 points to bank into 2025.

Our guide/counselor is really good about checking and acquiring the VGC points that become available. If you aren’t too attached to yours, I can give you Brandon’s contact info

 

[BeachClub2014]

Financing DVC should be viewed through the lens of other consumer debt. The average car loan (according to Google) is now close to six years. So, a 10-year DVC loan isn't absurdly out of whack for a resort-dependent product you can use for over 40 to 50 years.

If we want to keep the comparison within the vacation and leisure realm, financing an RV (there are a gazillion of them around) typically lasts between 10 and 15 years, and your DVC ownership lasts far longer.

I'm willing to bet that financing DVC ownership is far more common, even on these boards, than many will admit to. Is it a good idea for everyone? Probably not, but comparatively, it's not the worst thing in the world, either.

 

[muppets3d]

I feel like the guides get some decent commission for getting members to finance. Our new guide grabbed us the June UY VGC points we’ve been waiting for last Thursday morning. We went in person to see him this weekend since we’re local and already had park reservations. He mentioned financing several times even though he knew we wanted to pay cash. And it was the same story when he was holding March VGC points for me last month as well.

My guess is financing allows people to justify buying more points (oh look, it's only $100 more a month for an extra 100 points let's just do that), so they make more commish that way. I doubt they make more if a member finances vs. pays cash, but who knows really.