Financing ?????

[kasowell]

Yes I know that there are cheaper places and ways to finance DVC but I wanted to know what the current terms that Disney charges for financing such as down payment, interest, and years they will finance.

 

[cobbler]

Ok, well lets see here.
Down payment is 10% minimum out of pocket. So at the current incentive rate with a referral from an exisiting member (I can help if you need that) it is 83.30 a point.

Here is how the breakdown would work
You need a minimum of 150 points for a new contract
98x150 = 14700
Your minimum down payment would need to be 1470
With the incentive of 83.30 a point they give you the difference in down payment
so Disneys contribution is 2205

14700 cost
-2205 Disney's contribution
-1470 your down payment (or more)
11025 to finance

They can finance in 3,5 and 10 years (there might be another one in there but I can't remember) The max is 10 years anyway. The interest rate is 10.75% unless you have the payments deducted directly from your checking/savings account then it will go down to 9.75%

So on a 150 point contract where you will finance 11025 for 10 years at 9.75% your monthly payment will be $144.17 + annual dues.

Remember if you want to take advantage of the promotion for 83.30 a point (available at Saratoga Springs only) you will need a referral from an existing member. Let me know if you need one