For anyone who recently bought in

[phorsenuf]

I'm trying to put numbers together and I can't find my old info.

If we put 30% down (on 150 point contract) and finance for 5 or 7 years what is the approx. payment per month with dues? I don't remember what the interest rate was with direct debit.

Does anyone have that handy? I don't want to call my guide yet because I don't want to bother her until I do some numbers running.

I want to take advantage of that 15% deal.

Any help would be greaty appreciated! Thanks!!!

 

[Pluto 2]

interset rate is 9.75 percent with direct debit, otherwise its 10.75 percent

 

[redmomof4]

That's fairly high for todays market and economy isn't it. Would there be any benefit to financing through them and then transfering it to a home equity loan? Or would it be better to put it on my Disney Visa for the rewards and then transfer it to the he loan with better interest and deductibility?

 

[CarolA]

If you are going to transfer it to a home equity either way then the thing to do is to put it on a CC (Disney or another) and get the "points" and then transfer.

I have to admit, I just ran the numbers on the new deal and I am tempted. I really wanted some additional BCV points, but finding a 100 point contract with my use years has not been easy. Plus they area asking a preimum for BCV....(I have TWO use years and am NOT willing to go higher LOL!)

 

[jpolak]

We are Joining today (can I get a welcome home) and we decided to put the deposit on our Disney credit card to get the points and the balance on our home equity line. The equity line is a much better rate than anything out there and the interest is tax deductable. Good luck!

 

[cobbler]

We joined too. We actually ran the numbers. Ok we were going to buy in 2009 for our 10 year anniversary. We figured how much money we could save and at what interest rate. We did figure a little conservative on the interest rates over the next 3 years. We also took a look and tried to guess (the best we could) at what the points will cost in 2009. With the current incentive we financed and will still come out ahead. We bought 180 points, put 2000 down of our own money, Disney gave us 2646 towards the deposit so we financed 12994. At 9.75% by 2009 when we were going to buy anyway we will have paid out an additional 2800 in interest. But we area already saving 2646 over todays prices so really only paying out 200 in interest. Plus there is no way that the point value would be low enough to make up for that in what we would collect in interest.

Plus we were going anyway and this next trip starting to stay in Deluxes so it really was a no brainer.

 

[Pluto 2]

the minimum down payment is 1,470 dollars with 150 points. if you get the 10 year loan you are actually paying less than 1 dollar per month per point.
of course your paying all that interest. the interset rate is the same if you get 3,5,7, or 10 years. so dont cut yourself short, you can always add to the principal. i figure if you get the 10 year loan and make all the minimum the 83.30 a point will come to around 125 dollars.

 

[LilMamiBella]

I called my guide about the promo. He said if I were to do 120 pts I would need to put 1,176 down payment. But, 120 pts x 83.30 a pt is 9996 so shouldn't 10 percent down payment be 996.00? He said that Disney would also put some money on my down payment. I'm confused..can someone explain this to me? What would my yearly dues be on 120 pts? Thanks!

 

[TammyAlphabet]

For the downpayment, they calculate 10 percent of the cost without the downpayment incentive, so even though with the incentive the cost for 120 is 9996, your downpayment is based on 120*98 per point or 11760, so 1170 downpayment. After the 10 percent downpayment, the amount financed would be 8820 (9996-1176), at 9.75 interest with debit from your account, the payment over 10 years would 115.34 per month. I think that the interest rate is lowered for shorter repayment periods, but if you assume 9.75 for five years, the payment would be $186.32. Hope this helps someone.

 

[byoung]

jpolak WELCOME HOME.

 

[JodyTG]

I'm trying to put numbers together and I can't find my old info.

If we put 30% down (on 150 point contract) and finance for 5 or 7 years what is the approx. payment per month with dues? I don't remember what the interest rate was with direct debit.

Does anyone have that handy? I don't want to call my guide yet because I don't want to bother her until I do some numbers running.

I want to take advantage of that 15% deal.

Any help would be greaty appreciated! Thanks!!!

We bought 160 points at SSR with 30% down for a 5 year note and our monthly payments, including dues, is @ $276.00. It'll be a little smaller for your 150 point contract, but pretty close.