Heeellllpppp!

[shawn68]

We are interested in DVC.
Question I can't seem to get answered is, if we purchase 160 points, financed, what is the total we have to pay upfront, and what is the monthly amount?
Any help would be very appreciated.

 

[erionm]

Your down payment will be 10% or more (depending on credit). The amount of your down payment will also affect the monthly payment.

Your best bet is to talk with a DVC Guide (sales person). They can give you all the information you need.

 

[browniemtb]

Payment would be determined by the initial down payment but to venture a guess with 10% down you could be looking at anywhere around $160 a month. This is not including the yearly maintenance fee expense.

 

[Sandisw]

It will depend on which resort you purchase and how much you are paying per point.

10% of the price is required as a down payment. My understanding is that this is 10% of the full price (before incentives).

The financed amount will be what is left after the incentives (if any) have been applied.

YOu can finance for a year (50% down) and I believe the rate is around 5%. YOu can also go as high as 10 years and the rate is 10.75% (preferred) and 14.25% (standard).

In addition, you will have yearly MF's which can be paid monthly as well. Just as an example, if you bought AKV. Base price for 160 is $17920. 10% depost is $1792. Less incentive (I believe I read a $15.00 per point--not sure). That leaves around $13728, plus closing of around $300.00. Financed amount would be right around $14,000.

Monthly payments would be roughly $191.00 - $220 (depending on rate) plus MF's. Of course, if you buy a different resort or the incentives are not that good, the payment would be higher.

 

[bumbershoot]

I'm fine giving specifics. Don't mind at all!

I can't recall what our cost per point was (BLT in March...perhaps soemthing like 112?). Oh, and we did the 10 year option though I'm not sure why.

Put 10% down (though honestly they were running a giftcard promo...you could either pay 10% out of pocket and have the giftcard free and clear, or put the giftcard towards the 10% and we chose that one...so we had 992 out of pocket and I believe an 800 giftcard put down on the deposit).

From what was left, with the preferred interest, we pay 226.92/month. For now. Until our car is paid off, at which time we'll be smashing that down inside of a year from car payoff date. I LOVE that you can do that with DVC (and our car)! That they don't care if you pay extra/early.


And of course there are the dues.

 

[shawn68]

y'all are a great help. Thanks so much. This cleared a lot up for us.

 

[crys5]

We just bought at AK , we had to put 1800.00 down , payments are 224.00 a month and annual dues are 66.00 per month, for 160 points financed at the perferred rate. I haven't paid my first note yet, it's not due til Feb. I bought at 112.00 a point, and took the incentive of getting all of 2008 and 2009 points plus 8 free annual passes. I called in Novemeber to buy and it was so easy, i should have done it years ago.
hope this helps!

 

[browniemtb]

I didn't realize how much point are going for now......holy smokes. Should have added on a while back

 

[Jen_in_NH]

We just bought 100 points at AKV. It was 10% down - with the closing costs and everything, ended up being $1300. The monthly payment (without dues) is $116 Disney gave us 10.25% for 10 years. For the life of me, I can't remember the $/pt cost, althought I think it was $112. There was an incentive, I think it was $1500, as well as 100 points to use now.

 

[TinkerBelle920]

We bought in recently at AKL 100 points as well and the price per point after the promotion came to $97 per point plus 2008 points that we were able to bank and use next year. If you have any more questions feel free to PM me

 

[donaldsgirl]

We just bought last summer and we put a total of 10% down less what the incentive was. I think our out of pocket down payment was 1800.00 on 175 points at bay lake towers. We LOVE it. We got matching points plus money towards the down payment. We are DISNEY JUNKIES, so every red cent of it was worth it to us. We used Ron Ryback with the DVC in Orlando. He was very patient with us and answered all of our questions honestly. I am in sales management and can smell a sales pitch or BS a mile away. We met with him during 2 different trips and finally bought right before a 3rd. So we dealt with him over the coarse of 2.5 years. You won't be sorry.

 

[Cherokeezebra]

Plus you USUALLY get an equal number of points to be used in the next year. For example, you buy 160, you get another 160 free that have to be used in the next year. We did that when we bought BLT last December. When we talked to our DVC salesman this December, we talked about adding on 50-100 points, and he said whatever we added, we would get a matching number free for the next 12 months. Only thing was they wouldn't finance 50 points. They will finance 100 points and above.

 

[DizGirl20]

There is also the option of financing with a HELOC (home equity loan). Our rate is significantly lower than financing through Disney.

 

[Cherokeezebra]

There is also the option of financing with a HELOC (home equity loan). Our rate is significantly lower than financing through Disney.

Excellent point. Also keep in mind (for those who may be concerned) that unless Disney has recently changed the way they finance, going through them does not effect your credit. Hence, the higher interest rates.

 

[arthur06]

Plus you USUALLY get an equal number of points to be used in the next year. For example, you buy 160, you get another 160 free that have to be used in the next year. We did that when we bought BLT last December. When we talked to our DVC salesman this December, we talked about adding on 50-100 points, and he said whatever we added, we would get a matching number free for the next 12 months. Only thing was they wouldn't finance 50 points. They will finance 100 points and above.

Not sure if this is true. Disney will not finance less then 50 points, but they will finance 50 point and larger add-ons! Unless that just changed!