If doing an add on at BLT, can the $5 point off be used as down payment?

[Disneyfun1]

We are thinking of doing a 50 point add on at BLT, currently were told at $112/point and ive read about the $5 point bonus off. Can that be used towards the down payment, or do you still have to give a full 10% of the price to them, around $540-$560, i cant remember exactly right now. If we can use it towards down, that would be $250 of it, is that right, or can you not do that at all?

Do you need the full downpayment before doing any further paperwork and getting it started?

 

[lark]

At least for a new purchase, you must pay the 10 percent downpayment on the full price of the points, notwithstanding any credit applied to reduce the price. So, even with a $5 per point discount, you still need to pay 10 percent of the $112 purchase price. Assuming it works the same for add ons (and I think I've read here that it does) your downpayment would be $560.

 

[Sandisw]

I did a 50 point add on in June for BLT and they based my down payment on the reduced price.

At the time, it was $104 per point ($8.00 off) so the contract was $5200. My deposit was $520.00 which I paid with my Disney Visa.