Interest Rate??

[BWVPam]

Does anyone know what the current rate Disney is charging for points. Does it vary
if you are only adding on points. We are considering adding 50 more points before the price increase, but
would want to finance. Thanks

 

[KMarie]

These rates are from the Add-On Direct Debit Example sheet I was given in March at a DVC members update meeting:

50% down, finance 1 year, 9.25%
20% down, 3 years, 12%
20% down, 5 years, 12.5%
20% down, 7 years, 13%
20% down, 10 years,13.5%
10% down, 3 years, 13%
10% down 5 years, 13.5%
10% down, 7 years, 14%
10% down, 10 years, 14.5%

 

[Geyser Gazer]

Hi BWVPam,

For a full contract with 20% down we recently got 10.95% and I think the time frame was between 3 and 10 years. Not sure about add ons though.

 

[ohioMickey]

EGADS...Just spoke with our guide yesterday.

The lowest rate they have is 13.5% and that is with a 10 year loan with 20% down and direct debit.

If your ORIGINAL sales presentation was less than 30 days ago you can get 10.9% with the same terms. But they are strict about that 30 day window.

Does anybody know if they offer special financing if you add-on at one of those on-site member updates?

 

[ohioMickey]

ooops...i guess Kmarie answered my question.

 

[Disnydad]

Ours in December was 10.95% with direct withdrawal from our checking account. Without the direct withdrawal it would have been the 14.5% (20%down/10years)

 

[DVC Chris]

Not sure about this, but I thought if you were adding on a NEW resort (different from you home), you may be eligible for the lower interest rate. We did the tour/presentation last-Sept. at BWV and did not buy at that time (I know, slap my wrist!)...But, we just recently purchased at VWL (original purchase, not add on) and were able to get the lower interest rate. I inquired about it and told that since I had not visited VWL, it was looked at as a NEW visit, etc and made me eligible again for the lower interest rate......

Some of those "non-introductory" rates seem a bit high. As long as you have a good credit rating, you might be able to get a better deal with a credit card or home-equity loan.