Maybe I need to explain a little...LOL
The reason why the down payment of 4k was "killing" me is due to the fact that I just spent 6k on my last vacation to Disney last week. So effectively, my savings account has gone down 10k in the past 10 days.
I have the money in savings, it was just a huge drop in the past 10 days.
My wife and I went direct to get the points now. I will in the future look at getting it paid off sooner. No, the monthly payments are not an issue. I don't have enough equity in the house to borrow 100% nor do I have that amount of cash in savings, but I can within a couple of years.
Financially, we will be fine its just the shock of 10k leaving that quickly.
Sorry maybe I should have been more upfront.
Resale is an option, but later down the road.
I'm going to preface this comment by telling you (and everyone else) that it's going to sound obnoxious. It's not intended to be obnoxious, and I am certainly not trying to be obnoxious. I tried several different ways to craft this comment and no one way is better than any other. So I'm just going to say it, and apologize in advance to anyone who gets offended. Here goes...
If 10k leaving your savings account at once is a shock to you, that might be a sign that a
DVC purchase of this magnitude may not be appropriate to your situation.
That being said, in cases like these I usually go based on what is originally said, as it most often reflects someone's true feelings. You probably feel attacked or judged, and so you're trying to explain or backtrack a bit. I'm sorry you were made to feel that way. If you are leaning to go through with this, please scroll down to the end of my post for a potentially less risky strategy.
Humm. Wow so critical. I don't know about everyone else but big purchases always make me nervous no matter what my financial situation is. I suppose it's because I'm not wealthy and everything in my life is worked hard for and nothing handed to me. To spend my money on even a small expensive item stresses me out. Again, I've got no one else in my life to fall back on financially and that's a huge part if it. So even if I could easily afford a home purchase or time share I'd be stressed while being excited. It's a big commitment. Maybe people who are truly loaded just can't understand that? I don't know. I've never had that experience. I completely understand the OP's feelings. It's exciting but nerve retaking at first at the same time. Congrats OP!
Not critical, helpful. I would love nothing more than to congratulate the OP, spread the Pixie Dust, tell them how much they would love BLT and welcome them home. But that doesn't do any good, and it's a little disingenuous of me to not warn them about the
potential pitfalls.
I don't know what you're trying to say with your "things not handed to you" comment, so I'll try not to take offense to that. But if you're implying that we have had things handed to us or that we can't understand where the OP is coming from because we have money, you're a bit off the mark. If a purchase like this makes you so nervous, maybe that's saying something. DVC is a luxury purchase. If it is a stretch or is causing someone stress, maybe it's not the best thing for them. I think it is possible to say that without being offensive.
One thing to point out that I haven't seen yet in this thread is the current resale prices for BLT. Contracts are selling for between $80 and $100 per point. I point this out not to get you to buy resale, but to know what your new points will be worth the minute you signed on the bottom line. So, if for any reason, you wanted to sell your contract, you would have to bring money to the table to satisfy your loan.
This is an excellent point. I would add to this one suggestion. If the OP is intent on buying direct and financing, they should at least buy at VGF. Although the resale market has not yet been established, it is very safe to operate under the assumption that the immediate depreciation of the contract will be nowhere near as large as it is with BLT. It's still a risky proposition, but much less so than buying BLT and waving goodbye to $12,000 in value on day 11.
home neighbor!
Goofy, 
and Me! 
