Late spring 2025 incentives (April 29-July 14)

[Girlstar30]

Is the D23 discount and chase visa discount gone too?

 

[PolyRob]

Is the D23 discount and chase visa discount gone too?

Those links are now dead, unless someone else heard otherwise or received new links from a guide?

 

[Girlstar30]

@tjkraz article about the new 15 year financing change. https://dvcnews.com/dvc-program-men...-new-15-year-finance-term-for-direct-purchase

His breakdown and describing the longer term additional cost should be required reading by anyone considering the 15 year payment.

Unless something else changed, I don't believe there is a prepayment penalty so people can still have the 10 year, pay extra each month to equal a 5 year (or less).

@Brian Noble , do other timeshares also offer this type of long-term financing?

Is the 8.99% interest rate still being offered to current members with 10 year loans?

 

[Brian Noble]

@Brian Noble , do other timeshares also offer this type of long-term financing?

I have no idea what the "standard" terms are. I've never (ever!) been in a sales presentation, and the folks on TUG don't buy developer, let alone finance developer.

 

[maui22]

Is the 8.99% interest rate still being offered to current members with 10 year loans?

https://dvcexplorer.com/fin/m/Polynesian_Member_DeveloperCredit.pdf

• 20% down payment with direct deposit 8.99% (9% APR)
• 20% down payment without direct deposit 9.49% (9.5% APR)
• 10% down payment with direct deposit 11% (11.01% APR)
• 10% down payment without direct deposit 11.5% (11.51% APR)

10% is the top chart. 20% is the bottom chart.

You can take Disney's payment numbers and multiply by the number of monthly payments to see how much interests you would be paying compared to someone paying cash. 15 years is brutal at nearly double the price someone paying cash will pay.

 

[Brian Noble]

15 years is brutal at nearly double the price someone paying cash will pay.

15 years is certainly more expensive than 10. On the other hand, $500 15 years from now is worth quite a bit less than $500 today.

(And no, I am not trying to justify this! Financing a DVC purchase is a Bad Idea. I'm only pointing out that while the time value of money taketh away, it can also giveth.)

 

[Girlstar30]

https://dvcexplorer.com/fin/m/Polynesian_Member_DeveloperCredit.pdf

• 20% down payment with direct deposit 8.99% (9% APR)
• 20% down payment without direct deposit 9.49% (9.5% APR)
• 10% down payment with direct deposit 11% (11.01% APR)
• 10% down payment without direct deposit 11.5% (11.51% APR)

10% is the top chart. 20% is the bottom chart.

You can take Disney's payment numbers and multiply by the number of monthly payments to see how much interests you would be paying compared to someone paying cash. 15 years is brutal at nearly double the price someone paying cash will pay.

Wow thank you for your response!

 

[maui22]

15 years is certainly more expensive than 10. On the other hand, $500 15 years from now is worth quite a bit less than $500 today.

(And no, I am not trying to justify this! Financing a DVC purchase is a Bad Idea. I'm only pointing out that while the time value of money taketh away, it can also giveth.)

I understand. Thankfully, everyone spends their money as they want.
Personally, keeping my powder dry.

 

[Girlstar30]

I understand. Thankfully, everyone spends their money as they want.
Personally, keeping my powder dry.

 

[Patmcpsu]

I have a tough time believing people saying that the promotions should be better because they’re convinced of an upcoming recession.

If these people were truly convinced of an upcoming recession, they would want to keep their powder dry for when the hardship actually comes.

If they are hoping to buy now at a steep discount, it seems like they’re hoping to take advantage of other people’s fear.

 

[CastAStone]

15 years is certainly more expensive than 10. On the other hand, $500 15 years from now is worth quite a bit less than $500 today.

(And no, I am not trying to justify this! Financing a DVC purchase is a Bad Idea. I'm only pointing out that while the time value of money taketh away, it can also giveth.)

Exactly. There are times where financing things is good and rich people finance things all the time when it’s financially advantageous for them to do so (essentially when they’ll make more money keeping the money they have than they will lose from paying interest).

If there was ever a time when I could confidently say that you (the royal you) have no idea whether that’s going to be true over the next several years or not, it’s now. And the collateral involved isn’t exactly bulletproof.

TLDR Don’t finance your DVC purchase unless you have deep experience arbitraging interest rates and so much money that you can afford to owe money on something worthless.

 

[NY Pirate Princess]

Resale Poly it is!

Will keep watching for a perfect contract but no need to buy until I have stacked all the cash.

11% for 15 years takes my breath away.

 

[disneylandtour]

Well, feeling good about my recent Poly resale purchase. DVD always lags the economy. About a year from now, when whatever economic fears are over, DVD will probably put something on an actual sale.

 

[disneylandtour]

11% for 15 years takes my breath away.

At 11% you will pay more in interest than principle. OMG.

 

[WinterSolider]

I think they're messing with us for reals, fire sale July incoming

Someday they'll decide they finally want to sell Aulani out.

.....right?

 

[WinterSolider]

Yep. If anyone here knows an investment guaranteed to return more than 9% after-tax over the next year or three, they probably know someone who hangs out at 1600 Pennsylvania Avenue NW---or they hang out there themselves.

And even then, they are probably wrong.

"Guaranteed" is the part that trips people up even when we're talking about lower interest rates.

They'll say "why would I pay off my 7% loan when I can invest in the market which has historical average returns of 10%?"

Because that 10% has risk, and the 7% doesn't.

 

[Brian Noble]

Well, it also depends on time horizon. The longer we are talking about, the more confident I am in the "average" market rate being close to the one I see.

And if you want the 200-level course version if this: How does the extra expected 3% compare to the additional risk? Again---the longer we are talking, the lower the "cost" of the risk is.

 

[DVCsloth]

Sometime businesses encourage people to finance and give extra discounts. As long as you are able to pay the loan back early, sometimes it ca make sense to finance.

 

[Girlstar30]

I have a tough time believing people saying that the promotions should be better because they’re convinced of an upcoming recession.

If these people were truly convinced of an upcoming recession, they would want to keep their powder dry for when the hardship actually comes.

If they are hoping to buy now at a steep discount, it seems like they’re hoping to take advantage of other people’s fear.

This is how rich people get rich...

 

[Genie+]

DVC does not seem worried about setting buyers up for success. 5 years was reasonable. 10 years was already near the limit of making sense. Starting at 10 and going to 15 years. Yikes. Just pay for cash rooms at that point. Probably end up spending much less while retaining much more flexibility.

Sure, the monthly payments look more digestible. How many will spread themselves too thin though? Foreclosure might not sound too bad for DVD, unless that starts heating up at a point when DVC direct and resale markets are over saturated. But what do I know not much.