Letter from DVC

[pharmlivin]

Anyone else get this letter from DVC inviting us to hurry and add on at VWL since they anticipate selling out VWL by January 2002. Offered a pretty good rate (8.something%). They said it was the fastest resort to sell out.

 

[DiznEeyore]

I'm curious....were they specific as to what you had to do to get the 8%? For example, 50% down and finance for one year only to get that rate?

 

[pharmlivin]

The sentence reads:
"Special financing as low as 8.5% is currently available for qualified Members adding 50 Vacation Points or more."

 

[RoutemanDan]

I received it today also.

 

[SEC]

Received letter today also. We stayed at the WLV from October 21-30 and one of the DVC staff at the front desk said they were almost sold out. There was also a lot of traffic in the model units at WLV and Boardwalk.

 

[Granny]

"Almost sold out" seems to be about as much sales pressure as DVC uses....and obviously, it's not much of a pressure anyway with the resale market available.

How long now have HH and VB been "almost sold out"?

I do believe VWL is pretty close, though.

 

[chris1gill]

We got the letter too... It was 12 months ago that we got the letter for BW & OKW's impending sell out & those were sold out by mid-November, so I'm sure VWL are very close as well.... Also, it was of course the quickest to sell out, but it's also the smallest DVC resort...

 

[timC]

We just purchased our add-on at VWL. There were several rates and terms available. Sorry I don't recall them all. We tool a 10yr term and magical beginnings... I'll be paying it off in Q1, but I wanted to make sure I didn't miss out now. Have others made this type of financing move? I'm paying a high interest rate (12%), but overall I think my interst cost and short-term payment will be quite low, assuming I can pay it off quickly.

 

[PamOKW]

I was just looking the letter over again and thought the final paragraph was kind of interesting. I'm not sure if it's just the legalese for the UK that I never noticed before.

The purpose of the Disney Vaction Club is to provide a service for Members who wish to book and use holiday accomodations and is not to be viewed as an investment for the purposes of yielding an income or making a capital gain. Prices quoted include applicable sales taxes. Disney Vacation Development, Inc., is a licensed credit broker under the United Kingdom Consumer Credit Act 1974. Developer financing options are not available to United Kingdom residents.

 

[ripleysmom]

I'm holding out for BCV. I don't want to lose Pool privileges to this pool so I'll just add on here....

 

[Rock'n Robin]

I got that letter today as well. It said they expect sellout by January and offered the 8.5% financing through Disney on 50 points or more. I'd love to have 75 more to guarantee a full 2 weeks in a 2BR during summer every other year--my 100 pts. at VWL will only get me Sunday-Thursday nights. (Don't worry, I get a week at BWV the other years! )
Robin M.
Poly 6/2000
BWV 6/2001
Poly 12/2001 33 days!!!
BWV/VWL 7/2002

 

[ReneeQ]

We added on points at VWL while on the Disney Magic last week. We already have points at BWV. I still have the paperwork they gave me. This is all for add ons and direct debits.

Pay 50% down and finance for one year - rate is 8.5%.

Pay 20% down and finance for 3, 5, 7 or 10 years - rate is 11.5%.

Pay 10% down and finance for 3, 5, 7 or 10 years - rate is 12.5%.

 

[ralphd]

We are also holding out for BCV.

 

[jennybobenny]

Lose pool privileges at BC (Stormalong Bay)? Did I miss something?

 

[baileybrad]

jennybobenny,
The rumor mill is that when BCV opens, SB won't be able to accomodate the addtional guests so ph will/might be discontinued there.

 

[ralphd]

Pool hopping will possibly be a problem (especially) for the first year or so after BCV is complete.
When the villas open, the SAB pools may be pushed to the limit.
Do not think they will close pool hopping unless the BCV SAB does reach capacity.
ralphd