Monthly payment question

[100percentDisney]

We have bounced around the idea about joining the DVC and now that they are offering the discount rate (my in-laws have been members for several years), we are looking at the idea again. I have a few questions though.

1.) If we buy, we are looking at 300 points. What would the projected monthly financed payment be assuming the down payment was 10%?

2.) I read that this offer gives you 2005's points as well as 2006's points (300+300=600). Is this accurate?

3.) How does one use points if staying at a non-villa? Our 20th Anniversary is in May and we thought about staying 3-4 nights at the Grand Floridian.

Thank you in advance for your help.

 

[Frankiesmom]

Hi we just joined..can't wait!! Anywho.. the payment on 300 points with 10% down would be @ 9.75% is $288.35. I'm taking this from the sheet that was sent to us with all the DVC info. Hope this helps. And yes you would have the 300 points upon joining and then say Aug. is you use year then this Aug. you would receive another 300 points. Can't help you with the other question... Maybe someone can check the member website. We just joined last friday and I don't have one yet-you need an ID # to access member website. Angel

 

[cobbler]

Ok so 300 points x 98 a point will be 29400. You will need to put down $2940 and Disney will put down (well they take the point discount and take it off the total) $4410
So you will be financing 22050. If you take the direct debit they will take 1% off your interest and that will become 9.75%. If you take out the loan for 10 years your monthly payments will be $288.35 + $99.50 a month in dues (300 points x 3.98 a point). Of course you dues will be prorated for the year but it gives you a ball park.

You will get 2005 points now and your 2006 points will come when your next use year starts. So lets say they give you an August use year you will get 300 now and 300 more every August 1st.

Staying at non-DVC resorts can be pricey. May is regular season and so the GF would be 46 points a night for Sun-Thursday for a garden view room and 83 for Fri and Saturday. They go up from there. They also change every year so next year it will probably take more points.

Also these calculations are based on buying in at Saratoga with the Friends and Family discount.

 

[browniemtb]

Don't forget if you get in with the friends and family promo its only $83.30 per point or $24990. Promo ends Feb 1st
Brownie