New DVC Purchase Details?

[grace&philipsmom]

If this is inappropriate please remove. I am interested in buying DVC in August when we go. I have looked for this information but couldn't find it. Am I correct that upon signing there is 10% down? When is the remaining balance due?

Thanks!

 

[stefanospops]

I sent you a private message, so please check your messages too as there is more information there.

I just bought at Bay Lake Towers on Thursday. They require 10% and you can finance the rest which can be paid off in as long as 10 years, or as quickly as you wish.

Also, there are incentives that sound like they will be going away on June 15. So if you like the current incentives it may be worth talking to someone now. More details in my private message to you. Good luck!

 

[Sandisw]

Yes, typically, there is 10% that is due, but sometimes incentives require more (ie: the Chase AP's that were being offered).

The balance is due at time of closing. I just added on at BLT and needed to defer the final payment until the 1st week of July and they were able to set that up for me (I was not financing, just paying with my Disney Visa).

You can finance with Disney as well. If you go with the 5 or 10 year loan (10.75% with direct debit, preferred rate or 14.25% with direct debit, standard rate), then your first payment is usually 2 - 3 months after starting the process.

You can also put 50% down and finance for 1 year at, I believe, 4.95%. If paying cash, you would send in a check or pay by CC when you send back the papers.

Good luck on your purchase!!