No incentive with 50% down?

[pixie08]

Hi everyone! Sorry if this has been asked but I searched and could not find anything.

Dh and I were trying to figure out the fastest and best way to pay off our future 200 point contract. We were hoping to do the 50% down and the 1 year financing but realized no incentive is given when done this way according to the papaerwork DVC sent us...is this correct?

Is there a way to put 50% down but still get the incentive? Like finance the remaining balance for 5 years but pay more towards the principal? Thanks for any help or advice.

 

[White_Sox_Fan]

I assume you're looking at the financing info that DVC hands out which doesn't show any incentive on the 50% down option. This is not the case we just purchased and put down in excess of 50% and received $10pp off at SSR. We purchased 225 points in two contracts, 175 & 50 and also received the 160 developer points with a referral. The contact will be written as $104pp and you will have to put down 50% of that, the $10pp incentive is then applied toward the downpayment.

 

[AKV707]

To answer the other part of your question, it is very easy to pay additional principal. You can do that right on the member site. I have been doing that and will definitely be paying my financing off early. There is also no
pre-payment penalty with DVC.

 

[Deb & Bill]

Likewise, if you peel off enough bills out of a wad of money and pay on the spot, you won't get any better deal than someone who finances most of the purchase. You just get to save the interest fees.

 

[pixie08]

phew- thank you so much! you guys have put us at ease! I didn't think they could penalize for paying more up front lol!