payment plan for buying dcv points

[andrloch]

i would like to know if anyone has any info on the payment plans for buying dvc points.

 

[DVCDAVE]

If you are buying resale, there is no plan Disney will offer you. If buying direct through Disney, and they have not yet informed you of the expiration of their special offer, 10.9% for up to 10 years, with 20% down (I think), and direct debit to your account. No prepayment penalty.

By the way, I see it is your first post, welcome !

WDW:
76,77,78,87,FW
92,Offsite
95 POL
96(2), GF,Offsite
97,GF
98,99,00,FW
8/00 DVC member @ BWV
3/01 BWV, FW
3/01 DVC member @ WLV
11/01 BWV !

 

[Princess Tess]

We just financed our points thru DVC. The rate (with automatic withdrawal is 10.95%-11.95% if you use coupons) it is a 10 year loan with no penalties for early payoff. I also believe that you can get a break on your taxes because it is like a second home. If you finance with a resaler like the Timeshare Store the rate is higher, they offer a 5 year loan. Or you could do your own financing. We went with DVC financing because my husband is self employed and all DVC needed was a good Beacon rating other places we would have had to have supplied year to date tax forms and at this time of year that is too much of a hassle for us