Price Differences?

[vargas17]

We are seriously looking into DVC since our trip. When we met with the rep most of the numbers shown to us were for BLT. We would prefer AK so I have a quick question. Is it the same cost to buy into AK as it is for BLT? We are debating on buying in at 160 or 200 and would just like to see some figures. TIA!!!

krissy

 

[ToddyLu]

I think they are about the same.....I check out www.dvcnews.com for info like that. We talked to the rep tonight about AKV points. I hope we can make it happen. Good luck to you, too.

 

[ACDSNY]

I think these are the latest incentives and pricing. If you need a referral send me a PM and I'll give you our info.

New Member Purchase
Animal Kingdom Villas***
$112 base price less $10.00 promotional discount; 160+ points
Special Offer #1: $112 base price less $10.00 promotional discount; complimentary Disney Cruise Line voyage during select dates in 2009 and 2010.
Cruise duration varies depending upon the number of points purchased:
160 - 199 Points = 3-night cruise
200-269 Points = 4-night cruise
270+ points = 7-night cruise
Special Offer #2: $112 base price less $10.00 promotional discount. Additional discount available depending upon number of points purchased:
160 - 199 points = extra $6 off ($16 total discount)
200+ points = extra $8 off ($18 total discount)
Referral from existing DVC member is required for Special Offer 1 or 2​

 

[rmonty02]

Yes, dvcnews.com has the current promotions. To receive an additional $6-$8per point incentive you need a referral. Either of you can use me as a referral if you don't already have one, just send me a PM or email, rebecca_montgomery@excite.com

These incentives are set to change on June 15. So you may want to start your paperwork, then see after the 15th if the current or the new incentives are better.

Here's the direct link to the the promotions page. http://dvcnews.com/content/view/227/173/

Goodluck!

 

[vargas17]

Ok!! I see the current incentives and have another question. When we talked about BLT we were going to be given these "deals":
$8 per vacation point- 160 x 8=1,280
$6 per vacation point (referral)-160 x 6=900

Then he told me that it adds to my total down payment. Does this mean I don't have to pay the 10% down out of pocket since that covers it or does it just get taken off the total amount financed? I had someone tell me that they didn't put anything down. Can you finance the 10% down? I thought that was strange but was just wondering. I know you can add the closing cost into the amount to get financed but was wondering about the 10%. TIA!!

krissy

 

[arthur06]

Then he told me that it adds to my total down payment. Does this mean I don't have to pay the 10% down out of pocket since that covers it or does it just get taken off the total amount financed? I had someone tell me that they didn't put anything down. Can you finance the 10% down? I thought that was strange but was just wondering. I know you can add the closing cost into the amount to get financed but was wondering about the 10%. TIA!!

krissy

I'm pretty sure that you have to pay 10% of the FULL purchase price, then the incentives are taken off of that. Previously, the incentives counted as/towards your down payment, but not anymore.

 

[bumbershoot]

Things have been changing fast, since around when hubby bought in March, but we weren't allowed to finance the down payment. When we bought, they had a deal where you could get a giftcard for x amount, and we put that giftcard, along with about the same amount as the giftcard, as a down payment. The rest is what was to be financed.


Little note I don't think anyone has mentioned, is that the annual dues are different for AKV vs BLT. BLT's annual dues are cheaper, at least for now. That's what brought us to the BLT side, even though hubby really appreciated the decor of AKV. (both were sight unseen to us, we had no fave style from previous visits)

 

[rmonty02]

I know you can add the closing cost into the amount to get financed but was wondering about the 10%. TIA!!

krissy

Just sent you a PM from my recent purchase.

 

[Crystal_27]

Ok!! I see the current incentives and have another question. When we talked about BLT we were going to be given these "deals":
$8 per vacation point- 160 x 8=1,280
$6 per vacation point (referral)-160 x 6=900

Then he told me that it adds to my total down payment. Does this mean I don't have to pay the 10% down out of pocket since that covers it or does it just get taken off the total amount financed? I had someone tell me that they didn't put anything down. Can you finance the 10% down? I thought that was strange but was just wondering. I know you can add the closing cost into the amount to get financed but was wondering about the 10%. TIA!!

krissy

Krissy, first of all, welcome to the DVC Board! Right now, with current incentives, AKV is a couple dollars cheaper per point than BLT. And, to give you another option, SSR is a couple dollars cheaper than AKV. What Disney typically does is offer two "tiers" of incentives. The first tier is for those who are walking into DVC "off the street" (so to speak) who haven't done any research into their purchase. DVC is currently offering a discount between $6-10 per point depending on how many points you buy, and depending on what resort. A second "tier" of incentives is offered if you have a referral of an existing member. Right now, with current incentives, you can get an additional $8 off per point if you have a DVC member referral. So, it behooves you to get a referral just so you have the most options available to you.

Now, the current policy is that you are required to put down the full 10% of the full purchase price ($112 x number of points), and then your down payment, together with the incentive discounts, will come off the top as a developer discount. Additionally, if you finance through Disney, your interest rate will be either 10.75% for the preferred rate or 14.25% for the standard rate, and you can finance for up to 10 years. What some, including myself, did is put the downpayment and any extra you want to put down on a Disney Visa, which offers 0% interest for 6 months on a DVC purchase. And, yes, you can roll the approximately $250 in closing costs into your purchase amount. Also, keep in mind that you will be responsible for maintenance fees on each point that you purchase, which amount can be paid monthly or in one lump sum at the beginning of every year.

I hope that helps get you started. Best of luck!