Pricing of DVC

[diddldonna]

Okay i have the DVD and been researching but really still confussed about the price. Would anyone mind sharing how much they pay so i can get an idea. Also how do you normally pay from the uk, can you pay bit by bit or is it a lump sum, any help would be great.

 

[wilma-bride]

OK, I'm doing this all from memory so some of it may be a bit 'iffy'. We bought into DVC back in 2007 using UK financing (can't remember the name of the company they use but I'm sure someone else will know). We bought 200 points at around $115 per point but at the time they were offering a discount per point, which we used to offset the payment (so basically that covered our deposit). We financed the remaining amount (around $21000) and were paying approximately £110 per month. We paid it off in full back in October 2008, which is why I'm a little sketchy on the details.

There are a couple of points I do remember though:

DVC US financing do not run a credit check, however the UK financing does.

You can use any discount offered as a down payment/deposit however DVC financing, I believe, requires a greater deposit than UK financing.

For some reason, we thought our payments would be a fixed monthly amount but the amount we paid per month went up at least once in the short time before we settled the account (due to change in interest rates perhaps)

If you have any further questions, please ask and I'm sure people will do their best to answer. I am at work right now so don't have exact figures here but would be happy to share them via PM if you are interested.

 

[Elise79]

Unfortunatley DVC have ended their relationship with the UK financier.

If you want to buy on finance now it will be all in $ and you have to sign while you are over there.

We paid $106 a point for our recent add on. We pay on a fee free credit card (post office card) as we arranged our own financing here.

We opened an account at the SunTrust account opposite DTD and use that to pay our dues monthly.

If you have any specific questions please ask.

 

[skelfbsfb]

When we bought both of our contracts we took out a personal loan as this worked out a lot cheaper than taking Disneys finance. The finance company which disney offered was Lombard, dont know if they still use them. If you have the money I would go down the resale route as you will get more value for your money. Going down resale means you will have to pay all when the contractsare signed and approved after Disneys ROFR. Remember to factor in annual dues which you will be billed in January.

 

[princess jackson]

Hi, we purchased in uk, we got a loan to buy out right.
We just transferred the money to Disney by bacs.

 

[ohana7]

We bought in 2007 when the dollar/pound was 1.91 we paid 97 per point for Saratoga and 101 for wilderness lodge. we took the DVC finance whilst there for easy of transaction then upon return to the UK we repaid the loan as we had the loan for less that 14 days there was no repayment fees. A bit long winded but it was easy at the time. If you are buying from the UK than you can transfer the cash your bank will sort that out for you, although they may be wary to lend if you mention timshare. we have also paid for add ons using a credit card. This was done over the phone with our guide and the points were available to use within minutes of talking to him. Hope this helps

 

[dadolan]

We used a UK based loan and bought our points via a reseller saving over $20 per point which for 300 points was an awful lot of money!!!

 

[Brandis]

I bought direct with Disney and their financing, as soon as I got home, I took a loan with my bank and immedeatly repaid Disney high % loan.

As for the annual dues, I opened a free checking account with Suntrust Bank at Downtown Disney, that way, you can get monthly direct debiting from Disney. Otherwise, you would have to pay the full amount before Feb 15 by credit card.

 

[dazza5931]

we joined in september 2010 160 points with ssr at $95 a point 10% deposit rest on finance it was really easy until i got home and my rep phoned and said they had lost all our paper work and we had to sign everything again and get morgage notarised by a specialist in uk took an extra month to sort out but its all done now

 

[penlanspice]

Our initial purchase about 6 years ago we had a loan from the UK and send the money via a transfer to disney, last June we added on at BLT and have taken financing with disney as the interest wasn't to bad compared to loans here, we pay our loan monthly via our fairfx card and they take the money from the card like a direct debit every month. If the dollar improves we will try and either pay it off or a a uk loan for the balance.