Question about financing through Disney

[MemphisTN]

I have a question about financing through Disney. Say we were to finance contract and the monthly payments were 150 a month, and after we got our tax refund, we decided to pay $1,000 extra on the next payment. Would our monthly payments still be what they were before we paid the extra or is the monthly payment due based on some formula on what is outstanding?

Also, what about purchasing resale?

I am just doing a little more research before we make a decision to buy a resale of AKV.

Thanks

 

[MemphisTN]

Sorry it has been a long day.. I meant to decide between being a resale or AKV through Disney

 

[magsmom]

I can answer the 1st question. Through disney, if you were to make an additional payment, your monthly payments would still be the same, just like a mortgage (which is what this is).

 

[CarolMN]

I can answer the 1st question. Through disney, if you were to make an additional payment, your monthly payments would still be the same, just like a mortgage (which is what this is).

And you would pay it off sooner.

 

[Kurby]

And you would pay it off sooner.

without penalty either.

 

[MemphisTN]

Thank you for the responses.