questions about dvc

[mommiepoppins]

How do I purchase from Disney? What price and how much down do they finance? How dose it work. Do they go by credit score? also when you buy how do you plan a vaction?

 

[tmt martins]

How do I purchase from Disney? What price and how much down do they finance? How dose it work. Do they go by credit score? also when you buy how do you plan a vaction?

Go to this link it will give the info to get a guide and more info from them.

http://dvc.disney.go.com/dvc/index

The price changes depending on what discounts they offer.

Down is from 10-50 % depending on credit rating

You call member services (or e-mail your request) 11 months out from home resort or 7 months out from others .

If you need a reference or anything else PM me and I will be glad to help

 

[bongo59]

How do I purchase from Disney? What price and how much down do they finance? How dose it work. Do they go by credit score? also when you buy how do you plan a vaction?

there is enough in those two lines for me to tell you dont buy it because it likely is not in your best interest....................pay cash as you go.

 

[Ms.Mouse]

there is enough in those two lines for me to tell you dont buy it because it likely is not in your best interest....................pay cash as you go.

PLEASE...PLEASE... DON'T TAKE THIS THE WRONG WAY... I'm NOT trying to be sarcastic or demean anyone and I hope this doesnt sound that way... So here goes.......I don't agree with this statement at all and I'll tell you why......
Some of us don't just have tens of thousands of dollars up front to buy something but can pay on a planned withdrawl type process. My dh and I work very hard for what we have and until we bought points (which by the way, we put our percentage down and financed all the rest through Disney financing) we would call WDW reservations for a place like AKL for 6-8 in our group. We then would take all year to pay little-by-little through the year. I figured it out and in just 4 years, our price of BWV will basically hit the price it cost us to get the rooms at AKL (AND BWV is much nicer and we can all be together rather than in separate rooms!!!) So, what's the problem with doing it this way... Doesn't your "typical working person" who may not have funds all banked up to whip out tens of thousands of dollars deserve to "own into " the DVC's also???.... I'll tell you, we live on a small farm and we wouldn't have our equipment or many other benefits that we enjoy if we didn't finance things... I took out loans to go to school (even took out more for "extra things" I'd need throughout the time I was in school)... Yes, these things are a "different" type of investment and I know that many on the forums think that DVC isn't an investment BUT many people (like my dh and I) feel that vacation is just as important (being as we both work full-time +++ AND tend to the farm) because we work hard and our "play time" is even more important for us. So it is an important "investment" for us. So, for those who are sure you can pay your financed amount... I say... GO FOR IT... YOU DESERVE IT TOO... BUT if you're not sure ..... maybe you shouldn't...

 

[JimMIA]

How does that go? Is it "Bump...set...spike?" Or is it "Bump...set...kill?"

Never can get that straight.

 

[bongo59]

'PLEASE...PLEASE... DON'T TAKE THIS THE WRONG WAY... I'm NOT trying to be sarcastic or demean anyone and I hope this doesnt sound that way... So here goes.......I don't agree with this statement at all and I'll tell you why......"

Well i really think a board is for opinions............i stated mine and you stated yours...........I could care less if anyone agrees or disagrees with me.....................but anyone who asks, "do they check a credit score" in the same thread as buying a LUXURY purchase item is making a huge catasrophic mistake by most good sane financial standards...........................and yes since you asked is DVC right for a working person...............yes if they can afford to pay for it............it seems like you like to pay over time.........and i don't ascribe to that lifestyle philosophy at all...............Everyone has to make choices and your choices are very different than mine................there was a time in my life when i lived check to check and had no luxuries............and then things changed..........when i started making money did i go out an buy things on credit? Nope.............we did without until we could afford it lock stock and barrel...................we live the un American life in my family by choice.............and all my kids have chosen the same path.......................its hard but boy is it rewarding when the fruits come to grow..................had to put that farming pun in.....

 

[rocketriter]

Yes, they do check your credit score before granting credit. They use this, in part, to determine how much you must put down. No, your DVC purchase does not ultimately appear on your credit report (unless you default or otherwise force them to take action against you).

 

[Inkmahm]

...but anyone who asks, "do they check a credit score" in the same thread as buying a LUXURY purchase item is making a huge catasrophic mistake by most good sane financial standards..............................

I agree. If you have to worry about having your credit score checked, chances are you can't afford the luxury item that is DVC.

 

[zdesiree]

PLEASE...PLEASE... DON'T TAKE THIS THE WRONG WAY... I'm NOT trying to be sarcastic or demean anyone and I hope this doesnt sound that way... So here goes.......I don't agree with this statement at all and I'll tell you why......
Some of us don't just have tens of thousands of dollars up front to buy something but can pay on a planned withdrawl type process. My dh and I work very hard for what we have and until we bought points (which by the way, we put our percentage down and financed all the rest through Disney financing) we would call WDW reservations for a place like AKL for 6-8 in our group. We then would take all year to pay little-by-little through the year. I figured it out and in just 4 years, our price of BWV will basically hit the price it cost us to get the rooms at AKL (AND BWV is much nicer and we can all be together rather than in separate rooms!!!) So, what's the problem with doing it this way... Doesn't your "typical working person" who may not have funds all banked up to whip out tens of thousands of dollars deserve to "own into " the DVC's also???.... I'll tell you, we live on a small farm and we wouldn't have our equipment or many other benefits that we enjoy if we didn't finance things... I took out loans to go to school (even took out more for "extra things" I'd need throughout the time I was in school)... Yes, these things are a "different" type of investment and I know that many on the forums think that DVC isn't an investment BUT many people (like my dh and I) feel that vacation is just as important (being as we both work full-time +++ AND tend to the farm) because we work hard and our "play time" is even more important for us. So it is an important "investment" for us. So, for those who are sure you can pay your financed amount... I say... GO FOR IT... YOU DESERVE IT TOO... BUT if you're not sure ..... maybe you shouldn't...

I agree with you 100%.

 

[Doug Wolfe]

DVC is fairly liberal in providing financing, so if your credit score is not perfect you will probably just have to put down a little higher down payment.

Click on this link:

www.disneyvacationclub.com

You can order a free DVD that is very informative.

 

[Kick Save]

but anyone who asks, "do they check a credit score" in the same thread as buying a LUXURY purchase item is making a huge catasrophic mistake by most good sane financial standards...

You went from zero to assumption in 5 seconds, though. The OP never stated anything about their financial situation, and gleaning that from just asking "Will they pull our credit?" is a pretty big leap.

Your credit score goes with you everywhere now, and almost every interest rate known to man is affected by it. There are legitimate concerns to having it pulled too many times in a short period of time. It's also possible an error appears that is dragging it down. Been there myself...they don't move to fast to fix errors on your credit report. (Three years of constant badgering in our case.) So, asking, "Will they pull our credit," is not automatically equal to "Lower Income."

My take from the first post was that the OP has a TON of info at her fingertips - both here, from the official website, and maybe just typing "Disney Vacation Club" into Google - and doesn't want to take the time to do some base research. If that's the case, something as complex as DVC might not be a grand idear.

But, to each their own...

 

[rinkwide]

It's becoming increasingly harder to BK out of debt and, bedside manner not withstanding, if those words prevent even one buyer with questionable credit from purchasing DCV then Bongo and all of Bongo's children shall be blessed for the rest of their days.

 

[birdiesunshine]

there is enough in those two lines for me to tell you dont buy it because it likely is not in your best interest....................pay cash as you go.

What a rude post. you have no idea what this poster's financial situation or past is. There can be a lot of reasons they asked if they check your credit. Geez!

 

[bongo59]

What a rude post. you have no idea what this poster's financial situation or past is. There can be a lot of reasons they asked if they check your credit. Geez!

Rude? Sorry..............truthful is more like it..........when you start asking about IF A CREDIT SCORE IS REQUIRED you should not be financing a 30 dollar mixer much less 15K worth of points...............you view of reality is completely foreign to me that is for sure....................but what i said was not rude.............

 

[bongo59]

You went from zero to assumption in 5 seconds, though. The OP never stated anything about their financial situation, and gleaning that from just asking "Will they pull our credit?" is a pretty big leap.

Your credit score goes with you everywhere now, and almost every interest rate known to man is affected by it. There are legitimate concerns to having it pulled too many times in a short period of time. It's also possible an error appears that is dragging it down. Been there myself...they don't move to fast to fix errors on your credit report. (Three years of constant badgering in our case.) So, asking, "Will they pull our credit," is not automatically equal to "Lower Income."

My take from the first post was that the OP has a TON of info at her fingertips - both here, from the official website, and maybe just typing "Disney Vacation Club" into Google - and doesn't want to take the time to do some base research. If that's the case, something as complex as DVC might not be a grand idear.

But, to each their own...

I assumed nothing..............when you ask about a credit score i think anyone knows why one would ask. If you have to ask about a credit score you should not be financing anything period................that is good common and financial sense and should go unsaid.....................

 

[Sammie]

I don't believe the OP said, whether her score was good or bad, and I think some are assuming a lot just because it was mentioned. Actually she might have a very good score and was hoping that would give her a better rate.

"Do they go by credit score"?, to me does not determine anything except an honest question.

I think you could have given her the benefit of the doubt.

 

[RobDoc]

I assumed nothing..............when you ask abouit a credit score i think anyone knows why one would ask. If you have to ask about a credit score you should not be financing anything period................that is good common and financial sense and should go unsaid.....................

You admitted that you assumed you know why "anyone knows why one would ask". Given the information provided by the OP, you really know nothing about their sepcific situation and are actually making huge assumptions based on you limited knowledge of their situation and your own personal bias regarding financing.

Did you pay cash for your home and auto?

 

[bongo59]

yes.......................I have only financed one business for two months.........after i bought it and had it sold in two weeks...........i dont use debt leverage at all................and Doc i am consistent..........the credit score remark is a clear signal she is going to finance something...........and i am consistent in telling everyone if that is the case dont do it.............wait to pay cash and buy a resale of from DVC direct.

 

[Sammie]

yes.......................I have only financed one business for two months.........after i bought it and had it sold in two weeks...........i dont use debt leverage at all................

Then you are very blessed by the financial gods, or your good wisdom. Some have that ability and others are blessed with other fine attributes such as humility and kindness.

We can't all be the same.

 

[bongo59]

Then you are very blessed by the financial gods, or your good wisdom. Some have that ability and others are blessed with other fine attributes such as humility and kindness.

We can't all be the same.

Thanks for the back handed compliment but i will keep saying it loud and clear............dont finance DVC ever. If i am viewed poorly so be it............i'd rather be a jerk giving sound advice than some one who is kind and filled with humility telling people a little debt for a luxury is OK because we all do it.................herd mentality is dangerous..............leads to performance of the mean of the sample............and if youre an animal who follows a herd you can fall off a cliff doing it too..............do the right thing save your money until your margin of safety is completely secure.