Spring Direct Incentives 2/9-4/27

[muppets3d]

Kind of a defensive response... That is not what I meant. All kinds of people abuse systems.

I don't see it as abusing the system when DVC allowed people to pay the full balance within 90 days on credit card installments and they did so. Or whatever the timeframe is now. I'm not trying to be argumentative I'm just trying to understand how that is abusive.

 

[muppets3d]

Yeah, Id bet 70% of people requesting to spread payments learned about it here or some other SM page. Not all guides offer it or encourage it.

My guide offered it when we first bought but we gained a rapport with him before we decided to buy, I wouldn't expect that most guides would offer the extended payments to most prospective members. Especially if guidance from DVC is now to nudge people to financing, which it seems like it is. I recall last year we went on a tour on a cruise with a guide we didn't know and he just spewed out the payments for an add-on, never even mentioning the full price. Felt sort of like a car sales pitch.

 

[Cfabar1]

Keep in mind you can also pay a downpayment and pay off the loan with no prepayment penalties after 90 days... you pay the interest, but it is in the scheme of things, minimal...

That's what I would push people towards if I were Disney... Or say charge it all on your Disney Visa(s) and get the 6 months to pay it off...

 

[VGCgroupie]

I don't see it as abusing the system when DVC allowed people to pay the full balance within 90 days on credit card installments and they did so. Or whatever the timeframe is now. I'm not trying to be argumentative I'm just trying to understand how that is abusive.

I replied after saying how it could be abused. It can easily be abused. I did 90 day so I wasnt throwing any shade at someone taking 90 days if thats what you thought.

You dont make your payment and QA has to reach out to you, takes man power to hunt people down for payments. You don't pay by the cut off, at that point they cant foreclose because it not financing it was just delayed payments, this also costs them time and money. In extreme cases people have access to points and may have actually used them but not paid. Financing is different because you are tied to them by way of credit. Delayed closing w/ spread out payments is not the same.

 

[Cfabar1]

My guide offered it when we first bought but we gained a rapport with him before we decided to buy, I wouldn't expect that most guides would offer the extended payments to most prospective members. Especially if guidance from DVC is now to nudge people to financing, which it seems like it is. I recall last year we went on a tour on a cruise with a guide we didn't know and he just spewed out the payments for an add-on, never even mentioning the full price. Felt sort of like a car sales pitch.

Personally, I can't get there with financing DVC... just feels too risky for me... I know I can sell it, but I'd hate to be price sensitive and have to pay money to offload it...

I'd imagine the savings are still there over cash rooms at the hotel, plus knowing you have villa availability is huge... but, just isn't the right way for me to go...

 

[muppets3d]

I replied after saying how it could be abused. It can easily be abused. I did 90 day so I wasnt throwing any shade at someone taking 90 days if thats what you thought.

Didn't see that reply, thanks for the clarification.

 

[Genie+]

can say no chance I ever would have agreed to financing and there many that are like me.

Same for us, and I know having that time to pay it off made a huge difference in our eagerness to proceed.

When I bought direct, between the 90 days, and the six month no interest payments with DVC Visa, in essence, oversimplified, I got a year to pay off my DVC loan...

Now that was the PRO move lol. We could’ve planned a bit better but we’re still happy with the results.

 

[muppets3d]

Personally, I can't get there with financing DVC... just feels too risky for me... I know I can sell it, but I'd hate to be price sensitive and have to pay money to offload it...

I'd imagine the savings are still there over cash rooms at the hotel, plus knowing you have villa availability is huge... but, just isn't the right way for me to go...

I totally agree, I paid cash for all my contracts (well 90 days stretched out payments with 6 months same as cash on Disney Visa). But financing is very popular of course or DVC wouldn't offer it, and indeed they are offering longer terms than ever now. Especially as the price per point has risen, and the actively selling resorts are quite point hungry.

 

[VGCgroupie]

I totally agree, I paid cash for all my contracts (well 90 days stretched out payments with 6 months same as cash on Disney Visa). But financing is very popular of course or DVC wouldn't offer it, and indeed they are offering longer terms than ever now. Especially as the price per point has risen, and the actively selling resorts are quite point hungry.

The way it was presented didnt sit right with me at all. She wouldnt even tell me the price just payment per month even when I said 5 times I wouldnt finance. She had a one track mind and wouldnt deviate from her script.

 

[gvel]

Thanks I was thinking the traditional model.

Certainly another reason not to trust the trust lol

For sure. Also, this is making the fix weeks more appealing. It seems to be a great hedge against potential shady behavior.

 

[muppets3d]

The way it was presented didnt sit right with me at all. She wouldnt even tell me the price just payment per month even when I said 5 times I wouldnt finance. She had a one track mind and wouldnt deviate from her script.

That was exactly our experience on the Dream last year with a guide we had never met. Well he did show the old school price sheets with the total price shown (I guess those are now extinct as of this cycle?), but all he talked about was money down and money per month. I was just there for the swag not to buy so I didn't press him. But I thought about using my old line when buying cars, "I'm not here to buy a payment book so let's talk actual prices" - if we actually liked PIT and wanted points there I might have. But we were just there for whatever cheap swag they gave away in exchange for a tour.

My normal guide when we bought Riviera in 2023 actually told us about the extended payment options with credit cards, namely Disney Visa, and that was what helped us make the decision to buy initially. That's what helped us decide to buy 200 points rather than the 150 we planned on. That staved off addonitis for a few months at least, haha.

There is a lot to know about buying a timeshare. It is a huge commitment, indeed a lifetime commitment or very close to it if you're buying a new resort. You can't trust the guides selling it to give you all the information willingly so you can make an informed decision. They only tell you what they want you to know. It's up to you to ask questions.

As always, no feelings are hurt in business.

 

[VGCgroupie]

That was exactly our experience on the Dream last year with a guide we had never met. Well he did show the old school price sheets with the total price shown (I guess those are now extinct as of this cycle?), but all he talked about was money down and money per month. I was just there for the swag not to buy so I didn't press him. But I thought about using my old line when buying cars, "I'm not here to buy a payment book so let's talk actual prices" - if we actually liked PIT and wanted points there I might have. But we were just there for whatever cheap swag they gave away in exchange for a tour.

My normal guide when we bought Riviera in 2023 actually told us about the extended payment options with credit cards, namely Disney Visa, and that was what helped us make the decision to buy initially. That's what helped us decide to buy 200 points rather than the 150 we planned on. That staved off addonitis for a few months at least, haha.

There is a lot to know about buying a timeshare. It is a huge commitment, indeed a lifetime commitment or very close to it if you're buying a new resort. You can't trust the guides selling it to give you all the information willingly so you can make an informed decision. They only tell you what they want you to know. It's up to you to ask questions.

As always, no feelings are hurt in business.

The guide that did that with the financing was also a cruise guide . I wasn’t on a cruise but she said she was about leave to go on a cruise where she was working. I got to her by chatting in. So happy I got a new guide recommendation here.

 

[muppets3d]

The guide that did that with the financing was also a cruise guide . I wasn’t on a cruise but she said she was about leave to go on a cruise where she was working. I got to her by chatting in. So happy I got a new guide recommendation here.

Maybe that's just the way the cruise guides are trained to position the product. Who knows? We need someone on the inside

 

[eticketplease]

cars, "I'm not here to buy a payment book so let's talk actual prices"

Great quote!!

 

[tx911]

My guide also said 30 days. I asked/assumed 60 days like my previous direct purchases, but she was very insistent that 30 days is it now. This was less than 2 weeks ago.

Also, friendly reminder to those of us using the Chase Disney Visa to get a free 6 month loan. The fine print says 6 months from the original transaction date, which is less than 6 billing cycles later. Even when you see the "interest saving balance" on the 5th credit card statement after your transaction, don't believe it. It's a trap! They want to catch you and charge you interest.

It seems wrong that they can effectively say "pay this much to avoid interest", then you pay that much and get charged interest.

 

[VGCgroupie]

It seems wrong that they can effectively say "pay this much to avoid interest", then you pay that much and get charged interest.

Too easy

 

[tx911]

Too easy

I always consider it 5 months no interest just to be on the safe side

 

[Flash_Sloth]

Interesting. I guess I didn't even think about it. I just asked if he could put the payments on my Disney Visa and if I could spread it out because of my limit. He had me pick the dates and that was that, basically. (Of course, I've since increased the credit limit so I didn't even need to wait but that's okay.

If I log into the DVC site, it shows my upcoming payment amount listed with tomorrow's date so I'm assuming it's set to go through. I will be checking because I plan to pay the balance immediately anyway.

Oh interesting; I see my future scheduled payments on the DVC website. Similarly, I came up with a schedule of payments because the total contract price is more than my Chase Disney Visa credit limit, and I'd prefer to get the credit card rewards with it vs. using other cards.

 

[VGCgroupie]

I always consider it 5 months no interest just to be on the safe side

Same. I used to work for Amex and I have seen many times how much back interest gets charged if you are 1 day over

 

[Genie+]

Same. I used to work for Amex and I have seen many times how much back interest gets charged if you are 1 day over

Painful day that one

Not sure which hurts more. That one or seeing how much principal you’ve paid in after 2 years of $500/month with the 15 year financing? Paid off $12k but almost $9k of it was interest. Soul crushing. I know it gets better down the road but I wouldn’t survive long enough to see it because looking at these payments would kill me