Tammi67
<font color=green>1st to out the Tag Fairy as the
- Joined
- Oct 29, 2004
- Messages
- 23,325
Ok, I'm back.
Denise -
We bought 200pts at SSR. The price was $98.00 per pt, $19,600. With the 15% discount, that brought the price per point down to $83.30 or $16,660. Disney offers financing, with their interest rate of 9.75%. If we would have financed for 10yrs., our payment would have been 192, 7 yrs. 242.14, 5 yrs. 310.53, 3 yrs. 472.60. We opted to pay it with our equity loan, as the interest rate on that is 2 pts. better. For 2006, their maintenance fee is $3.3808 per pt, so for 200 pts. it is 796.16/yr or 66.35/mo. You can by it monthly by direct withdrawal from your checking account. If you want to know what payments would be for more/less pts., let me know. I have their whole pricing chart. Also, I need to check with our account to find out exactly how much, but a percentage of that maintenance fee is tax deductible.
My only concern about not getting a resort other than SSR is if they get tons and tons of more people joining SSR. But, when we took the tour, our guide told us they had plans in the works to build 4 more DVC resorts at WDW, over the course of the next several years.
I had questions like that too Denise, like why not buy somewhere cheaper HHI or VB, or buying a resale. I read alot over on the DVC board about pros/cons, and I think there seemed to be a lot of cons compared to the pros.
Let me know if you have any other questions.
Denise -
We bought 200pts at SSR. The price was $98.00 per pt, $19,600. With the 15% discount, that brought the price per point down to $83.30 or $16,660. Disney offers financing, with their interest rate of 9.75%. If we would have financed for 10yrs., our payment would have been 192, 7 yrs. 242.14, 5 yrs. 310.53, 3 yrs. 472.60. We opted to pay it with our equity loan, as the interest rate on that is 2 pts. better. For 2006, their maintenance fee is $3.3808 per pt, so for 200 pts. it is 796.16/yr or 66.35/mo. You can by it monthly by direct withdrawal from your checking account. If you want to know what payments would be for more/less pts., let me know. I have their whole pricing chart. Also, I need to check with our account to find out exactly how much, but a percentage of that maintenance fee is tax deductible.
My only concern about not getting a resort other than SSR is if they get tons and tons of more people joining SSR. But, when we took the tour, our guide told us they had plans in the works to build 4 more DVC resorts at WDW, over the course of the next several years.
I had questions like that too Denise, like why not buy somewhere cheaper HHI or VB, or buying a resale. I read alot over on the DVC board about pros/cons, and I think there seemed to be a lot of cons compared to the pros.
Let me know if you have any other questions.

