Trying to get a loan for DVC ...help

[CarolAnnC]

This thread has been edited due to arguments, off topic, and attacks. This is a warning, and if it continues the thread will be closed with possible infraction points. Thank you all for your cooperation in advance.

 

[hellerjw]

The flip side of not doing it now is that the price per point keeps going up. We bought in at AKV about 2 years ago at $94/point and financed. AKV is now going for $105.75/pt (with incentives). That's a $11.75/pt difference in less than 2 years! Depending on the number of points you buy in at that can be a very significant amount. The cost of waiting could easily offset a large portion of any finance charges that you might accrue over the next few years.

My point being is that if you can swing it then financing is a viable option just like paying cash. You can get in now before the next price increase and start enjoying your stays almost immediately.

 

[goofygal1975]

Thanks for everyones opinions and advice. We have decided to go ahead through Disney to finance and we are completely fine and OK with our decision! We sent in our contract today!!!

 

[kikiq]

Then let me say:
Welcome Home!

 

[nunzia]

Thanks for everyones opinions and advice. We have decided to go ahead through Disney to finance and we are completely fine and OK with our decision! We sent in our contract today!!!

Welcome Home!

 

[Sandisw]

I know that many think that the only way is to pay cash but I look at it this way. We currently go to WDW every year and always stay Deluxe. 99% of the time it is at the Contemporary and we spend about $2500.00 on the room portion part of the trip (I am a family of 5).

When I go in August, I will be adding on a 100pt contract at BLT. I will be financing it through a 7% loan for 5 years. I compared the yearly cost of this loan to what I already pay each year in cash for my room and it will only cost my about $200.00 more. I can swing that extra $200.00.

I am fortunate enough that I will actually be able to pay off the loan in less than 3 years so I figure at that point, I will actually be "saving" money each year on my vacations compared to what I am currently paying.

For me, the bottom line is pretty much the same. I have built into my budget to spend that money on lodging for vacation and whether I pay it in the form of a loan or to pay for a hotel stay, I feel I am paying "cash".