Upfront Costs Buying Direct

[tatkins]

I can’t seem to find the answer I’m looking for about upfront costs when buying direct and financing. I know you have to pay a minimum 10% down. Are the closing costs put into the loan? What about dues for that year? Can you do monthly or are they like resale and required to be paid in full at closing? Thanks

 

[TraderStitch]

10% down, closing costs are figured in after but paid at time of signing. Dues are prorated. Everything can be setup monthly.

 

[sethschroeder]

You can ignore me if you want but I still want to say it. I would not suggest taking out a loan.

If you view it as something you will pay off in 3-6 months time than ask DVC to split up the payments on the contract over 3+ months, charge it to a Disney Visa at those payment times, and then leverage the delayed payment on the Visa for Disney purchases to buy yourself 6-9 months before its all due.

Disney does foreclose on a number of contracts every year for people who take out loans with them and then are unable to make payments for whatever reason.