What interest rate did you pay.....

[POLLY ANN]

when you purchased your DVC through Disney? I don't even remember, but I need to call DVC to find out. (It's between paying DVC off and my car so I want to see which one has the higher interest rate.)

So, just curious, what was your interest rate?

 

[jmminarik]

I believe the rates from DVD were 10.9 if they debit your bank account vs. 11.9 if you wrote them a check. However, for many people, DVC interest payments count as a tax deduction because you're paying a 'mortgage' on a 'home'. THis means the effective rate you're paying will be lower...too brain dead to do the math to determine the effective rates.

Hope this helps,
Joe

 

[travelbug]

My rate with Disney when I bought 2.5 years ago was 9.9%. I later paid off the balance with my home equity line which follows prime rate. So I got a much lower interest rate that way.

 

[disvaclub92]

member since 92, paid in full one year 0%

 

[Regina]

We joined early, 12/1/91 to be exact, and they were offering the 0% interest for the first year that disvaclub mentioned. We paid if off within that timeframe, so no interest.

 

[BCVOwner2002]

I joined in June '02 and the rate was 10.95% if you did direct withdrawal from your checking account or 11.95% if you mailed payment each month. Annmarie

 

[anniet]

same here as BCVOwner2002 and we bought 3/02!