What is current interest rate for BCV?

[mmmcq]

Our guide is out until next week. I could ask someone else, but someone must have bought recently who knows what ballpark the rate is in?

Are they usually firm on this rate or has anyone gotten the rate down after negotiating? Does it vary at all with the number of points you take?

We took what we were offered the first time around - without many questions because we were so thrilled to be buying into BWV. Now we're looking at DVC direct at BCV vs BWV resale and I just want to make sure I have as many facts as possible to look at before we make a decison on whether to add on at BCV before December.

Thanks in advance for any info.

 

[ohanafamily]

I bought all of my points direct, but my guide knows that I want as low a price as possible, and that I can be talked into spending more. Case in point, I needed 25 points (for a cruise; it made sense to buy a few more points rather than pay almost that much for my darling bride to go with me) He talked me up to 150 at BCV and I got in on the special (I do not think it is still available, but we got 5 nights we are spending in the Poly in 2 weeks).

I am not sure what specials they are currently running, but if your guide is off, I am sure there is someone covering for them. Call Customer Service (800) 800-9800 Option 1 is Member Accounting, and if they can't help, Option 2 is Ownership... it doesn't hurt to ask. If you are not happy with your guide, they can solve that one too. They want you to have a magical experience, and will help if you let them.

 

[jkscpa]

Was in ther today. 10.95% if you do 20% down, and direct debit. It is 1% more for 10% down or if you have a statement mailed. I asked if the rate was firm, and was advised that it was.

 

[ohanafamily]

I don't remember the rates, but 10.95 seems a bit excessive. I was a little creative, they offerred a few months of no interest. I spread out the payments 1 a month on my MC and didn't pay any interest. I would check out some of the other threads where they sell / rent the points for a "Deal"

 

[erikthewise]

The best interest rate is between 4% and 5%, if you put it on a home equity line. Disney's 11% or 12% IS excessive. How much difference does it make? For a 10-year loan, it would be nearly enough to pay your annual dues! For a shorter term, the difference would be less, but still significant.

 

[mmmcq]

Thanks all. I just got the confirmation on the rates you've already quoted and it is high compared to our current mortgage rate which is an unusually low 3% for the next 4 months! We're going to check out the equity loan, but we just refinanced.....

 

[d-r]

We went 10% down, five year payment plan, 10.5% interest.

DR