Mickey of the Villages
Can't have nice things
- Joined
- May 6, 2019
- Messages
- 248
My wife and I recently bought 3 contracts. One might say we got caught up in Pete's exuberance about DVC (e.g., The DVC Shows and Patreon podcasts) but we've wanted to do it for years (like since 1996). We researched it several times over several years. No one needs to worry that we don't know what we're getting into and we know that there are no guarantees other than use of our points and annual maintenance fees.
We paid cash for one contract (150 points CCV direct) and used financing for two more (100 points at CCV direct and 300 points resale OKW through Timeshare store). During the weeks we spent finally deciding to buy and the months since then we've noted that many people are of the opinion that one should only buy DVC if you can pay cash. We've also observed that some folks have a sense of superiority about this and use a tone I would call "judgey." This is top of mind because yesterday I read a thread in which the OP asked whether Disney would just take back her 3 year old contract because she couldn't really use it any more and one individual essentially responded that the OP should not have financed something they couldn't afford. Affordability was never mentioned by the OP - just that it couldn't be used. That exchange has led to this post.
I've had mortgages, car loans, student loans, credit cards - I've used all the financings. Sometimes really stupidly - mostly really stupidly. I would argue that the use of financing for DVC is one of the smartest ways I've ever used debt.
I get it that the Dave Ramsey's of the world think all debt is from el Diablo and I would agree that debt should be managed well but to say that it cannot be used for something like DVC is foolish in my opinion. And the judgement of others' decisions in this regard should be met with an old fashioned: nobody asked you and its none of your business.
Have you noticed this?
We paid cash for one contract (150 points CCV direct) and used financing for two more (100 points at CCV direct and 300 points resale OKW through Timeshare store). During the weeks we spent finally deciding to buy and the months since then we've noted that many people are of the opinion that one should only buy DVC if you can pay cash. We've also observed that some folks have a sense of superiority about this and use a tone I would call "judgey." This is top of mind because yesterday I read a thread in which the OP asked whether Disney would just take back her 3 year old contract because she couldn't really use it any more and one individual essentially responded that the OP should not have financed something they couldn't afford. Affordability was never mentioned by the OP - just that it couldn't be used. That exchange has led to this post.
I've had mortgages, car loans, student loans, credit cards - I've used all the financings. Sometimes really stupidly - mostly really stupidly. I would argue that the use of financing for DVC is one of the smartest ways I've ever used debt.
I get it that the Dave Ramsey's of the world think all debt is from el Diablo and I would agree that debt should be managed well but to say that it cannot be used for something like DVC is foolish in my opinion. And the judgement of others' decisions in this regard should be met with an old fashioned: nobody asked you and its none of your business.
Have you noticed this?
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