Are you planning a trip to Disney World or Disneyland? Have you heard about the Disney Vacation Club (DVC)?
It’s a timeshare program that allows members to vacation at Disney resorts all over the world. But, can you finance your membership? Let’s find out.
What is the Disney Vacation Club?
The DVC is a timeshare program operated by Disney. Members purchase points that can be used to book stays at Disney resorts around the world. The DVC offers different levels of membership, each with its own benefits and costs.
Can You Finance a DVC Membership?
Yes, you can finance your DVC membership through Disney. Financing is available for both new and resale memberships. Financing terms vary depending on the type of membership and the amount financed.
New Memberships
For new memberships, financing is available through Disney Vacation Club Financing. The terms for financing vary depending on the cost of the membership and other factors. Generally, terms range from 10 to 20 years with interest rates starting at around 9%.
Resale Memberships
If you are purchasing a resale membership through a third-party broker or seller, financing may also be available. Some brokers offer financing options for resale memberships with terms ranging from 5 to 10 years.
Benefits of Financing Your DVC Membership
Financing your DVC membership allows you to spread out the cost over time, making it more affordable for many families. It also allows you to start enjoying the benefits of being a member right away, rather than waiting until you have saved enough money to pay for it in full.
Additional Considerations
Keep in mind that financing your DVC membership means that you will be paying interest on top of the cost of your membership. This can add up over time, so be sure to factor it into your budget. Additionally, if you finance your membership through a third-party broker, you may not be eligible for certain member benefits such as discounts on dining and merchandise.
Conclusion
In conclusion, financing is available for both new and resale DVC memberships. It allows you to spread out the cost over time, making it more affordable for many families. However, it’s important to consider the additional cost of interest and potential limitations on member benefits when deciding whether or not to finance your membership.