Disney Vacation Club (DVC) has introduced a new 15-year financing option for direct purchases, offering greater flexibility for potential buyers. This development is designed to make membership more accessible to individuals and families by spreading payments over an extended period. Below, we explore the details of this financing option and what it could mean for both new and returning DVC members.
Overview of the New 15-Year Financing Option
The 15-year financing term is now available for new buyers and existing DVC members who are looking to add points. Interest rates start at 12.5% for first-time buyers but can decrease to 12% if they choose automatic monthly payments directly from their bank account. Current DVC members receive a slightly lower rate, beginning at 11.5% or 11% with automatic payments in place.
This extension provides an alternative to the standard 10-year financing option, allowing buyers to lower their monthly costs while taking on a longer repayment period.
Comparing Monthly Payments Over 10 and 15 Years
To illustrate the impact of this financing term, consider the purchase of 150 DVC points at Disney’s Polynesian Villas & Bungalows. If a first-time buyer opts for the 10-year payment plan, their monthly obligation would be approximately $445.48. With the new 15-year term, this drops to $372.65 per month, offering immediate budget relief.
For existing members, similar reductions apply, with monthly payments decreasing from $420.28 over 10 years to $346.78 over 15 years. However, the longer term comes with increased overall interest costs, adding approximately $13,600 more for new buyers and $12,000 for current members over the life of the loan.
Key Requirements and Property Eligibility
The 15-year financing term is available for purchases at all DVC resorts currently being sold. Examples include Disney’s Polynesian Villas & Bungalows, where ownership extends until January 31, 2066, and The Cabins at Disney’s Fort Wilderness Resort, which includes points valid until January 2075.
It’s important to note that a minimum down payment of 10% is required, and interest rates may vary depending on individual circumstances. Annual dues, which are an additional cost of DVC ownership, are not included in the financing figures above.
Considering Resale Purchases Versus Direct Financing
While direct financing offers convenience, some buyers may want to explore DVC resale options. Resellers often provide more affordable prices for purchasing points, though these may come with restrictions on certain benefits. Additionally, companies like Vacation Club Loans offer comparable interest rates for financing purchases on resale contracts, giving buyers multiple avenues for securing DVC points.
Is the 15-Year Option Right for You?
The extended financing term appeals to those who prioritize lower monthly payments, potentially making DVC membership more financially feasible. However, it’s important for buyers to weigh their long-term financial plans, as the added interest over 15 years represents a significant increase in the total cost of ownership.
Final Thoughts
The introduction of a 15-year financing option represents Disney Vacation Club’s effort to offer greater flexibility to prospective and current members. By lowering monthly payments, this term may open doors for individuals and families considering DVC membership.
Whether purchasing directly from Disney or exploring resale options, potential buyers should carefully evaluate their budget, long-term goals, and ownership needs before making a commitment. With proper planning, DVC ownership can continue to provide memorable vacations and value far into the future.
For more updates on the latest developments at Walt Disney World, stay tuned to the DVC Shop blog and subscribe to our newsletter to get our latest articles delivered to your inbox.
Stay At Deluxe Resorts For Less
If you’d like to view confirmed reservations for rent at Disney’s Deluxe resorts, you can experience Disney’s most luxurious resorts for less, even without being a DVC member! If you’re interested in becoming a member, and joining the DVC family, you can save thousands by shopping from our current DVC resale listings.
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Written by
Rachel Van Norman
Contributing Writer
Rachel fell deeply in love with all things Disney as a little girl. Now as a wife and a mother herself, she shares this Disney obsession with her son and everyone around her. From her love of princesses to eating all the Disney food, Rachel spends her time radiating Disney magic and keeping everyone up to date on Disney news.
