Along with a series of recent and pending price increases for Disney Vacation Club point purchases, the interest rate for new member purchases has also gone up.
DVC is now charging a rate of 11.75% for up to 10 years to new members with "preferred" credit. For those who do not qualify for the preferred credit level, the rate is now 15.75%. Those rates assume scheduled direct debit of monthly payments. A minimum 10% down payment is also required.
At the present, current DVC members can still finance add-on point purchases at a rate of 10.75%.
Contact a Disney Vacation Club sales representative for additional details.
While the rates are high, there can be tax benefits to finacing through DVC given the manner in which the mortgage is secured by deeded real estate. Buyers can also elect to obtain their own financing independent of DVC. Home equity loans are a common source of low interest financing for a purchase like Disney Vacation Club points.
