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-   -   about to purchase - dues?? (http://www.disboards.com/showthread.php?t=3221996)

Mizzgolitely 01-14-2014 07:48 PM

about to purchase - dues??
 
Hi all -

My question -

If I purchase GFV now - and I wanna do the lump sum for the dues - is it all do up front now, or later??

Im debating doing the monthly vs. yearly?

Thanks

SugarLoaf 01-14-2014 09:05 PM

Quote:

Originally Posted by Mizzgolitely (Post 50479458)
Hi all -

My question -

If I purchase GFV now - and I wanna do the lump sum for the dues - is it all do up front now, or later??

Im debating doing the monthly vs. yearly?

Thanks

Dues are paid at the beginning of each year. So they would be due now, vs. later, for this year's dues. If I understand your question correctly. :)

Dean 01-14-2014 09:09 PM

Quote:

Originally Posted by Mizzgolitely (Post 50479458)
Hi all -

My question -

If I purchase GFV now - and I wanna do the lump sum for the dues - is it all do up front now, or later??

Im debating doing the monthly vs. yearly?

Thanks

Paid up front as a lump sum or in arrears if done monthly as a direct bank debit.

Lorilais_mommie 01-14-2014 11:28 PM

I hate to high jack the your thread, but I had a quick question.. And the answer might help you too..


If you opt. For the monthly dues payments, can you pay off the year early?

Dec/jan is normally A tight month for us, but buy April we should be able to pay off the rest of year..

So can I opt into the monthly payments and then in April pay off the rest of the year?

Dean 01-15-2014 07:10 AM

Quote:

Originally Posted by Lorilais_mommie (Post 50480515)
I hate to high jack the your thread, but I had a quick question.. And the answer might help you too..


If you opt. For the monthly dues payments, can you pay off the year early?

Dec/jan is normally A tight month for us, but buy April we should be able to pay off the rest of year..

So can I opt into the monthly payments and then in April pay off the rest of the year?

I know you can and I don't think it messes up your registration for monthly payments. However, if you're looking at buying and things are that tight, a timeshare may not be a blessing for you.

kamik86 01-15-2014 07:21 AM

Quote:

Originally Posted by Dean (Post 50481257)
I know you can and I don't think it messes up your registration for monthly payments. However, if you're looking at buying and things are that tight, a timeshare may not be a blessing for you.

I'm not sure that is really fair. I mean I would say Dec/Jan is a tight month for me too. Partially because I hate spending from savings.

In Dec/Jan I have:
Christmas, DVC dues, My husband's birthday, Car insurance comes due, and that is generally about the time we need to order more oil to heat the house.

This all results in a big deduction from our savings account. Yes part of that is that we have been putting in money to cover these things but that doesn't stop me from having that mild panic of "Oh no all the money came out all at once and now we have so much less" By March or April its nicely came back up to more normal levels and everything is good. So I could understand just wanting one less bill to hit at the same time.

Lorilais_mommie 01-15-2014 07:45 AM

Quote:

Originally Posted by Dean (Post 50481257)
I know you can and I don't think it messes up your registration for monthly payments. However, if you're looking at buying and things are that tight, a timeshare may not be a blessing for you.


My husband and I both have VERY large families and between christmas, birthdays (in dec for both our kids), and other taxes coming due in jan. things can become tight..
However we are very good at setting a budget and sticking to it.. It would just mean Smaller christmas, and maybe instead of huge birthdays parties they kids will have to settle for a small home party..

In April we normally have extra cash, due to the way our budget is set.
It just takes a few months to recover from the major damage we due during the holiday time.

However if we could do payments I can build that into the budget each year, and then should for some reason we be unable to pay the lump sum, we can continue to make monthly payments...

And if in April as planned we have the money, we pay it, and move on..


Also we would have the annual dues in our savings account, but as a rule we DON'T touch if we can cut back other ways.
Just b/c we have the money in the savings account, doesn't mean we blow the budget each year.

I hope this make sense to everyone..

Lorilais_mommie 01-15-2014 07:50 AM

Quote:

Originally Posted by kamik86 (Post 50481314)

I'm not sure that is really fair. I mean I would say Dec/Jan is a tight month for me too. Partially because I hate spending from savings.

In Dec/Jan I have:
Christmas, DVC dues, My husband's birthday, Car insurance comes due, and that is generally about the time we need to order more oil to heat the house.

This all results in a big deduction from our savings account. Yes part of that is that we have been putting in money to cover these things but that doesn't stop me from having that mild panic of "Oh no all the money came out all at once and now we have so much less" By March or April its nicely came back up to more normal levels and everything is good. So I could understand just wanting one less bill to hit at the same time.

EXACTLY!
It's not that we don't have the money but hate to touch the savings account..
We view our money in our savings account as an emergency fund, and having to pull money each year for dues, would cause a mild panic until April when we could put it back In..

nkereina 01-15-2014 06:39 PM

There are a lot of strong opinions on here when it comes to other people's finances. There's a small percentage of people in this world who have an excess well beyond their standard of living, and if DVC purchases were only made by those folks, it would have folded a long time ago :thumbsup2

Dean 01-15-2014 07:06 PM

Quote:

Originally Posted by kamik86 (Post 50481314)
I'm not sure that is really fair. I mean I would say Dec/Jan is a tight month for me too. Partially because I hate spending from savings.

In Dec/Jan I have:
Christmas, DVC dues, My husband's birthday, Car insurance comes due, and that is generally about the time we need to order more oil to heat the house.

This all results in a big deduction from our savings account. Yes part of that is that we have been putting in money to cover these things but that doesn't stop me from having that mild panic of "Oh no all the money came out all at once and now we have so much less" By March or April its nicely came back up to more normal levels and everything is good. So I could understand just wanting one less bill to hit at the same time.

IMO, being able to afford the payments is a far cry from being able to afford the purchase. DVC is a timeshare and a luxury purchase. My post above is about as soft as I can peddle it, my personal feeling is that it is inappropriate to buy a timeshare or any luxury purchase with other consumer debt. Even then there is risk if life happens in other areas.
Quote:

There are a lot of strong opinions on here when it comes to other people's finances. There's a small percentage of people in this world who have an excess well beyond their standard of living, and if DVC purchases were only made by those folks, it would have folded a long time ago
Probably but my goal isn't to throw my fellow passengers in life under the bus to protect a timeshare system. IMO anyone that can truly afford it and it's important to, can save up the money and buy it. If they can't they fall into one of those two groups if not both. If they chose to take additional risk by financing, they do simply that, take additional risk and waste additional money. It's not about having excess but living within one's means. Those that believe you could only buy for cash if you are wealthy are simply incorrect.


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