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Monthly Payment Plan
- Thread starter Sonconato
- Start date
Personally, I would. I currently have the monthly plan because there is no interest charged. It hits my Amex every month and I pay it off every month. If they gave a discount for a pre-payment, or alternately, forced me to put the entire amount on a CC (subjecting it to interest charges), then I would make one lump payment at time of renewal.
Grumpy06
Member
unlessthere is a new plan I don't know abpout only Florida residents have a payment plan rest of us have to pay in full to purchase
Thanks for pointing that out. I was not aware of that.
It would be great to have a discount on prepayment! I often thought that myself.
Cmdr_Crimson
Well-Known Member
Being out of state and still have the conveinence of purchasing an AP doing half credit/Debit it helps paying it off much quicker.
sxeensweet
Love a little Disney every day!! ;)
I live outside of Florida so no monthly payment plan for me. But if I did live in Florida it wouldn't matter regardless. I would still buy it payment plan or not. 
disney4life2008
Well-Known Member
Be clear the payment plan is only for residents of the state of florida. with that said, paying so little a month to enjoy a year of disney is worth it. with the increased price a few weeks ago if I lived out of state I do not think I would be able to maintain my AP.
Grumpy06
Member
I wish they would come up with a out of state plan,even though we are dvc members it is still a lot of money to pay at once for wife and i
JasonDeyoung
Well-Known Member
I had a resident ap before the payment plan, and love the payment plan. Hopefully it stays, very convient and easy. Hardly ever even notice them taking he payment.
fireworksandfairytales
Well-Known Member
- In the Parks
- No
As a college student, I would definitely have to downgrade from a "platinum" pass to whatever the lowest one is, because coming up with the full price right off the bat would be nearly impossible for me. I love the payment plan and I think it makes visiting Walt Disney World much more accessible for a lot of people.
Chef Mickey
Well-Known Member
In general, if you have to buy something on monthly payments of any kind, you can't afford it.
So taking it away should have no impact, in my opinion. If they have a monthly payment option at no interest, sure? But if you're doing it to budget the cost, you can't afford it.
So taking it away should have no impact, in my opinion. If they have a monthly payment option at no interest, sure? But if you're doing it to budget the cost, you can't afford it.
raven
Well-Known Member
If your payment date falls on a holiday or day that the banks close, be aware that Disney will take the money out of your account up to 3 days early!
And if there is the slightest glitch when they communicate with your bank electronically on your payment date, you will be locked out until you resolve the issue.
And if there is the slightest glitch when they communicate with your bank electronically on your payment date, you will be locked out until you resolve the issue.
BuddyThomas
Well-Known Member
That is utterly obnoxious.
Many of us mere mortals have to budget and save and break up payments to be able to go. We CAN afford it. We just have to work a little harder to do so.
The monthly payment plan is at no interest. That is why a lot of people do it.
Chef Mickey
Well-Known Member
I bet more people do it because they can't afford the full payment up front. This is America. Monthly payments are part of the fabric of American consumerism.
Chef Mickey
Well-Known Member
Hmm, from a financial perspective, I am dead on. I know you don't like my views on finances from previous interactions, but finance 101...if you can't afford frivolity in cash up front, you can't afford it.
Even with a car loan, monthly payments at anything other than 0% are obnoxious because the "asset" is going to $0. Furthermore, you're still paying for the 0% financing in the total price of the car. You can routinely get better deals on all cash because they bake in the 0% financing to the price of the car and no one notices or cares because they got "free money" (nothing is free) and a monthly payment they can afford. Ever see $3000 OR 0% financing? My point.
Discretionary items like Annual Passes to Disney have no intrinsic value and serve no purpose other than entertainment. To pay for something purely for entertainment on a monthly basis because you can't afford the entire payment up front is not only objectively an incorrect approach, but utterly obnoxious financial behavior.
Wendy Pleakley
Well-Known Member
In this example, I think of an annual pass like a gym membership. It's not something you use, and then pay for after the fact. Presumably a regular visitor would be paying to use their pass as they go.
Different than buying something you really can't afford and paying it off for months or years afterward.
BuddyThomas
Well-Known Member
You can't possibly be saying that the only people who deserve to take a trip to WDW are the ones who can afford to pay for the entire trip upfront in one shot...........can you? Guess that'd clear your parks out for ya real quick, wouldn't it?
disney4life2008
Well-Known Member
Yep this happened to me on NYE. A little different situation, my credit card information changed and I forgot to contact them to update. Showed up at MK on NYE and was embarrassingly turned away lol. I went to guest services to discover my pass was revoked for non payment. It was my goof and she immediately fixed it and I was in. And yes, disney takes money out well in advance.