How do most people finance resales?

[2rebecca]

This sounds like CareCredit by Synchrony Bank. They give you a 0% promotional interest rate and if there’s even a $.01 balance after the promo period ends, they’ll charge you all the accrued interest to date, at a rate ~25%. If it’s not illegal, it absolutely should be

I didn't think about CareCredit being available for Vet bills, but you're probably right. We were all surprised anyone gave her an unsecured loan for that amount of money.

 

[Fido Chuckwagon]

If you really need to get a loan, why not get a home equity loan then pay it off in 12 months like you were planning originally?

Companies like Monera make DVC loans because the contract is the collateral. If you don't pay the loan, they take the contract. I paid more than $19,000 for my DVC timeshare, but paid cash. When it comes to timeshare purchases, pay as you go it the way to go.

The pro move is probably:
1. Open a HELOC But don’t use it; and
2. Take advantage of zero percent financing offers no credit cards.

This gets you a lower interest rate than what you would have from the HELOC, but the HELOC is there in case of an emergency if you find you can’t pay off the credit card before the rate resets.

I still would not recommend this for financing a timeshare though.