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FL. AP Payment Plan
Posted: Sun Jun 27, 2010 3:44 pm
by Doctor McKey
Ok... now Mickey has decided to keep up with the Jones.. or at least Universal and Seaworld.....
http://disneyworld.disney.go.com/passho ... 06-10@0002
The Doctor
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 4:34 pm
by darph nader
AND? DL has been doing this for awhile. Don't know why it took so long to filter back East?
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 5:16 pm
by hobie16
darph nader wrote:AND? DL has been doing this for awhile. Don't know why it took so long to filter back East?
The Rockies is tall.
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 6:04 pm
by darph nader
hobie16 wrote:The Rockies is tall.
Got that Continental Divide thing goin on.
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 6:38 pm
by Disneyguy85
darph nader wrote:AND? DL has been doing this for awhile. Don't know why it took so long to filter back East?
I agree.
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 9:10 pm
by MyLittleAngels
We won't be using this. I do use it for my Universal and SeaWorld passes, but I think I'd miss the renewal rate too much to change. Also, why pay by month when I've got the money available anyhow?
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 9:56 pm
by kurtisnelson
MyLittleAngels wrote:We won't be using this. I do use it for my Universal and SeaWorld passes, but I think I'd miss the renewal rate too much to change. Also, why pay by month when I've got the money available anyhow?
Well, the cool thing about these monthly plans is the total cost is the same. This gives you an economic advantage of:
Present value of normal year pass: $392.99
Present value of monthly pass with MARR of 1%:
$84.14 + $266.86 = $351
So if you can get 1% interest on your money somewhere, you save $40 by going monthly. Slap $300 in a 1 year CD instead of spending it on the AP and you will come out ahead.
Re: FL. AP Payment Plan
Posted: Sun Jun 27, 2010 10:22 pm
by kurtisnelson
I'll add to that data that the Internal Rate of Return is 1.42% and this is a borrowing opportunity.
Re: FL. AP Payment Plan
Posted: Mon Jun 28, 2010 3:53 am
by Main Streeter
hobie16 wrote:The Rockies is tall.
Think hobie hard zinged you here darph. :D: His one liners are quick & sharp. ;)
Re: FL. AP Payment Plan
Posted: Mon Jun 28, 2010 7:35 pm
by MyLittleAngels
you save $40 by going monthly
But, I will lose the money I typically save by renewing instead of buying new. The information I read about the pass said you cannot renew, and the cost month to month is the same as a straightforward purchase of a new AP.
The current cost of a new Florida resident premium AP is $526.11. My renewal cost for the same pass is $483.51, a savings of $42.60. So, there's not really any benefit for me.
As it stands now, my passes expire during tax season. I always get a sizeable return, and can use part of that money to purchase my passes. It works for me, and it's pretty painless. Now, I just have to work harder on getting hired at WDW to eliminate the need for my pass!