Nanarrow Posted November 1, 2018 #1 Share Posted November 1, 2018 Now that we are seeing the financing options when looking to book new cruises, do you believe that RCL will eventually go to a financing only structure, and do away with customers making payments on their balances with no added charges? Link to comment Share on other sites More sharing options...
Desert Cruizers Posted November 1, 2018 #2 Share Posted November 1, 2018 I set up a financial spreadsheet on my computer for bills, any cruises I am paying off, i set up my own personal payment plan after deposit. I normally will use the other acct for the payments so they are not coming out of the household acct. i work out what are comfortable payments based upon the amounts I put toward a cruise. I also try and pay off in 2 to 3 large payments. This will depend on your income etc. I try to get the final payment under $2,000 and will call into my TA when I wish her to call the cruise line to run final which is normally 1 to 2 months early. Recently I have booked a cruise or two since 2014 so haven't built up the other acct. Link to comment Share on other sites More sharing options...
schmeed Posted November 1, 2018 #3 Share Posted November 1, 2018 (edited) I highly doubt it. I for one will not pay one penny in interest (financing charges) for a vacation. If RCI forces it, I'm done. Edited November 1, 2018 by schmeed Link to comment Share on other sites More sharing options...
mrb1963 Posted November 1, 2018 #4 Share Posted November 1, 2018 I doubt it. I think they are just putting this option out there for people who are booking on short notice. Link to comment Share on other sites More sharing options...
Ourusualbeach Posted November 1, 2018 #5 Share Posted November 1, 2018 This option may appeal to anyone booking last minute. Anyone who books ahead of time and uses this option is a fool. Even if Royal did away with accepting additional payments ahead of time it is very easy to open a separate savings account, make payments to that then the funds will be there at final. Link to comment Share on other sites More sharing options...
voyager70 Posted November 1, 2018 #6 Share Posted November 1, 2018 1 hour ago, schmeed said: I highly doubt it. I for one will not pay one penny in interest (financing charges) for a vacation. If RCI forces it, I'm done. Same here. Link to comment Share on other sites More sharing options...
Rare sparks1093 Posted November 2, 2018 #7 Share Posted November 2, 2018 11 hours ago, Ourusualbeach said: This option may appeal to anyone booking last minute. Anyone who books ahead of time and uses this option is a fool. Even if Royal did away with accepting additional payments ahead of time it is very easy to open a separate savings account, make payments to that then the funds will be there at final. I agree, there are a lot of people out there that would do this just because they don't know any better. It seems a stretch that they would take a deposit a year early and then accept no other payments until the final payment date unless they were made under the financing plan and I don't see them going to a pay in full up front when you book the cruise model even if you book a year in advance. Link to comment Share on other sites More sharing options...
molly361 Posted November 2, 2018 #8 Share Posted November 2, 2018 Also can't see Royal doing away with letting you make payments. They are getting to use your money sometimes for a long time. Link to comment Share on other sites More sharing options...
Nanarrow Posted November 2, 2018 Author #9 Share Posted November 2, 2018 14 hours ago, Desert Cruizers said: I set up a financial spreadsheet on my computer for bills, any cruises I am paying off, i set up my own personal payment plan after deposit. I normally will use the other acct for the payments so they are not coming out of the household acct. i work out what are comfortable payments based upon the amounts I put toward a cruise. I also try and pay off in 2 to 3 large payments. This will depend on your income etc. I try to get the final payment under $2,000 and will call into my TA when I wish her to call the cruise line to run final which is normally 1 to 2 months early. Recently I have booked a cruise or two since 2014 so haven't built up the other acct. I think you misunderstood my post. However I am sure your experience would be helpful information for a new cruiser. Link to comment Share on other sites More sharing options...
Desert Cruizers Posted November 2, 2018 #10 Share Posted November 2, 2018 I understood your post, I was merely saying rather then doing a payment plan with a cruise line, I would prefer to pay when I want in the amount I want. Link to comment Share on other sites More sharing options...
Rare orville99 Posted November 2, 2018 #11 Share Posted November 2, 2018 If I had to pay in full when I booked, I would pay in full. However, I would only be booking one cruise at a time instead of the 10 we currently have booked. Link to comment Share on other sites More sharing options...
SRF Posted November 3, 2018 #12 Share Posted November 3, 2018 How would they charge interest for money that is not yet owed????? But, I still don't see the value in making payments. But the money into a separate money market account and earn a small amount of interest. And then pay with a credit card (for the points) and then pay the bill with the money market account. And if I need to finance, why not pay with a card, using a 0% interest deal or transfer to a 0% interest deal. 2 Link to comment Share on other sites More sharing options...
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