Financing Options

[Nanarrow]

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? 

[Desert Cruizers]

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. 

[schmeed]

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

[mrb1963]

I doubt it. I think they are just putting this option out there for people who are booking on short notice.

[Ourusualbeach]

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.

[voyager70]

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.

 

[sparks1093]

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.

[molly361]

Also can't see Royal doing away with letting you make payments.  They are getting to use your money sometimes for a long time.

[Nanarrow]

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.

[Desert Cruizers]

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. 

[orville99]

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.

[SRF]

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.