If you are a first year passholder with the monthly payment option (FL resident), be careful with the recent changes.
The updated information says that they will refund any monthly payments made between March 14th and April 4th. Any future payments will be suspended until the parks reopen. It also indicates that APs will not be extended and they will expire on their originally scheduled expiration date.
This is bad for us as a first year AP holder. We bought the Silver Florida Resident annual passes. We paid a $139 upfront down payment for each pass and then two days later were hit with the first payment of $34.48. I don't think renewals are subject to the upfront down payment. We were then left with 11 more payments of $34.48. The problem with this is that our pass is paid front end heavy. Our total price per pass was $552.74.
If you take the $552.74 and divide it by 12 months, you are paying $46.06 per month. However, let's just say the parks are closed for three months and I forgo the three payments and just expire as usual. I am then paying ($34.48 x 9) + $139 = $449.32.
If you take the $449.32 and divide it by the nine months that I would have access (if closed for three), then I am paying $49.92 per month. $4 a month may not seem like much, but multiply that by the nine months and it works out to almost a 10% premium in Disney's favor. Also, the longer they are closed the higher the extra amount per month we pay.
So if you are a monthly AP holder with monthly payment and paid a down payment up front (all first time APs do), then don't let them just expire your pass on the regular date. The only exception to this could be if you are out of work because of the current crisis and just need the cash and can't tack the payments on to the end.