When looking at different contract and trying to determine the value of one contract compared to another, I use the following methods. Method 1 (AnnualPoints*$/point -$10*BankedPoints - $10*CurrentPoints + MF*CurrentPoints + ClosingCosts) / Annual Points The $10 per point for banked and current points is based on the current average value of renting out points. If the banked points are going to expire real fast I'll use a lower number such as $5. So for example given the following three contracts, how do they compare: OKW 200 points, $48/point, 0 banked, 100 current points, buyer pays closing ($450), seller & buyer split MF ($520 for buyer) = (200*48 - 10*0 - 10*100 + 520 + 450) / 200 = $47.85/point SSR 300 points, $53/point, 300 banked, 450 current, seller pays closing, seller pays MF = (300*53 - 300*10 - 450*10 + 0 + 0) / 300 = $28.00/point BLT 150 points, $90/point, 150 banked points, 150 current points, buyer pays closing ($350) and current MF ($633). = (150*90 - 150*10 - 150*10 + 350 + 633) / 150 = $76.55/point VB 50 points, $40/point, 0 banked points, 0 current points, buyer pays closing ($350) and seller pays current MF ($535) = (50*40 - 0*10 - 0*10 + 350 + 0) / 50 = $47.00/point Method 2 This looks at how much each point per year costs you for the years remaining on the contract past the current year. OKW: expires in 2042, so has 29 years left after the current year $/pnt/yr = $47.85/29 = $1.65 per point per year SSR: expires in 2054, so has 41 years left after the current year $/pnt/yr = $28.00/41 = $0.68 per point per year BLT: expires in 2060, so have 47 years left after the current year $/pnt/yr = $76.55/47 = $1.63 per point per year VB: expires in 2042, so has 29 years left after the current year $/pnt/yr = $47.00/29 = $1.62 per point per year Method 3 Same as Method 2, but add the current annual MF to get what a trip this year will cost you per point. OKW: $1.65 + $5.20 = $6.85/point SSR: $0.68 + $4.73 = $5.41/point BLT: $1.63 + $4.22 = $5.85/point VB: $1.62 + $7.11 = $8.73/point Note that none of this takes into account ones personal preferences on home resort, a UY preference, etc. For myself I'm normally looking to spend as little money up front for as many points as possible at a resort that has a fairly low MF. I have no real preference for a home resort and enjoy staying at any one of the onsite resorts. So I normally look at method 1, which means that I'm wanting to get as many free points as possible. Hope this was of some benefit to some people. If not, feel free to ignore it.

I'm not sure I'm following why you are subtracting dollars for banked and available points. Or why it's $10. I guess if you use the exact formula for everything, you can still compare them evenly. But I'd think you'd use the maintenance fee dollar amount, not a flat $10. The way I'd been doing it is to find out how much they each sold for originally and dividing by the life of the contract and points. That much would be subtracted for each point per year that has passed. Some have pointed out that you have to account for inflation since then, so it's not a great method. But it does explain why OKWs can be had for much less if you buy from an original owner. Even at $50, they're getting back more than they paid for it (not accounting for yearly MFs).

I'm using $10 because I would be typically renting out those points to help reduce the costs. For someone who is going to use the points themselves, then using MF for that resort instead of the $10 would also make sense.

Oh, I get it now. Thanks. If I was buying/calculating one and didn't plan to rent the points, I wouldn't count that in then.

The other thing to keep in mind is that there is a liquidity premium, where larger contracts typically sell for less per point than smaller contracts. I am not sure how to quantify this, though.

What I'd suggest is to ignore any banked or borrowed points initially but to deduct at least $10 a point for any current of future points that are either not available or are limited (banked/borrowed). This and a per point reference for a given resort should allow you to compare contracts fairly easily. I'd use any additional banked/borrowed points as tiebreakers but I personally would not value them at $10 a point. If you want to use the same method to compare different resorts you just need to decide on an appropriate price per point for each resort based on some objective info like resale prices or ROFR prices. Plus you need to adjust for the RTU if they are different by a % amount.

I put the a calculation in my spreadsheet that adds value for banked and subtracts value for used or borrowed points, so if you want to use the points for a trip you can use those calculation in the value of a contract