I take the initial buy in price divide that by number of years left on the contract from buy-in and then divide that by number of points bought. So, for me it was around $1.60 per point. This amount does NOT account for time value of the money or any interest lost. We paid cash so no interest costs either.
For maintenance, I take the annual maintenance fees and divide it by the number of annual points. For me, it was $4.53 per point in 2007 and $4.55 per point for 2008.
So, $4.55 + $1.60 = $6.15 per point for me. But I am conservative and like to round up so I would use $6.50 or $7.00 per point as "how much DVC costs." In reality, when we purchased DVC, each one of our contracts included mega banked points or developer incentive points which would further lower the total price per point used costs but this will not be counted in.
I guess for those that financed, I would calculate initial buy in price as down payment + [(monthly payment - monthly maintenance fees) x total # of months of loan] to try to get an rough idea.
OK - answering this question, got me curious about how much my multi-trips to WDW are exactly costing.
I am a great bargain shopper BEFORE we leave for our trip but I don't add it up AFTER we get back.
Not sure I really want to know... but here goes.
The last few trips were just my 2 girls (under 9) and myself without DH. Our last trip was 8/07 where we purchased APs with the DVC discount with the intention of getting 3 trips out of them. The 3 of us went 8/06 and 2/07 also, but I'm too lazy to go back and figure out the costs so I will be calculating the costs for our 8/07, 4/08, and 8/08 trips only.
8/07
1 adult & 2 children - 5 nights BWV-studio w/
DDP & 3 nights AKV-1bdrm
Airfare:
$506.40
Transportation: free (ME and got dropped off & picked up at home)
Park Passes: APs w/DVC disc.
$349.49 [($377.12+335.68+335.68)/3 trips]
Total room charges: (We charged EVERYTHING to the room - no cash OOP)
BWV:
$411.47 (includes 5 nts DDP of $60.97 = $ 304.85)
AKV:
$98.02 (no DDP - this includes all food for 3 nts. - we use up DDP credits on check-in day)
Misc Cash: (Airport Porter, water/snack at airport, tips to ME, Bell services, Resort airport check-in, etc.) =
$30.00
DVC: 206 points for 8 nts (206 x $6.50 see above) =
$1339.00
Total cash paid: $1395.38 rounded up to $1400.00
Total prepaid (DVC) : 1339.00 rounded up to $1350.00
Total Expenses for 8 night trip for 1A+2C:
$2750.00
4/08
1 adult & 2 children - 6 nights BWV-studio
2 adults & 2 children - 4 nights AKV-1bedroom
(disclaimer: DH will be joining us the last 4 nts and will be only doing 1 park day)
Airfare:
681.99
Transportation:
$13 (ME + drop off & pick up by parents + DH bus to airport after work)
Park Passes: APs w/DVC disc. $349.49 [($377.12+335.68+335.68)/3 trips] + 1 day from old PH pass for DH $35 (guestimate) =
$384.79
Meals & Expenses: estimated at $150/night x 10 nights =
$1500.00 (This will come in less than estimate - the girls and I spent $65/day for our 8/07 trip - will be higher when DH joins us for the last 4 nights) This will include $65 for the DDE card which will be used over the next 2 trips.
Misc Cash: (Airport Porter, water/snack at airport, tips to ME, Bell services, Resort airport check-in, etc.) =
$50.00
DVC: 261 points for 10 nts (261 x $6.50 see above) =
$1696.50
Total cash expenses: $2629.78 rounded up to $2650.00
Total prepaid (DVC) : $1696.50 rounded up to $1700.00
Total Expenses for 10 night trip for 1A+2C (+1A partial trip):
$4350.00
8/08
1 adult & 2 children - 5 nights BWV-studio
2 adults & 2 children - 3 nights BWV-studio + 4 nights Miami
(disclaimer: DH will be joining us the later and will be only doing 1 water park day)
Airfare (est):
800.00 I refuse to pay more than $200/pp
Transportation:
$13 (ME + DH bus to airport after work)
Car Rental (est): $150-
$225 (have always gotten great rate: 1 week - DH to pick up at MCO)
Park Passes: APs w/DVC disc. $349.49 [($377.12+335.68+335.68)/3 trips] + 4water park plus from old PH passes $20x4= $80 (guestimate) =
$429.49
Meals & Expenses: estimated at $175/night x 12 nights =
$2100.00 (This will come in less than estimate - the girls and I spent $65/day for our 8/07 trip - will be higher when DH joins us - we always bring home $$)
Misc Cash: (Airport Porter, water/snack at airport, tips to ME, Bell services, Resort airport check-in, etc.) =
$100.00
DVC: 136 points for 8 nts (136 x $6.50 see above) =
$884.00
Miami: free (family owns home there)
Total cash expenses: $3654.49 rounded up to $3700.00
Total prepaid (DVC) : $884.00 rounded up to $900.00
Total Expenses for 12 night trip for 1A+2C (+1A partial trip):
$4600.00
Totals for 3 trips in one 12 month period:
Total cash expenses: $7750.00 (I would say that this is over estimated by at least $1500 since our OOP costs are usually no more than $1000 each trip for the last gazillion - just don't want to dig them up)
Total prepaid (DVC) : (603 points x $6.15 = $3708.45) rounded up to $4300.00
Total Expenses for 30 nights trip for 1A+2C (+1A partial trips): $11700 rounded up to
$12,000.00
OMG, sounds horrible when on paper doesn't it?
I guess I DO spend a LOT of money on travel!!
That averages out to $4000 per trip. I try to keep the OOP costs to $2000-$3000 per trip. $7750/3 = $2583.33 and like I said, I estimate WAY up to be conservative. DVC is paid for in full and the monthly fees are around $156 and we don't miss it.
So, I spend OOP approximately $210-260/night for an all expense vacation. Including DVC costs would bring it up to $400/night.
Still a lot of $$$. But I probably wouldn't cut back. We will take 2009 off from WDW. Not because of my math here
but because it was our plans all along and that's why I did 3 trips in 12 months. DH had a very good year at work, his bonus has already paid for all the trips and then some, so we been blessed.
WDW is decretionary, so if things change, the DVC could be rented out or sold.