Can you re-run with 700k points total instead of 606k? Assume a 192k point purchase and 508k PIC property points for VIP Gold. I will be creating a spreadsheet myself over this coming weekend as well. Tuggers are awesome!
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I wasn't sure about the spreadsheet, so i went ahead and rewrote what i had. In this case, Resale wins...I just thought of something else. Resales prices for CWA and some other contracts will likely start to creep up, because Ovations is taking CWA back, and people are using it as a quick out. Why pay six months of maintenance fees while waiting for the transfer, when you can give it back and be done with it in less then two months? In some cases you get three years worth of points as well. This will likely lower the amount of CWA contracts available in the resale market. The demand for CWA will out weigh supply, and prices will increase. How much, no one knows. The same can be said for retail prices going up. If people are having a hard time getting them on the secondary market, Wyndham can start increasing their prices as well. So these prices could change and completely change the outcome, or it could remain the same.
Rewrote for 700,000 CWA. 10 year price difference is $15,032 in Resale's favor
Based on 700,000 (two PICS and 192,000 points)
A 511,000 CWA contract went for $2,495 on ebay yesterday, so based on that, the retail rate is $4.88 per $1k resale.
Short term (upfront) costs: $3,416 (assuming you pay no closing or transfer costs)
Long term costs: $4039 per year in maintenance fees based on $5.77 per 1k (not including future years increases)
10 year cost (not including MF increases): $43,806
Second option:
192,000 point CWA contract that retails at $145 per 1k points. That would cost you $27,840 retail. Maintenance fees $1,107.84 per year or 92.32 per month based on a rate of $5.77 per 1,000 points.
Then lets say you do, what i did, but twice. Buy (2) three bedrooms for $28 each. Total $56. Maintenance fees for both, plus the Wyndham program fee $1,992 a year or $166 a month for 508,000 points. If you want to compare apples to apples on maintenance fees, the maintenance fee rate for those 508,000 pic points is $3.92 per 1k points.
Short term (upfront costs): $27,840
Long term costs: $3,099.84 (not including maintenance increases)
10 year cost: $58,838
Not a huge price difference in the long term. We are not accounting for the VIP benefits of Silver. Some say Silver is worthless, others say VIP in general is worthless. Only you can put a dollar amount on the VIP benefits. Will you actually use them, and will it be worth the extra $1,800? At the 20 year mark, the cost of resale becomes more then retail so:
Resale 20 year cost: $84,196
Retail 20 year cost: $89,836
If you have your time share for 20 years, the $5,640 difference in resale's favor IF you do PIC. In this scenario resale is cheaper, but again does not account for the added benefits of 35% discount, upgrades (before silver), unlimited reservation transactions, unlimited housekeeping credits (all VIP), extra guest confirmations, as well as the benefits that only hold perceived value:
ability to reserve specific rooms
extended time to deposit points to future years
RARP advantage
Maragritaville
Complimentry Perks by Wyndham
Ability to ARP more times a year
RCI Instant Search and Book Feature
Worldwide External Exchange Deposit Unit Size Upgrades
Early checkin
mid-week clean and tidy
dedicated phone line
dedicated check-in line
Annual cruise