[QUOTE=LittleMissMagic;1110059]Here’s a link to my spreadsheet - http://i852.photobucket.com/albums/ab82/VicShing/DisneyBreak-Even.jpg
As you can see, if you are getting regular 10-Day passes without the Park Hopper option, the AP is not going to break even anytime soon.
If you are getting the PH option, the AP makes a little more sense… if you are going to either come back to Disney within the year, spending at least 15 days in the parks. Or, you could decide if TIW is worth the loss of spending a little extra per park day (of course, we can’t forget that TIW is another $75, correct?).
The premium AP makes very little sense unless you visit WDW multiple times a year for lengthy periods of time and really enjoy waterparks.
When the AP does make sense is when you would purchase the No Expiration option, but would return within the year. In that case, you’d really only have to visit WDW 9 days during the year in order to break even.[/QUOTE]
I just did this same math earlier this week! We were considering buying one annual pass for our group this September. We are a group of 6 adults and thought about one of us purchasing the AP, then getting a TiW card and saving everyone 20% on dining. With the spreadsheet I made, we broke even, so I decided against it. We’re only going for 8 days, but with that many people eating at table service restaurants, the discount adds up fast.