How Many Adjustments per week to pay off a brand new Omni Table
Omni Total Drop Stationary .72 Adjustments per week
Omni Total Drop Elevation 1 Adjustment per Week
Omni Air-Drop Elevation 1.17 Adjustments per Week
Omni Flexion-Distraction 1.56 Adjustments per Week
The above figures are based on an Adjustment fee of $65 where you will own the table outright after 3 years. These figures include the application fee, interest payments on the purchase price of your new table.
For what it is worth I was taught that a dollar today is worth more than a dollar tomorrow. Therefore, it can be appropriate to paying a table off. Especially if it allows you to begin as you wish to end in your adjusting career. This is especially true in business where a point of difference and quality equipment that allows you to provide the best service is preferable to inferior equipment.
Let’s be honest it will cost a little more as it will involve a third party (the financier). You are including the application fee and interest when financing. If these fees are reasonable and affordable then financing can be considered.
On the other hand, buying your equipment outright saves you these application fees and interest payments. It also takes your funds out of your bank account. I have a preference to have excess funds in my hand and at easy access. Therefore, I love hanging onto my hard-earned dollars wherever I can. I call these funds, opportunity money. It is great to have opportunity money for when something of great value becomes available. Especially when that item is an asset and not some frivolous want. It is important to invest in items that helps advance your position and station in life. While we are on the $$ side of things I was always taught 30, 30, 30, 10 rule. 30% property, 30% shares, 30% cash and 10% bullion. It is a great formula and when reviewing your net worth yearly you need to rebalance your portfolio back to these ratios for financial protection.
What is right for you? This is a personal question an only you can answer that. The above points are there to provide some insight to a couple of the variables you may not have considered in relation to financing and Opportunity money for your circumstances.