HomeMy WebLinkAboutItem 15 - Postage Machine LeasePostage machine
Neopost, Inc
and offered by the State to all State agencies that belong to the State cooperative
purchasing program.
The total lease cost over five years will be $41,805. Staff recommends approval.
ME
December 12, 2007 (2:54PM)
Neo Post Postage Machine Replacement
Purchase Price
Lease
16,619.00
Annual Maint.
16,619.00
5 yr 3,535.00 17,675.00
34,294.00
Lost interest 5 yr 4.00%
machine 3,323.80
maint 2,237.57
5,561.37
Net 39,855.37
Lease 5 yr 41,805.60 41,805.60 41,805.60
Difference 1,950.23
Interest Earned on
money not paid out each
year over life of lease 5 yr 4,542.86
Net 37,262.74
estimated gain by lease over 5 years 2,592.63
The lease has an additional advantage of price protection for
future years during the lease on the maintenance and meter rental