The very lowest-priced franking machines are those that handle and process the least post on a daily basis. That of course is fairly self-evident.
But when we talk about “low cost” franking machines it’s not only the price of the machine itself you have to consider, there is also the yearly extras and day-to-day running costs.
In other words, once you have bought or leased a “low cost” franking machine that doesn’t mean that is it and there is nothing else to splash out on.
Low Volume = Low Cost
Generally speaking, it is the Low Volume franking machines that are going to cost the least whether you buy or rent/lease.
For instance, if you were to buy the Neopost IJ25 20-letters a minute, up to 50 frankings per day, it would cost you (at the time this piece was written) £495 to own outright.
However, that doesn’t include all the extras and running costs (ink refills, credit tops ups, Royal Mail tariff updates, labels, servicing/repairs) which could amount to a further £500 –£700 per year.
So, in the first year of owning your Low Volume franking machine you would need to spend around £1,000. In the second year though, the cost would be considerably less once you have deducted the initial purchase price.
If you were to lease the Neopost IJ25 it would only cost you around £360 a year, and that includes ink refills, maintenance and Royal Mail tariff updates.
Nevertheless, when balanced against the savings on postage your franker would bring to you on a yearly basis, the running cost is almost negligible.
Much depends on how many letters you send per day, but if you are considering utilising a franking machine for your business you are probably using the postal service on a pretty regular basis.
Savings On Postage You Could Enjoy If You OWNED The Neopost IJ25 (figure adjusted for approx yearly running cost)
- 20 standard letters sent 2nd Class per day = £457.60 saved per year
- 20 standard letters sent 1st Class per day = £306.40 saved per year
Savings On Postage You Could Enjoy If You LEASED The Neopost IJ25 (figure adjusted for approx yearly running cost)
- 20 standard letters sent 2nd Class per day = £597.60 saved per year
- 20 standard letters sent 1st Class per day = £446.40 saved per year
As you can see, there is some extra benefit to leasing a Low Volume franking machine compared to owning outright.
But whichever option you choose it is a plain and simple fact that introducing a low-cost franking machine into your business infrastructure will save you significant amounts of money every year, especially at this time when stamp prices have risen to an all-time high.