MidlandsBase
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Just got some to see a statement equipment I have leased from Bank of Ireland had arrived (first one in two years). Everything is in order in relation to amounts paid, etc but I see at the last month of payments there is a description of SEC repayment and then exactly a year later another SEC repayment?
can anyone explain what it is? As my lease is for 5 years after which I want to sell the equipment I'm curious as to know I have a value to repay in to my sixth year this amount? Is it to extend the period? Confused.
can anyone explain what it is? As my lease is for 5 years after which I want to sell the equipment I'm curious as to know I have a value to repay in to my sixth year this amount? Is it to extend the period? Confused.