Repossession of Personal Property from a Deferred Payment Sale

If you have repossessed personal property from a deferred payment sale, you can use this calculator to determine the gain or loss. This includes the reportable gain or loss after repossession costs are taken into account.
 
 

Financial Calculators ©1998-2015 KJE Computer Solutions, LLC

Repossession of Personal Property - Deferred Payment Sale
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Please view the report to see detailed results in tabular form.

Definitions

Balance Due at Repossession
Balance due at repossession minus any deficiency judgment.
Fair Market Value
The fair market value of the person property at the time of repossession
Repossession Cost
Costs incurred to repossess the personal property.

The information provided is not intended to be legal, tax, or financial advice or recommendations for any specific individual, business, or circumstance. TowneBank cannot guarantee that it is accurate, up to date, or appropriate for your situation. Financial calculators are provided for illustrative purposes only. You are encouraged to consult with a qualified attorney or financial advisor to understand how the law applies to your particular circumstances or for financial information specific to your personal or business situation.