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Repossession of Personal Property from a Deferred Payment Sale [Calculator][Definitions]

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.


This Financial Calculator requires SUN's Java™ Plug-in. If you see this message you will need to download SUN's Java™ Plug-in. This can be done automatically by clicking the yellow bar at the top of your browser and choosing “Install ActiveX Control”.

    You can also get SUN's Java™ Plug-in here: Get the Java™ Plug-in!

    For more information about this Plug-in please visit: SUN's Java™ Plug-in
    For more information these financial calculators please visit: Financial Calculators from KJE Computer Solutions, LLC

Definitions

Balance Due at Repossession
Balance due at repossession minus any deficiency judgement.

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.

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