Repossession of Personal Property from an Installment Payment Sale Calculator
Repossession of Personal Property from an Installment Payment Sale Calculator Definitions
- Gross Profit on Original Sale
- The percentage of gross profit you realized on the original sale.
- 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.