Repossession of Personal Property from a Deferred Payment Sale Calculator
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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.
By changing any value in the following form fields, calculated values are immediately provided for displayed output values. Click the view report button to see all of your results.
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Repossession of Personal Property - Deferred Payment Sale
*indicates required.
Repossession inputs:
Balance Due at Repossession
Balance due at repossession minus any deficiency judgment.
$0
$1k
$10k
$100k
Fair Market Value
The fair market value of the person property at the time of repossession
$0
$1k
$10k
$100k
Repossession Cost
Costs incurred to repossess the personal property.
$0
$1k
$10k
$100k
Gain or loss:
**FIG_GRAPHTITLE** Column Graph: Please use the calculator's report to see detailed calculation results in tabular form.
Repossession of Personal Property from a Deferred Payment Sale Calculator 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.
