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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.

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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.

Information and interactive calculators are made available to you as self-help tools for your personal independent use and are not intended to provide investment advice. We can not and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.