Navy Federal: Repossession of Personal Property from a Deferred Payment Sale

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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.

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

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For more information about this Plug-in please visit: SUN's JavaT 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.

Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot 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.