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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.

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