Know where you stand

Behind on installments and can't keep up? Or thinking of buying something with installments on it? Put in the numbers and see the difference.

Country

What it is worth on the market today

JOD

Roughly what one like it sells for today.

What you still owe the bank or finance company

JOD

From your latest balance statement.

Assumptions (change them to fit your case)

Auction price after repossession (% of market price)

Repossessed items sold at auction usually fetch less than the market price.

Costs and penalties (% of market price)

Repossession, storage, legal fees and late penalties.

How far under the market you sell to sell fast (%)

On Kayshni your price must be under the market price.

Illustrative numbers from what you typed and assumptions you can change, not financial or legal advice. Terms and penalties differ between lenders, so check them before you decide.