Equipment Repo Sales Do Finance Companies Normally Repo Electronic Equipment Or Do They Try To Negotiate A Price With You If Defau?

Do finance companies normally repo electronic equipment or do they try to negotiate a price with you if defau? - equipment repo sales

Is through the financing of the acquisition of an electronic element, then by default, eventually resulting in the payment of 8 months, the financing of companies usually come repo the item, but is practically useless?

My situation: I have a projector and a digital camera costs $ 2500 for my company in January 2007. It was a sort of "guaranteed loans, the agreement states that the finance company the default theme back on, but if you have not registered against the team. Now I have stopped paying the installments. The team is in good condition, But the resale value is only $ 800. I know that know the cost of hiring a bailiff's probably not a few hundred dollars and the financing of companies that the team is good.

Do you think that the finance company to recover the actual position, or should I try to try them a place to break the number of elements?

The front?