Cal. Code Regs. Tit. 18, div. 2, ch. 4, art. 13, app 2
Current through Register 2025 Notice Reg. No. 2, January 10, 2025
| (A) | (B) | (C) | (D) | (E) | (F) | (G) | (H) | (I) | (J) | (K) | (L) | (M) | (N) |
| Date of Repossession | Car # | Sales Price of MdseA | Sales Tax (6%) | License Fee | Insurance (Net)B | Total Sales Price | Down Payment | Balance to Finance | Finance Charges (Net)C | Net Contract Balance | Payments | Value of Repossession | Repossession Loss Per Records |
| [C*.06] | [C...F] | [G-H] | [I+J] | [K-L-M] | |||||||||
| 09-30-00 | 507 | $ 9,000 | $ 540 | $160 | $200 | $ 9,900 | $2,000 | $ 7,900 | $ 400 | $ 8,300 | $1,900 | $ 5,000 | $1,400 |
| 10-27-00 | 521 | 8,000 | 480 | 140 | 160 | 8,780 | 1,700 | 7,080 | 350 | 7,430 | 1,650 | 4,400 | 1,380 |
| 11-04-00 | 540 | 6,000 | 360 | 110 | 120 | 6,590 | 1,300 | 5,290 | 260 | 5,550 | 1,250 | 3,300 | 1,000 |
| 12-09-00 | 575 | 5,000 | 300 | 90 | 100 | 5,490 | 1,100 | 4,390 | 200 | 4,590 | 1,000 | 2,700 | 890 |
| Totals | $28,000 | $1,680 | $500 | $580 | $30,760 | $6,100 | $24,660 | $1,210 | $25,870 | $5,800 | $15,400 | $4,670 | |
| (1) | (2) | (3) | |||||||||||
| [Computation of the Taxable Percentage of Loss: | |||||||||||||
| $28,000(1) = 91.03% | |||||||||||||
| $30,760(2) | |||||||||||||
| Computation of Allowable Deduction: | |||||||||||||
| 91.03% x $4,670(3) = $4,251] | |||||||||||||
| A Includes taxable amounts, such as doc and smog fees. | |||||||||||||
| B Original insurance charge less rebate of unearned premium. | |||||||||||||
| C Total finance charges per contract less unearned charges. | |||||||||||||
Cal. Code Regs. Tit. 18, div. 2, ch. 4, art. 13, app 2