So your average phone costs $700-$800 retail new. Cost of repossession would be going to court, court costs, lawyer bills etc. I would end up costing $5000+ for

So your average phone costs $700-$800 retail new. Cost of repossession would be going to court, court costs, lawyer bills etc. I would end up costing $5000+ for a piece of used goods that is worth $300 if they are lucky.