Quote:
Originally Posted by dtw
Banks and lenders prefer to be banks and lenders, not used car dealers. They'll bend over backwards to keep collateral off their lots. When I was a repo man, we worked mostly for high risk lenders. They would usually only accept full payment + expenses (ie, my bill) before they'd give the car back. A lot of practices surrounding repossession are in legal grey areas, so you should check the specific laws and treatment in Michigan. For example, around here, it is of course illegal trespassing to get on someone's property/premises to snatch their car. Have I ever been sued, or seen a repo man get sued for it? Nope...
If you don't want to be a cop but would still like to have all the cynicism and disdain for the public that they have, be a towman or repo man for a while. I did it for 2-3 years and dealt with the dregs of humanity. Draining.
Lots of fun stories, though.
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What's up fellow repo man.
Quote:
Originally Posted by 914goingdown
interesting thread i've been really considering being a towman too..
got any tips.. |
Tip #1, a tow truck is not neccesary in the repo business...you can hire a driver/partner for far less money and if something happens you have backup. In the case that you should need a tow(pretty rare), a trusted local tow guy will jump at the extra off the books work for $100 cash on the barrel.
Most young guys will take the job almost regardless of pay because of the "prestige" that comes along with being a big city repo man.
For many years i used my 928 for repos.