Repo Man . . . . . *SHSB
Updated: Oct 26, 2019
A repo man is an individual who is typically hired by banks, debt collection agencies, and other financial institutions to take back possessions of a vehicle from people who have failed to make their payments. To become a repo man, you must:
1.) first know the laws regarding repossession in your state. Some states require you to be licensed, some don't.
3.) You can then become an independent repo-man for new and used car lots, boats, RVs debt collectors, lenders...etc. Many independent repo men elect to work as an employee of a legitimate repossession company.
Many belong to the American Recovery Association.
Tracking, locating, and recovering a vehicle is top priority in this business. Developing a down right sneaky plan to legally steal a car and having the courage to execute the plan in a moments notice is crucial to your success.
Towing and storage are basic practices as well as having a marketing plan and staying up to date regarding the laws and codes for repo work.
This job is not as glamorous as Hollywood makes it out to be. Very often you work long graveyard-shift hours. However, if you're an adrenaline junky then you've come to the right place. Occasionally, you may find yourself in harms way and get threatened, roughed up, or even shot at. One thing is for sure, you won't lack for stories to tell at the next BBQ.
On average the fee per vehicle is $325 per possession. At 3 vehicles per night, you’ve earned about $975. If you work five nights per week on average, you’ll gross more than $250,000 per year. Not bad for legal car-jacking...huh?