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I know a guy who owns a repo company. He's a nice family man. He's just doing a job like anyone else. People get upset with him like it's his fault when he needs to repo their vehicle, unfortunately they don't want to realize that they're the ones that didn't live up to their agreement with the bank or finance company.
Sounds like it could be a dangerous job, and I agree most repo guys catch holy heck from whoever they're dealing with. I'm curious if they get paid a commission.
I know that he once had to repo a very expensive sports car (one of those well over $100K types) and it required special handling, and he charged them extra for that one. Otherwise I haven't ever talked about it with him, but I just assumed that he gets a straight "fee" per car.
I think a lot of them are also regular towing operators.
A guy was towing my car to the mechanic once and we talked about it, as he'd done quite a bit of repo work. He said just about everyone who does repo work hates all those TV shows, because if someone is actually good at doing repos they rarely get into confrontations with anyone because they are able to get in and out quickly.
I think a lot of them are also regular towing operators.
A guy was towing my car to the mechanic once and we talked about it, as he'd done quite a bit of repo work. He said just about everyone who does repo work hates all those TV shows, because if someone is actually good at doing repos they rarely get into confrontations with anyone because they are able to get in and out quickly.
I think if they could simply hook the car to the tow truck and take off, the people on Operation Repo would do so (and avoid any confrontations at all) but they have to show the person who is behind on their car payments their identification and the Order to Repossess, plus ask for the car keys. How do you not get into a confrontation this way?
PS: It is amazing how ALL the people LIE and say, "I've made my payments! I'm up to date!"
A little o/t but did any of you read the news story about the couple who was locked out of their house by someone hired by a bank to change the locks because they had been foreclosed on? One little problem, these folks didn't even have a mortgage and the bank had sent the guy to the wrong house.
Additionally while he was in the home "changing the locks" he did a ton of damage to the building and their property.
cpt obvious if you're thinking about being a repo man I don't know to tell ya the truth...I think it depends on the person.
I had a cousin who did it and it's not as fantastic as the shows make it out to be. You have to have EXCELLENT customer service skills because you're not automatically running up on people and being a tough guy. The best day is not having to deal with people and running up and taking their car. The hours are very long (since you're basically tracking down something that could be anywhere in the town if the person is smart enough to move their stuff to another location besides their house). You have to be tough even when old people and crying mothers are begging you to give them a chance. Also, depending on which company you work for you actually may have to pay for your own gas and car insurance and for an all day gig that can pretty much suck
You're paid for each car you can get, my cousin was paid around $100 depending on the make and year of the car. Some days are slow...very slow.....and very long searching for that one item to take into the lot before the manager comes in the next morning and you could be living out of your vehicle. Also it can be pretty dangerous, for one if you approach a car when a person is with a group of people, some people are just really attached to their posessions even if they ARE in the wrong, and also depending on what some state laws are, a man could shoot you if you happen to get his car on HIS property. Reason being you were trespassing and he didn't know who you were. I know that's the case in Texas where my cousin worked and he absolutely DREADED it each time...
If you're going through that much possible expense and trouble I believe you might as well be a police officer, or even do something more light-weight and be a polygraph examiner like my cousin ( he travels around like a repo man and deals with liars lol) and gets paid very well for it. He likes that life better versus what he had before...again it depends on the person.
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