As in any business, you need a product[ability to repo a vehicle legally and safely], tools to make the the product available[if it is a service KNOWLEDGE, truck, equipment, storage], and someone willing to PAY for the product[clients, banks,finance cos,BHPH lots]. IF you wish to be an agent, you need a desire/ability to be trained, a person to train you, and the tolls to work with. email me if you need more info. Good Luck and STAY SAFE
do I need to be bonded in nystate for repo cars
Being a spotter is a helping hand for repo companies. All you need is a drivers license and sometimes a car, Just ask your neighbor hood repo company if they need help finding the units
Yoy will need a business license, insurance, a tow truck, a SECURE storage lot, customers- and a knowledge of repo laws in your state. Can of pepper spray is optional.
Any business is hard work to open so a repo business would be hard to open as well.
You can repo your own car but you cant start a business without a license.
i think its about 3 0r 4 months then they will call and ask you where can they pick up the car
What are the requirements to become a repossesion business in Florida?
yes
what do i have to do to become a repo man in Michigan
wanting to start a repo service in Illinois and need to know what all is needed?
To start a repo business in PA, you must be licensed and bonded by the state. The license fee is approximately $250 and the required bond it $5000. See the "Motor Vehicle Sales Finance Act" Act of 2002, no 186 for complete details.
I suggest you do a little reading befor you go out in the repo world. Read this first and then, this Take your time, the more you know, the better your chances of success.