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
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Related Questions
How do you start a car repo business in new york?
do I need to be bonded in nystate for repo cars
What is needed to start a vehicle repo business?
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.
Is it hard to start your own repo business?
Any business is hard work to open so a repo business would be hard to open as well.
How long does it take a repo man to repo a car in nebraska?
i think its about 3 0r 4 months then they will call and ask you where can they pick up the car
Do you need a license to repossess cars in Alabama?
You can repo your own car but you cant start a business without a license.
What are the Repo business requirements in Florida?
What are the requirements to become a repossesion business in Florida?
Do you need a repo license to work for a repo company in Florida?
yes
What do you need to start a repo service in Illinois?
wanting to start a repo service in Illinois and need to know what all is needed?
What type of bond do you need in Pennsylvania to start a repo business?
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.
WHAT TEST do you need to become a repo man in Michigan?
what do i have to do to become a repo man in Michigan
How and where do you get started in the repossession business in Minnesota?
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.
What is needed to start a vehicle repo business in California?
Two years work experience under a licensed repo agency within the state of California is required before starting repo business. An exam is to be taken to be a "Qualified Manager" which is required to ?æbe stationed in all branches. A CA business license is required before operation.
Is repo the genetic opera a novel book?
No Repo! started as the Necromerchent's Debt written by Terrance ZdunichNote: The book you may be thinking of is Repossession Mambo which is what the film Repo Men is based from.
What is difference between bank rate and repo rate?
In Repo rate there is need of securities submission. In Bank Rate, there is no need of Security submission.
How does an active towing and recovery company become a repossession agent?
The active towing company will need REPO insurance and REPO agents. And some REPO clients.
Do you need a repo license in Ohio?
Yes you do
In North Carolina can they sue or put a lien on your business for the remaining balance of a car repo?
YES, a lender can get a judgment for the balance owing on a loan after repo.
How do you become a spotter for repo?
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
Can a repo company repo your RV if you are living in it?
Depends on the state laws, they may need to serve you with a eviction notice before repo. Although if nobody is home and the repo man shows up good chance they would repo it and expect nobody lives in it.
How much money is needed to start a small repo business?
alot but not to to much
What is the yearly salary for a repo man?
Repossession agents are not typically paid a salary, nor are they typically paid hourly. Repossession is a per unit business. That is, the repo man is paid by the vehicles he recovers. Amounts vary by the individual business.
Can a repo company call your job and tell your manager your business?
no! look into a law suit!
A business starting with R?
Radio station Repossession specialist (Repo man) Realtor (Realty or Real Estate business) RadioShack
What do you need to start a repo company in New Jersey as far as licensing and such?
You have to pay for that information. The repo biz is a private and sercet biz.
Can anyone repo cars in Florida?
NO. YOU NEED A R# FROM THE STATE.
