How much do you get to repo a semi truck?

Answer 1

This is based on where the repo is done (what State and Country)

What the contract between the towing operator, bailif and lender as well as the law in the Jurisdiction the repo takes place.

Then how many miles, where the semi is stored and how long.

Also how difficult was the repo? Was the unit surrendered to the lender? or did the lender have to sneak out with tow truck and repo it the hard way?

A tractor that is surrendered at the lenders storage facility may only cost $1000

If they had to track down the unit and repo it the hard way $3000 to $5000 is common.

And no it isn't $5000 for driving it away. That includes bailiff fees towing skip tracing auction costs etc.

Answer 2

When a lender repossesses a semi truck, the amount they receive can vary based on several factors. These factors include the condition of the truck, its age, market demand, and any outstanding debts on the vehicle. Typically, lenders aim to recoup as much of the outstanding loan amount as possible through the sale of the repossessed truck. The final amount received can range from a fraction of the loan balance to the full amount owed, depending on the circumstances of the repossession and subsequent sale.