How to Become a Repo Man – 4 Questions You Should Ask Yourself

A repo man can earn $100-$500 each time they repossess cars that buyers can’t make payments on. If you have a tough skin and a burning desire to work for yourself, it may be the right career for you.

Here are 4 important questions you should ask yourself if you want to become a repo man:

Question #1 – Am I Willing to Invest Time and Money to Learn the Business?

In most states, you don’t need formal training to become a repo man. However, to learn the skills of the trade, you’ll need to invest time and money in repossession courses and hands-on training.

You may also want to get a job with a repossession company in your area before you start your own repo business. It’s much easier to learn from experienced professionals than to teach yourself through trial and error!

Question #2 – Am I A Natural Detective and Problem-Solver?

Many buyers who know their car is going to be repossessed will do everything to evade you. That’s why, as a repo man, you’ll need to use problem-solving and investigative skills to track-down debtors and their vehicles.

Banks are willing to pay as much as $500 per repossession because it’s not easy work!

Question #3 – Do I Have A Tough Skin and a No-Nonsense Attitude?

While most repossessions happen at night when debtors are asleep, you’re bound to come across irate people. It’s important you possess a calm, no-nonsense attitude tempered with professionalism. If you can’t take verbal abuse (or threats of physical abuse) from angry people, this career isn’t for you.

On the other hand, if you’re able to keep your cool and diffuse tense situations, you may have what it takes.

Question #4 – Do I Have Patience?

Some nights you may get lucky and repossess four cars. Other times, you can go for days without finding a single car. You’ll have good days and bad days – but it’s the good days that make it worth it!

Successful repo men know that while it’s a lucrative business, you need to invest time, invest money, have patience and have a tough skin to succeed!