How Do I Start A Repossession Business In Michigan? Be 18 or older. Have a high school diploma or GED. Have 6 months experience working in repossession. Pass a state exam. Obtain a surety bond for at least $5,000. How much does it cost to start a repo business? Costs to Start a Repo Business
How Much Does It Cost To Start A Repo Business? Costs to Start a Repo Business Plan to spend $80,000 or more on a new truck, which brings startup costs to $90,000 or more. If the startup costs of purchasing multiple trucks is too great, consider starting on a smaller scale with one vehicle or
How Do I Get Inbound And Repo Contracts? Be at least 21 years old. Be a citizen of the U.S. Have no convictions (felony and crimes or moral turpitude) Undergo a criminal history background check through the FBI and Nevada Department of Public Safety. Possess at least 5 years of repossession experience. How much do