Question

How Do I Start A Car Repossession Business?

So basically I'm about 5 months out of the Marine Corps, and living in Miami, FL, I've been doing a lot of weightlifting at the gym and met some guys who are also interested in repo.
We're each bodybuilders, and have some pretty diverse backgrounds, and we wanted to go into the business.
So how do we get this business up and running, anything we need to do.
- I have a concealed carry permit for a Glock, don't know if that is necessary though.

- We have about $5000 to start it up

10 months ago - 1 answers

Best Answer

Chosen by Asker

Go to City Hall and find out the requirements in Miami. You likely have to post a bond, obtain insurance and have a background check. The best way to get into the biz is likely to work for one first so you know the ins and outs and make some contacts. It's harder than you think as most car loan dealers will only work with large firms with established reps.

10 months ago