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Repossession Towing Jobs in Indiana (NOW HIRING)

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Repossession Towing information

Do repossession agents make good money?

Repossession agents typically earn an hourly wage or commission-based pay, with salaries ranging from around $30,000 to $60,000 annually depending on experience, location, and the complexity of recoveries. The job often involves working irregular hours and requires skills in driving, negotiation, and sometimes specialized equipment. Earnings can increase with experience and successful recoveries, but income varies widely across regions and employers.

How do I become a repossession agent?

To become a repossession agent, you typically need a high school diploma or equivalent, a valid driver's license, and a clean driving record. Many states require licensing or registration, and agents often receive specialized training in vehicle recovery and legal procedures. Experience in security, law enforcement, or driving can be beneficial.

How do repossession companies get paid?

Repossession companies typically get paid through a fee charged to the lender or financial institution for each vehicle they recover. The fee can be a flat rate or a percentage of the vehicle's value, and payment is usually made after successful recovery and documentation. Some companies also charge additional fees for storage or administrative costs.

What is the difference between Repossession Towing vs Vehicle Recovery Specialist?

AspectRepossession TowingVehicle Recovery Specialist
CredentialsDriver's license, sometimes specialized trainingDriver's license, recovery certifications
Work EnvironmentImpound lots, roadside, private propertiesAccident scenes, off-road, remote areas
Industry UsageAuto finance, lending companiesInsurance, roadside assistance

Repossession Towing and Vehicle Recovery Specialists both require driving skills and relevant licenses. Repossession Towing primarily involves retrieving vehicles for lenders, often from impound lots or private properties. Vehicle Recovery Specialists focus on retrieving vehicles from accident sites or difficult terrains. While their roles overlap in vehicle handling, their work environments and industry applications differ, making each role unique in the vehicle recovery industry.

Is starting a repo business worth it?

Starting a repossession towing business can be profitable if you have the necessary equipment, knowledge of vehicle laws, and proper licensing. Success depends on building relationships with lenders and managing operational costs effectively. It requires understanding legal procedures and maintaining a reliable fleet to ensure efficient recovery services.
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What cities in Indiana are hiring for Repossession Towing jobs? Cities in Indiana with the most Repossession Towing job openings:
Repossession Towing jobs near you

Repossession Agent - Grovertown

Indiana Recovery Services

Grovertown, IN • On-site

$20 - $25/hr

Full-time

Retirement, PTO

Re-posted 19 days ago

Job description

Join one of the top repossession teams in the Nation!
Description: The Repossession Agents job consists of investigating, identifying / locating and securing defaulted collateral using a variety of programs and technology. Once secured, safely and efficiently transporting unit back to company impound yard.
Qualifications:
  • Self-starter with positive attitude and ability to work with minimal supervision
  • Strong attention to detail, goal oriented
  • Able to multi-task in a fast-paced environment
  • Commitment to excellent customer service
  • Shifts and/or schedules may change throughout the year as dictated by management and business needs
  • Preferred proficiency in current technology
  • Able to problem solve and determine solutions to issues as they arise
  • Must be able to work in all weather conditions
  • Must have a Chauffeur's endorsement and maintain a clear driving record
  • Must be able to lift a minimum of 50 lbs
  • Must be at least 23 yrs of age
  • Must pass a background check and drug screen
  • Background in collateral recovery, towing, investigations, law enforcement or military preferred but not required.
  • Preferred knowledge of vehicles

Job Duties for Repossession Agent:
  • Locate, verify and secure collateral out for repossession based on information provided by the lien holder
  • Properly securing unit to tow truck and safely towing unit to lot
  • Report recovered collateral in required systems
  • Maintain equipment and complete daily vehicle inspections prior to and at the end of each shift
  • Complete condition report and photos on recovered collateral as needed
  • Transport recovered units to auction as requested
  • Follow all DOT regulations and company policies
  • All other duties as required

Compensation:
  • Agents make anywhere from $60K - $140K a year depending on work ethic and determination. Hourly pay for company meetings and training
  • Bi-weekly pay schedule
  • Matching retirement program
  • Paid vacation
  • Company clothing allowance
  • Company issued ipad for use in the course of work duties
  • Newer equipment

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