Lift and Tow is the Original Inventor of the Truly Hidden Wheel Lift.
We’ve all encountered situations where we need to tow something. When you own an SUV or pickup truck, the solution is simple. But what happens if you don’t have the appropriate towing capacity to accomplish the task?
Keep reading to learn all there is to know about towing with a rental truck, including towing tips for beginners and things to consider before getting out on the road.
If you have aspirations of becoming a tow truck driver, you should know there’s more to it than hauling broken down vehicles.
What does it take to be a tow truck driver? You need the proper training, licensing and certifications as well as interpersonal skills and sufficient physical fitness. Being a tow truck driver takes hard work and dedication. But without towing professionals, many drivers would be stranded on the road with no help. If you want to know how to become a tow truck driver, the following guide will show you what it takes.
When times are tough financially, it can feel like you’re juggling an impossible amount of bills. The threat of car repossession may be a daily stressor in such circumstances. To learn more about how car repossession works, read through this article and find out what to do if your car gets repossessed. [Read more…]
Being a repo man or woman is a challenging but lucrative and rewarding job. As a repo person, you’re responsible for recovering unpaid property from borrowers who can’t repay their credit or loans to the lenders. You may work for various lenders, including credit unions, banks and financial institutions, that may hire you either directly or via a debt collection agency.
In most cases, repossession agents retrieve property such as cars, trucks, motorcycles, boats and other equipment, including televisions and refrigerators. Typically, a lender has the right to repossess property when the borrower defaults on payment, with no need for police or court involvement as long as there’s no breach of peace.
When a loan borrower is unable to repay their loans on a vehicle or property, repossession agents reclaim the property voluntarily or involuntarily. The agents use various methods of collecting these items — and when it comes to cars, tow trucks are usually the go-to option. Generally, depending on your skills, becoming a repossession agent is a job with many benefits. Here’s a closer look at a typical day for repo agents so you can decide if it’s the right career for you.
In most cases, the answer is yes. Commercial driver’s license requirements vary depending on the size and weight of your vehicle and trailer. Most tow truck operators will need a specialized tow truck driver’s license to operate a commercial vehicle.
Tow trucks come in various styles to serve different applications, such as hauling a wrecked car to a junkyard or transporting a disabled vehicle to a repair shop. Typically, tow truck companies rely on a few main types of tow trucks and wreckers for their daily operations. When you know the main differences between the types of tow trucks, you can be better prepared to select the right one for your company’s needs.
Find out more about the main kinds of tow trucks and the value of hidden wheel lift models below.
Though the answer is technically “yes,” regulations regarding their use are somewhat different. States have different requirements, but generally, any vehicle responding to an emergency is considered one which is why tow trucks are emergency vehicles.
When a borrower fails to make payments, someone has to reclaim the unpaid item. To perform this task, most lenders hire a third party — cue the repossession agent. A repossession agent collects unpaid items from borrowers and returns them to lenders so the lender can recoup their losses. It’s not an easy job, but it can be highly profitable.
Learn about how the auto repossession process works and how to become a reputable repossession agent. You might want to kick-start your career with one of the established high-end repo companies and later move on to freelancing.
Starting your own business can be as exciting as it is profitable. By starting an independent towing company, you get to be your own boss and provide an essential service to your community. People will always need towing services as long as there are cars on the road, and you can set yourself up to answer the call. So, how do you start your own towing company? To help you get started, we’ll go over all the initial and ongoing expenses you need to know about.
The main initial expense when opening a tow truck business is the truck itself. How much does it cost to buy a tow truck? The answer depends on the kind of vehicle you want and the current market. A new light-duty tow truck will be on the lower end of the spectrum, although still more than many used vehicles. On the high-end of the price range, an ultra-heavy-duty tractor-trailer can handle even the biggest towing jobs. You might choose to take out a mortgage, which lowers your initial costs and raises your monthly expenses.
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