Lift and Tow is the Original Inventor of the Truly Hidden Wheel Lift.
While there’s no doubt police cars, ambulances and fire engines fall under the category of emergency vehicles, you may have wondered whether tow trucks also match this description. Are tow truck drivers first responders? Is a tow truck an emergency vehicle? Though the answer is technically “yes,” regulations regarding their use are somewhat different. Read this guide to find out more.
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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According to the National Institute for Occupational Safety and Health (NIOSH), the tow truck industry is among the most dangerous. The motor vehicle towing industry sees 43 deaths per 100,000 workers, compared to the national average of 2.8 per 100,000 workers.
As an occupation that spends a lot of time on the road and dealing with heavy machinery, tow truck driving has plenty of opportunities for hazards. Besides the potential for crashes while traveling to and from sites, drivers spend time on the sides of busy roads. An improperly lifted vehicle can roll backward, and debris from a damaged car can lead to cuts and other wounds. Following some tow truck driver safety tips can save lives and prevent injuries or dangerous mistakes.
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A majority of Americans take out loans to pay for their new vehicles — as of 2019, total auto loan debt in the U.S. was nearly $1.2 trillion. Instead of borrowing to buy a car, about 30 percent of drivers decide to lease their vehicle, effectively borrowing the car from a dealer for a set amount of time.
Those who finance or lease a vehicle are expected to pay the lender or dealer according to the terms of the loan or lease. If a driver stops making payments, the lender can repossess the car. About two percent of car loans and leases in 2019 were delinquent, meaning the driver was at least 30 days past due on paying.
Someone has to have the job of repossessing delinquent vehicles. Depending on your disposition and skill set, that someone could be you. In this guide, we’ll discuss the process of becoming a repo person and what it takes to become a repo man.
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Whether you miss a single or several payments on your car loan, the situation shouldn’t be taken lightly. You need to act fast and make smart, honest decisions based on your finances and personal circumstances. In many cases, failing to pay consecutive installments can result in the repossession of your vehicle — but there are several proactive steps you can take to avoid it.
Lift and Tow will help you understand the impact of voluntary repossession and how voluntary repossession works.
A repossession man or woman is responsible for reclaiming anything people take out loans for. When a borrower doesn’t make the necessary payments on credit, the lender can hire a repo man to do the dirty work and repossess the item — which is often a vehicle.
Lift and Tow has devised a guide on the process of getting paid, expected fees and how much a repo man can make. If you’re looking to become an independent agent, we can help you through the process of investing in the best equipment.
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.
As of November 1st 2019 there will be an increase in our Unit’s cost.
The last increase has been over 2 yrs ago. We at Lift and Tow have made many upgrades to our product to assure our customers are getting the very best quality product at the most affordable price. Now that we are sure our unit is at its peak performance and quality, our unit’s will reflect a $500.00 increase due to the cost of upgrades for the Z series , 5 series and Super series.
The 3 Series will remain at old price even though upgrades have improved this unit as well. We stand behind our state of the art products with a guaranty that is far above our competition. Our knowledgeable staff of professionals will make your purchase experience a pleasurable and effortless task.
If you wish to capitalize on the old price you must have your unit of choice ordered and paid in full by 10/31/2019. Thank you for believing in us and trusting our products, we look forward to a continued relationship.
If you want to become a repo agent, you will first need to determine whether you have the right kind of personality for the tasks that the job entails. It takes tremendous amounts of courage and a hefty backbone to carry out vehicle repossessions, as you perform a service in which there is usually going to be a disgruntled party. The steps in car repossession are not complicated, but they involve more than simply going out to reclaim an unpaid vehicle.