Truck Bounty Hunters

Repo men for trucks?
Sure.
For stolen trucks and their cargo?
sure, but that's almost impossible to find. Stolen cargo is disposed of in a matter of hours if not days.

 

Cargo is stolen for quick money. It's usually sold before its stolen.
Yes, GPS trackers are used much like LoJack. I've had them in my loads a few times.
But that's reserved for high value loads usually.
Maybe it will become more common as time goes on.
But again...if you don't find the cargo within 24 hours, it's gone.

 

Companies usually have their own recovery teams. Banks and finance companies hire repo drivers, It's not an easy job, because you might chase a driver for a month or two as he's always moving.

I read about one repo man that liked to catch drivers fueling because many leave their truck open on the fuel island. Then when they go into pay he makes his move and has full tanks too.

 

I would say more like the first 24 min. now a days trucks are usually stolen for the cargo and not for the truck. A lot of times whats in the back is worth hundreds of thousands if not millions and is easy to split up and sell on the street. The cargo is usually almost immediately off loaded into another truck or a warehouse. Then the truck is either sold for parts or just ditched somewhere.

 

We had a load stolen from a truck stop. It took 3 days to find it, still intact.

Dumb### had stolen a load of scrap paper.

 

I worked at a repo company as a sales manger for a few years and can tell you thats another trucker story.

Most trucks are leases not purchases. This means different contracts.
A purchase a buyer has rights. A repo man can not cut chains to get to collateral and can not do some other things. But a lease...he can break into your shop and drive the truck right out with you hanging off the door.

Since I was the only one with a CDL there for some time, they used me to go drive stuff off. Most banks if not all have high standards to give out loans on trucks just cause they were so hard to get back. Usually people put up titles to other stuff along with big down payments. When you default, they keep those and assign the loan to a repo company they deal with. Then they start looking for you out and about at places were they find out you frequent (thats the fun part of the job).
If they do not find the truck within a certian time period, say a few months, they file a rep-leaven http://en.wikipedia.org/wiki/Replevin in which case they get a court order and show up with the Sheriff. If you do not produce the truck right then and there, you go to jail.

I have been at situations where banks got them for high dollar loans like car haulers and tow trucks. The sheriffs show up and knock. You don't answer, they call a lock smith out to the spot and have him unlock. And your done.

No cowboy bounty hunter chasing fighting going on. To risky for the lender and they do not want to get sued if something happens.

The closest thing I ever saw was when I a guy refused to give the truck up and the president of a small lease company came out with us and we saw the truck in the yard. We called the Sheriffs and told them what was going on and what we were gonna do, cut lock and get in the truck and drive it out of yard. The pres had the signed lease papers with him so he had every right according to the contract that was signed, to cut the lock.
Dudes brother came out and tried to start a fight and chest pump. Once we said police are on the way he got real quiet and walked back inside. We drove away and end of story.

The repo industry is so full of myth it aint funny. IT IS NOTHING LIKE THE SHOWS. The shows clearly say they are ACTORS at the begining of the show before the theme song starts.

Plus now with gps in almost every truck with a loan, you aint going any were long and if you do chop it up and sell it for parts they will file a claim against your insurance then your insurance will come after you...I seen that also.

There are so many people that burned the commercial loan industry that in todays world you aint gonna have to hire anyone to get your truck. They will bring it in and drop it off. 95% of the time. The rest is handled by sheriffs. No yahoos.

 

maybe there is some idiot out there who has done that once or twice just to say he did it but for the most part they almost never do something like that.
real collector agents are not idiots. they are some of the calmest people you ever met. calculated. its all an insurance and numbers game. cowboys come quick and go just as fast. a bank will not issues account to cowboys cause they do not want to bring heat to their collection practices.