Repo Man???
12-29-2008, 07:17 AM
#1
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Joined APC: Sep 2008
Position: On the hunt
Posts: 10
Repo Man???
Hey guys, long time.
I got a job lead through my dad for a possible flying gig out in Ohio doing (you guessed it) repossessions and deliveries of all things. Mainly small GA stuff like single and multi pistons. I guess this economy is good for that line of work...repos that is...
Does anyone have any experience in this?? I want to get some outside info on it and see if the business is something I would want to look into.
I got a job lead through my dad for a possible flying gig out in Ohio doing (you guessed it) repossessions and deliveries of all things. Mainly small GA stuff like single and multi pistons. I guess this economy is good for that line of work...repos that is...
Does anyone have any experience in this?? I want to get some outside info on it and see if the business is something I would want to look into.
12-29-2008, 12:18 PM
#3
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Joined APC: Oct 2008
Position: Captain G1 & EMB120
Posts: 84
I talked to a guy once that did it for several years but he did it around the southern boarder and into Mexico. He liked it and said the pay was not bad. A lot of by the seat flying.
Worth a look I would say. Especially with the way things are now. Stay busy doing something.
Worth a look I would say. Especially with the way things are now. Stay busy doing something.
12-30-2008, 10:41 AM
#5
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Joined APC: Jul 2006
Position: XJT CA
Posts: 528
My wife used to work for an aircraft financing company so I used to hear a lot about this. It seems like the majority of the time, by the time the bank comes to get the a/c, they have been neglected to an unsafe point. Her company used repo's as a last resort. As an owner, if you can't afford the loan, you probably can't afford to fly it or maintain it, right? So as a repo man, you're getting into an airplane without any idea of what condition it's in or any idea of what could be wrong with it. There's not always enough time to do a thorough pre-flight on it because of the airport locals. I'm not saying not to do it but I wouldn't feel comfortable jumping into an unknown aircraft.
Just my $.02.
Just my $.02.
12-31-2008, 04:55 AM
#7
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12-31-2008, 05:15 AM
#8
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Joined APC: Feb 2006
Position: B-737NG preferably in first class with a glass of champagne and caviar
Posts: 5,912
It was a fun job in the ‘70s… but those days are long gone.
Bottom line… it’s not worth the hassle as many of these aircraft that are being repossessed are located at airports with upgraded security. Even if you bypass the security system, and you are intercepted by the airport police, then you are really in for a fun time. Oh yeah… as a previous poster mentioned… if you can make the monthly payments, then you can’t afford the maintenance. Oh by the way… how do you know that the airplane is not out of annual? I don’t think the FAA would be keen on that… as they could not care you are doing your job for the bank.
Bottom line… it’s not worth the hassle as many of these aircraft that are being repossessed are located at airports with upgraded security. Even if you bypass the security system, and you are intercepted by the airport police, then you are really in for a fun time. Oh yeah… as a previous poster mentioned… if you can make the monthly payments, then you can’t afford the maintenance. Oh by the way… how do you know that the airplane is not out of annual? I don’t think the FAA would be keen on that… as they could not care you are doing your job for the bank.
01-18-2009, 08:26 PM
#9
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Joined APC: Jan 2009
Position: PA-31/left, LJ31/right
Posts: 350
Originally Posted by captjns
It was a fun job in the ‘70s… but those days are long gone.
Bottom line… it’s not worth the hassle as many of these aircraft that are being repossessed are located at airports with upgraded security. Even if you bypass the security system, and you are intercepted by the airport police, then you are really in for a fun time. Oh yeah… as a previous poster mentioned… if you can make the monthly payments, then you can’t afford the maintenance. Oh by the way… how do you know that the airplane is not out of annual? I don’t think the FAA would be keen on that… as they could not care you are doing your job for the bank.
Bottom line… it’s not worth the hassle as many of these aircraft that are being repossessed are located at airports with upgraded security. Even if you bypass the security system, and you are intercepted by the airport police, then you are really in for a fun time. Oh yeah… as a previous poster mentioned… if you can make the monthly payments, then you can’t afford the maintenance. Oh by the way… how do you know that the airplane is not out of annual? I don’t think the FAA would be keen on that… as they could not care you are doing your job for the bank.
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