Being a repo man?
09-18-2007, 05:47 PM
#1
Gets Weekends Off
Thread Starter
Joined APC: Sep 2006
Position: Lovin' life at .4 (ish) mach
Posts: 1,317
Being a repo man?
I always thought it would be a intersting job to be a repo man. Are there repo guys who repo aircraft? how does some one get into this line of work reposessing aircraft?
09-19-2007, 04:15 AM
#3
Flying Farmer
Joined APC: Jul 2006
Position: Turbo-props' and John Deere's
Posts: 3,160
I would like to think that repoing aircraft isn't as a sneaky and dangerous profession as repo'ing cars. Also for the same thing that rarely does one fault on an aircraft, just the overall type of person that owns an aircraft.
09-19-2007, 05:34 AM
#4
Gets Weekends Off
Joined APC: Jun 2006
Posts: 919
This can and does happen - people defaulting on airplanes. I would agree with EWFLYER that it is rare - but sometimes people's desire to fly (and own an airplane) will outweigh their common sense on whether or not it is affordable.
There was a number of repos after oil crashed, particularly in Texas. I repo'd a handful, but it was primarily airplanes that were based on the same field as the FBO I worked at, and it consisted of simply hooking them to the tug and towing them to our hanger. At that point we were able to give them a thorough pre-flight and deliver them to another location.
My thought woudl be to call the companies that are involved heavily in aircraft financing and strike a deal with them to call you when they have a repo that needs to be accomplished.
There was a number of repos after oil crashed, particularly in Texas. I repo'd a handful, but it was primarily airplanes that were based on the same field as the FBO I worked at, and it consisted of simply hooking them to the tug and towing them to our hanger. At that point we were able to give them a thorough pre-flight and deliver them to another location.
My thought woudl be to call the companies that are involved heavily in aircraft financing and strike a deal with them to call you when they have a repo that needs to be accomplished.
09-19-2007, 07:03 AM
#5
Gets Weekends Off
Joined APC: Jan 2006
Position: Spartan
Posts: 3,652
If someone couldn't afford the note payment they were probably cutting out mx long before the repo call. Unless you had a situation like Stinson's with the ability to have someone check it out...do you really want to take a chance flying an aircraft without a known mx history? Better you than me!
09-19-2007, 07:09 AM
#6
Flying Farmer
Joined APC: Jul 2006
Position: Turbo-props' and John Deere's
Posts: 3,160
If someone couldn't afford the note payment they were probably cutting out mx long before the repo call. Unless you had a situation like Stinson's with the ability to have someone check it out...do you really want to take a chance flying an aircraft without a known mx history? Better you than me!
09-19-2007, 07:19 AM
#7
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,041
How could you legally repo an aircraft unless you repo-ed the Mx logbooks along with the airplane?
You can't...I don't think a full annual would make it legal unless you could verify compliance with ALL of the ADs. Some AD's could be verified by a visual inspection, but some might require an engine or prop teardown to verify a certain part
You can't...I don't think a full annual would make it legal unless you could verify compliance with ALL of the ADs. Some AD's could be verified by a visual inspection, but some might require an engine or prop teardown to verify a certain part
09-19-2007, 07:46 AM
#8
Flying Farmer
Joined APC: Jul 2006
Position: Turbo-props' and John Deere's
Posts: 3,160
How could you legally repo an aircraft unless you repo-ed the Mx logbooks along with the airplane?
You can't...I don't think a full annual would make it legal unless you could verify compliance with ALL of the ADs. Some AD's could be verified by a visual inspection, but some might require an engine or prop teardown to verify a certain part
You can't...I don't think a full annual would make it legal unless you could verify compliance with ALL of the ADs. Some AD's could be verified by a visual inspection, but some might require an engine or prop teardown to verify a certain part
09-19-2007, 01:08 PM
#9
Prime Minister/Moderator
Joined APC: Jan 2006
Position: Engines Turn Or People Swim
Posts: 40,041
Good area to point out. There's some way to re-create logs, but as with a lost pilot log, it's a huge pain. Also, if logs are lost/missing, that's at least 20%+ of the estimated value of the aircraft, if not more. To at least fly the aircraft out though, not like you actually "need" the logs for the flight, not to say it'd be nice to have though.
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