How much do you get to repo a semi truck?
Repossession fees vary by state and company. Typically, companies will charge a fee of $1,000 to $5,000 to repossess a semi-truck. This fee covers the costs of towing the truck, storing it, and preparing it for sale. In addition, the repossession company will also charge interest on the outstanding debt. The interest rate will typically be between 10% and 18%.