Abstract: A waste oil drain collector and storage container kit for collecting and storing waste fluid, such as oil, drained from the engine of motor vehicles. A disclosed embodiment comprises a rectangular receptacle, which, in oil collecting position rests on a broad, flat base, supporting a drain pan in the uppermost position. A lid is designed to cover the drain pan when the receptacle is placed on end with a handle uppermost, in carrying position. A particular feature of the receptacle is a cylindrical valve which is manually rotated through three positions, a first collecting position which opens a passage from the oil drain pan to a storage container; a second pouring position which closes the passage to the storage container from the oil drain pan and opens a passage from the storage container to an external dispensing spout; and a third carrying position in which the passages into and out of the storage container are closed, and a cap is screwed in place on the dispensing spout.