When bying bank repossessed cars, there are many ways to go about it. You could buy bank repossessed cars directly from the bank who owns this property, or from a car dealership. You could also attend bank repossessed car auctions yourself. Auctions are a good idea in the sense that they are often “undersold”. This means that the banks don’t really spend all that much on advertising and marketing (they’re trying to make money, not spend it). So if you do catch wind of an auction, chances are there won’t be thousands of people to compete with.