The world might have recovered from the recent recession, but economic aftershocks are still being felt. Also, the recession has made many wary of overspending. People are also thinking twice when it comes to big purchases like cars and houses. Luckily there are cost effective options when it comes to buying a car; why not consider buying a bank repossessed car? Buying a car is an expensive venture, apart from the purchase price of the vehicle itself you also need to contend with the expenses of insurance, petrol, maintenance and servicing. This all adds up, so if you can save as much as possible on the car itself – like when buying a bank repossessed car – you have more to spend on these other costs.