Bank repossessed cars are a very underrated option if you’re considering buying a car. Bank repossessed cars combine the advantages of good quality (typical of new cars) with low prices (typical of used cars). In truth Bank repossessed cars are a bit in-between. They are usually still quite new, but get repossessed because the buyer couldn’t finish her or her payment installments, or didn’t pay them on time. In the case of the latter, these cars generally won’t be more than a year old. So you get a basically new car, but for a demo or second hand price. How does this work?