One of the most important factors to keep in mind when buying bank repossessed cars is this – research. You need to have solid information about the bank repossessed cars you might be interested in, to know whether they are wise investments. Just because a bank repossessed car is really cheap doesn’t mean it’s worth the money you’ll pay for it. It’s quite possible that you’ll have to spend thousands on repair, maintenance, servicing, panel beating etc. Also, if you’re working through an agency or broker, you need to know that these institutions are legitimate.