If you’re a smart investor or in the know when it comes to smart business offers, you’ll probably know about bank repossessed cars. These are cars repossessed from owners who can’t afford to pay their instalments, or are taking longer than stipulated in the contract. Therefore the bank which funded the vehicle in the first place repossess it and sell it (normally at a greatly reduced price) to cover the outstanding amount. There are different ways to get your hands on a bank repossessed car; these include going directly to the original bank or financing agent or trying your hand at an auction.