Like bank repossessed properties, bank repossessed cars are a great way of obtaining quality goods at way under the market price. With the increasing popularity of auctions, these repossessed goods are also easy to get hold of (and are also becoming increasingly DIY-friendly). However, it’s quite a different story if it’s your car or house that’s being repossessed. Here’s what you need to know about bank repossessed cars, what it means, how it works and how to avoid it.