Bank repossessed cars are becoming an increasingly popular option for buyers, and for good reason. Bank repossessed cars are often still quite new, and therefore still in great condition – the bonus is that they are sold for way less than the market average. Furthermore, bank repossessed cars are repossessed exactly because the (previous) owners couldn’t pay his/her instalments on the loan or payment plan. This means that bank repossessed cars are often quite exotic or sought after models, and that’s why this is a very cost effective way of getting the car you’ve always wanted for much less than you’d normally pay.