There are many advantages to buying a bank repossessed car. They’re cheaper than a brand new (and even some second hand) cars, and often their quality is that of a demo model or better. So if you’re looking to buy a car this is perhaps your most cost effective option as far as a price : quality ratio is concerned. Another great thing about bank repossessed cars is that you can handle the entire process yourself. Sure enough, going to a car dealership isn’t all that hard, but you still pay a certain amount of fees for services rendered. At the end of the day you can do all these things yourself if you have some time on your hands to do a bit of research and sort your financing out yourself. This is especially true if you plan on buying your bank repossessed car through an auction.