I think there is quite a difference between buying something new-ish (say under 3 years old) against something which has had a longer life. These days I would imagine the chances of buying a 2 year old car which turns out to be a disaster would be fairly slim, though I know there'll be a story along soon to prove me wrong :-)
I've bought 4 or 5 cars at auction of up to about 4 years old, and I was happy to risk it so long as they have the service history and appear reasonably well looked after. (Yes, I know I could see the car but you can't get in them, or drive them, and you can watch them being started and driven into the auction hall but other than that you never see-hear them running)
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Well, I wouldn't 
Well, I wouldn't 