Cars without service history are definitely still buyable by all means but just make sure you do your checks and have someone who knows what they are doing thoroughly run through it - if there isn't a service history record make sure you do grill them about the services just to get an idea whether or not they know what they are talking about in terms of maintenance, it will give you a good idea if they are knowledgeable about the car and will help you make a decision whether or not the owner has taken care of it or not.
These days no books are a common bargaining chip so where possible you can play this to your advantage to save some $$$
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