And I would pay £1000 for a shabby 53 Plate Diesel 307 which has covered 103k miles with the engine light on, simply because if I sent it to auction I'd make a profit.
But are you 150% on that you'd make a profit on it at auction? I personally wouldn't be. Certainly not enough to risk losing money if it goes for sale on a day that nobody wants a shabby 6/7 hatchback with a relatively complicated broken Diesel engine and it ends up going for peanuts.
It's a risk, but is it really worth it?