Should we be hesitant to buy a used car from Carmax that they purchased at an auction?

We found a beautiful Lexus sedan at Carmax and would like to buy it but my husband is skeptical because Carmax purchased it at an auction. He’s wondering how a car like that got to an auction, like maybe there’s a problem with it. The report on the car said that it was part of a fleet or lease and that it was bought at an auto auction in New York. I told him that maybe it got repossessed, someone didn’t pay for their lease, or filed bankruptcy and couldn’t afford it anymore. I’m really not sure either, but the car seems great and Carmax has a great inspection service that they do to all of their cars. Can you tell me some of the possible reasons that a car might end up at an auction?

A surprising number of cars come from local auto auctions. They are usually retired rentals and program cars. If the car checks out upon inspection and they can provide a car-fax report there should be no problem with the purchase

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