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Why are older Renaults apparently such good value?

Hi,

I'm looking to buy a cheap secondhand (second) family car. Renault Mégane hatchbacks, Scenics and Grand Scenics and even Vel satis from 2003, 2004 and 2005 seem very good value with low mileage NCTed models available from €2k to €3,400 in garages. Much cheaper than similarly specced Japanese or German alternatives. Are they that risky? If the timing belt is done and the electrics seem ok is there anything else I should be wary of or are Renaults that old just not worth the grief?