Caveat emptor!
Shiny paint would mean that the machine needed a really close examination.
Unscrupulous folk imagine that repainting equals refurbishment. This might just deflect potenrial buyers away from the wear!
As already said, take someone with you who knows what to look for and check.
A slightly dirty, oily, machine might be actually be in better condition that a shiny one!
Really, you need to hear it running (there could be one or more broken gears, which could be rotated to hide the damaged /missing tooth) Unwisely, some folk unscrew a stuck chuck by engaging back gear without freeing the bull wheel, to lock the spindle while great forces are applied to the chuck to unscrew it. Often this results in one or more damaged gears. So check very carefully.
It might be O K , but check very carefully. ( I know someone who bought what appeared to be an excellent machine. When delivered, the toolpost had been used to cover a large piece broken out of the cross slide! And he had problems getting his money back)
Do any other items come with the lathe ( a 4 jaw independent chuck, as well a 3 jaw self centering, any extra gears, vertical slide for instance, or cutting tools, drill chucks)?
Try to find out more about where the machine came from, and how it was used. An ex Tool Room machine may have been in industry but seen occasional use, compared to larger machines around it; or it could have been the principal machine and worked hard, day in and day out.
If it turns out to be a bad ‘un, you might be better looking at a new far eastern machine from a reputable supplier, for the same money. And it would come with a warranty and probably some technical back up, should you need it.
Howard