Macs used to record total power-on system time, but that was years ago. I don't think any have done that since the beginning of the PowerPC mdoels, like the PowerMac 6100, etc., or some time in that era (seems like a really long time back, now.) I think even that information was lost if the battery or the hard drive was replaced at some point.
The suggestion about up-time, is just that, System time since the last time the Mac was started/restarted.
My opinion is that computer components/hard drives, etc age even when seldom used, so one way is to check how old the computer is from new. There's software that will determine that within a few months, and some internet sites offer a link where you type in the serial number, and the original month and country of manufacture may be available. It's probably a little inaccurate if you have a refurbished system.
If you provide the model and serial number for your Mac, someone here can dig out that info fairly quickly....