What used Mitsubishi Colt hatchback will I get for my budget?
How much does it cost to run a Mitsubishi Colt hatchback?
You won't pay a fortune for the Colt - far from it, in fact. Although residual values weren't that bad when the car was new, the Colt is so old now that it will have lost most of its value. You'll be paying less than half the car's original cost even for the youngest examples.
That age also shows in fuel economy figures that are far from astounding. The 1.3 will return a respectable average of 40.9mpg, but the 1.6 should really do better than its 38.2mpg.