paulmilbank: Friends don't let friends buy MGF's! Father in Law gave me his old one when he started working for Honda and they gave him a company car. It was in poor condition to start with, granted, but It was horrendous and very difficult to do anything mechanically on. Lots of British "quirks" that you just wouldn't see on a Jappa. Too far ahead of its time suspension which is not made any more, badly designed soft top, bolts made of cheese, engine design issues due to it being an overly bored and stroked K series first built in the 80's. Cooling system is atrocious, it just goes on and on. Fun to drive though.
Want to stay away from Euro's unless it is really good. Jappa's are everywhere and parts are plentiful. Heck, with an MX5 and an engine hoist, I could swap an engine in an afternoon. I would probably look at the newer spyder MR2's, have seen a few in that price range.
New MR2 SPyders are pretty good, couple of guys had them on club runs and they were basically more modern versions of the AW11, more true to the handling compared to the SW20 which required mods.
RE: Colt my pick of the non Plus versions would be
http://www.trademe.co.nz/motors/used-cars/mitsubishi/auction-829817787.htm
Less people mover shape and more hot hatch.