It's not that cheap for a Matiz, but it is low mileage and having a car that's already knocked means you can be a bit more casual about it getting more (eg in supermarket car parks!)
I just looked it up in Honest John and he says:
What's Good
Tiny and cute. Styled by Giugiaro from scratch and much better looking than Move, Wagon R or ATOZ. Just 11' 6" long by 4' 11" wide and only 778kg. Sensible city car or suburban runabout. Excellent for the school run.
Not bad value with full Daewoo 3-year servicing and warranty package. Handles well enough given its obvious limitations. Tiny size makes it easy to park. Outsold Fiat Seicento in Italy.
Reasonable Three-Star rating in Euro NCAP crash tests. Facelifted inside and out for 2001. Price cut to £5,995 summer 2001. 62.5bhp 1.0 litre four cylinder belt-cam engine finally announced for 2003 at £6,295 for SE and £6,995 for air-conditioned SE+. Does 95mph, 0-60 in 13.4 seconds and combined consumption 44.1mpg. 800cc is IG 2 and 1,000cc is IG 3.
Company taken over by GM in October 2002. Total 52,118 Matiz sold in UK to October 2002 by old Daewoo Cars Ltd. Daewoos generally had below average warranty repair costs in 2003 Warranty Direct Reliability index (index 85.05 v/s lowest 31.93). Link:- www.reliabilityindex.co.uk One Telegraph reader got 5 years and 92,000 reliable miles out of a Matiz.
Telephone number for spare parts and service: 0800 60 60 60, or visit www.gmdaewoo.co.uk Outstanding service and warranty deal transferable to new owners. Rated one of the cheapest superminis to run in 2003 Which survey. Average for breakdowns, problems and faults in 2003 Which survey. May 2004: 64PS 1.0 'Flirt' special with black paint, tinted glass, special alloys, a/c, ABS, PAS and CD player for £7,995. Xtra Cool model with a/c, CD player and 1.0 64bhp engine from July 2004 at £6,495.
Daewoo name changed to Chevrolet in January 2005. Dealer chain expanded to 100.
What's Bad
796cc 50 bhp 3-cylinder engine not quite up to motorway travel. Rolled over on high-speed reverse-turn by Autocar magazine. Trim quality not brilliant. Terrible Neil Lyndon road test report in Sunday Telegraph on 4/10/98 (though Neil later had second thoughts about the car and gave it the thumbs up for what it is).
Joint fourth bottom in 2002 Which reliability survey of cars up to 2 years old; 83 cars surveyed. CO2 output not brilliant at 161 for 800 and 158 for 1.0 litre, means VED for both is £120pa rather than £70pa of new Daihatsu Charade.
Spate of rusty hatchbacks and no replacements available led Daewoo to scrap some early Matiz models and compensate owners under the perforation warranty. Despite one reader's 92k miles and 5 years, they don't generally seem to last much longer than 3 years or so without starting to cost an unjustifiable amout in repairs. Used values now slipping.
What to Watch Out For
Proper Daewoo/Halfords service history. Collapse of servicing network may have lead to service gap in 2002. Timing belt and tensioner pulley replacement at 40k miles or 4 years whichever comes first is critical. Check hatchback for rust, particularly if buying privately or at auction 'without warranty'. Alternators known to fail. Original equipment Power Star 155/65R13 - made in Korea and fitted by the manufacturer can eventually distort and cause a vibration.
Recalls
18-7-2000: 4,837 Matiz models recalled due to possibility of corrosion in fuel filter which could lead to a fuel leak. Fuel filter to be replaced with modified type. 3-10-2003: 389 cars recalled because screw in motorised throttle actuator could be faulty and result in over-revving. MTIA to be replaced if necessary.