i have recently purchased daewoo racer for 300k and then spend around 40k over paint + suspension and other few tune ups and belive me its one great car, smooth & powerfull engine, comforable suspension, huge trunk space, spares and resale is not a issue at all, it sells like hot cake now a days, becoz mehru is of 560k and now daewoo market is getting higher and higher.
but its really hard to find a gud piece, becoz nobody sells it if having gud piece,
my vote go for daewoo 300-350 k, u will find a gud car.
Regards