I used to own FAW V2 last year, from May - October. It was my first car and i bought it in brand new condition. After selling it, I bought Passo.
The only reason for selling; it was MT and I used to get exhausted by travelling 70-75 kms daily.
It's drive is quite smooth and comfortable with powerful 1.3L engine, However, it's built quality, specially interior and plastic, bilkul mazay ka nai hai. It gives a very dull feeling. Quality is also not good.
If one is OK with MT, then brand new FAW V2 is best value for money, considering it's price and safety features. Then comes PKDM Wagon R.