Cheap runaround? Buy a 1.9 306TD; low insurance (G5 iirc), plenty of power with headroom for a bit more, generous amounts of torque, and the economy of diesel, with the added bonus of being able to run it on Biodiesel B100 if they sell it anywhere near you, ending up giving you massive saving lol.
Can pick decent ones up for less than £1000 easily, can find mint Ph2's for around the 1k - 1.5k price range.
Just my opinion. Once you go to the dark side, unless you are going to go for summit really special petrol wise, believe me, you will never go back!