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Mitsubishi Lancer 1994: Is it reliable and cheap to run?

I AM looking to buy my first car and have seen a 1994 Mitsubishi Lancer GL CC 1.5-litre for $2000. It's done 160,000km and I was wondering if it would be reliable and cheap to run.

THE MILEAGE is a little less than the average for a car of its vintage, so that's good, and the price is reasonable. The Lancer is generally a sound little car and it should continue to be reliable, provided it has been well serviced and you continue to service it regularly.

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