1995 Fiat Punto 1.4L Petrol · M412 CAH

Fuel economy on the 1.4-litre Punto petrol typically ranged from 35-42 mpg in mixed driving, though a car that has barely been used may deliver worse figures until it is properly run in. Insurance should be inexpensive thanks to its low insurance group and modest performance, but specialist classic insurance may be the most cost-effective route given the car's age and limited use. Road tax for a 1,372cc petrol of this era sits in a low band, though the exact rate depends on the current VED table and the car's list price when new.

Maintenance is where costs can bite. Parts for 1990s Fiats are increasingly difficult to source new, and many items now come only from specialist breakers or pattern-part suppliers. Typical annual maintenance on a Punto of this age that is actually being driven could range from a basic £150-£250 service up to £500+ if corrosion repairs, brake work or suspension components are needed. Estimated annual running cost: £600-£900 assuming modest use, rising significantly if recommissioning work is required immediately after purchase.

The model's top MOT failure reasons are corrosion, headlamp issues and brake fluid contamination, so these are the priority inspection points. Walk around the entire car on a dry day looking for bubbling paint, particularly along the wheel arches, sills, floorpan, front suspension turrets and around the rear light clusters — these are classic Punto corrosion hotspots. Check that all headlamps, side lamps and indicators function correctly, as MoT advisories for lighting are extremely common across the model range. Brake fluid should be tested for water content; if it has not been changed in recent years, budget for a fluid flush as part of your purchase.

Lift the bonnet and inspect the condition of the cam belt, radiator, hoses and coolant — a 31-year-old cooling system is living on borrowed time. Examine the underside (or use a ramp) for any structural rust, paying particular attention to the jacking points and subframe mounting areas. With only 73,381 miles on the odometer, pay close attention to the condition of the interior, pedal rubbers and steering wheel to corroborate the claimed mileage.

Check the tyres for cracking or flat-spotting from standing, as the very low recent mileage suggests prolonged periods of inactivity. Inspect the exhaust system from the manifold back, as original systems on cars of this age are often perforated or seized at the joints. Finally, verify that all electrical systems function — the Punto's early wiring and connectors are prone to corrosion, particularly in the engine bay fuse box and behind the dashboard.