What Decode This! says

The Rio and Rio Cinco are the lowest-priced sedan and wagon on the market, and they feel that way. Buy one only if you must have a new-car warranty; otherwise, spend your money on a nice used car.

Pros

Small price, big warranty, peppy engine, attractive styling.

Cons

Unrefined handling, five-speed manual's rubbery shift action, mediocre fuel economy.