Yeah, you're right. And right. If I was buying a small car that'd be what i'd get.
That being said, for the a fraction of same price as a new micra you could pick up something like an old 4 banger second gen Magna running LPG. 4 cylinders so rego isn't more expensive, gets a similar cost equivlant milage and the bloody cars are indestructable (300000k's? nothing). Not to mention the extra space (and they're good for spinning out at lakeside).
If you wan't an A to B car and don't need it to make a social statement or something, you can do soooo much better than buying brand new.
edit: for reference. new micra is ~20K full cost. Couldn't find any older ones, but 2003 ish year model Magna's with the 3.5L 6cyl engine, dual fuel, go for about 8K plus on roads. You really don't get twice the car in the micra..