It's a sad story the new picanto is such a nice car.
My opinion;
Good choice new one
I recommend the AK12.
My mom had a 2002 one since 2004 and it didn't have any significant repairs yet.
Don't be confused by it's looks it is a very hardy and capable car.
It is very easy to drive and now my mom doesn't want to drive any other vehicle because it is so easy like a toy car.
when it was bought it did 14kmpl to kataragama and around 10kmpl in school traffic. all with AC
It pulls better than the 1.5 aliion we had, but less than the 1.8T VW beetle.
Basically it has sufficient pulling power and the power and fuel economy is not affected by the load as much as the 1.0L cars we now see.
Personally I don't like the auto box,
The interior looks a bit plasticy. and I wish they paid some more attention to the interior of the doors.
And they have put velvet into the back of the seat obviously where we won't sit on. and put a normal cloth to the front part of it.
Thant could be fixed by putting a set of comfi seat covers.
It has a low number of gadgets (which must have been a reason for low maintenance)
Like the colour matching beige interior for beige cars and orange for orange ones. but hate the black/ gray interior, it kills the theme of the car.
It's the best Japanese hatch you can buy for that price bracket. the best competitor is not the swift box but the old vitz which is 1.0L and i think is not as good as the AK12. Altough if you are going for a bit older sedan you would have better vehicles to chose from
Also the new k13 looks ugly(to me), so people will like the ak12
Go for a 1.3(AK12) or 1.4(BK12) one. don't go for the 1.0(K12) because it is less economical, less powerful and will wear off quickly.