OrbitalDawn
Ulysses Everett McGill
I am also considering that option, was looking at Ford Figo and polo Vivo, can get a 2012 Figo for R99900 and that I can tell you looks very interesting....with a small deposit repayment will be R2100 for 48 months.
Much better option already. Depending on how flexible your budget is, you can also look at 2012 Fiestas, or even a 2012 Honda Jazz. They go for about R130k - R150k.
If the only way you can buy a car in the Megane/Golf bracket is by buying an old one with high KMs, then you can't really afford a car in that bracket.