After owning my 1.6 for more than 3 month, I am very satisfied with the Cerato.
I would dare to claim this to be the 2nd best purchase in my life (my house is the first

).
The handling is good, which I dun understand that there are no feedback from the steering (maybe I'm not so good with this feedback feel thing).
The noise insulation is good also, definitely better than most of T & H C Segment.
Fuel consumption very much depends on your right leg. Averagely I manage to get around 560 km for 45 litre (est. 8 litre per 100 km). Not very frugal but good for urban/sub urban ride.
Maybe the only setback I feel of is the suspension which might be a bit soft. Can definitely feel some sway when tackling corners and bends and higher speed.
Well nothing is perfect but the Cerato might just be the best buy you can get with sub RM 100k budget.
CHEERS!!!