Hello Moss, Welcome to the wonderful world of "Moggie Worship" I am awaiting delivery of my second +4 and from previous experience, if you don't hammer the living daylights out of the car, the fuel consumption is miserly. From full to full, I managed 48mpg from my last car so 40mpg is very easy to sustain. With regard to "what to purchase", don't be decieved by the new price of a "basic" car. You will find that the bits that make a Moggie such a delight can easily add £7 to £8K therefore a top spec pre loved car can make a lot of sense.
Happy looking