The 1988 Mitsubishi Colt range of configurations is currently priced from $1,980.
The 1988 Mitsubishi Colt carries a braked towing capacity of up to 600 Kg, but check to ensure this applies to the configuration you're considering.
Mitsubishi's recommendation is for fuel-injected models only, so I would not use E10 in your wife's car. It would be best in your circumstances to go to the higher octane petrol.
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The Mitsubishi Colt 1988 prices range from $1,980 for the basic trim level Hatchback Gl to $3,630 for the top of the range Sedan Se.