Faults:

The fuel pump died and the fuel filter was clogged.

I adjusted the valve clearance at 158,000 due to excessive knocking. Now it is silent.

Dash lights were dead when I bought the vehicle, I replaced those at around 160,000.

Front drivers side wheel bearing had gone south. I blame the previous owner for not lubricating it correctly and adjusting. It had overheated either from too much tightness or lack of lubrication.

That's the only thing that has gone wrong while I own the car and I blame dirty gasoline.

General Comments:

The car has the 5.125:1 final drive ratio, 96 horsepower. And weighs 1300KG (1,3) TON.

The car has modified suspension, 3" lift on the body and 2" on the suspension. Which eventually puts a lot more stress on everything, but yet it is very comfortable to drive.

It handles like a charm, and driving in the city is just like driving a normal little family car.

It's quick to jump into traffic, not like other 4x4 cars.

Small and easy to park.

NOTE: I have the two door hardtop version of the car.

Faults:

The water pump started leaking at 200000, replaced easily.

Rear right power window ripped a wire.

Heater motor is worn after 11 years of use.

Axle boot ripped at 195000.

General Comments:

It's super-reliable, always starts immediately, it even has the original battery. (as a sign of little cranking needed)

After 200000km the engine still has full 9.5:1 compression and doesn't burn oil at all.

The 1.6L engine moves the car forward, but lacks low-end torque.

Road noise is extremely low due to excellent suspension and good ground clearance.

Handling is ok, but a little under steered, the front end is much heavier than the back end, so it switches ends easily on slippery roads, but connecting the front wheel drive fixes that problem completely.

Driving in heavy side winds is hell, the door rubbers don't stand much against side winds, and due to the large flat side surface, the wind pushes the car a lot.

With four wheel drive, a transfer case and such, the car is still lighter than many front-wheel driven cars (1160kg from the factory)

Fuel economy is ok when cruising, goes low as 10 liters per 100km.

The 55L gas tank is fine in the city, but a little small for road trips.

There's little rust except in the wheelbases and below the doors. The bottom has no rust at all, pretty good for being driven in the salt drenched streets of Reykjavik every winter.

The front seats are comfortable, and sitting at this level is nice, rather than sitting on the ground.

The back seats lack legroom so they get a bit tiring during long trips.

Cargo space is rather small, but with the back seats folded away there's way enough room.

It's a good reliable car, but it hasn't got the space needed for a 5-person family.