Faults:
A CV Boot in the front end broke (it's a rubber boot filled with grease), and was causing noise. It was likely caused by some inexpensive (4 for $100 type) tires that were put on by the previous owner.
That's the only thing that ever went out on this car. It was an absolute dream-car, just change the oil, change belts, transmission flush, and other routine maintenance and you'll be rewarded with a fun car.
General Comments:
This was a great car. My wife and I just sold it as we wanted a larger, safer car in a '98 Toyota Camry. Unfortunately, the Camry has numerous problems, while the '98 ZX2 was trouble-free! The ZX2 always got 30 miles per gallon or more, while the Camry barely gets 20 miles per gallon. I wish that we'd kept the ZX2.
This car is very fun to drive.
It accelerates very quickly; it can blow away many cars at a stop light or quickly merge onto the highway.
Steering is a little mushy, but is responsive.
Brakes are fairly good.
Wind noise at highway speeds is acceptable.
The A/C is fantastic, on the '1' setting, it will freeze you in the summer (and I live in the southern US where it's hot).
This is a very beautiful car; very sporty and fun looking.
The cabin is "cozy". I'm 6'2" and fit fine in the front 2 seats. The roof can be a little low sometimes, but I just recline the seat.
These are excellent, economical cars. The prices are extremely inexpensive used. We sold this ZX2 for $3,500 in December, 2004. I may purchase another one for myself at that low of a price!