Faults:

The only thing that has been kind of a nag has been the clutch. Have replaced both rear, and master cylinder.

Transmission was getting harder to shift, so I replaced clutch at 150k miles.

Battery finally died recently. Replaced.

Replaced timing belt, water pump, fuel filter, as soon as I bought it. Preventive maintenance.

Car is great, and very reliable. As with any car, do the maintenance work and replace parts BEFORE they fail.

General Comments:

The car has never left me stranded. I have made several trips, over 1k miles each way non-stop. Car ran flawlessly.

Handling is excellent. However, ride can be a bit harsh.

Has enough power, although for really good acceleration, consider finding a Supercharged model.

Faults:

Brakes were warped at purchase, and were replaced with performance rotors and pads for $300.

Tires were also worn and were replaced at a cost of $320.

The muffler fell off, breaking the flex pipe, and was replaced by a very cheap aftermarket one, $32.

Toyota Racing Development headers were ordered to replace the entire exhaust system $350.

Two rims are bent, and I expect their replacement to cost $100-$300.

General Comments:

This car is a great daily driver, and I drive 60 miles a day to get to college and back, getting about 25-35 miles to the gallon.

Exhaust system is a bit bothersome, but when the Toyota Racing Development headers arrive (to replace broken downpipe and flex pipe), that should be cleared up.

Car handles incredibly well compared to my RX-7, although it has cost a lot more to get it there.

Low miles for a Toyota, and I expect it to drive for much longer.

Oil changes every 3000 miles with Mobil 1 5w-30 seems to work well for these cars, as my oil has gotten much cleaner through only 2 oil changes!

Overall a very well built car with plenty of life left within.

Faults:

Problems in 14 years of ownership (for 12 years it was my father's) :

-Replaced a brake caliper

-Power antenna failed - it is now permanently in the UP position and will stay that way because I don't intend to spend approximately $250 on a power antenna unit.

-Both electric window lifts are failing - CLACK! CLACK! POP! "Please keep going up, nice little window!" This is especially fun in the rain...

-Oil leak from engine somewhere - I'm pretty sure it's from the oil pan.

-Suspension seems to lean to the right (driver's side). My dad and I are both about 200lbs, I think the driver's side springs are sacked out.

-No rust!

General Comments:

Sharp handling. A little gutless. Could use a little more rasp in the exhaust note. I feel special when I drive this car because I only see another MR2 of this vintage once a month, if that. I live in Minnesota - this type of car isn't very popular here because of the snow and ice.

I don't even consider driving this car in the snow because I tried twice and nearly exterminated myself both times. Besides, it does lousy donuts - all it does is understeer...

My father bought this car for himself on the day after my 16th birthday. I have harassed him for years to sell it to me. He finally GAVE it to me 2 years ago when he traded up to a 2001 MR Spyder.

I drove it from Austin, TX to Minneapolis, MN and was never uncomfortable (did I mention that I am 6'3"?) and the car returned a consistent 37mpg at 75-85mph.