Faults:

The drivers side light sensor stopped working, so when you open the door, the dome light dosen't turn on.

Muffler had to be replaced at 103k.

I have also heard a rumor about 1998 tacoma frames rusting out quickly. I haven't had this problem.

Other than that, the usual Toyota quality.

General Comments:

The rear "seats" are tiny. But the front seats are comfortable.

The 2.7L four is pretty quick to accelerate, but merging with highway traffic requires your foot to the floor.

The interior materials aren't up to Toyota quality. Hard shiny plastic is everywhere. But it is well assembled with no squeaks or rattles. I also have a Mazda Tribute with 37k miles and it has more rattles than my Tacoma.

It handles very well in the snow, and returns 24 average mpg. I think in 1998 anti-lock brakes should be standard on all models.

Tacomas hold their value a lot better than say, a S-10 or a Ranger.

Faults:

Replaced the water pump.

General Comments:

This truck is great! I have over 217,000 miles and have owned it since new. Only major repair is a new water pump.

It does not burn any oil and drives like new! This truck is testament to the quality of Toyota engineering. I also like the fact that they assemble them in the USA.

I couldn't imagine buying any other truck!

Faults:

Random rattles.

Transmission needed work around 100,000.

Fuel pressure regulator needed replaced around 120,000.

Check engine light on.

Lots of rust on under body parts, no rust on exterior though.

General Comments:

Reliable, basic transportation; not really meant for towing/heavy hauling or off road use.

Parts are very expensive, as with any import.

Engine is underpowered for a 2.4L with double overhead cams, it always feels like something is holding it back.

One will need snow tires on the back wheels with 2wd if in a snowy climate, doesn't handle snow well at all without mud grips with studs.

Great A/C and heater.

Faults:

Replaced both O2 sensors at 90000 miles.

Replaced Air Conditioning condenser at 90,000 miles. It seems that road salt ate thru it... common problem in the North East.

General Comments:

I LOVE IT. Much like my wife's Camry, it's very dependable. It's a regular cab, short box and it's as much fun to drive as my MGB (only the top doesn't go down). No matter how I drive it, I average between 25 and 28 mpg. In the winter I put studded snows on all four corners and drive through everything with no need for any weight in the back.