Faults:

First of all: I drive the car like it is supposed to be driven: Fast and on high revs. The previous owners probably haven't done that. That means I got the bill!

Leak in the T-joint in the cooling system. Weird plastic-tube replaced by a copper tube.

Blown head gasket (water to exhaust) and O-rings (oil to water) in the bottom. This was costly to fix, but the car was a completely different animal afterwards! They also fixed the alternator while they were at it. When I sold it a short while afterwards, I just added the cost of the job and got the whole sum back!

Also fixed a tube in the brake system.

General Comments:

Great car! WOW! Despite all the large and little problems, I have never loved a car this much before. This was a classic Alfa. Rear wheel drive, leather interior, double DelOrto's, 15' wheels. The 136hp doesn't seem much, but in this car it was magic!

The down side of it is that you might be buying yourself a hobby as much as a car... most pre-156 Alfa-owners don't mind this.