The front under body braces broke at about 150,000kms, causing chassis cracks near the base of the engine firewall. Easily fixed with some lengths of steel and a MIG welder.
The shock absorbers have failed repeatedly, probably due to the car being raced in club level rallies. The front struts are unusually short which means custom made inserts are the best replacement option.
Low quality o-rings are used on the distributor drive shaft and water pump bypass - these needed to be replaced at 100,000kms.
Other parts - steering rack, alternator bushes, 1 set of constant velocity joints.
Fantastic machine. Has never broken down. Capable of extreme 4wd feats. Raced in 2 club level rallies, finishing =4th/25 and =4th/44. Can carry amazing loads. Economical to run, 7lt/100km. All up running costs per kilometer are less than my mountain bike (it breaks often), and about a quarter that of my GSXR600.
Excellent condensed verdict! This is all I needed to know in a nutshell. I am looking at a well kept example with 110k on the clock, my budget can't afford a Landie or a Cruiser since most of it was spent on acquiring a mini plantation (tea - Sri Lanka). They say the slopes get quite slippery during the monsoons, hope the Tercel will manage it.
Anyway, thanks a millions, good job!