I LOVED my S12, I had a black SE V6 5MT. Sold it a while ago and bought my RX8. Engines in these things are fucking tanks, as long as it's taken care of and power is decent.
There really isn't much to worry about in this chassis, so I'd just do a comp test to make sure everythings alright. Timing belt should be done along with a good tune up like any other car.
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