All Gen3 gremlins...
The 6G72 and 6G75s in the Gen3s leak oil from everywhere by the time/mileage you'll be buying them used...unless the previous owner was an incarnate angel and replaced all the seals before selling.
The transfer case solenoids and switches like to go bad and blink all over your dashboard.
The by now old, used, and abused rear suspension likes to sag whenever you put groceries in the back, giving its camber that "stance, bro!" look.
Hmmm....the instrument cluster, well, let's see: gas gauge works when it feels like it; half the green indicator lights are on the verge of blowing out if not already; no volt meter, oil pressure meter, or transmission temp gauge (but it does have a handy "this door is open" display).
Passenger door mirror likes to do the twerk thing on the highway.
Rear departure angle is almost obtuse (is that even possible...it probably is with a trailer hitch fitted).
Gas mileage is incredible..............................................no, it sucks.
Engine bay plastics are likely brittle and breaky at this point....my air filter box, battery tray, and fuse box covers are all broken.
Did I mention it leaks oil, like a lot of oil?
Mitsubishi loves America, and is dedicated to providing an extensive network of dealership support and parts to keep you Montero running strong for years to come........yeah, just kidding again.
It looks like an ogre (if it's green and you're looking at it just right from the front).
It has strange electric gremlins...well, at least mine does:
http://www.expeditionportal.com/for...cal-gremlins?highlight=story+slaying+gremlins
But despite all that, and more I love the thing (2003 Limited). My kids love the thing. Everything is fixable, and an opportunity to learn. All said it has ushered my family to lots of fun adventures, never leaving us stranded or stuck. And as you already have found in your research, the pros are way ahead of any annoying cons. But there are a few cons...as there are with everything.