I'm keen as to get my bum into an L series, and to that end am looking at buying one from a guy.
Went to get an RACV pre-purchase inspection (at the recommendation of my folks) and it came back recommending I don't buy it.
I'd like the opinion of the peoples of this forum, as I think the report doesn't look too bad!
So, here's the report, and if there's anything that jumps out at you guys as being a real deal-breaker, please let me know, or if there's anything that looks excellent, same deal!

The way they do it is to give it a rating out of immediate (attention is required), early (attention is required), and observation (keep an eye on it)
1991 Subaru GL wagon, Manual, with 245,000 on the clock. Power steering, and A/C functional.
Engine
Immediate: Oil leaks: general engine area, various. comment: clean to locate source/s, drips various engine areas, oil wetness.
Immediate: coolant leaks: at rear area of engine. comment: coolant weepage evident, around lower head gasket, requires further checking to locate.
Obs: exhaust system: various places. comment: surface rust evident.
Early: exhaust system, Muffler/s, Rear. comment: internal rattles evident.
Immediate: Engine Mounts. Both mounts. comment: separating
Immediate: coolant. coolant level. comment: topped up for test purposes, requires further checking.
Obs: Radiator and heater hoses: various hoses, various places. comment: generally aged/ perished.
Immediate: oil. oil level/condition. comment: overfull.
obs: oil. service history log book. comments: service history incomplete.
Immediate: noises. harshness. comments: vibration evident, loud engine various noises from engine area, requires further checking to locate
Immediate: performance, on accelleration. comments: hesitation evident.
Transmission/drive
Obs: Noises. Gearbox noise. comments: noise audible, whine noise audible from around gearboxdriveline area on road test.
obs: shift operation, up shift. comments: slight, knochy. (arc413: what the hell does that even mean!? didn't notice any problems when i test drove it!)
early: fluid / leaks. transmission fluid leak. comments: fluid damplness evident, around front engine area.
early: other items: mount, both. comments: separating, sugging. (arc413: sugging?)
obs: drive shaft/CV joints. cv joint boots, various. comments: ageing/perishing.
early: other items: mount, rear. comments: separating.
Steer/susp
Immediate: power steering: power steering assembly, various. comments: dripping, requires wash to locate power steering leaks.
Obs: front suspension: radius/caster rod/s: bush/es slightly worn.
obs: other items: suspension/bushes, various. comments: minor distortion evident.
obs: other items: suspension/bushes, various. comments: generally aged/perished
obs: other items: suspension/bushes, various. comments: some wear evident.
obs: road test, noises. comments: rattle, /knocks from around steering/suspension/underbody area when driving on rough surfaced roads.
early: road test, steering wheel. comments: off center
obs: shock absorber/s, various. comments: soft in operation.
Body
Early: paintwork/panels: bumper bar, front. comm: damage evident.
obs: underbody: floor pan, various. comm: mud/dirt evident to various areas (arc413: no shit.)
obs: underbody: general underbody. comm: minor damage evident
obs: windscrreen.glass: tint film, various. comm: damage evident.
obs: windscreen/glass: windscreen, front. comm: chipped and sandblasted.
early: windscreen/glass: mouldings, various. comms: poorly fitted
early: paintwork/panles: various panels. comm: gaps uneven, dents evident, marks evident, scrape marks evident, chips evident, repairs evident, imperfections evident, damage evident. (arc413: kid likes to say evident!)
Tyres
obs: tyres: front tyres. comm: worn on inner edge
obs: tyres: tyre wear. comm: wheel alignment recommended, tyres wearing slightly unevenly.
immediate: tyres: spare tyre. comm: not fitted.
brakes
all good! yay!
wheels
obs: wheel bearings: hub seal/ comm: leaking, grease (minor) around right front inner wheel bearing area.
obs: wheel rims: rims, various. comm: scrape marks evident.
electrical
immediate: head lights: lens, various. comm: damaged
imm: wipers and washers: wiper blades. comm: streaking, not cleaning properly.
MISC (almost done!)
early: upholstry and trim: general condition... ****ed, but ok.
immediate: mirrors: operation, driver side. comm: inoperative/drivers side.
immediate: mirrors: mirror body shell, driv/side. comm: vibrates (arc413: it's meant to have power mirrors.)
end of report.
For those of you who've read this far, thank you so much!
any feedback?
the things that are bugging me are
1.coolant leaks, because apparently they filled the coolant like 2 weeks ago... and the RACV had to top it up for testing!
2.the big ones. the mounts (engine, transmission, and drivetrain). separating? that's not good, right? is that too expensive or difficult to fix? please keep in mind that whilst i am keen as hell to learn, i know nothing about fixing cars haha!
3. power steering leaks and steering wheel off center. difficult/$$ to fix? or nothing to worry about?
and finally, the performance. sure, it's a 1.8l dragging a ton and a half of steel, but it really didn't have any power. dad thinks it might be the carby, as it also idles rough (shakes the car kinda rough) and has metal-concert loud tappits (no shit, i expected loud tappits, but this is just ridiculous!)
That's about it! if there's anythiing i missed, which i should be stressing about, please comment!
and thanks for whatever help is offered!
cheers,
Bish