Not all Capris are junk, but be careful. If this car were as mechanically reliable as it was good- looking, I'd probably still have it. My Capri burned out every exterior light bulb except one fog light. Both CV Boots failed within 4 months of each other. Nobody could figure out why the engine pinged under load, and I always used premium.
I bought the 92 base model in may of 2010 for $800 with only 78k miles. good shape inside and out and the engine clean as a engine can be. the top was bad but found one on ebay really cheap so it looks good. I've put over 23k miles on the car in less then a year and only thing I had to do was replace the fuel pump but it was my fault it went out. and a wheel bearing. for only 100hp the tranny is geared out to have decent pick up for it. really smooth running 70mph on I95 with the top down you can bearly tell your in a convertible.
I bought my capri in Feb. of 99, this car was in such poor shape though it had only 64,000mi I took that car and fixed it up nice. The main complaint that I have for these cars is that the parts are hard to find and are expensive. Though in the four years that I have owned this vihicle it has open many doors into the auto tech industry, I use the car as a example of the work that I do and now the car has 115,500 miles on it and runs like new, but still needs some repairs such as tie rod ends and lower control arm bushings.
My wife and I purchased the vehicle new in 1992. She often drove it to work and once we drove the vehicle as far as N. Carolina for a brief vacation. We never had a major problem with the vehicle. We had minor problem with the convertible top which in the down position, caused a small tear on each side of the top where the metal rubbed against the convertible top. Still runs and looks great.
3 years ago I bought a blue 1992 XR2, just like the picture. It was really about the mileage since our other cars were 2 Ford Expeditions which only got 9 mpg on a good day. Well what a surprise that little car turned out to be. Although it had 78,000 miles on the odometer, it still started and ran like a top. The 5 speed tranny is still tight and the acceleration after driving that land barge was nothing short of breathtaking. I swapped out the old 15" wheels for some new "A.R" 16" wheels and put on some 225X 60 series tires and what a difference. The thing just hugs the road in a bear grip and will not let go even though I really push it.I found a hard top and its all set.