I have a 1995 Montero LS with 200,000 and still going strong. Oil leak and timing belt fixed, purrrsss like a kitten. Awesome rig in the winter! Also pulls jet ski's in the summer! I NEVER want to get rid of it...EVER!!
I've only owned my 95 Montero for a year and have been quite satisfied. I really appreciated the roomy interior, the fold up rear seats, and the low-end torque. It climbed steep muddy hills like crazy. It was bit top heavy so you didn't want to get too sideways with it but it definitely earned its keep off-road. I put on a new timing belt, new alternator (fouled from leaking oil, I think), fixed the oil leaks at the cam seal and put on some beautiful 31x10.5 Bighorns. Very nice, looked sharp, and did what I asked it to do. Just sold it this last week because of fuel prices. Sorry to see the 14-15 mpg in town. 18-19 on the highway was okay. At $4/gal. it was tough to justify.
Purchased my Montero new 13 years ago - have 210,000 miles on it now and have driven it all over the western states from New Mexico and Colorado to Canada and Alaska and I love this SUV. There is not another vehicle that can get to all the rivers that I like to fish. And I know, I own an auto repair business and have looked for a vehicle to replace this one and can't find it. My wife drives a '99 Land Cruiser that we like, but it isn't as good at getting into the remote country. Have had normal problems with parts (antenna, timing belt, etc.) but the entire drive train is original and still working great. LS model with 3.0 is underpowered but SR with 3.5 DOHC provides decent power.
It was a fun vehicle to drive. 1 month after I took ownership, in the garage for fuel regulator $550.00. I haven't even owned the veh a year and it is back in the garage for: crankshaft pulley. Garage attempted to take bolt of and it snapped at the head. Mitsubishi is quoting me $4000.00 for a new Crankshaft because they won't just replace the crankshaft. they have to replace everything they touch why removing the crankshaft. Good-bye Mitsubishi for good.