I had a 1988 Mazda 626 Turbo for a number of years, and picked it up with about 85,000 miles on it. The car was traded in for something else when it had 185,000 miles on it. Manual trans, analog gauges, normal steering. Here's what went wrong; note that I loved the car. Let me repeat that I loved it.
Aluminum head and some ham-fisted action during previous ownership saw a spark plug exit the head after a long trip. Pulled the head in a driveway, had it machined with a new cam installed and three HLA's replaced at that time. Heli-coils in the plug hole and both bores for the thermostat inlet bolt holes. Never gave any problems after that but I was always wary of that happening again. Oddly enough, the NA cars and the turbo cars use the exact same camshaft part number.
Transmissions are weak. 5th gear syncro's are made of some kind of silly putty. The first died around 110,000 miles. A local shop rebuilt a core trans and swapped them; I didn't have time, I was in college, etc etc. The second time was something like 150,000 miles. At 180,000 it happened again. Knowing what I know now I would have gone to the first shop and flipped out, I guess. The second closed. This left a very bad taste in my mouth about these cars and it's why I won't own one again. This kind of thing is also not uncommon.
Smoked a little on startup at the end. I don't think new valve guides were installed when the head was off. they were all within tolerance at the time. I didn't do the machine work myself, had a shop in town do it, I believe they were right at the time. I never replaced the turbo, it's a water cooled IHI unit and seemed pretty stout.
If it's got the electronic suspension, the shocks are KYB units that cost $150 each from the Mazda parts counter. Doing it over again today, I would get some AGX's or some other units in there and ditch the electronics. The thing also wasn't sitting very level, the rear had sagged a bit, so springs would have been smart.
The sunroof was kind of sticking a bit in all directions of movement but it still worked. The seats were amazing, I loved trips in the thing. The car would pull 35 mpg easily on the highway with a personal best of 40 mpg. The air-con compressor relay failed and locked into an always on condition, I simply pulled the wire and never really missed it. The front speakers are small and in stupid locations. The car could suck up a ton of luggage, especially with the back seat folded down.
They're great cars in search of a good transmission. The engine doesn't love revs but it makes awesome torque so it's not such a big deal. Clutches and brakes seem to last, it's a non-interference motor, it's a great car but I'm scared out of them.