like any car, you get what ya pay for, you pay peanuts your get a shitter.

every car suffers with rust in common places and the filler cap is one on the mk3's but easy fixed.
some people dont like the T2 turbo, and its far from shitty, but it depends on what you want from the car, if you want a nippy car with some good low down get up and go stick with a T2 if you want balls out top end then a T3 is the only way but i still run a T2 on my FRST and its does what i want it too, and ive owned my FRST since 98 and she didnt even have 30k on the clock when i got it, and i love and would not part with it.

as for problems listed in some replyes, i disagree, the rack is fine, but its the only fiesta that uses that rack, its a quick rack, also the ball joints are different on the FRST, and shocks, in std form are fine, there 25mm lower than the 2i (from std this is) and most people put a 30mm lowering kit on and then complain that its bumpy and crap, and i lowered mine on std shocks when i first got it so im talking from first hand as it was bumpey and crap , but the coil overs are far better now

oh, and that ABS on your fez, it will be pants, the ABS system on fiestas is a bit crap to say the least, removing it would be a good idea