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Traded this (http://imgur.com/a/WRfvz) White NA with 155k for this (http://imgur.com/a/zu4X0) Lexus with 145k. The Miata was a 1.6L and I put quite a bit of work into it. I did the brakes, SS hoses, aftermarket cheap coils, radiator, roll bar, hids, sway bars, new clutch and flywheel, low mileage trans, exhaust and manifold, general up keep, and a few other odds and ends.
The Lexus, is leaking oil and Trans fluid. It needed rear pads and rotors (Possibly calipers) The front and rear bumpers are shot and the rear passenger quarter had been hit at some point, there are new control arms and such on that side, there is also 1/4in bondo with some decent paint over the top. The car is stock aside form some intake and "chip" for the intake. Also, it has eibach lowering springs. I really loved my old IS300, but I'm wondering if I ripped myself off. The underside has some surface rust, but nothing major and the pinch welds and frame look straight. The only real rust issues I could see it the bottom corners of the rockers below the rear doors. Whatcha all thing. I know this page is a bit bias, but still, thoughts are appreciated.
If you can eliminate the cost of labor by doing all the work yourself, I think you came out slightly ahead. But, I'm biased because I'm not a fan of miatas.
Work, I can do, though I've found a bit more "Issues" with the Lexus. Under the poor excuse for a rear bumper cover, is the driver side rear corner that's been pushed in. Looks to be minor and easily covered by the bumper cover. I did a compression test while doing plugs and wires.
Cylinder 1: 180
Cylinder 2: 180
Cylinder 3: 183
Cylinder 4: 175
Cylinder 5: 160
Cylinder 6: 180
Seems to be pretty healthy, though It has a long crank after sitting for a while, even an hour or so. I'm wondering if I have a leaking injector or something. Maybe it's washing out a cylinder and causing my line to fill with air as it sits. The check engine light is on due to bank 1 sensor 2 heater being bad. no big deal but I'll end up replacing it sooner than later to get rid of that light. Also threw a P0300 random missfire. I'm hoping the plugs took care of that, but I'll have to take it in and get it read again since my OBD2 reader died. Car can use some TLC but the wife is enjoying it so far.