Hi, Doug -
Rust, and then some. Check the strut towers closely, as well as the area directly under the brake and clutch master cylinders. Lift up the carpet behind the seats and check the corners there; if there's rust, there are problems, as that's the area the rear links are attached. Get underneath and check floor pans, etc. Also, check on top where the rear fenders meet the area just ahead of the trunk lid; there's a seam there that can be a problem.
Electrical issues are common, but usually a matter of poor connections and grounds.
Power steering: leaks, noises, etc.?
Also, make sure it's a true 8; the fifth character in the VIN should be a "V". If it's a "J" it was a 7.
Good luck, and let us know what you find!
Mickey