How much is a 1987 Toyota MR2 worth?
A quick sense of value is: non-turbo AW11 MR2s from 1987 typically fall in the roughly $6,000 to $15,000 range, while the turbocharged MR2s from the same era commonly run about $15,000 to $30,000, with exceptional, low-mileage or meticulously maintained cars sometimes exceeding that range.
In this article, we outline current market ranges, explain what drives those prices, and offer guidance for buyers and sellers navigating the 1987 MR2 landscape.
Value by variant and condition
Rough price bands based on current listings and auction results provide a starting point for buyers and sellers.
Before listing the ranges, note that actual prices depend on factors such as mileage, rust, paint condition, maintenance history, and originality.
- Non-turbo AW11 MR2 (1987): Roughly $6,000–$15,000 depending on mileage, rust, paint condition, and mechanical health.
- MR2 Turbo (turbocharged AW11, 1987 and nearby years): Roughly $15,000–$30,000 for well-maintained or low-mile examples; higher for exceptionally clean, documented cars.
Prices can escalate for pristine, low-mile or concours-ready cars, and regional demand can push values higher in certain markets.
Turbo vs NA differences
Turbo cars generally command a premium over non-turbo models, reflecting higher performance, desirability among enthusiasts, and relative rarity in good condition. Maintenance costs can be higher due to aging turbo systems and parts availability.
Other factors that influence price
The value of a 1987 MR2 is not determined by variant alone; several other factors can add or subtract from a price estimate.
Before the list, consider how these elements can shift the final price in either direction.
- Mileage and overall condition: lower mileage and pristine mechanicals push value higher.
- Maintenance history and documentation: complete service records, receipts, and originality increase confidence for buyers.
- Originality vs. modifications: stock cars fetch higher values for many collectors; tasteful, documented upgrades can help or hurt depending on buyer preference.
- Rust, paint, and body condition: rust-free shells with solid paint are worth more; bodywork can affect value.
- Market timing and location: availability of MR2s in a region and local demand influence prices.
Keeping these factors in mind will help you set a realistic price or budget for purchase.
How to check current market values
To get a precise sense of current pricing for a specific car, consult multiple sources that track classic-car values and live listings.
Before you consult sources, note that actual sale prices may differ from asking prices and auction estimates.
- Hagerty Price Guide for MR2 AW11 (base) and MR2 Turbo
- Bring a Trailer auction results for AW11 MR2 and related models
- NADA / KBB classic car valuations
- Current local listings on sites like eBay Motors, Craigslist, Cars & Bids
Always cross-check several sources and consider a professional appraisal if you are selling a car with unusual provenance or potential issues.
Summary
The 1987 Toyota MR2 carries value based on variant, condition, and provenance. Non-turbo versions usually attract lower price bands than the Turbo, with typical ranges here as rough guides: non-turbo around $6,000–$15,000; Turbo around $15,000–$30,000, with exceptional examples higher. For the most accurate pricing, review current listings and valuation guides, and account for mileage, originality, service history, and local demand. By checking multiple sources, buyers and sellers can arrive at a fair market price.
