How much is a MR2 Toyota worth?
The value of a Toyota MR2 varies widely by generation, trim, and condition. In broad terms, expect roughly $6,000–$15,000 for a solid first-generation AW11; $8,000–$25,000 for a non-turbo second-gen SW20; $25,000–$60,000+ for a well-kept SW20 MR2 Turbo; and $15,000–$30,000 for third-generation MR2s, including the Spyder convertibles. Exact figures depend on mileage, maintenance history, originality, and market demand.
Market context: why prices swing for a mid-engined Toyota sports car
The MR2 has a devoted following and a relatively limited production run for each generation, which helps keep values buoyant for well-preserved examples. Demand tends to favor stock, unmodified cars with verifiable service histories, while high-mile or heavily modified cars typically trade at lower end values. Regional differences, auction activity, and availability of parts also shape current pricing trends.
Current price ranges by generation
First generation AW11 (1984–1989)
These early cars have become increasingly collectible, with prices driven by originality and condition. The list below captures typical market ranges you’ll see in the current market.
- Typical price range for an average, driver-condition AW11: approximately $6,000–$15,000.
- Better-preserved or restored examples with low miles: roughly $15,000–$25,000; museum-grade condition may exceed $25,000.
- Key factors that influence value: engine condition (original 4A-GE preferred), rust presence, accident history, originality, and whether desirable factory features are retained.
The AW11 market is smaller today, but solid, well-documented cars can attract strong interest from collectors and enthusiasts.
Second generation SW20 (1990–1999)
The SW20 range includes both naturally aspirated and turbo variants, with the Turbo models typically commanding a higher premium.
- Non-turbo SW20 (NA 2.0L): roughly $8,000–$25,000, depending on mileage and condition.
- MR2 Turbo (2.0L turbo, 4th-gen styling): commonly seen in the $25,000–$60,000 range; exceptionally clean or low-mile examples can exceed $60,000.
- Market dynamics: unmodified, maintenance-documented cars with clean histories tend to fetch the best prices; heavily modified or poorly documented cars may sit at the lower end of the range.
Overall, Turbo SW20s remain the most sought-after MR2s in the older-generation market, with price appreciation tied to condition and provenance.
Third generation ZZW30 (2000–2007)
Third-generation MR2s are more readily available on the used market and typically offer a balance of performance and reliability.
- MR2 (non-turbo, 1.8L): typically $15,000–$30,000, depending on mileage and condition.
- MR2 Spyder (convertible, 2.0L): commonly $12,000–$25,000, with higher prices for low-mile or well-documented examples.
- Variation by trim and maintenance history: rare, well-documented, low-mile examples can push into the mid-$30,000s.
In this generation, price volatility tends to be lower than the SW20 market, but condition and maintenance history still drive significant swings.
Buying tips to maximize value
To lock in a fair deal and protect long-term value, follow these guidance points as you shop for an MR2.
- Obtain a thorough pre-purchase inspection (PPI) by a technician familiar with mid-engine Toyotas and MR2 specifics (including rear subframe and rust checks).
- Inspect for rust, especially around the rear fenders, battery tray, trunk, and underbody; rust can dramatically impact value and repair cost.
- Verify engine history and service records; for Turbo SW20s, confirm boost history and absence of expensive turbo leaks or head gasket concerns.
- Assess originality and documentation; stock, unmodified cars with complete records generally command higher prices.
With due diligence, buyers can avoid common pitfalls and find MR2s that deliver strong driving enjoyment without unexpected repair bills.
Summary
The Toyota MR2 remains a coveted, albeit niche, classic, with prices that reflect generation, condition, mileage, and originality. While the broad ranges cover everything from affordable drivers to high-end, low-mileage collectables, the strongest value often comes from well-documented, unmodified Turbo SW20s and clean third-generation cars. Prospective buyers should budget for maintenance, seek thorough records, and factor potential future repairs into their offers.
