The SW20 Toyota MR2, particularly the Turbo model, is steadily climbing in value. A recent sale of a stock, low-mileage MR2 set a record on Bring a Trailer, fetching an impressive sum.
But rising value is just one of many reasons why you should consider adding an MR2 to your garage. Let’s delve into why this car is a must-buy for Japanese car enthusiasts.
1. Timeless Styling
The MR2’s design, especially with some tasteful modifications, can rival even modern exotics. While the stock version embodies the classic ’90s rounded wedge shape, subtle enhancements can transform it into a head-turner.
The car’s aesthetic appeal, combining classic lines with potential modern tweaks, makes it a unique and visually striking choice.

2. Performance and Modifications
Despite what you might hear from fans of V6 engines or Honda K-swaps, the 3S-GTE engine in the MR2 is a powerhouse. Even in its stock form, the MR2’s performance is respectable, with around 200 horsepower and a lightweight frame of about 2800 lbs.
However, with the right modifications, this engine can deliver significantly more power, making the MR2 an incredibly fun and versatile car to drive. My personal MR2 makes roughly 400 horsepower to the wheels and is a riot to drive.
Whether you’re into circuit racing, autocross, drag racing, or even just showing off at a car show, the MR2 can be adapted to fit your needs.
3. Driving Experience
The MR2 offers a pure driving experience reminiscent of the simpler times of the ’90s. It comes with minimal electronic aids—no traction control, stability control, or power steering (except ABS).
This raw driving feel is a big draw for many enthusiasts who appreciate the direct connection between the car and the road.
It’s a car that demands skill and rewards good driving, making every journey an engaging experience.

4. Space and Comfort
Despite its small exterior, the MR2 is surprisingly spacious inside. It comfortably accommodates larger drivers, debunking the myth that small sports cars must be cramped.
I’m 6’3″ and can comfortably drive my MR2 for hours.
The cabin is designed with the driver in mind, featuring a layout that’s both functional and aesthetically pleasing.
5. Reliability and Maintenance
Toyota’s reputation for reliability extends to the MR2. These cars are built to last, meaning you’ll spend more time enjoying the drive and less time in the shop.
With proper care and maintenance, an MR2 can remain a dependable companion for years. My highly-modified example has been rock solid with no problems for at least the last decade!
6. Availability of Aftermarket Parts
One of the perks of owning an MR2 is the abundance of aftermarket parts available.
From period-correct Japanese tuning parts by companies like GReddy and HKS to modern North American replicas and innovations, you have endless options for customization and improvement.
7. Increasing Rarity
As time passes, well-maintained MR2s are becoming increasingly rare. Many have been neglected, left to rust, or unfortunately crashed.
The scarcity is driving up their value and making them harder to find in good condition. Now is the time to buy one before they become even more elusive.

8. Unique Features
The MR2 boasts several unique features that set it apart. Its mid-engine layout is rare in this price range, giving it a balanced handling characteristic.
Functional vents and a driver-focused interior design further enhance its appeal. The MR2 also came with various roof options, including a hardtop, sunroof, and T-tops, catering to different preferences.
Final word
In the realm of Japanese collector cars, the MR2 stands out as an accessible yet highly desirable option. While cars like the Toyota Supra, Nissan NSX, and GT-R have soared in price, the MR2 offers a more affordable entry into the world of classic Japanese sports cars.
Its combination of styling, performance, driving experience, reliability, and rarity makes it an excellent choice for any car enthusiast. So, if you’re considering adding a Japanese classic to your collection, the Toyota MR2 should be at the top of your list.

Tim is the creator of Canadian Gearhead. His experience with auto detailing and working for Toyota shows through all of the articles posted here. He runs the Canadian Gearhead site and YouTube channel full-time now and currently owns a 2007 4runner, 2006 Tacoma, and 1991 MR2. Read more about Tim:






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