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Toyota

Toyota - MR2 (1998)

Discover the true value of the legendary Toyota MR2—from its iconic 1998 model to today’s used market—while unlocking expert insights on depreciation and market positioning.

Whether you’re a seasoned enthusiast or a curious buyer, knowing the Toyota MR2 price involves more than a quick glance at a dealership listing. This sports coupe has carved a niche for its lightweight handling and mid‑engine layout, and its 1998 Toyota MR2 price holds a special place in the hearts of collectors. Understanding the used Toyota MR2 price and the car’s depreciation curve will help you make an informed, confident purchase—or investment decision. But first, let’s dive into the specs that define this iconic model.

  • Engine: 1.8L 4‑cyl, 4‑barrel, 160‑hp, 160‑lb·ft torque (depending on trim)
  • Transmission: 6‑speed manual (standard) or 4‑speed automatic (optional on some trims)
  • Drive: Mid‑engine, rear‑wheel drive layout
  • Fuel Type: Regular gasoline
  • Dimensions: Length 167.3 in × Width 65.6 in × Height 52.0 in; Wheelbase 94.1 in
  • Weight: Starting at 2,445 lbs (modal) / 2,520 lbs (full‑trim)
  • Performance: 0‑60 mph in 5.9‑6.3 seconds; Top speed ~120‑124 mph
  • Brakes: Drum brakes front and rear (excluding optional upgraded sets)
  • Interior: Cloth or leather upholstery; manual climate controls; AM/FM stereo
  • Safety: Antilock brakes; front airbags; padded seat belts
  • Emissions: Meets Euro II / Euro III standards, depending on market

These specifications illustrate why the Toyota MR2 1998 price sits in a sweet spot for thrill‑seekers—light, agile, and cost‑effective to run. But every car’s value evolves over time, and the Toyota MR2 depreciation curve is a topic of keen interest, especially when you’re considering a used model.

Depreciation Insight

Depreciation is inevitable, yet the Toyota MR2 price trajectory offers a nuanced view. On average, a new Toyota MR2 loses roughly 15‑20% of its value during the first year. After that, the depreciation rate tends to soften, averaging around 8‑10% annually over the next five to seven years, depending on mileage, condition, and maintenance history.

For the 1998 cohort, the impact of ageing ranges from 25‑35% after five years to almost 50‑55% after ten years. However, collector interest—coupled with Toyota’s respected reliability—often stabilizes the market for late‑90s models, making the used Toyota MR2 price more resilient than many contemporaries.

Years Since PurchaseEstimated Depreciation %
1 15‑20%
3 30‑35%
5 45‑50%
7 55‑60%

These estimates are rounded and general. Factors such as cosmetic condition, service records, and any aftermarket modifications will influence a vehicle’s depreciation trajectory. If you’re researching “what is a 1998 Toyota MR2 worth,” you’ll find that a historically flawless build in excellent condition might command a premium compared to an average entry on the used car market.

Comparison Context

When you compare the 1998 Toyota MR2 price to its contemporary peers, you’ll see that the MR2 falls into a niche market segment that blends mid‑size sports cars with everyday usability.

Here’s a quick comparison: