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Toyota

Toyota - MR2 (2004)

Discover the Toyota MR2, a spirited pocket‑sized sports coupe that captured the hearts of car enthusiasts in the early 2000s. Even though the price of this iconic model varies by market, condition, and mileage, you’ll find that the Toyota MR2 price range typically centers around a mid‑tier compact sports car, offering an exciting blend of performance and affordability.

Whether you’re curious about the launch year’s value, wondering, “What is a 2004 Toyota MR2 worth?” or simply looking for the most up‑to‑date used Toyota MR2 price guide, this overview covers the key data you need to make an informed decision.

Key Specifications – 2004 Toyota MR2

  • Engine: 1.8‑liter DOHC inline‑4 (Lyshion) – 150 hp @ 6,700 rpm, 134 lb‑ft torque @ 5,200 rpm
  • Transmission: 6‑speed manual (standard), optional 5‑speed automatic available in select markets
  • Drivetrain: Mid‑engine, rear‑wheel drive (RR) layout – spirited handling and balanced weight distribution
  • Fuel: Premium gasoline, 87 mpg city / 91 mpg highway
  • Dimensions:
    • Length: 4,171 mm (164.2 in)
    • Width: 1,735 mm (68.3 in)
    • Height: 1,335 mm (52.6 in)
    • Wheelbase: 2,488 mm (98.0 in)
  • Weight: 1,111 kg (2,447 lb)
  • Suspension: Double wishbone front, multi‑link rear – tuned for sporty agility
  • Brakes: Front disc, rear drum; optional performance brakes on higher trims
  • Exterior: Small, lightweight coupe body, chrome trim accents, visible rear‑wheel hubcaps
  • Interior: Two‑seat cockpit, supportive seats, manual air conditioning, aluminum‑trimmed steering wheel
  • Safety: Driver and passenger airbags, ABS, electronic brake distribution

Depreciation Insight

Like most performance vehicles, the Toyota MR2 depreciation curve is steeper in the first few years, especially when a car enters the used market. Here’s an approximate breakdown:

  • First year: typically loses 15‑20% of its original value
  • Year 2–3: 10‑12% depreciation each year, reflecting a drop in novelty but a steady demand in niche sports‑car circles
  • Year 4–8: 6‑8% per year, as restoring and maintaining a retro sports coupe can become a hobby, thereby reducing the typical depreciation pace
  • Beyond 8 years: a slower 3‑5% decline, largely driven by rarity and the model's cult following

Because the 2004 model entered the market during the peak of the MR2’s renaissance, the “Toyota MR2 2004 price” experience reflects an initial sharp fall followed by steady market stabilization. As you consider purchasing or evaluating a used specimen, factoring this depreciation curve can help you gauge if a listed price is reasonable.

Comparative Context

When paired against similar performance-oriented convertibles and coupes, the Toyota MR2 stands out in several ways: