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Toyota MR2 Roadster (2000 – 2006)

Toyota MR2 Roadster

Toyota MR2 Roadster (2000 – 2006)

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Back to basics for Toyotas roadster

Toyota started from scratch with the third generation MR2 which had many changes to the format. Firstly it was now a roadster, secondly it was a transversely mounted mid engine car and thirdly it had lost weight and sat much lower so stability and handling were second to non in its budget roadster category.

The all new MR2 roadster had a smaller engine than its predecessor but weighed in over 300 kg lighter and with nearly 30 bhp less still performed equally. This Japanese roadster handles better than a MX5 and a BMW Z3 with its power from behind which is where any true roadster should have it. The only down fall is its lack of practicality but this is a real drivers car so I suppose we can forgive that. The third generation Toyota MR2 is finally what it was always meant to be and that has never changed with exhilaration and fun at the top of the list.

Specification – Toyota MR2 Roadster

Years Produced2000 - 2006
Performance0 - 60 mph 7.7 sec / Top Speed - 131 mph
Power & Torque 138bhp / 125lb ft
Engine1794cc four cylinder / 16 valves
Drive-train Mid Engine RWD
TransmissionFive speed manual
Weight996 kg

Valuations since launch for the Toyota MR2 Roadster

 Launch201220132014201520162017
Concourse£17,500.00£5,000.00£6,000.00£7,000.00£8,000£8,500.00£9,000.00
Excellent£4,500.00£4,500.00£5,000.00£6,000.00£7,000.00£7,500.00
Good£2,500.00£2,500.00£3,000.00£3,500.00£4,000.00£5,000.00
Fair£1,250.00£1,250.00£1,500.00£1,500.00£2,000.00£2,500.00

A Buyers Guide

With plenty of these roadsters on the market you should be spoilt for choice if you’re looking for a Toyota MR2. Let’s take a look at what to look out for.

The third generation roadster shouldn’t have any issues with rust unless shoddy repair work has been done as a result of an accident so check the car thoroughly for any overspray or poorly aligned panels. Engines run well as long as they are serviced at regular intervals every 10,000 miles should be fine. Regular oil changes is a must these roadsters like good clean oil. Check out the hood for signs of wear and tear and open and close it looking for any signs of malfunction.

Make sure you bring a friend with you to help with checking for a backfire, blip the throttle while your friend puts his hand near the tail pipe. Wheels have a tendency to wear badly so make sure you check them thoroughly. The early Mk 3 roadsters have a problem with the pre cat shaking itself to bits due to oil getting through so post facelift models are a safer bet as this problem was rectified.

Insuring a Toyota MR2 Roadster

Modern classic cars are all the rage right now and prices still remain reasonable. Heritage Classic Car Insurance will insurer your modern classic with agreed value included as well as a limited mileage and club member discounts. As the value of your car increases we can update your agreed value on request. Take out insurance on your modern classic and get the same benefits as a classic car policy. Take a look at some example quotes for an Mr2 roadster.

  • This quotation has been based on fully comprehensive cover, insured only to drive age 60.

Annual premium – £190.00 with a £100 accidental damage excess.

  • This quotation has been based on fully comprehensive cover, insured only to drive age 45.

Annual premium – £200.13 with a £100 accidental damage excess.

  • This quotation has been based on fully comprehensive cover, insured only to drive age 30.

Annual premium – £242.80 with a £100 accidental damage excess.

All quotations are based on an Agreed Value of £6,000. Prices may alter depending on individual criteria. Quotes carried out May 2017

*NB: All insurance quotes are based on the same criteria: The vehicle being garaged overnight. Accident, claim and conviction free and a limited mileage of 3000 per annum with full use of a main car daily.

Interesting fact

The founder of Toyota Motor Corporation actually spells his name T-O-Y-O-D-A. Kiichiro Toyoda, to be exact. The spelling of the company name was changed to Toyota because when it is written in Katakana (a Japanese script) it only takes 8 strokes to write, and 8 is a lucky number in East Asian culture.

Mark Wilkinson (Managing Director of Heritage Classic Car Insurance)

“With the 2nd generation MR2 looking more like a Grand Tourer the Mk 3 Roadster reignited the Toyota flame, cutting back the weight to a spritely 996 Kg and starting from scratch with a brand new design. Compare it with the Mazda MX5 and there is little to choose between them if you’re looking for summer fun.”

 

insuring a Toyota MR2 Roadster (2000 – 2006)