2004 Toyota MR2

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starting MSRP

Key specs

Base trim shown


Body style


Seating capacity

153.0” x 48.8”


Rear-wheel drive



The good:

  • Fun to drive
  • Maneuverability
  • Stability
  • Ride comfort on smooth surfaces
  • Resale value

The bad:

  • Cargo space
  • Snug cockpit
  • Difficult entry and exit
  • Lack of true automatic transmission

1 trim

Starting msrp listed lowest to highest price

Wondering which trim is right for you?

Our 2004 Toyota MR2 trim comparison will help you decide.

See also: Find the best Convertibles for 2024

Notable features

  • Midmounted four-cylinder
  • Standard five-speed manual
  • Available sequential gearbox
  • RWD layout
  • Soft-top with glass rear window

2004 Toyota MR2 review: Our expert's take

Vehicle Overview
Toyota launched its two-passenger rear-wheel-drive sport convertible as a late 2000 model and revived a name used in the 1990s for a similar mid-engine coupe. In 2002, a new variant of the MR2 Spyder with a five-speed sequential manual transmission (SMT) became available.

Last year, the sequential manual gearbox added a sixth ratio, fog lamps became standard, and cruise control was newly available. A limited-slip differential is newly optional on 2004 models. Tan leather is now available with the Absolutely Red exterior.

Comparable in size and price with the Mazda Miata, which uses a front-mounted engine, the MR2 Spyder has a soft-top that folds manually and includes a glass rear window. The clutch and gear operations in the SMT model are computer operated, and electronic throttle control permits the system to reduce torque during shifts. Upshifts and downshifts are achieved by moving the selector to plus or minus positions or by using steering-wheel buttons.

Substantial air scoops run along the MR2 Spyder’s bodysides and ahead of the rear wheels. A wide, gaping grille opening dominates the low-slung front end. Large, round headlights are encased in elongated, clear-plastic housings. Front and rear overhangs are minimal, and the MR2’s 96.5-inch wheelbase is 7 inches longer than the Miata’s.

Side air intakes are color-keyed. The fabric top folds flat into a well, and a wind deflector mounts behind the seats. Alloy wheels hold 15-inch tires in front, and 16-inch tires are used at the rear.

The MR2’s bucket seats are cozy for two occupants. Standard features include drilled aluminum pedals, a leather-wrapped tilt steering wheel, a cassette/CD stereo, air conditioning, and power windows, locks and mirrors. A large, center-mounted tachometer dominates the three-pod gauge cluster.

Tall folks can stretch out, but cargo space is virtually nonexistent — officially listed at a minuscule 1.9 cubic feet. The sole factory option is a leather-trimmed seat package.

Under the Hood
The MR2’s 138-horsepower, 1.8-liter, dual-overhead-cam four-cylinder engine is adapted from the one used in the Celica; it teams with a five-speed-manual transmission. The six-speed sequentially shifting manual gearbox replaces the clutch pedal and gear selector with a single shifter, but it has no fully automatic mode. Toyota claims the MR2 Spyder can accelerate from zero to 60 mph in less than 7 seconds.

All-disc antilock brakes and daytime running lights are standard. Side-impact airbags are not available.

Driving Impressions
The MR2 Spyder is among the more fun-filled two-passenger models around. It is tight inside, and slipping into the driver’s seat demands a few gyrations that culminate with a drop into the seat. The prospect of controlling almost Porsche Boxster-like highway moves on a tight budget makes up for a few imperfections.

Equipped with a capable engine, the MR2 Spyder zips through challenging situations and grips the pavement tautly through curves. On good pavement surfaces, the ride is surprisingly smooth. The manual gearbox works with easy motion but demands some effort. The wind deflector can be distracting, but visibility is otherwise good.

Consumer reviews

Rating breakdown (out of 5):
  • Comfort 4.4
  • Interior 4.6
  • Performance 4.9
  • Value 4.8
  • Exterior 4.8
  • Reliability 4.8

Most recent consumer reviews


most fun car I've ever owned

I love convertibles. There is something about being able to drive a car with the top down that just thrills me. My first convertible was a 1972 VW Karmen volkswagen super beetle. I loved that car. It was pure fun. My husband bought a Porsche Boxter a few years ago and that is a fun car as well. But it wasn't mine. I wanted my own convertible sports car. So I test drove a few, including a Solstice. I fell in love with the Toyota MR2. It just felt good to drive. It was like we belonged together. I bought it this past autumn and even got to put the top down a few times. I like driving it even with the top up. But I am really looking forward to spring and summer. It's not a car you want as an only driver as it doesn't have any cargo room really. I took the spare tire out so I can do small grocery shopping trips. This is my fun car. I still keep my Dodge Intrepid for road trips and bigger shopping trips. I'm happy with my little car. I would highly recommend it for anyone looking for a fun little car to drive. And it's a Toyota so it's very well made.


Great car

I've owned mine for over 2 years and it's been trouble free and fun to drive. You can actual haul alot of groceries in the passenger seat and the storage areas behind the seats.


MR2 Spyder

an excellent sports car that has a mid engine light format that allows the drive to eek every inch out of the car off road and explore its near limits on public roads. simple to work on. cheap to run as a daily driver gets good gas milage on 87 and is easily modified with bolt ons to increase power. some issues with older engine designs get an 03 or newer to avoid and enjoy

See all 6 consumer reviews


New car and Certified Pre-Owned programs by Toyota
New car program benefits
36 months/36,000 miles
60 months/unlimited distance
60 months/60,000 miles
Certified Pre-Owned program benefits
Maximum age/mileage
7 years/less than 85,000 miles
Basic warranty terms
12 months/12, 000 miles
7 years/100,000 miles
Dealer certification required
160- or 174-point inspections
Roadside assistance
View all cpo program details

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