The 2003 Toyota MR2 Spyder is a two-seat, mid-engine, rear-wheel-drive roadster, part of the MR2's third and final generation (2000-2007 in some markets). There was only one trim level. Its affordable price and pure sports car experience made it popular. The mid-engine layout offered excellent balance and handling. Expect used prices from around $5,000 to $15,000 depending on condition and mileage.
The Good
The 2003 MR2 Spyder boasts sharp handling and a fun driving experience (emotional). It's a reliable Toyota, known for its longevity (practical). Fuel efficiency is excellent. Its simple design is classic. While not luxurious, it's a great value for a pure sports car experience.
The Bad
Watch out for pre-cat failures which can damage the engine. The lack of storage space is a significant drawback. Ride comfort is firm, and the car can be noisy. The sequential manual transmission (SMT) version is less desirable than the manual. Rust can be an issue in colder climates.
2003 Toyota MR2 Spyder: Quick Overview
- Engine: 1.8L 1ZZ-FED inline-4
- Horsepower: 138 hp @ 6400 rpm
- Torque: 125 lb-ft @ 4400 rpm
- Fuel Economy: 26 mpg city / 32 mpg highway (manual transmission)
- 0-60 mph: Approximately 6.8 seconds (manual transmission)
- Towing Capacity: Not applicable (sports car)
- Transmission Options: 5-speed manual or 5-speed Sequential Manual Transmission (SMT)
- Trim Levels: Base (only one trim level available)
- Key Features (Base):
- Manual convertible top
- 15-inch alloy wheels
- Air conditioning
- Power windows
- Power mirrors
- AM/FM radio with CD player
- Cloth upholstery
- Dual front airbags
- Anti-lock brakes (ABS)
- Optional Features (Available at additional cost or as port-installed options):
- Leather upholstery
- Rear spoiler
- Floor mats
- Fog lights
- Upgraded audio systems
- Note: The 2003 MR2 Spyder was primarily focused on providing a pure and engaging driving experience, so it lacked some of the luxury features found in other cars of the time. The focus was on light weight and nimble handling.
2003 Toyota MR2 Spyder Specifications
Vehicle Information
| Year | 2003 |
| Make | Toyota |
| Model | MR2 |
| Trim | - |
| Style | Convertible |
| Type | Convertible |
| Category | Sports Car |
Manufacturing Details
| Made In | Japan |
| Manufacturing City | SAGAMIHARA |
Dimensions
| Doors | 2-Door |
| Curb Weight | 2215 pounds |
| Gross Vehicle Weight Rating | - |
| Overall Height | 51.90 inches |
| Overall Length | 183.70 inches |
| Overall Width | 75.70 inches |
| Wheelbase Length | 105.90 inches |
| Standard Seating | 2 |
Engine & Performance
| Engine | 1.8-L I4 |
| Engine Size | 1.8L |
| Engine Cylinders | 4 |
| Transmission | 5-Speed Manual |
| Transmission Type | Manual |
| Transmission Speeds | 5-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $24,645 |
| Invoice Price | $22,302 |
| Delivery Charges | $485 |
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What Problems Does the 2003 Toyota MR2 Spyder Have?
The 2003 Toyota MR2 Spyder is generally reliable, but several issues have been reported. The most significant concern is the catalytic converter (pre-cats) disintegrating and being sucked back into the engine, causing significant damage. This issue is more prevalent in earlier model years (2000-2002) but can still occur in the 2003 model. Installing an aftermarket header without pre-cats is a common preventative measure.
Another common issue is oil consumption, particularly in higher-mileage examples. Regular monitoring and maintenance are crucial.
The Sequential Manual Transmission (SMT) can also be problematic, with reports of pump failures and general unreliability. Many owners prefer the standard manual transmission.
Rust can be a concern, especially in areas where salt is used on roads. Inspect the undercarriage and body panels for signs of corrosion.
Recalls for the 2003 MR2 Spyder are relatively limited, but it's essential to check the NHTSA website (www.nhtsa.gov) for any outstanding recalls related to safety or emissions.
Long-term reliability largely depends on maintenance. Regular oil changes, timely replacement of wear items, and addressing issues promptly will help ensure the car's longevity.
Another common issue is oil consumption, particularly in higher-mileage examples. Regular monitoring and maintenance are crucial.
The Sequential Manual Transmission (SMT) can also be problematic, with reports of pump failures and general unreliability. Many owners prefer the standard manual transmission.
Rust can be a concern, especially in areas where salt is used on roads. Inspect the undercarriage and body panels for signs of corrosion.
Recalls for the 2003 MR2 Spyder are relatively limited, but it's essential to check the NHTSA website (www.nhtsa.gov) for any outstanding recalls related to safety or emissions.
Long-term reliability largely depends on maintenance. Regular oil changes, timely replacement of wear items, and addressing issues promptly will help ensure the car's longevity.
How long will the 2003 Toyota MR2 Spyder last?
With proper maintenance, a 2003 Toyota MR2 Spyder can easily reach 200,000 miles or more. Many owners report exceeding this milestone with careful upkeep. The engine and drivetrain are generally robust. However, as mentioned, oil consumption can become an issue with age. Rubber components like hoses and seals will eventually need replacement. The soft top is another area that may require attention over time, as it can wear or tear. Regular maintenance, including oil changes, coolant flushes, and spark plug replacements, is essential for long-term durability.
What Technology & Safety Features are Included?
The 2003 Toyota MR2 Spyder is a simple sports car, so its built-in tech and features are relatively basic compared to modern vehicles.
Entertainment: It comes standard with an AM/FM radio and a CD player. Upgraded audio systems were available as optional extras.
Driver-Assistance: The MR2 Spyder doesn't offer any advanced driver-assistance features like lane departure warning or blind-spot monitoring. Its focus is on providing a direct and engaging driving experience, relying on the driver's skill and awareness.
Safety Features: Standard safety features include dual front airbags and anti-lock brakes (ABS). Side airbags were not available. The MR2 Spyder's small size and lightweight construction mean it doesn't perform as well in crash tests as larger, newer vehicles.
Crash-Test Ratings: The NHTSA (National Highway Traffic Safety Administration) and IIHS (Insurance Institute for Highway Safety) ratings for the 2003 MR2 Spyder are limited. Due to its age and low production numbers, it wasn't subjected to the same comprehensive testing as many other vehicles.
Optional Features: Leather seats and fog lamps were available as dealer-installed options. The SMT transmission was also an available option.
Overall, the 2003 MR2 Spyder prioritizes a pure driving experience over technological gadgets. Its safety features are basic by modern standards, and it lacks advanced driver-assistance systems.
Entertainment: It comes standard with an AM/FM radio and a CD player. Upgraded audio systems were available as optional extras.
Driver-Assistance: The MR2 Spyder doesn't offer any advanced driver-assistance features like lane departure warning or blind-spot monitoring. Its focus is on providing a direct and engaging driving experience, relying on the driver's skill and awareness.
Safety Features: Standard safety features include dual front airbags and anti-lock brakes (ABS). Side airbags were not available. The MR2 Spyder's small size and lightweight construction mean it doesn't perform as well in crash tests as larger, newer vehicles.
Crash-Test Ratings: The NHTSA (National Highway Traffic Safety Administration) and IIHS (Insurance Institute for Highway Safety) ratings for the 2003 MR2 Spyder are limited. Due to its age and low production numbers, it wasn't subjected to the same comprehensive testing as many other vehicles.
Optional Features: Leather seats and fog lamps were available as dealer-installed options. The SMT transmission was also an available option.
Overall, the 2003 MR2 Spyder prioritizes a pure driving experience over technological gadgets. Its safety features are basic by modern standards, and it lacks advanced driver-assistance systems.
What Colors Options are Available?
Exterior Colors
Absolutely Red
Black
Electric Green Mica
Midnight Blue Metallic
Silver Streak Mica
Super White
Interior Colors
Tan
Black
2003 Toyota MR2 Spyder Prices and Market Value
The 2003 Toyota MR2 Spyder had a starting MSRP of around $25,000 when new. Current used market prices range from approximately $5,000 to $15,000, depending on condition, mileage, and location. Lower mileage examples in excellent condition command the highest prices. Models with the manual transmission are generally more desirable and hold their value better than those with the SMT. The limited production numbers and the car's fun-to-drive nature contribute to its relatively strong resale value. Good maintenance records and lack of modifications also positively impact resale value.
2003 Toyota MR2 Spyder Cost of Ownership
Insurance costs for the 2003 MR2 Spyder are generally moderate, depending on the driver's age and driving record. Fuel costs are low due to its excellent fuel economy. Routine maintenance is relatively affordable, thanks to Toyota's reliability. However, repairs can be costly, especially if the engine is damaged due to pre-cat failure. Overall, the 2003 MR2 Spyder is reasonably economical to own, especially if preventative maintenance is performed to avoid major engine repairs.
2003 Toyota MR2 Spyder Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
25 gallons
City Mileage
26 miles/gallon
Highway Mileage
32 miles/gallon
2003 Toyota MR2 Spyder Safety Rating
NHTSA
IIHS
2003 Toyota MR2 Spyder Warranty
Basic
Original warranty
36 months / 36,000 miles
Estimated remaining
Expired
Powertrain
Original warranty
60 months / 60,000 miles
Estimated remaining
Expired
Rust
Original warranty
60 months / unlimited miles
Estimated remaining
Expired
2003 Toyota MR2 Spyder Insurance
Insurance for a 2003 Toyota MR2 Spyder is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 2003 Toyota MR2 Spyder Compare to Other Convertible?
Key rivals to the 2003 Toyota MR2 Spyder include the Mazda MX-5 Miata and, to a lesser extent, the Honda S2000. The Miata offers similar levels of fun and open-top motoring, with a slightly more refined and comfortable driving experience. The S2000 boasts a more powerful engine and higher performance, but at a higher price point.
Performance: The MR2 Spyder's mid-engine layout gives it excellent balance, but its engine is less powerful than the S2000's. The Miata offers similar performance, prioritizing handling over outright speed.
Features: All three cars are relatively spartan in terms of features compared to modern cars. The Miata offers a few more creature comforts than the MR2 Spyder.
Reliability: All three are known for their reliability. The MR2 Spyder's pre-cat issue is a potential concern, while the S2000 can suffer from oil starvation on track if not properly maintained.
Price: The MR2 Spyder is often the most affordable of the three on the used market, making it an attractive option for budget-conscious buyers.
Alternatives: If you prioritize performance and don't mind paying more, the Honda S2000 is a good alternative. If you want a slightly more comfortable and refined roadster, the Mazda MX-5 Miata is an excellent choice. For pure, affordable, mid-engine fun, the MR2 Spyder remains a compelling option. A Lotus Elise (used, of course) could be an alternative at a higher price for more focused performance.
Performance: The MR2 Spyder's mid-engine layout gives it excellent balance, but its engine is less powerful than the S2000's. The Miata offers similar performance, prioritizing handling over outright speed.
Features: All three cars are relatively spartan in terms of features compared to modern cars. The Miata offers a few more creature comforts than the MR2 Spyder.
Reliability: All three are known for their reliability. The MR2 Spyder's pre-cat issue is a potential concern, while the S2000 can suffer from oil starvation on track if not properly maintained.
Price: The MR2 Spyder is often the most affordable of the three on the used market, making it an attractive option for budget-conscious buyers.
Alternatives: If you prioritize performance and don't mind paying more, the Honda S2000 is a good alternative. If you want a slightly more comfortable and refined roadster, the Mazda MX-5 Miata is an excellent choice. For pure, affordable, mid-engine fun, the MR2 Spyder remains a compelling option. A Lotus Elise (used, of course) could be an alternative at a higher price for more focused performance.
Ranks #29 Convertible
| 1 | 2005 Toyota MR2 Spyder | (0.0★) |
| 2 | 2015 Lexus IS | (0.0★) |
| 3 | 2009 Honda S2000 | (4.0★) |
| 4 | 2023 Mazda MX-5 Miata RF | (4.0★) |
| 5 | 2023 BMW 8 Series | (0.0★) |
| 6 | 2021 Ford Mustang | (5.0★) |
| 7 | 2020 Mercedes-Benz SL-Class | (0.0★) |
| 8 | 2023 Audi S5 Sportback | (0.0★) |
| 9 | 2023 Ferrari F8 Spider | (0.0★) |
| 10 | 2023 Porsche 718 Boxster | (4.0★) |
| 11 | 2021 Jeep Compass | (5.0★) |
| 12 | 2019 Buick Cascada | (0.0★) |
| 29 | 2003 Toyota MR2 Spyder | (0.0★) |
Final Verdict: Is the 2003 Toyota MR2 Spyder a Good Convertible?
The 2003 Toyota MR2 Spyder is ideal for driving enthusiasts who prioritize handling and a pure, open-top driving experience over luxury and practicality. It's a fun and affordable sports car that's relatively reliable. It's worth buying if you're aware of its potential weaknesses, particularly the pre-cat issue, and are prepared to address them. A well-maintained example with the manual transmission is the most desirable. Ensure a pre-purchase inspection to check for rust and engine health. It is only available used, so condition is key. Avoid the SMT if possible.
Simon A
Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.