The 2004 Toyota MR2 Spyder is a two-seat, mid-engine roadster, representing the final generation of Toyota's MR2 line. Produced from 2000-2005, it offered only one trim level, focusing on simplicity and driver engagement. Its mid-engine layout and light weight provided exceptional handling. Pricing ranged from around $25,000 when new. Its popularity stemmed from its affordability and unique driving experience compared to other sports cars.
The Good
The 2004 MR2 Spyder excels in performance due to its nimble handling and responsive engine. Toyota reliability ensures low running costs. While not luxurious, it's efficient and a great value. Emotionally, it offers a pure, engaging driving experience. Practically, it's relatively affordable and reliable transportation.
The Bad
Weaknesses of the 2004 MR2 Spyder include limited storage space and a somewhat basic interior. Oil starvation issues, particularly with aggressive driving or infrequent maintenance, are a concern. Check for rust, especially in areas with harsh winters. Pre-cat failure can also damage the engine.
2004 Toyota MR2 Spyder: Quick Overview
- Engine Options: 1.8L 1ZZ-FED inline-4
- Horsepower: 138 hp @ 6400 rpm
- Fuel Economy: 26 mpg city / 32 mpg highway (EPA estimated)
- 0-60 Times: Approximately 6.8-7.0 seconds (manual transmission)
- Towing Capacity: Not Applicable (Towing is not recommended or supported)
- Trim-Level Features: The 2004 MR2 Spyder was offered in a single trim level with limited options. Standard features included:
- Manual soft top
- Cloth seats
- Power windows and door locks
- AM/FM radio with CD player
- 15-inch alloy wheels
- 4-wheel disc brakes with ABS
- Optional Features (Available at extra cost):
- Sequential Manual Transmission (SMT)
- Air conditioning
- Leather seats (often aftermarket)
- Limited Slip Differential (LSD - rare)
- Rear spoiler (dealer installed)
- Key differentiators from earlier model years: Minimal changes occurred in 2004. The car remained largely the same as previous years in the 2000-2005 production run. Focus remained on providing a pure roadster experience.
2004 Toyota MR2 Spyder Specifications
Vehicle Information
| Year | 2004 |
| Make | Toyota |
| Model | MR2 Spyder |
| 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 | - |
| Overall Length | - |
| Overall Width | - |
| Wheelbase Length | - |
| Standard Seating | - |
Engine & Performance
| Engine | 1.8-L |
| 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 | - |
| Steering Type | - |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $25,895 |
| Invoice Price | $23,432 |
| Delivery Charges | $515 |
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What Problems Does the 2004 Toyota MR2 Spyder Have?
The 2004 Toyota MR2 Spyder, while generally reliable, has some frequently reported problems. The most significant concern is oil starvation, especially in high-performance driving. This can lead to engine damage or failure, primarily affecting connecting rod bearings. Regular oil level checks and adherence to maintenance schedules are crucial.
Another common issue is pre-catalytic converter (pre-cat) failure. The pre-cats can disintegrate, and the ceramic debris can be sucked back into the engine, causing cylinder wall damage. Aftermarket solutions, like removing the pre-cats or installing higher-quality replacements, are often recommended.
Soft-top wear and leaks are also common, particularly in older models. The plastic rear window can become brittle and crack over time. Replacement tops are readily available, though.
Rust can be a concern in areas with salt exposure. Check the undercarriage, especially around suspension components and the exhaust system.
There have been a few recalls over the MR2 Spyder's lifespan, but not specifically targeting the 2004 model year in particular. Owners should check the NHTSA website to ensure any applicable recalls have been addressed.
Long-term reliability is generally good if these issues are addressed proactively.
Another common issue is pre-catalytic converter (pre-cat) failure. The pre-cats can disintegrate, and the ceramic debris can be sucked back into the engine, causing cylinder wall damage. Aftermarket solutions, like removing the pre-cats or installing higher-quality replacements, are often recommended.
Soft-top wear and leaks are also common, particularly in older models. The plastic rear window can become brittle and crack over time. Replacement tops are readily available, though.
Rust can be a concern in areas with salt exposure. Check the undercarriage, especially around suspension components and the exhaust system.
There have been a few recalls over the MR2 Spyder's lifespan, but not specifically targeting the 2004 model year in particular. Owners should check the NHTSA website to ensure any applicable recalls have been addressed.
Long-term reliability is generally good if these issues are addressed proactively.
How long will the 2004 Toyota MR2 Spyder last?
With proper maintenance, a 2004 Toyota MR2 Spyder can easily exceed 200,000 miles or provide 20+ years of service. Key to longevity is diligent oil maintenance to prevent oil starvation. Replacing the pre-cats or installing a header is crucial for engine health. The chassis is durable, but rust can become a problem in certain climates. Soft top replacement is common. Suspension components may need replacement over time. Regular maintenance and addressing issues promptly will significantly extend the car's lifespan.
What Technology & Safety Features are Included?
The 2004 Toyota MR2 Spyder is relatively basic in terms of technology and features, prioritizing a pure driving experience over modern conveniences. Built-in tech is limited to a standard AM/FM radio with a CD player. There are no advanced driver-assistance systems (ADAS) like lane departure warning or automatic emergency braking.
Safety features include standard dual front airbags and anti-lock brakes (ABS). Side airbags were not available. The car has a relatively low curb weight, which contributes to its nimble handling but also impacts its crash performance relative to larger vehicles.
Optional features included air conditioning and a sequential manual transmission (SMT), which is an automated manual gearbox. Some models might have aftermarket upgrades like upgraded sound systems or leather seats. Because of the age of the car, modern features like Bluetooth connectivity or navigation would require aftermarket installation.
Crash test ratings for the MR2 Spyder are limited. The NHTSA (National Highway Traffic Safety Administration) did not conduct full crash tests on the MR2 Spyder. Due to its small size and limited safety features compared to modern vehicles, it's important to drive defensively and be aware of its limitations in a collision.
Safety features include standard dual front airbags and anti-lock brakes (ABS). Side airbags were not available. The car has a relatively low curb weight, which contributes to its nimble handling but also impacts its crash performance relative to larger vehicles.
Optional features included air conditioning and a sequential manual transmission (SMT), which is an automated manual gearbox. Some models might have aftermarket upgrades like upgraded sound systems or leather seats. Because of the age of the car, modern features like Bluetooth connectivity or navigation would require aftermarket installation.
Crash test ratings for the MR2 Spyder are limited. The NHTSA (National Highway Traffic Safety Administration) did not conduct full crash tests on the MR2 Spyder. Due to its small size and limited safety features compared to modern vehicles, it's important to drive defensively and be aware of its limitations in a collision.
What Colors Options are Available?
Exterior Colors
Absolutely Red
Black
Celestial Silver Metallic
Electric Green Mica
Midnight Blue Metallic
Yellow
Interior Colors
Red
Black
2004 Toyota MR2 Spyder Prices and Market Value
The 2004 Toyota MR2 Spyder had a base MSRP of around $25,000 when new. Current used market prices typically range from $8,000 to $15,000, depending on condition, mileage, and modifications. Depreciation has been significant, but these cars have reached a point where they are holding their value relatively well, and low-mileage, well-maintained examples can command higher prices. Factors affecting resale value include condition, mileage, service history, and the presence of desirable options like air conditioning or a limited-slip differential. Cars with documented engine maintenance (especially related to the pre-cats and oil starvation issues) are more valuable.
2004 Toyota MR2 Spyder Cost of Ownership
Insurance costs for the 2004 MR2 Spyder are generally moderate, often comparable to other small sports cars. Fuel costs are low due to its good fuel economy. Maintenance costs are also reasonable, especially if DIY work is possible. However, repairs related to engine issues (oil starvation, pre-cat failure) can be expensive. Overall, the MR2 Spyder is relatively economical to own, provided preventative maintenance is performed and potential issues are addressed promptly. Long-term ownership costs are heavily influenced by how well the car has been maintained.
2004 Toyota MR2 Spyder Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
25 gallons
City Mileage
26 miles/gallon
Highway Mileage
32 miles/gallon
2004 Toyota MR2 Spyder Safety Rating
NHTSA
IIHS
2004 Toyota MR2 Spyder Insurance
Insurance for a 2004 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 2004 Toyota MR2 Spyder Compare to Other Convertible?
The 2004 Toyota MR2 Spyder's key rivals included the Mazda MX-5 Miata and the Porsche Boxster (though the Boxster was significantly more expensive). Compared to the Miata, the MR2 Spyder offers a more unique mid-engine driving experience, but the Miata is generally considered more refined and practical. The MR2 Spyder's handling is often praised as being sharper, but it's also less forgiving than the Miata's.
In terms of features, the MR2 Spyder is fairly basic compared to both the Miata and the Boxster. Reliability is generally excellent, on par with the Miata and better than the early Boxster models. However, the MR2 Spyder's potential oil starvation issues need to be considered.
Price-wise, the MR2 Spyder was very competitive when new and remains relatively affordable on the used market. The Miata offers a similar driving experience with greater practicality and potentially lower long-term ownership costs due to fewer engine-related concerns. The Boxster offers significantly more performance and luxury but comes with a much higher price tag and higher maintenance costs.
Alternatives include the Honda S2000, though it's more expensive and powerful, and potentially earlier generation Miatas. If practicality is a concern, a used BMW Z3 or Z4 might also be considered, but reliability can be a concern.
In terms of features, the MR2 Spyder is fairly basic compared to both the Miata and the Boxster. Reliability is generally excellent, on par with the Miata and better than the early Boxster models. However, the MR2 Spyder's potential oil starvation issues need to be considered.
Price-wise, the MR2 Spyder was very competitive when new and remains relatively affordable on the used market. The Miata offers a similar driving experience with greater practicality and potentially lower long-term ownership costs due to fewer engine-related concerns. The Boxster offers significantly more performance and luxury but comes with a much higher price tag and higher maintenance costs.
Alternatives include the Honda S2000, though it's more expensive and powerful, and potentially earlier generation Miatas. If practicality is a concern, a used BMW Z3 or Z4 might also be considered, but reliability can be a concern.
Ranks #28 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★) |
| 28 | 2004 Toyota MR2 Spyder | (0.0★) |
Final Verdict: Is the 2004 Toyota MR2 Spyder a Good Convertible?
The 2004 Toyota MR2 Spyder is ideal for driving enthusiasts seeking a pure, engaging, and affordable roadster experience. It's worth buying if you prioritize handling and unique styling over practicality and modern features. It's best bought used, as new models are no longer available. Look for well-maintained examples with documented service history, especially regarding oil changes and pre-cat maintenance. Avoid cars with excessive rust or signs of engine neglect. It's a great weekend car or a fun daily driver for someone who doesn't need much storage space.
Jovan
Jovan specializes in interpreting vehicle records and making sense of VIN data. With over 10 years of experience in the automotive data industry, his work ensures that every report is clear, accurate, and useful for car buyers.