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2005 Toyota MR2 Spyder Overview, Reviews, Ratings & Specs

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Jovan | March 31, 2025
The 2005 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). Offered in a single trim level, its appeal lies in its lightweight construction, nimble handling, and affordability. Its mid-engine layout provides exceptional balance, making it a favorite among driving enthusiasts. Expect a pricing range from around $7,000 to $15,000+ depending on condition and mileage.
The Good

The 2005 MR2 Spyder excels in performance and reliability, hallmarks of Toyota. Its nimble handling offers an engaging driving experience appealing to enthusiasts. Practical buyers appreciate its fuel efficiency and relatively low maintenance costs. While comfort isn't its forte, the open-top design adds to the emotional appeal.

The Bad

The 2005 MR2 Spyder's weaknesses include limited storage space, a sometimes-uncomfortable ride, and engine issues if not properly maintained. Watch for excessive oil consumption, pre-cat failure (leading to engine damage), and soft top wear and tear. Rust can also be a concern, especially in colder climates.

2005 Toyota MR2 Spyder: Quick Overview

  • Engine: 1.8L 1ZZ-FED inline-4 cylinder
  • Horsepower: 138 hp @ 6400 rpm
  • Torque: 125 lb-ft @ 4400 rpm
  • Fuel Economy:
    • City: 26 mpg
    • Highway: 32 mpg
    • Combined: 29 mpg (estimated)
  • 0-60 mph: Approximately 6.8-7.5 seconds (depending on transmission and driver skill)
  • Towing Capacity: Not applicable (this vehicle is not designed for towing)
  • Transmissions:
    • 5-speed manual
    • 5-speed Sequential Manual Transmission (SMT) - an automated manual
  • Trim Level Features: The 2005 MR2 Spyder came in a single trim level, with limited factory options. Key features included:
    • Manual convertible top
    • Cloth upholstery
    • Air conditioning
    • Power windows and door locks
    • AM/FM stereo with CD player
    • 15-inch alloy wheels
    • Anti-lock brakes (ABS)
  • Optional Features:
    • Leather seats
    • Rear spoiler
    • Upgraded sound system
    • Floor mats
    • Color-keyed hardtop (rare)

2005 Toyota MR2 Spyder Specifications

Vehicle Information
Year 2005
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 2195 pounds
Gross Vehicle Weight Rating -
Overall Height -
Overall Length -
Overall Width -
Wheelbase Length -
Standard Seating -
Engine & Performance
Engine 1ZZ-FE
Engine Size 1.8L
Engine Cylinders 4
Transmission -
Transmission Type Manual
Transmission Speeds -
Drivetrain Rear-Wheel Drive
Additional Features
Anti-Brake System -
Steering Type -
Pricing
Manufacturer Suggested Retail Price (MSRP) $25,145
Invoice Price $22,754
Delivery Charges $540

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What Problems Does the 2005 Toyota MR2 Spyder Have?

The 2005 Toyota MR2 Spyder is generally reliable, but several issues are frequently reported. The most significant concern is pre-catalytic converter (pre-cat) failure. The pre-cats, located in the exhaust manifold, can disintegrate, and the debris can be sucked back into the engine, causing severe damage, especially to the piston rings and cylinder walls, leading to excessive oil consumption. This issue is most prevalent in earlier model years (2000-2002), but can still occur in later models. Regular oil level checks are crucial.

Another common problem is oil consumption, even without pre-cat failure. This can be exacerbated by infrequent oil changes or using the wrong type of oil. The SMT transmission (Sequential Manual Transmission) can also be problematic, with potential issues related to the hydraulic pump and actuators.

Other reported problems include O2 sensor failures, exhaust leaks, and issues with the soft top mechanism (wear and tear). Rust can be a concern in areas with harsh winters or salty roads. While there haven't been a large number of recalls, it's essential to check the NHTSA website for any outstanding recalls related to the specific VIN before purchasing. Long-term reliability depends heavily on proper maintenance and addressing issues promptly.

How long will the 2005 Toyota MR2 Spyder last?

With proper maintenance, a 2005 Toyota MR2 Spyder can easily reach 200,000 miles or more. Many owners report reaching well over 15 years of service. Long-term durability hinges on preventative maintenance, particularly addressing potential oil consumption issues and pre-cat concerns. The engine's design makes it sensitive to low oil levels, so regular checks are crucial. Weaknesses over time include potential rust in areas prone to salt, wear and tear on the soft top, and potential issues with the SMT transmission, if equipped. Regular servicing of the cooling system is also vital to prevent overheating, which can shorten engine life.

What Technology & Safety Features are Included?

The 2005 Toyota MR2 Spyder is relatively basic in terms of technology and features compared to modern vehicles.

Tech and Entertainment: Standard equipment includes an AM/FM radio with a CD player. Some models may have had optional upgraded sound systems. There's no navigation system, Bluetooth connectivity, or advanced infotainment features.

Driver-Assistance: The MR2 Spyder lacks modern driver-assistance features like lane departure warning, blind-spot monitoring, or automatic emergency braking. It relies on the driver's skill and awareness.

Safety Features: Standard safety features include anti-lock brakes (ABS) and dual front airbags. Side airbags were not available. It lacks electronic stability control (ESC) or traction control (TC).

Optional Features: Optional features included leather seats, a rear spoiler, and floor mats. A rare color-keyed hardtop was also available.

Crash-Test Ratings: The NHTSA (National Highway Traffic Safety Administration) did not conduct crash tests on the MR2 Spyder. The IIHS (Insurance Institute for Highway Safety) also did not rate this vehicle. The absence of crash test data makes it difficult to assess its crashworthiness compared to other vehicles. Its small size and lightweight construction may make it less safe in collisions with larger vehicles. It is crucial to exercise caution and drive defensively.

What Colors Options are Available?

Exterior Colors
Absolutely Red
Black
Blazing Blue Metallic
Desert Sand Mica
Salsa Red Pearl
Silver Streak Mica
Super White
Interior Colors
Tan
Black

2005 Toyota MR2 Spyder Prices and Market Value

The 2005 Toyota MR2 Spyder had an MSRP of around $25,000 when new. Current used market prices range from approximately $7,000 to $15,000 or more, depending heavily on condition, mileage, and location. Depreciation has been significant, but well-maintained examples are holding their value, particularly those with low mileage and no modifications. Factors affecting resale value include the car's overall condition (rust-free examples are more desirable), the presence of original parts, a clean title, and a complete service history. The desirability of manual transmissions can also positively impact the price.

2005 Toyota MR2 Spyder Cost of Ownership

The 2005 Toyota MR2 Spyder is generally economical to own. Insurance costs are typically reasonable, and fuel economy is good. Routine maintenance, like oil changes and brake replacements, is affordable. However, potential engine repairs related to pre-cat failure or oil consumption can be expensive. Repair costs for the SMT transmission can also be high. Long-term ownership costs depend heavily on how well the car has been maintained. Addressing potential issues early can prevent more costly repairs down the road.

2005 Toyota MR2 Spyder Fuel Efficiency

Fuel Type Gasoline
Fuel Capacity 12.7 gallons
City Mileage 23 miles/gallon
Highway Mileage 29 miles/gallon

2005 Toyota MR2 Spyder Safety Rating

NHTSA
Side Driver Rating
Frontal Passenger Rating
Rollover Rating
Side Rear Passenger Rating
Frontal Driver Rating
IIHS
Rear Crash Protection/Head Restraint Ratings Not Tested
Moderate Overlap Front Test Results Not Tested
Side Impact Test Results Not Tested

2005 Toyota MR2 Spyder Insurance

Insurance for a 2005 Toyota MR2 Spyder is moderately priced, reflecting its status as a Convertible with strong safety ratings and
reasonable repair costs.

How Does the 2005 Toyota MR2 Spyder Compare to Other Convertible?

The 2005 Toyota MR2 Spyder competes with other small, sporty roadsters like the Mazda MX-5 Miata and, to a lesser extent, the Honda S2000.

Performance: The MR2 Spyder offers similar handling to the Miata but slightly less horsepower than the S2000. The Miata is often praised for its superior steering feel and more forgiving handling. The S2000 offers significantly more power and a higher-revving engine.

Features: The MR2 Spyder is relatively basic compared to both the Miata and S2000, lacking features like traction control and a more refined interior. The Miata offers more available features and a slightly more comfortable interior. The S2000 boasts a more upscale interior and additional performance features.

Reliability: The MR2 Spyder is generally reliable, but the pre-cat issue is a significant concern. The Miata is known for its exceptional reliability. The S2000 is also considered reliable, but can be more expensive to maintain.

Price: The MR2 Spyder is often more affordable than the S2000, especially in the used market. The Miata typically falls somewhere in between.

Alternatives: The Mazda MX-5 Miata is often considered a better all-around choice due to its superior driving experience, reliability, and available features. The Honda S2000 offers a significant performance upgrade but comes at a higher price.

Ranks #1 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 (5.0★)
11 2021 Jeep Compass (5.0★)
12 2019 Buick Cascada (0.0★)

Final Verdict: Is the 2005 Toyota MR2 Spyder a Good Convertible?

The 2005 Toyota MR2 Spyder is ideal for driving enthusiasts seeking an affordable, lightweight, and engaging roadster. It's worth buying *if* you are aware of its potential weaknesses and willing to perform preventative maintenance, especially regarding oil consumption and pre-cat issues. A well-maintained, rust-free example with a manual transmission is the most desirable. Inspect the car thoroughly for any signs of engine problems, and consider a pre-purchase inspection by a qualified mechanic. It's a fun car for weekend drives, but may not be the best choice for daily commuting due to its limited storage and somewhat harsh ride. The SMT transmission should be carefully evaluated due to its potential for costly repairs. Overall, it's a unique and rewarding driving experience for the right owner.

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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.