Faults:

Stress fracture on the rear driver's side rotor.

Original muffler is still on it and it's starting to go.

General Comments:

This is by far one of the best Japanese performance cars ever built! Its mid-engine design makes for perfect weight distribution and gives the driver that true sports car feel. Because of all the weight in the back and the rear wheel drive configuration, the MR2 hooks up fast and brings the driver to 60 MPH in 5.9 seconds.

The interior is comparable to the NSX... you feel fast when you're sitting in this car! Even at a stand still.

Faults:

Timing belt has broken 3 times! Mechanics say my engine was screwed by Toyota (by the way it takes a lot of work to replace).

Turbo went out.

Too many rear tires to count.

Window master switch/door lock relay problems ($600 for the door/window problem, a bit ridiculous).

Coolant problems.

New brake discs (my fault).

Also I am responsible for a lot of this damage because I rodded this car to hell.

General Comments:

As expensive as this MR2 is to repair, and as expensive and useless my local Toyota dealer is (which I think is the case with all Toyota dealers), I love the performance of this car, and I will be sure to buy a newer one in the future (not a spyder though - they are a powerless joke).

Good interior, awesome handling and OK reliability.

Faults:

Power steering went out.

Driver's side window motor broke.

Speedometer and odometer broke.

Engine came to a grinding halt - $2500 to fix so I sold it.

General Comments:

Very fun car to drive.

Most comfortable.

Gets you in trouble with the Police.

Girls like it.

Highly recommended.

Faults:

Normal stuff that all 97,000 mile cars have. Spark plugs, wires, etc.

The only real bad thing I had to buy was a new turbo at 80,000. Toyota wants around $2000 for a new ct-26 (Stock Turbo) @ 200HP. Lucky for me the MR2 has a huge fan following!!!! I was able to get a used HKS Turbo that puts out 365HP!! for only $700.

Car looks brand new still, and I love it to this day.

General Comments:

This is the best, sports car for your buck. I have owned a lot of cars (Miata, RX7 TT, 300ZX TT, Corvette, others) and this has been the best!

Performance 10 because right out of the box you have a 0-60 in 5.9 sec!! Then there is a huge, huge after market for this car right now! Much more than any of the other cars out there.

The looks turn heads at every light. I have someone telling me what a great looking car it is almost every week. There is also a huge amount of body kits out there for every part of the car!!

As above, parts and labor cost a bit more than a normal car (Mid engine), but hey if you never have to buy parts who cares!!

There are not a lot of cars out there today that you can just go out to the track and race with, but with the MR2 Turbo you can, and do well.

I now have had 4 friends after driving my car go out and buy one the next week. They are rare and very hard to find so it may take you a bit to find one in good shape. So go out find a MR2 with around 90,000 or less miles in good shape and have the drive of your life. I did!

Faults:

Cam seal.

General Comments:

This car is/was awesome. Don't listen to the VW nerd who wrote the other comment. There is no question in anyone's mind that Toyota is a much more refined and superior auto manufacturer than VW! Come on, now!

The car has a 2.0 liter four cylinder packing 200 hp. Compare that to the anemic 170-180 of a V-6 Corrado, and you know what's up. Peformance: 0-60 about 6.5 Seconds, 1/4 mile: around 15.0. Top speed: around 149. This is a car you can buy for $6,000 and sell for the same or more even though it may have higher miles.

Not many problems, but when/if one surfaces it's usually costly.

Faults:

Strut boots torn.

Air conditioner leaked Freon.

Audio system shorted out.

Rear spoiler loose.

General Comments:

The MR2 is a very nice car. I am a student who was buying on a budget, so I had to settle for a poor little car that was abused by its previous owner. I have worked on nursing her back to health, but as soon as I graduate and start a career, I hope to buy another MR2 which is flawless. The stying, mechanicals, and overall feel of the car are timeless and unique. People still ask me if it's a new car (IT'S 9 YEARS OLD!!!).