EraVerdict: The affordable mid-engine icon until rust or a tired turbo writes the check. Buy the shell first, then the engine paperwork.
At a glance
Risk 3/5 Market: Mid-engine Toyota tax rising
Must-have records:
- Timing belt + water pump
- Turbo history / boost leak test (T)
- Clutch invoice
- Rust repair photos (sills, arches, strut areas)
Live listings
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Buy-risk rundown
| Issue | Symptom | How to check | Typical cost (as of Nov 2026) |
|---|---|---|---|
| Rust (sills, arches, door bottoms, underbody, strut 'cancer bars') | Bubbling paint, soft metal, damp carpets | Lift and probe; water-test T-tops if fitted | Structural rust can erase the car [1][2] |
| Clutch wear / release bearing | Slip, late bite, noise | Test-drive engagement | Not yet verified [2][3] |
| Turbo / coolant hose failures (3S-GTE) | Boost leaks, oil/coolant mixing, smoke | Boost test; inspect turbo-side hoses | Not yet verified as a single job price [2][4] |
| Timing belt service | — | Demand interval proof | Interference risk on these engines; cost not yet verified [3] |
| T-top seal leaks | Wet carpets, electrical gremlins | Water test; lift carpets | Seal kits exist; labor varies [1] |
Cost figures checked against the sources below in Nov 2026. Bracketed numbers refer to the source list.
Notes
- US turbo years are limited; many clean cars are NA or imported. Confirm market and emissions gear.
- Rev 1–3 differences matter for ABS, turbo, and styling — verify what you're viewing.
Before you buy
Use our printable pre-purchase inspection checklist and get a PPI from a marque specialist.
Sources
- Classic & Sports Car, MR2 Mk2 buyer's guide (accessed Nov 2026)
- Canadian Gearhead, SW20 buyer's guide (accessed Nov 2026)
- Classics World, SW20 buyer's guide (accessed Nov 2026)
- MR2OC UK, buyer's checklist (accessed Nov 2026)
Last updated 2026-11-05. Costs vary by region and shop.
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