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Man Maths: Toyota MR2 Mk1

1 week ago

Writer:

Andrew Frankel | Ti co-founder

Date:

26 April 2025

It was 1987 and my then girlfriend had a brand new, original Toyota MR2, on account of her family being rather better resourced than mine. So we decided to do one of those long distance scavenger hunt things popular among the braying SW3 set to which I would like to have become accustomed at the time. It started in Hyde Park and ended in Monte Carlo and required us to collect various items on the way for presentation at the finish to show we’d followed the route, the first among which was a large lump of goat’s cheese so teeming with fetid life I’d not be surprised if it had a pulse.

But she didn’t want it living in the surprisingly capacious boot with her ball gowns, so it stayed and stank with us, in an unconditioned cabin all the way to Monaco where she found herself in receipt of a better offer, disappeared for a couple of days whereafter I drove her back to England nonstop and never heard from her again.

You’d think after that experience and those associations I’d hate that first-generation MR2, but in fact the reverse is true: I think it is one of most underrated sports cars ever created. How else to explain how a comparatively rare mid-engined, rear-drive two-seater with a gorgeous twin-cam engine, fabulous gearbox and gnat-like handling can somehow be worth less than a front-drive, front-engined machine developed from a shopping car like the Peugeot 205 GTI, however wonderful it might be?

The original MR2 was highly rated for its handling

They really were that good. In 1989 Autocar conducted the first of its now annual events to find Britain’s best handling car and while it didn’t win, it was beaten only by a Porsche. The only other mid-engined car there that year was a Ferrari 328 GTB which ended its participation and, indeed, existence in the tyre barrier on the outside of Castle Combe’s Quarry bend. It was years later that I discovered that Lotus chassis guru Roger Becker had been instrumental in setting the MR2 up, but now I know it makes perfect sense.

I next drove another when Toyota launched the all-new, second-generation MR2 in Harrogate and I took an original along to compare and contrast. And in every single way that mattered to me, the older car was better.

Looking around today I see that prices vary enormously, from less than £5k for leggy and visibly unloved examples, to an extraordinary £22k I saw for an apparently perfect car with a mere 5000 miles on the clock. I’d not buy either, the former for obvious reasons, the latter because I’d worry about a car that had had so little use and would be deterred from using it because its value is all in keeping that mileage as low as possible. I think 10 grand is probably the right price to pay for a clean car with maybe only 60-70,000 miles on the clock.

They’re not entirely without issues – they can jump out of fifth gear and later cars (1987 model year onwards) are mechanically more robust, but the major issue is, no surprises, rust. Everything else is manageable, but if it’s succumbed in any meaningful way to the tin worm it’s never going to be economic to put it right.

So choose carefully, spend more if you need to and find that rare example that has been genuinely cared for: they are out there. Despite all I went through in one, I’d leap at the chance to drive another tomorrow. By contrast I’ve not wittingly touched goat’s cheese since, and I never will.

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