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!!!).