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Price opinion from advertisements and recorded sales. Not an inspection or a certified valuation.
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Reference photograph of a Toyota MR2 GT Turbo
Valuation · Toyota · SW20 Rev3 · 1997-99

Toyota MR2 GT Turbo

2.0L turbo inline four (3S-GTE) · 166 kW / 304 Nm · 5sp manual · RWD
CONSIDERRated within the under $30k band · 15 of 46 at this money
Model value
$27,000
Must gain each year to break even
+14.9%
The projection does not clear it, and nor does most of the library.
CarQuant score
47/100
Scored against the under $30k band, not the whole library
Evidence grade
Thin
One to three recorded Australian sales
$27,000
$23,910 lowhigh $41,467
Calibrated to a thin record
Three counted Australian results between $15,249 and $25,000, with two further lots on the page set aside as different cars

Looking at an MR2 for sale?

Put in the asking price and the odometer reading. You will see what this model should make at that reading.

Should make, typical example
$27,000
At about 145,000 km. Enter an asking price to compare.

Odometer only. Colour, options, history, condition and the photographs move it further, and that is what the report reads.

A person reads the advertisement and its photographs. Usually back within 48 hours. Read a real listing report

Price history

Today $27,000 · modelled median at five years $32,293
Solid line: the value this library has carriedDashed from 2026: modelled · even money $27,884 to $37,119
The green band is the even-money range and the one to plan on: half of outcomes land inside it. The pale band behind it bounds eight in ten ($23,910 to $41,467). The path is this model's own: it starts along the momentum of its recorded history and bends toward its projected median as the horizon lengthens, so no two cars share a future curve.

The verdict

A defensible case with reservations. Scores 47/100, ranking 15 of 46 in the under $30k band. Scarcity is the strongest input, liquidity the weakest.
Running it costs about $4,800 a year (17.8% of value), which is what the economics score measures. All in, including the projected value change, it is $4,147 a year.
The model's five year median is $32,293, a +19.6% move, with the tenth percentile at $23,910.
Value calibrated to a thin record. Treat the level as provisional.
Evidence
Thin3 recorded sales
Off its peak
at peak
Value band
wide
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Scored against every recent Australian sale this library holds, half its values land within 11.2 per cent of the price paid and the rest miss by more, in either direction. Projections are therefore damped toward flat in proportion to how little is known, and the plausible band is never narrower than the error the model is known to make.
This value sits above every recorded sale logged for the model. That is the specific error calibration keeps finding, so treat it as a ceiling rather than a mid-point.
Short term (1-5 years)$4,147 a year all in, +19.6% median value move
Long term (10-15 years)Scarcity case already formed
Negotiate from$27,000

Recorded sales

Every recorded observation, and when
5 rows on record
$43k$28k$12k
20222023202420252026
the value this record published, year by yearnow $27kwhat the model expects across 35k–248k kmsoldcontext, excluded
Every row, with its price and note (5) ↓
Library value against the sold record
3 sales · median $19,500
Value $27,000
$15,249$25,000
The library value sits above the highest recorded sale; the evidence note above explains why.
2026Collecting Cars$27,750Context, excluded
SOLD. 20 Mar 2026, Prestons NSW, 108,750km. K24 engine fitted, not a standard car, excluded from this record
2025Collecting Cars$25,000Sold
SOLD. 13 Feb 2025, Sydney NSW, 34,859km
2024Collecting Cars$28,250Context, excluded
SOLD. 15 Apr 2024, North Sydney NSW, 8,095km. GT-i, naturally aspirated rather than the GT Turbo this record describes. Context only
2022Collecting Cars$19,500Sold
SOLD. 8 Mar 2022, Strathfield NSW, 208,554km, Sonic Shadow Edition
2021Collecting Cars$15,249Sold
SOLD. 16 Mar 2021, Perth WA, 247,727km
3 completed Australian sales of 5 rows. Rows marked asking, no sale, or context are shown for honesty but do not count toward the evidence grade: an ask is not a transaction, a pass-in is a refusal, and a provenance or overseas result does not price the ordinary local car. The badge on every row is computed by the same rule as the grade, so the two cannot drift apart.

Score breakdown

Against the under $30k band median
46 cars in band · ink tick marks the median
Ownership economics30% of total
35/100even
Scarcity25% of total
74/100+33
Demand durability20% of total
55/100-1
Liquidity15% of total
14/100-45
Risk resilience10% of total
45/100+8
Sub-scores run 0-100 before weighting; the weighted total is 47/100. Medians are computed live from the 46 cars currently in the under $30k band, so this picture moves when the library does.
The working behind each factor: baseline and drivers ↓
Ownership economics30% weight
35/100
Baseline80 pts
− 17.8% of value a year to run-45 pts
Sub-score (baseline plus drivers, clamped 0-100)35 pts
Scarcity25% weight
74/100
Baseline55 pts
+ 380 registered in Australia, most JDM grey imports+13 pts
+ Turbo variant a minority of total SW20 production+6 pts
Sub-score (baseline plus drivers, clamped 0-100)74 pts
Demand durability20% weight
55/100
Baseline45 pts
+ Rising interest from 25-year import eligibility+15 pts
− Mid-engine layout still a niche taste-5 pts
Sub-score (baseline plus drivers, clamped 0-100)55 pts
Liquidity15% weight
14/100
Baseline20 pts
− Small buyer pool, long time to sell-6 pts
Sub-score (baseline plus drivers, clamped 0-100)14 pts
Risk resilience10% weight
45/100
Baseline60 pts
− Known engine bay heat soak and wiring issues-12 pts
− Snap oversteer reputation limits some buyers-3 pts
Sub-score (baseline plus drivers, clamped 0-100)45 pts
Model output, not advice or a valuation. Verify independently before acting.

What it costs to own · about 5,179 km a year

Annual cost of access, excl. fuel
$4,800a year
Share of value per year
17.8%
Scheduled servicing$95020%
Tyres, annualised$78016%
Registration and CTP$82017%
Insurance$1,35028%
Sinking fund (failure table)$90019%
All-in annualised (a different number)
Purchase (model value plus duty)$28,080
Running costs × 5 years$24,000
Median exit, net of selling cost$31,343
All-in annualised over 5 years$4,147/yr
Share of value per year15.4%
Cost of access is what the car costs to run. All-in annualised adds depreciation, duty and selling costs across a five year hold. They answer different questions and are labelled separately for that reason.
Break-even appreciation, 5 year hold
14.9%a year, only to get the money back
This library projects
+3.6%a year
The projection falls 11.2 points a year short of the hurdle. On these assumptions this car is a cost, not an asset, which can be an entirely rational thing to buy but should be bought knowing it.
Purchase$27,000
Stamp duty$1,080
Running costs x 5 years$24,000
Selling cost at exit, 3.5% of the salescales with price
Sale price needed at +5 years$53,979
Storage
Bought at
No forecast is used to compute the hurdle. It is the purchase, the duty, any premium and 5 years of running cost, grossed up for the cost of selling and spread back over the hold. The projection it is measured against is the weakest number in this product and is drawn that way in the chart above. Transport, finance and any restoration spend sit outside it.

Specification

Engine2.0L turbo inline four (3S-GTE)
Power / torque166 kW / 304 Nm
0-100 km/h6.2 s
Transmission5sp manual
DriveRWD
Kerb weight1,250 kg
Built worldwide18,500
Delivered to Australia1,400
Effective AU survivors380
Australian sales / year95
Typical days on market58 days
Launch price$52,000

What moves the price on this model

Colour hierarchy
Super Red+5%
Black+1%
White-3%
Options
Hardtop (no T-bar)+4%
Rev 3-on suspension and brake updates+3%
Unmodified 3S-GTE+8%
Odometer sensitivity±1.9% per 10,000 km vs 145,000 km
Applied on top of these

Condition, history, originality, ownership, delivery and modification multipliers apply to every car in the library. They are applied automatically when an advertisement is analysed, and the schedule is set out once, on the analyser page.

Projected value in five years

Projected value at five years
$32,293
+19.6% on today
The model's figure. Today it is $27,000.
Even odds it lands between $27,884 and $37,119.
$23,910 lowhigh $41,467
The shaded range is even money and 33% wide; the outer figures bound eight outcomes in ten. Band width follows the evidence - a model with a tight measured record carries a tight band.
A stronger five year outlook than 85% of the library.
-26.6% weakest projected move in the librarystrongest +73.1%
Five-year cost of ownership
Value change alone: +$5,293 across five years.
Running costs over the same period: $24,000.
Duty and expected selling costs: $2,030.
Net cost of five years of ownership: $20,735, or $4,147 a year.
The projected value rise offsets part of the running cost. It does not make the car free to own.

The case for and against

The case for

AU survivors are estimated at 520 against steady demand from the 25-year import wave. Values have almost doubled since 2016 and mid-engine handling keeps it distinct from other JDM coupes.

The case against

Servicing a transverse turbo mid-engine car costs more than a front-engine rival. Snap oversteer at the limit narrows the buyer pool, and parts increasingly come from Japan at import prices. Only two of the four Australian results are clean comparables for a standard GT Turbo, and no confirmed turbo appears anywhere in the international record either - the British lots are naturally aspirated GT cars, which Britain sold and Australia largely did not.

Known faults and risks

Risk 1Head gasket failure on tired examples
Risk 2Engine bay wiring loom degradation
Risk 3Rust in rear subframe mounts
Head gasket replacement$2,800
Turbo timer/wiring refresh$650
Subframe rust repairdocumentation

Similar cars, and what they cost to run

Evidence behind this valueThin · 3 recorded sales
Carried value
$27,000
Historical price
2016 · $14,2002026 · $27,000
Thin
Multiple recorded transactions plus an aggregate source. Treat the level as reliable.
Five Australian lots, three of them counted, and on this model the odometer works almost perfectly

Strip the one engine-swapped car and the remaining four correlate with distance at MINUS 0.974, the tightest fit measured anywhere in this library: $28,250 at 8,095km, $25,000 at 34,859km, $19,500 at 208,554km, $15,249 at 247,727km. The implied slope is 1.9 per cent per 10,000 kilometres; this record carried 2.4, a quarter too steep.

Read the rest of the evidence notes (5 more)
Why that is worth saying out loud

The same exercise on the MX-5 NA in this library returns PLUS 0.32, and on the S14 minus 0.32. Distance prices an MR2 and it does not price those two. A single library-wide assumption that kilometres always matter the same amount is wrong in both directions, and those three records are the evidence.

Two of the five are now formally excluded rather than only described as context

The 1989 car at $27,750 has a K24 fitted and the 1993 GT-i at $28,250 is naturally aspirated rather than the GT Turbo this record covers. Both carried words saying they were context and neither carried the canonical exclusion, so both were being counted as ordinary comparables for as long as this record has existed. The 1996 Sonic Shadow is a colour and trim edition of the car this record describes and it stays counted.

The correction has a cost and it is stated here rather than buried

The K24 car at $27,750 was the single highest counted result and it was propping the value. On the three that remain, fitted to the 145,000 kilometres this record expects, the evidence supports roughly $19,000 against a carried $27,000. That gap is not resolved in this revision. Two of the three are 2021 and 2022 results at more than 200,000 kilometres and the third is a 34,859-kilometre car, so the set is thin at the distance the value is quoted at, and the honest position is that the number is now unsupported rather than that it is wrong by $8,000. The next standard GT Turbo result at ordinary distance settles it. That the swapped car still made $27,750 at 108,750km in March 2026 is interesting and is not scored - one result cannot tell you whether the market forgave the swap or paid for it. SOURCING: Collecting Cars lots surfaced through an aggregator and not confirmed against the auction house, which is the weakest evidence grade in this library. Replace them with a published figure when one appears.

This record carried no Australian result at all before the five lots above arrived,

And the survivor arithmetic it leaned on then still stands: about 1,400 came here and roughly 380 are thought to survive.

International context, and a warning about it

Twenty-one MR2 lots appear in the British record and not one is confirmed as a Turbo. Britain never officially sold the 3S-GTE turbo car this entry describes; the UK-market SW20 was the naturally aspirated GT and GT 16V, and turbos reached Britain only as private imports. Every lot catalogued as GT or GT 16V should be read as the naturally aspirated car. Those eight GT lots sold between GBP2,226 and GBP15,373 with a median near GBP7,419, and three plainly catalogued SW20s made GBP3,825 to GBP10,968. Four lots are ZZW30 MR2 Roadsters - the later, lighter, naturally aspirated convertible, a different car again - and sold between GBP1,960 and GBP3,360, a median of GBP1,999. The GT is worth about 3.7 times the Roadster, and the turbo should sit above the GT again, but by how much cannot be measured from this record. So the useful conclusion here is negative: this data establishes a floor under the model but does not price the turbo, and the value carried here should not be read as supported by it.

This page prices the model.
The report prices the car in the advertisement.

Send the link. A person reads the advertisement and its photographs and sends back what that Toyota MR2 GT Turbo is worth, what to offer and when to walk away, with five years of costs at the distance you drive.

Read a real listing report

The evidence on this model is thin and the report says so on its cover. Read a complete one on a real car first. Seventeen sections, no account, nothing to pay.

This model, today$27,000
Half of sales are further out than$3,018
The report$249
12×
the price of the report: what half of real sales of this model sit further from this page's number than, on this car
Watch this model
Told when the next one is called.

One line of email when this desk publishes a call on a Toyota MR2 GT Turbo, or records a new Australian sale of one. Nothing else, no schedule, and on a quiet model you may hear nothing for months, which is itself worth knowing about a car you are chasing.

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MR2 for sale?Priced by a person, $249