I think it's interesting how a lot of us are talking about the MR2 as an
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'investment'.
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I'm not sure this is the best approach to MR2 ownership.
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I've owned my rev 3 turbo for the better part of a decade now, bought at a time when well modified/clean examples were fetching 3-4K.
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I paid 3.5K for mine.
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I couldn't give a toss about the current market value because I still enjoy owning/maintaining/driving the car and don't foresee this changing anytime soon.
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Looking for a return on an MR2 as an investment is a pointless exercise.
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Equally, if you're an enthusiast and are desperately haggling the price down, you're also missing the point.
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I would happily pay 5
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- 7K for my current car if I was offered it tomorrow.
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.
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.because I'm an enthusiast and I WANT to own the car.
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I don't look at the market often, but when I do, I notice a distinct lack of even half-decent rev 3 turbos, so I would agree with OP that his car is not overvalued.
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I also agree with a lot of the comments suggesting why the MR2 has been undervalued for so long, and likely will continue to be.
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It's a niche car, but unfortunately it's still being treated like a readily available commodity.
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As to the suggestion that the car doesn't have racing heritage, I would strongly disagree.
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Let's not forget the 3SGTE was the engine that took on the RB26 in the JGTC.
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.
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.not the 2JZ-GTE.
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And as for rallying, how much more pedigree do you want than the Celica??