Mazda MX-5 Mk2 Review (1998-2005)

Pros and cons
What we like
Hugely enjoyable to drive
More practical than the mk1
Lots of distinctive special editions to choose from
What to consider
Prone to rust
Hood drainage holes tend to block
Brake calipers can seize and may need replacing
The CarGurus verdict
Purely from a driver’s perspective, the Mazda MX-5 mk2 is great. Its steering is direct, its handling playful, and the sense of connection and control you enjoy from behind the steering wheel is how all true sports cars should be. No, the engines aren’t all that powerful, but they are eager, and with so little weight to haul, the little roadster ends up being far faster than you’d think.
There’s no avoiding the rust issue, and if you’re going to spend a reasonable amount of money on a seemingly good example of the MX-5 mk2, then enlist the expert help of a specialist to inspect the car on a ramp before you hand over the money, but find a good one, and you won’t stop smiling.
out of 5 expert review

What owners say
"The Mazda MX-5 is celebrated by owners for its fun driving experience and engaging performance. Reviewers consistently praise its comfortable ride and value for a sports car, highlighting its ability to deliver smiles on the road. The 2006 model stands out particularly, with drivers noting it as an exceptional sports car compared to competitors. While there are minor critiques, such as issues with heated seats and rust problems in older models, overall satisfaction remains high across all years."
Very good value for money, a fun car to drive
13 August 2025The car was in excellent condition and priced far below other cars that I had viewed, The car drives nice and everything works.
19 April 2025A driver's car with excellent all round handling. It doesn't have much storage space but that is not what it's designed for - and I knew that when I bought it. Luckily my wife has a Defender 90.
27 February 2025What owners say
Very good value for money, a fun car to drive
13 August 2025The car was in excellent condition and priced far below other cars that I had viewed, The car drives nice and everything works.
19 April 2025A driver's car with excellent all round handling. It doesn't have much storage space but that is not what it's designed for - and I knew that when I bought it. Luckily my wife has a Defender 90.
27 February 2025Fun days out in a car that was initially stripped back to the essentials. Later models come with some toys but it retains the ability to make you smile.
23 May 2022Just scrapped a 1996 MGF. This 2006 MX5 is infinitely a better sports car in every way. Good value too.
10 February 2022Great value, low cost of ownership as a sports car. They do what they are designed for really well. They are not a fast n furious sports car, like a Porsche Boxster, but the zip along nicely. 1.8 a bit wheezy, so my advice is go for a well specced 2.0.
3 February 2021Best available of its type, brilliant fun, good value, pity about the rust problems with both front and rear subframes, and the rain drainage channels leading to real problems in front of and behind doors. I will only consider electric hard roof versions now .
18 August 2023Love these little fun sport cars. Had one previously. Collecting next this one on Friday. All gone well, so far. Only issue is that the heated seats do not function
12 February 2023Excellent car in so many ways, the look, the drive, prices are great too what’s not to like.
29 June 2023I prefer the older model shape too the latest shape because its become a copy of the BMW SPORTS CAR
26 September 2023Three things to know
- We’ll get into this in detail below, but MX-5 mk2s can rust, and badly. Treat any claim that a car is ‘rust-free’ with mild suspicion. Get your potential purchase along to an MX-5 specialist and pay to have the car inspected on a ramp. A big chunk of the work these specialists do these days is fixing rusty mk1, mk2 and mk3 MX-5s, so they know what to look for.
- Mazda went crazy with special editions of the MX-5 and, unless our maths is wrong, there are at least 27 of them. Most have things like unique colours and mixes of equipment, so it’s worth doing some research to discover what they offer. Owners tend to look after them, too, so they’re likely to be more expensive than standard models, but should hold their value better.
- Owners love to modify Mk1 and mk2 MX-5s, and completely standard cars are increasingly hard to find. If you find yourself drawn towards a modified MX-5 mk2, don’t forget to check out the insurance implications of the tweaks, and closely examine the quality of the work.
Which one to buy
- For the full-on MX-5 experience: Every model is a hoot to drive, but the 144bhp 1.8i S-VT from spring 2001 onwards is worth seeking out. The engine’s variable valve timing gives it extra zing at high revs, it has a fruiter exhaust note, a six-speed manual gearbox, and sharper suspension. Sure, it’s not that quick in a straight line, but head to twisty roads and you’ll have a ball.
- If you’re an urban dweller: More popular in the US and Japanese markets than in the UK, the MX-5 mk2 is available with an automatic gearbox. Enthusiasts may sneer, but it changes gear sweetly enough, and any loss of performance will be forgotten as you’re trundling through the traffic. At least you can work on your tan during the commute home.
- A limited edition: Google and owner’s clubs are your friends, as you work out which of the 27 specials you fancy. For rarity and style, we suggest the Jasper Conran Platinum, of which just 100 were made. It has Platinum-coloured bodywork, BBS alloy wheels, red Connolly leather on the seats, door trims and hood cover, red carpets – including in the boot – and a set of custom-made luggage. If you don’t care about the luggage and aren’t keen on the red, there’s also a Jasper Conran Classic Black, but there are 400 of those.
- For a British sports car throwback: The first-generation MX-5 was famously created in the spirit of vintage, lightweight, rear-drive cars from the UK, but without the puddles of oil on your driveway. The MX-5 mk2 SE (for Special Edition) from September 1999 mimics the looks of those open-top British heroes with Racing Green paint, a tan leather interior, a wooden-rimmed steering wheel, wooden gear knob, and wooden trim on the centre console.






















