It's a car.
A 90s one.
Any machine this age, especially one unused for 2 years, is going to have some faults.
What I would say is the majority of your faults aren't major ones.
So, your three options:
Break: you could do this.
You'll get cash for the spoiler and the rear lights, and any body panels that someone happens to need to replace.
For your doors if they're good.
Some change money for the rest, really.
I'm assuming this car is an N/A.
.
.
?
Sell: You won't get anything for it.
Sub
£500.
There are still a huge number of MR2s available so I regret to say that they are scarcely worth selling unless they're in good condition.
Just my experience.
Repair: IMO, your best bet.
Even if you're going to sell it, you'll get some use out of the car in the interim and you will never sell it with issues and no MOT
- at least not for anything more than beer money.
Your MOT fails are generally easy to work out, generally speaking.
The sills can possibly wait until they are really needed, as those will cost a bob or two admittedly.
It sounds like you'd want to refurb all four brakes, which doesn't have to cost a lot.
I would suggest picking up 4x calipers.
If they come with pads, and or discs, bonus.
Inspect, replace boots if necessary, grease, fit.
If no new pads, you'll have to buy new ones by the sounds.
Cheap! With buying new used callipers, refurbing, and selling your existing ones
- I'd imagine you'd spent net
£100 or something in the area of.
Depends on the deal you find.
Next up your emissions, decat and lack of use are inextricably linked.
Get a cat pipe on it, or if you must retain the decat, find a friendly tester.
I would recommend you invest in a second hand cat pipe/exhaust system, or find a high-flow sports cat type deal.
This will probably cost a little bit of cash
- but there are a lot of second hand exhausts available, and a surprising number of people that fit the decat pipe.
Correspondingly, a lot of cat pipes in people's garages
bear in mind old originals may be rotten.
.
.
You takes your chances! For the cat pipe you shouldn't pay much
- there is almost no demand for them.
£30? New would cost a great deal.
An aftermarket cat could be had cheaply second hand.
Bear in mind a cheapo second hand OEM cat could rot quickly.
Also bear in mind emissions issues could be linked to degraded service components
- if you're serious about a repair, you'll no doubt tackle these anyway!
Suspension issues could cost a little bit again.
One new strut won't set you back a fortune, but then you'll have mismatched struts on the same axle
- possibly not a problem, but could make for dodgy riding if one is significantly better than the other 3.
.
.
Plenty of second hand shocks lying around people's garages, too
- look for anyone with coilies fitted, or any breaking car! Probably
£50.
Not sure
- look around
- and be sure to get a match with your current shock/spring set up.
Nearside steering gaiter
- buy new from Toyota.
Prices pretty random.
You'd have to contact your local arm of Toyota.
Financially, it's just your call.
Net profit easy with a breaker
- but you'll have a semi-broken car on your hand for ages, or loads of parts lying around your house once you weigh the car in.
Fine if that's the right decision! Selling it as-is is generally a no-go.
Untaxed
(new rules), un-driven for 2 years, un-MOTable, and by your own confession needing a lot of work.
You'll be lucky to see
£200 for it.
If you repair it, you add value, and you get the pleasure
(if you like these things) of doing the repairs, and the pleasure of seeing your old car resurrected
