Differences with this improved model include revised suspension that improves corner turn-in and further enhances the original version's keenness of response, agility and its ability to adjust the cornering attitude as much with the throttle as the helm. Another key change lies with a freshly-added selectable 'track' mode that lets the driver tap into the GT86's full potential by adjusting the level of stability and traction control, including a 'fully off' option. Under the skin, the body structure has been made stiffer, and the Showa shock absorbers have been retuned for better handling and ride comfort.
The 2.0-litre Boxer engine beneath the bonnet remains, as does the relatively light 1,180 kg kerb weight which might lead you to expect the GT86 to make rather more of its 197bhp and 151lb of torque than the estimated headline performance stats of 140mph and 0-62mph in 7.6s suggest. But this car isn't just about raw power. Its lean kerb weight plays just as big a role in the way it handles and rides. A limited slip differential is also fitted as standard, reaffirming GT86's essential 'driver's car' character.
And, in this respect, all the ingredients look especially promising: quick steering and relatively low-grip tyres ensure that outright traction never overwhelms the desire to play the angles, should the driver so wish. Back-to-basics fun was always at the heart of the brief for this car.
Disappointments? A short-throw gearchange that's a tad notchy and a six-speed auto option that, while smooth, lacks the snappy alacrity of the best double-clutchers. But that's about it.
The styling changes made to this revised model are subtle. There are now 'teeth' featured along the bottom edge of the lower grille in the redesigned nose section, which apparently help smooth the airflow. There is also a smarter, deeper rear bumper design, aero-stabilising fins have been introduced on the side of the car and there are smarter LED headlights and rear tail lamp clusters too. Otherwise it's as you were. This remains a very good looking car indeed and if the styling isn't daring enough for you, then optional side, roof and bonnet decals are available in black or silver to add an extra dimension to GT86's sporting appearance.
Inside, the driving environment should certainly help get you in the mood, with its low-slung bucket seats and driver-centric control layout, not to mention the drilled pedals and footrest. There are more detail changes here too, aimed at creating a more connected feel between driver and car. Central to this is the grippier three-spoke steering wheel, the smallest yet deigned for a production Toyota (diameter 362mm). A new 4.2-inch TFT multi-information display is included in the instrument binnacle's triple-dial arrangement with a switchable menu that provides performance-focused data, such as power and torque curves, stopwatch and a G-force monitor. As before, there are usable rear seats and a reasonably-sized 243-litre boot.
There's now no stripped-out entry-level variant, so prices start up at around £26,000 for the standard model - or you can find another £1,100 more to get the plusher 'Pro' version with its leather/alcantara heated seats, rear spoiler and sporting suede-effect finish for the dashboard and door trims. Both trims offer the £1,500 option of paddleshift automatic transmission. And even the standard GT86 is well-equipped, featuring 10-spoke 17-inch alloys with a machined finish, adaptive LED headlights, cruise control, powered heated door mirrors with a folding function, aluminium sport pedals, high-performance brake discs and pads, hill start assist and smart entry with push-button start.
Both versions feature the Toyota Touch 2 multimedia system with Bluetooth, 6.1-inch touchscreen and a DAB tuner. As an option, the system can be upgraded to Toyota Touch 2 with Go, adding satellite navigation, connectivity giving access to on-line services and social media channels, and three years' inclusive map updates. Active safety provisions include a switchable VSC stability control system, which can be adjusted through three driving modes to suit driver preference, and a torque-sensing limited slip differential. Seven airbags are provided, including a driver's knee airbag.
You might be tempted by this car and then wonder if the GT86 is going to cost an arm and a leg in depreciation compared to something with a premium badge, say an Audi TT Coupe. A car with four rings on its bonnet has to be a safer home for your money right? Wrong, as it happens. Buy an entry-level TT and it'll be worth 49 per cent of its new price three years down the road. BMW's 220i Coupe? That retains around 43 per cent. The GT86? Try 58 per cent for size.
And the news keeps on getting better when you come to examine day-to-day running costs. The GT86 is reasonably economical. Yes, we know that the published figures are usually a bit of a farce that you'll never get near, but Toyota quotes 36.2mpg on the combined cycle and every person we know who's run one has reported averages of over 30mpg. Emissions aren't quite so clever at 181g/km for the manual car, although the automatic (rather surprisingly) does drop that to 164g/km. Finally, all this is backed up by Toyota's excellent aftermarket care package that includes a five year 100,000 mile warranty. What's not to like?
Could this car be any better? Of course, it could be faster, grippier, quieter and of better quality inside. But personally, we wouldn't really want it to be. All of those things would dilute the very qualities that make this GT86 what it is. Sportscars always used to be this way, light, low powered and modestly rubbered. We had fun in them then and we can have fun in this one now. The chassis is excellent, the controls are brilliant, the driving position nigh-on perfect and the engine, if not aurally exciting, is revvy and fun.
So, what we have here is something to savour; one of those rare machines that involves you so much that you don't need to be travelling at three figure speeds to have fantastic fun. Factor in the affordable running costs and high residuals and this becomes a very tempting proposition indeed, especially in this usefully improved guise. In years to come, it'll be a landmark car for Toyota. Get one and you won't regret it.