To adjust the parking brake on a 1988 Toyota MR2, first, ensure the vehicle is on a level surface and the rear wheels are chocked. Remove the center console cover to access the parking brake lever. Locate the adjustment nut at the base of the lever and turn it clockwise to tighten the brake or counterclockwise to loosen it, ensuring that the brake engages properly after about 6-8 clicks. Finally, test the parking brake by engaging it and confirming that it holds the vehicle securely in place.
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