Toyota ushered in the second generation of the Camry Solara with the 2004 model. Completely restyled, the new Solara was larger with a rounder, more aerodynamic shape. Interior improvements included more shoulder and hip room and moveable seatbelts to ease entering and exiting the back seat. Toyota also added another trim level, the SE Sport, to the lineup.

Rounding out the trims for the 2004 Camry Solara are the base SE and the luxurious SLE. The SE Sport was meant for drivers who want more out of their cars than the typical Camry owner, and so it includes firmer suspension and larger tires, along with unique lower body styling and interior trim. The fully-loaded SLE has been compared to the much pricier Lexus SC 430 coupe. Available engines are a 2.4 liter, 157 horsepower four cylinder, and a new 3.3 liter, 225 horsepower V6. Fuel economy is about 20 to 30 miles per gallon, depending on the engine. A convertible was introduced late in the model year.

One complaint about the 2004 Toyota Camry Solara is that long, heavy doors make it difficult to get out when parked in a tight spot. Still, overall drivers are happy with their Camry Solaras, citing the smooth, quiet drive and typical Toyota reliability.