Introduced at the NAMM Show in 1998, it is a part of the "Deluxe Series" of Fenders produced in Mexico, generally to higher specs than most "Standard" models.

[citation needed] The Toronado features two Fender Atomic humbucking pickups, a rosewood fretboard, and four chrome knobs (2 volume and 2 tone).

The Fender Toronado GT HH (05–06) was crafted in Korea, sporting a mahogany body with SH1N (neck) and SH14 (bridge) Seymour Duncan humbuckers.

The guitar came in metallic finishes with a painted headstock and a racing stripe in a reverse L shape going from the left side of the body to the upper right horn.

These models were available in a number of finishes, including Butterscotch Blonde, Black, Chrome Silver, Pewter Grey Metallic and Crimson Red Transparent.