One problem related to power steering light on has been reported for the 2005 Toyota Camry. The most recently reported issues are listed below. Please also check out the statistics and reliability analysis of the 2005 Toyota Camry based on all problems reported for the 2005 Camry.
The steering of the car was slightly bumpy, was not evident in the beginning. After few months or so or close to 42k miles the steering began to make some bumpy noises. Was not aware of the defective intermediate shaft that was supposed to be replaced under warranty . Was never notified by dealer even during my visits to them when it was under warranty. Recently took the car to the dealer and they informed that I will have to change the intermediate shaft for $500+.