Maybe you want a vintage drop-top for a cheap price, to show off on the weekends – or perhaps you’re just interested in seeing how little you can spend and still score a convertible that runs. In any case, it is possible to own a privately-sold used convertible for less than $10,000 – even less than $5,000, in some cases. Beware that most of these cars will have hefty mileages: at least 80K, and often over 100K. As my used-car hobbyist dad knows, however, sometimes you can buy an old car and still get a couple of years of great running ability, as long as you take care of it and you’re not relying on it for, say, a 50-mile daily commute.
Furthermore, you might be tempted by the likes of vintage luxury models, the kind you saw on the roads a decade or more ago. For example, you can own a 1999 BMW 328i convertible for as little as $5,000. When you talk to the seller, find out what options are still intact – such as airbags and heated seats. And when you test drive it, see if the V6 engine and legendary BMW handling ability can still perform to your liking.
Another used convertible that can be had for around $5K is the 1999 Saab 9-3 SE. I once had a roommate who swore by used Saabs. Whenever his current one finally wore out, he’d buy another, similar model. Of course, I remember him spending some Saturday afternoons out in the driveway working on his beloved car. If you can identify with this situation, check out the 9-3 SE’s
Or you could go with an Audi Roadster TT Quattro from 2001, for around $9K. This model’s 4 cylinder turbo engine, 6-speed manual transmission and all-wheel drive may have a couple of good years left. Verify that the car has been evaluated thoroughly by a mechanic before making any decisions, and ensure you have a detailed history of the particular model you’re considering.
Yes, even some iconic models such as the Ford Mustang and Mazda Miata convertibles are at the $6K or $7K price point. Enter the 2004 Mustang, 6-cylinder engine and rear-wheel drive. I would look for a manual transmission on such a model; what’s the point of having a muscle car if you can’t rev the engine a bit every once in a while? Same goes for the Mazda Miata MX5, the beautiful little car that gives new meaning to the phrase “zip around” and never fails to impress with its distinctive looks. You can have a 2003 model for around $7K, perhaps a bit more in some areas.
There you have it: the possibility of owning and impressive car without having to break your bank or even save up that much money. Sounds like fun, doesn’t it? Just be sure you test drive, have it completely looked over by a mechanic, and even after all that – don’t expect too much in the way of continued longevity. But if you want to look great in a cute or hot convertible on the weekends, well then, I say go for it.