The Best Cheap Convertible: What To Buy Now Without Overspending

The Mazda MX-5 Miata is the best cheap convertible for most buyers, thanks to its low purchase price, outstanding reliability, and unmatched driving fun; if you need four seats, the Ford Mustang Convertible is the strongest budget-friendly alternative. Below, we explain why these models lead the pack, outline comparable new and used options at different price points, and show you what to check before you buy.

How we define “cheap” and how we judged

“Cheap” here means strong value at the lowest practical prices in today’s market, whether new or used. We prioritized total cost of ownership (purchase price, maintenance, repairs, insurance, and fuel), reliability records, availability, safety features, and the essential convertible experience: easy roof operation and open-air fun.

The best cheap new convertibles you can buy now

If you want a brand-new drop-top with a factory warranty and modern safety tech, these models offer the best value per dollar and are widely available from dealers.

• Mazda MX-5 Miata (soft top) — Around the low-to-mid $30,000s new, the Miata is light, engaging, manual-transmission friendly, and historically one of the most reliable convertibles. Downsides: tiny trunk and two-seat layout.
• Ford Mustang Convertible (EcoBoost) — Generally around the high $30,000s to about $40,000 new. It seats four, cruises comfortably, and delivers strong turbo power. Expect higher insurance and running costs than a Miata.
• Mini Convertible — Typically mid-to-high $30,000s. Big on style and city-friendly size, with playful handling. Rear seats are tight and options can inflate price; reliability is average if maintained on schedule.
• Jeep Wrangler (soft top) — Base models in the low-to-mid $30,000s bring open-air freedom with removable soft tops and doors. It’s not a sports car—expect more wind noise, a bouncier ride, and higher fuel costs—but it’s the most versatile roof-off option.

Among new cars, the Miata is the clear all-rounder for enthusiasts on a budget. If you regularly carry passengers, the Mustang Convertible is the best four-seat value; the Mini suits style-focused urban drivers; the Wrangler trades precision for go-anywhere openness.

The best cheap used convertibles by budget

Under $10,000

At this price, condition and maintenance history matter as much as the badge. Focus on mechanically simple cars and plan for immediate service and tires.

• Mazda MX-5 Miata (NB 1999–2005; early NC 2006–2015 high miles) — Still the safest bet for dependable fun. Check for rust in sills/rockers and around the rear wheel arches.
• Mercedes-Benz SLK (R171, 2005–2011) — Metal folding hardtop; look for full service history. Be alert to balance shaft issues on certain V6s (M272), roof hydraulics, and aging electronics.
• BMW Z4 (E85 2003–2008) — Good dynamics and classic roadster feel. Inspect for oil leaks, cooling system upkeep, and roof motor water intrusion on earlier cars.
• VW Beetle Convertible (2013–2019, higher miles) — Practical and cheerful; verify top condition and look for oil consumption or timing-chain history on earlier 1.8/2.0 TSI engines.

Below $10k, a well-kept Miata is usually the least risky. Luxury hardtop convertibles can be tempting, but budget for potential roof or electronics repairs.

Under $15,000–$20,000

This bracket opens up newer platforms and safer picks with modern amenities. Prioritize documented maintenance and avoid flood or accident cars.

• Mazda MX-5 Miata (NC 2006–2015; early ND 2016–2018 higher miles) — A sweet spot for value, with more refinement and power.
• Ford Mustang Convertible (2015–2017 EcoBoost or V6) — Big cabin, strong performance. Confirm maintenance on the turbo models and inspect the roof mechanism.
• Audi A3 Cabriolet (2015–2019) — Premium feel and usable rear seats. Ensure DSG services are current, check for leaks, and scan for fault codes.
• Lexus IS 250/350 C (2010–2015) — Heavy but extremely well-built hardtop convertible; a standout for reliability if you find one with records.

For balanced running costs and longevity, a later Miata or a Lexus IS C is hard to beat; Mustangs add space and power if you accept higher insurance and fuel bills.

Up to $25,000–$30,000

Here you’ll find low-mile enthusiast cars and more refined luxury options. A pre-purchase inspection (PPI) is essential before committing.

• Mazda MX-5 Miata (ND 2016–2023) — The benchmark: light, efficient, and joyous to drive. Later updates improve infotainment and safety tech.
• Mini Convertible (2016–2023) — Newer examples with warranty coverage available; verify service intervals and watch for option-heavy pricing.
• Chevrolet Camaro Convertible (2016–2023) — Strong performance and value as supply improves after the model’s discontinuation new; verify accident and track use history.
• BMW 4 Series Convertible (F33, 2014–2020) — Comfortable highway cruiser with a folding hardtop. Check timing-chain history on early four-cylinders (N20/N26), roof operation, and electronics.

In this range, a low-mile ND Miata remains the safest long-term bet. If you crave refinement and highway comfort, the BMW 4 Series or a later Camaro can be compelling with the right inspection.

What to inspect before you buy any cheap convertible

Convertibles add weather sealing and roof mechanisms to the usual used-car checklist. A careful inspection can save thousands in repairs down the road.

1. Roof condition and operation — Look for tears, worn seams, fogged or delaminating rear windows. On hardtops, test the full cycle and listen for hydraulic strain.
2. Leaks and moisture — Check carpets, trunk, and under-seat areas for dampness, mildew smells, or corrosion in fuse boxes and modules.
3. Rust and structure — Inspect sills/rockers, wheel arches, and subframes. Miatas are prone to sill rust; older BMWs can have shock tower and subframe issues.
4. Accident history — Look for panel gaps, overspray, and uneven tire wear. Pull a vehicle history report and get frame alignment checked.
5. Known powertrain issues — Research model-specific faults (e.g., BMW N20 timing chains, Mercedes M272 balance shaft sprockets, VW TSI timing chains, carbon buildup on DI engines).
6. Tires and suspension — Uneven wear suggests alignment or bushing issues. Budget for new tires if older than six years.
7. Insurance costs — Get quotes in advance; convertibles can be rated higher, especially for younger drivers.
8. Pre-purchase inspection (PPI) — Have a specialist inspect the car; it’s the best money you’ll spend.

Because roof repairs can be expensive, prioritize cars with dry interiors and fully functioning tops, then weigh any needed maintenance against the asking price.

Costs to consider beyond the sticker price

Owning a convertible adds a few line items you might not expect. Plan ahead to avoid surprises.

• Roof-related costs — Soft tops can cost roughly $1,000–$2,000 to replace; complex hardtop repairs can run several thousand dollars.
• Seasonal needs — Budget for all-season or winter tires if you’ll drive year-round; convertibles can be noisier and may benefit from fresh weather seals.
• Insurance, fuel, and taxes — Sportier models may carry higher premiums and fuel bills; on older premium cars, parts costs can exceed economy-car norms.

Total cost of ownership often favors simpler, lighter cars like the Miata; premium-brand convertibles can be affordable to buy but pricier to keep.

Which one should you buy?

If you want pure driving joy and the lowest ownership costs, pick the Mazda MX-5 Miata. Need four usable seats and an effortless highway cruiser? Choose the Ford Mustang Convertible. Value style and city-friendly size? The Mini Convertible fits. Want open-air adventure over sports-car handling? The Jeep Wrangler’s removable top delivers. For used luxury without drama, a well-maintained Lexus IS C or a carefully inspected BMW 4 Series can be satisfying long-term.

Summary

The Mazda MX-5 Miata is the best cheap convertible overall, combining affordability, reliability, and unmatched fun. For four-seat practicality at a reasonable price, the Ford Mustang Convertible is the top choice. Shoppers on tighter budgets will find strong value in used Miatas, Mustangs, and select premium models—provided they pass a thorough inspection, especially of the roof and for water intrusion. Decide how you’ll use the car, set a firm budget for maintenance, and buy the cleanest, best-documented example you can find.

What is the cheapest convertible car in 2025?

The 2025 Mazda MX-5 Miata is the cheapest new convertible available for 2025, with a starting MSRP below $30,000, making it an affordable and fun sports car choice. Other relatively affordable options include the Ford Mustang, MINI Convertible, and the Chevrolet Camaro, though their prices are higher than the Miata. 
Most Affordable Convertible 

• 2025 Mazda MX-5 Miata: The Miata consistently ranks as the cheapest new convertible, offering a bargain for a drop-top sports car with lively handling and excellent driving dynamics.
  • Starting Price: Around $29,330 to $30,765, depending on the source.
  • Pros: Fun to drive, responsive steering, comfortable ride, good fuel economy.
  • Cons: Small cabin and trunk.

Other Affordable Convertibles

• 2025 Ford Mustang: Opens in new tabA more powerful and feature-rich American muscle car, but with a higher starting price than the Miata. 
• 2026 MINI Convertible: Opens in new tabA stylish and well-equipped choice that offers a different kind of fun compared to the Miata and Mustang. 
• 2025 Chevrolet Camaro: Opens in new tabAnother value-focused American muscle car that provides iconic styling and powerful engine options. 

Key Considerations

• Price vs. Total Cost: While the Mazda Miata has the lowest purchase price, you should also consider the total cost of ownership, including fuel efficiency, insurance, maintenance, and residual value, according to iSeeCars.com. 
• Leasing: Leasing can be a great way to get into a convertible, with deals available on models like the Mustang and Miata, notes TrueCar. 

What is the most reliable used convertible car?

The Mazda MX-5 Miata is consistently rated as one of the most reliable used convertibles due to its simple, dependable mechanics and low maintenance costs. Other reliable choices include models like the BMW 2 Series convertible, Ford Mustang convertible, and Audi A5 Cabriolet, all of which offer good reliability and modern features. For a classic option, the Honda S2000 is a highly reliable two-seater. 
Reliable Convertible Options

• Mazda MX-5 Miata: Opens in new tabKnown for its dependability, low running costs, and simple design, the Miata is a consistently top choice for a reliable used convertible. 
• BMW 2 Series Convertible: Opens in new tabThis luxury convertible is recognized for its sturdy construction and good reliability scores, making it a dependable option for luxury buyers. 
• Ford Mustang Convertible: Opens in new tabThe iconic American muscle car is also a reliable choice, offering strong engine performance and a respectable record for durability. 
• Audi A5 Cabriolet: Opens in new tabA reliable luxury option, its electric fabric roof can operate at speeds up to 31 mph, and it features a premium interior with modern technology. 
• Honda S2000: Opens in new tabThis older two-seater roadster from 2009 is highly reliable, boasting a high-revving engine and agile handling. 

What to Look for When Buying
When purchasing any used convertible, it’s crucial to inspect the roof for proper operation and check for leaks or damage. Also, look for signs of wear on the body and paint, and ensure all electrical components are working correctly, as mentioned by Carousel Preowned.

What convertible holds value best?

Best Resale Value Convertibles for 2025

• Mazda MX-5 Miata.
• FIAT 124 Spider.
• Mazda MX-5 Miata RF.
• MINI Convertible.
• Chevrolet Camaro (convertible)
• Ford Mustang (convertible)

What is the best second hand convertible to buy?

Best used convertibles and cabriolets of 2025

• Audi TT Roadster. 8/10.
• Mercedes-Benz E-Class Cabriolet. 8/10.
• BMW 4 Series Convertible. SALE.
• Audi A5 Cabriolet. 7/10.
• BMW 2 Series Convertible. 7/10.
• Ford Mustang Convertible. 7/10.
• MINI Convertible. 7/10. MINI Convertible review.
• Fiat 500C. 6/10. Fiat 500C review.