Driving a convertible car has always been a symbol of style and sophistication. New convertibles are often pricey, so used convertible cars are a smart choice, but what’s the best model to go for? We’ll help you determine the best options for you. From hardtops to soft tops, we'll point out what to look for when buying a used convertible, and we’ll make the process a little easier for you.
Why Buy a Used Convertible?
Advantages of Used Convertibles
Besides the cost savings, there are several advantages to buying a used convertible:
- Reduced depreciation: Most cars depreciate the fastest during their first year on the road. As the car has already begun depreciating, the rate will be much lower and you won’t lose as much money if you decide to resell further down the line.
- Better model for less: As the car is much cheaper than a new one, you might be able to afford a better model with more features.
- Lower insurance: Used car insurance tends to be lower, so you could save on your insurance premium.
- Reliability: As the car has already been on the road, if you do your research, you should be able to choose a model with proven durability.
Cost Savings Compared to New Models
Used convertible cars are cheaper than new ones, but why? Besides the depreciation factor, one of the reasons is because of the potential costs associated with roof repairs. Mechanics can be wary about dismantling the frame, so they will instead prefer to replace the whole thing, which can cost thousands of dollars.
That said, there is often a huge difference in prices between used and new convertibles that can be up to tens of thousands of dollars. In addition, taxes, registration fees and insurance premiums are often cheaper too. In addition, financing the car will also be less costly because the loan amount is lower.
Top Used Convertible Cars to Consider
Most Reliable Used Convertibles
- Mazda MX-5: This was the world’s best-selling sports car when it first came onto the market. It has low running costs and soft suspension. Both the fabric and hardtop roof options of this compact two-seater are known for their reliability.
- Audi A5 Cabriolet: This car’s electric fabric roof can collapse in just 15 seconds. It also operates at speeds up to 31 miles per hour. Its interior is spacious and has the premium Audi feel with lots of integrated technology.
- Porsche 718 Boxster: This is one of the least expensive used Porsche cars you can own. It offers a high-end feel with sporty performance, thanks to its four-cylinder engine.
- Ford Mustang Convertible: The iconic Ford Mustang comes in a pretty reliable convertible version. Beyond its iconic look, it has strong engine performance and is known for its reliability.
Best Budget-Friendly Convertible Cars
- Chevrolet Camaro Convertible: This convertible offers retro style with excellent performance. Its iconic design can be purchased for under $22,000.
- MINI Convertible: The MINI’s compact dimensions make it very easy to drive. The electric roof also goes up and down in 18 seconds. You can purchase one for under $16,000.
- Toyota Camry Solara Convertible: This reliable, yet comfortable convertible can be bought for under $10,000. Although no longer in production, they are still highly rated.
- Volkswagen Beetle Convertible: This iconic car is a comfortable ride and easy to maintain. It can be purchased for under $16,000.
High-Performance Used Convertibles
- Chevrolet Corvette: The convertible Chevrolet Corvette offers exhilarating power thanks to its V8 engines. It also has impressive acceleration and super handling.
- BMW 4 Series Convertible: These used convertibles come with either a fabric drop-top or a metal folding roof. It is known for its sharp handling and powerful performance.
- Jaguar F-Type Convertible: This elegant car is highly desirable. This soft top comes with three engines offering impressive performance: a turbocharged four-cylinder or supercharged V6 and V8.
- Mercedes SL Roadster: This car combines performance with luxury and can go at high speeds. The powerful engines come in V8 and V12 options.
Hardtop vs. Soft Top Convertibles
Pros and Cons of Hardtop Convertibles
Hardtop convertibles offer the convertible experience but also a hardtop roof where needed. Here are some of the pros and cons:
Pros
- Security: Hardtop convertibles are harder to break than soft tops. They also provide sturdier protection in case of a crash and it has stronger structural integrity.
- Weather protection: Hardtops are less prone to leaks than soft tops, and are also more comfortable in extreme heat.
- Noise: Hardtops are much quieter than soft tops when driving.
- Lifespan: Hardtops tend to be more durable than soft tops, so they have a longer lifespan on average.
- Resale value: Hardtops usually have a higher resale value than soft tops because of their enhanced safety and security.
Cons
- Costs: Hardtops are generally more expensive than soft tops because their roof mechanism is more complex. They are also more expensive to repair and may require a specialized mechanic.
- Complex: The complexity of a hardtop roof means they are more prone to issues. This means they are slower to operate than soft tops. The weight of the hardtop roof can also affect the car’s fuel efficiency and performance.
- Less storage: The hardtop roof may take up valuable storage space.
Pros and Cons of Soft Top Convertibles
Soft top convertibles are the most traditional choice, but they also have their pros and cons.
Pros
- Cheaper: Soft top convertibles have simpler roofing mechanisms, meaning they are usually cheaper than their hardtop counterparts. They are often cheaper to maintain because they have fewer moving parts.
- Lightweight: Soft tops are more lightweight than hardtops, which leads to better fuel efficiency. This also results in quicker acceleration and improved handling.
- Speed: Soft top roofs can come down in seconds.
- Storage space: Softtops have better trunk space when the roof is up.
Cons
- Less secure: Soft tops are easy to cut or break, meaning they are more prone to theft.
- Noise: There is less noise protection when the roof is up because it is not as thick.
- Weather: Soft tops offer less insulation from the heat or cold. They are also more prone to damage from environmental factors and harsh weather, sometimes even leaking in snow or rain.
- Structural integrity: Soft tops are usually made from fabric or vinyl, meaning they may need to be replaced often and can degrade over time. They are also more susceptible to damage from trees and other debris.
What to Look for When Buying a Used Convertible
Key Inspection Tips for Buyers
Most issues with used convertible cars are with their roofs, so you should check that everything is in the right place.
Check that the trunk closes and that there is a bag where the mechanism can fold. You should also check that it locks into place. After that, check the car’s dashboard to see if any warning lights are flashing. You should also check the car’s fuses, as this may affect the roof’s ability to open and close.
If you are inspecting a soft top, look for tears, check for leaks and examine the seals. You should also check the condition of the rear window in case it needs to be replaced.
Common Issues to Watch Out For
Again, most issues with convertible cars are associated with the roof. So you should check for rips and tears, and also that the mechanism is working properly.
As with all used cars, it’s recommended that you check its Vehicle History Report in case of any issues with the title or insights into previous accident history. It is also recommended that you get the car checked by a mechanic before making an offer.
Maintenance Costs and Considerations
If you have a soft top convertible, it is recommended that you keep it in the garage or get a cover to protect it. Exposure to the elements can cause mold growth, block up drain holes and introduce water inside of your car. It is also advised to clean them at least twice a year with a car shampoo and to ensure that joints and locking points are lubricated often.
If a soft top needs to be replaced, this can be up to $2,500, whereas the replacement of a hardtop can cost considerably more. That said, softtop convertibles require regular waterproofing treatments that typically cost around $200.
In addition, convertibles are more susceptible to suspension wear because they tend to have a more flexible body, which can wear on the suspension components. The interior upholstery can require more upkeep too, as long exposure to the sun can cause fading and cracking.
Insurance and Resale Value Considerations
Insurance premiums for used convertibles can be up to 20% higher than their standard counterparts because of repair considerations for their roofs. That said, if you have a good driving history and your car has up-to-date safety features, this can lower the cost of your premium.
Resale value can differ depending on many factors. Luxury and classic models tend to hold their value better than mainstream models. For standard convertibles, they unfortunately usually depreciate faster because of seasonal demand and niche market appeal. This is also combined with concerns with the roof and mechanics. However, as with all used cars, this can be mitigated if the car is well-maintained.
Buying a used convertible can save you significant money on the price of a new one. If well-maintained, they can be a great investment. That said, regular maintenance, especially to the roof and mechanical parts, is essential to driving a used convertible for the long term.