To hard-core car enthusiasts and daily drivers around the globe, the pinnacle of fantasy driving down an open road with wind in one’s hair and sun on one’s face is contained in the buying of a convertible. But to those who live on a tight budget, the age-old question rings out: Is it possible to own a convertible without splurging? The good news is that yes, there are affordable options that allow you to experience the open-air driving experience without shelling out loads of money.

What Are the Options of Affordable Convertibles?

Those hunting for cheap convertibles don’t have to give up things like fun or style. An excellent example in this group is the 2025 Mazda MX-5 Miata. Being easy to control, light, and fun to drive, the Miata is described as the classic budget roadster. Starting at around $29,530, it’s one of the lowest-cost new convertibles on the market. Its 2.0-liter inline-four produces 181 horsepower to move it and delivers a sporty but not overwhelming performance well adapted to sunny weather cruising. Its nearly perfect weight distribution and rear-wheel drive design make it pleasurable to drive on winding roads, and its optional folding hardtop feature gives everyday driving convenience.

The Mini Cooper Convertible is another powerhouse contender, and it features British charm and small size. You can get a Mini for about $34,945, and it comes with a turbo-charged 2.0-liter engine as well as a nicer interior compared to the earlier model. Because it only holds four passengers, it’s more attractive for those looking for excitement on the road with agile and boosted performance.  While more costly than the Miata, it offers you plenty of style and good functionality in a convertible.

Those interested in used cars may find the Ford Mustang EcoBoost Premium Convertible and Chevrolet Camaro Convertible with prices below $30,000. They offer big engines (between 310 to 335 horsepower) and classic American designs with the open-air feature. You could get a Ford Mustang convertible from 2022 or 2023 for around $20,000 to $25,000 and enjoy cheap, yet great performance and driving pleasure.

What to Expect from Budget Convertibles

A budget convertible buy entails settling for cost vs. amenities and comfort. Some consider the Mazda MX-5 Miata the best because it is a truly fun car with excellent handling and a light build. Even so, some drivers may find the cabin limited in space, and everyone may have to make do with very little storage, so this car is better for local drives. Having the top down in a sports car makes it slightly noisy, but this is what gives the experience its fun. 

Even though classics like the Mustang and Camaro have strength and a sporty look, they use more fuel and may need more regular maintenance. They also have larger interiors and hoods compared to compact roadsters and are therefore more convenient for regular driving or weekend getaways. Still, buying used, one should include the status of the vehicle, miles, and background so as to avoid surprise expenses. 

Practical Considerations Beyond the Price Tag

Purchasing a convertible is not just a cost factor. There’s maintenance, insurance, fuel economy, and seasonal use to factor in. Convertibles are more involved roof systems — either soft or retractable hardtops — that can translate to more to maintain in working condition. Depending on how easy it is to steal or lose something, insurance may be more costly. Fuel economy can be very different; for example, the Mazda MX-5 Miata achieves 26 MPG in the city and 35 MPG on the highway, which is quite conservative for its category, whereas muscle vehicles such as the Mustang and Camaro use much more fuel.

Seasonally, convertibles bask in the sun during good weather or spring and summer seasons. In rainier or colder regions of the country, the convenience of a convertible is sacrificed, albeit those with hardtops or improved weather sealing can extend use. Space for storage and passenger size must also be considered because many budget convertibles are two-seaters or possess scanty rear seats and cargo space.