Finding the Best Convertible for the Dog Days of Summer - OpenRoad Lending

Finding the Best Convertible for the Dog Days of Summer

July 11th, 2013

The dog days of summer are here. If you love the sun as much as we don, we know you might be shopping for a convertible to help you enjoy a little top-down driving fun.

To help with your warm-weather convertible search, we’re sharing info on some of the very best prices we can find to help new-car shoppers find the best deal on their next new convertible. Are you looking for something sporty, or do want to live more luxuriously? We have got an assortment of convertible cars to suit everybody’s tastes in this edition of Steals on Wheels.

Regardless of whether your preference for a convertible has you shopping for something muscular (like the Ford Mustang or Chevrolet Corvette) something uber luxurious (like the BMW 6 Series or Mercedes-Benz E-Class Cabriolet), or something super affordable (like the Chrysler 200 or Maxda MX-5 Miata), these deals offer something for every convertible car shopper’s needs. The average price paid for these open-air vehicles demonstrates a range of discounts off Manufacturer’s Suggested Retail Pricing (MSRP) equaling as much as 10.3 percent or $6,762 off these open-top cruisers. All these can be found on the OpenRoad Lending Auto Buying Service.

If you’re planning to go car shopping within the next couple weeks, keep these convertibles in mind as you do your research. If you’re able to contribute a 20 percent down payment, our data also shows what your monthly payment might be when financed for 60 months at a 3 percent APR. The included chart also shares fuel economy figures to help you compare savings at the pump, as well as savings at the dealership. And while we usually trim our list to five great deals, we’ve expanded the selection to include more choices for those looking for the best way to get a tan behind their ears.

Looking for classic American Horsepower? Consider either the Ford Mustang, or the Chevrolet Corvette.

The four-seat Ford Mustang boasts 420 horsepower from its 5.0-liter V-8 engine and starts with a Manufacturers Suggested Retail Price (MSRP) of $36,545, but its average price is $3,781 lower at $32,764; that’s a potential savings of 10.3% off the suggested MSRP of this popular pony car. Put down a 20% deposit, and with a 3 percent APR, your monthly payments could equal about $471 (not including sales tax, fees, or any other fees).

The two-seat Chevrolet Corvette in 4LT trim boasts 430 horsepower from its 6.2-liter V-8 engine and starts with an MSRP of $67,090, but its average market price is a whopping $6,606 lower at $60,484; that’s a potential savings of 9.8% off the suggested MSRP of this classic American convertible.

Want something more luxurious? Then consider either the BMW 650i, the Infiniti G37, the Volvo C70 Inscription, or the Mercedes-Benz E350.

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