Independence Day Weekend Brings Deals to Convertible Shoppers

Analysts from NADA Used Car Guide list best deals on drop tops this holiday weekend.

MCLEAN, VA -- July 2, 2015: As we celebrate our country's independence this 4th of July weekend, many car manufacturers plan to take advantage of the extra shopping time consumers will have over the three day holiday weekend. Financially qualified shoppers in the market for a convertible may find the summer's most celebrated holiday the best time to score great financing or lease rates.

According to Larry Dixon, market intelligence analyst at NADA Used Car Guide, "If horsepower and performance are on their requirement list, shoppers might consider 72 months of 0% financing on Chevrolet's Camaro." Dixon went on to say, "Paying nothing in interest over the life of a loan helps you reach a positive equity position sooner."

Fashion-conscious shoppers who want to drive a new soft top now and deal with making payments after summer has ended might consider a model from MINI, such as the Cooper S Convertible or Cooper S Roadster. MINI Financial Services is currently offering a 1.9% APR for 36 months with no payments for up to 90 days on both models.

Equally iconic as vehicles from MINI, Volkswagen is offering even more generous financing on its Beetle Convertible. With a 0.9% APR over the course of 60 months, qualified buyers should expect to pay $17.05 for every $1,000 they finance.

Jonathan Banks, executive analyst at NADA Used Car Guide said, "If your taste in vehicles changes often and you don't want to put any money down on a purchase, Mazda is leasing their MX-5 [Miata] roadster for 24 months with nothing down."

If the cost of buying a new convertible isn't in the household budget, shoppers might consider purchasing something in the pre-owned market. NADA Used Car Guide's June Perspective report provides several examples of luxury drop tops ― ranging from the Chevrolet's Corvette to Audi's A5 Cabriolet ― that offer significant savings when compared to new models.