Best Deals on Convertibles for Summer Fun - OpenRoad Lending

Best Deals on Convertibles for Summer Fun

Summertime is just about upon us, and if you’re one of those who loves to drive topless in the warm sun, we know you might be shopping for a convertible to help you enjoy those summer rays.

As a resource for researching new car pricing, we’ve got the data you need to help you find a great buy. To help with your summertime 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.

It doesn’t matter where you live, these “Steals on Wheels” deals are available on OpenRoad Lending Auto Buying Service and demonstrate potential savings on new cars based on the possible discount from the Manufacturers Suggested Retail Price (MSRP). These steals may feature manufacturer’s rebates and cash incentives, or may also include special leasing offers, depending on what our data shows to be the greatest opportunities for savings for new car shoppers in the upcoming weeks. These “Steals on Wheels” deals are especially attractive because the average price paid on these convertibles demonstrates discounts off MSRP as great as 9.9%.

Regardless of whether your preference for a convertible has you shopping for something muscular (like the Chevrolet Corvette) or something luxurious (like the Mercedes-Benz E-Class Cabriolet) these deals offer something for every new-car shopper’s needs. The average price paid for these sun lovers’ delights demonstrates a range of discounts off Manufacturer’s Suggested Retail Pricing (MSRP) equaling as much as $5,484 off these open-top cruisers.

If you’re planning to go car shopping within the next couple weeks, keep these new 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 not just savings at the dealership but savings at the pump, as well.

1) The best potential deal on this week’s list of convertibles is the Chevrolet Corvette. Boasting 430 horsepower from its 6.2-liter V-8 engine, the Corvette starts with a Manufacturers Suggested Retail Price (MSRP) of $55,595, but its average price is a whopping $5,484 lower at $50,111; that’s a potential savings of 9.9% off the suggested MSRP of this American favorite. Put down a 20% deposit, and with a 3 percent APR, your monthly payments could equal about $720 (not including sales tax, fees, or any other fees).

2) The Nissan Murano CrossCabriolet features wacky convertible styling that is loved by some and hated by others, but it’s certainly more likeable with a potential discount of up to 7.1 percent. That translates into a possible savings of as much as $3,052, bringing the MSRP of Nissan’s unusual convertible crossover utility vehicle from $42,840 down to an average price of $39,788, or about $572 per month after a 20% deposit.

3) Certainly the most luxurious vehicle on this list of great convertible deals is the Mercedes-Benz E-Class. A potential 7.0 percent discount off the $59,975 MSRP equals a potential savings of $4,203 and an average price paid of $55,772 (or a whopping $802 per month) for this two-door luxury convertible.

4) Bringing both sporty performance and stylish luxury to this edition of “Steals on Wheels” is the Infiniti G37 convertible: With an MSRP of $48,805, the G37’s potential savings of 6.8 percent translates to $3,334 — bringing the average price paid for Infiniti’s lovely convertible down to $45,571 or about $654 per month after a 20% down payment.

5) Chrysler is the most affordable vehicle on this list with its convertible 200. A potential discount of 6.1 percent off its $28,320 MSRP equals a potential savings of $1,729 or an average price of about $26,591 — or just about $382 monthly. Add in great fuel economy of 19 miles per gallon city, 29 highway, and 23.4 combined, and this deal is hard to beat.

6) Mazda’s MX-5 Miata finishes off our list of great convertible deals. There is much to love about this two-seat favorite, including a hard top that automatically folds into the trunk, and a 5.4 percent discount off its $31,145 MSRP, equaling a potential savings of $1,670 or an average price of $29,475. That all adds up to an affordable $424 monthly payment for 60 months.

Steals on Wheels:  May 1 to 14, 2013

Year Make Model Trim

MSRP / Average Paid*

Est. Monthly Payment**

$ Savings / % Savings

City / Hwy / Comb MPG

2013 Chevrolet Corvette Convertible w/1LT

$55,595 / $50,111

$720

$5,484 / 9.9%

16 / 26 / 20.3

2014 Nissan Murano CrossCabriolet AWD 2dr Convertible

$42,840 / $39,788

$572

$3,052 / 7.1%

17 / 22 / 18.9

2013 Mercedes-Benz E-Class Cabriolet E350 RWD

$59,975 / $55,772

$802

$4,203 / 7.0%

19 / 28 / 23.1

2013 Infiniti G37 Convertible Base

$48,805 / $45,471

$654

$3,334 / 6.8%

17 / 25 / 20.6

2013 Chrysler 200 2dr Convertible Touring

$28,320 / $26,591

$382

$1,729 / 6.1%

19 / 29 / 23.4

2013 Mazda MX-5 Miata Convertible Hard Top Auto Grand Touring

$31,145 / $29,475

$424

$1,670 / 5.4%

21 / 28 / 24.3

*Average paid is estimated based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change, but does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees, or any other charges or fees allowed by law. **Estimated monthly payments are based on a 3% APR for 60 months with 20% down on the current market average price, and excludes sales tax and other fees and charges that may vary by region or state. Actual APR may be subject to credit approval and other factors. These examples are for information purposes only, and are not an offer to lend. See your dealer/lender for details, including actual available offers.

 

Ready to Go Shopping for a New Car?

Each edition of “Steals on Wheels” demonstrates potential savings on new cars based on the possible discount from the Manufacturers Suggested Retail Price (MSRP). Keep in mind, each edition of “Steals on Wheels” may include potential savings from such special offers as manufacturer’s rebates, cash incentives, or special leasing offers, which helps place them among the greatest opportunities for savings for new car shoppers over the upcoming weeks. As always, here are some really important things to keep in mind, such as:

• Incentives and leasing programs are subject to change and should be confirmed with your dealer.

• Deals are limited to inventory on hand. Your OpenRoad Lending Certified Dealer must confirm that actual inventory, including your preferred options and colors, is in stock.

• Average Paid is based on the national average of recent vehicle transactions, including destination and delivery charges after incentives that are subject to change, but does not include tax, title, licensing, documentation or processing fees, other state and governmental charges and/or fees, or any other charges or fees allowed by law. This is a national average, so you might find better pricing based on sales in your local area at OpenRoad Lending. Be sure to visit the OpenRoad Lending Auto Buying Service to view local pricing on any car and to be connected with your local Certified Dealer who will provide you pricing information for the vehicle you are researching.

• We highlight the top discounts (this week on convertibles) off the MSRP by the particular trim level, since potential discounts can vary greatly between the trim levels. So for this week, the Chevrolet Corvette with 1LT trim (for example), was the most highly discounted trim of the entire Corvette lineup in relation to its MSRP, and was a high enough discount to make our list.

Once you’ve chosen your desired vehicle, why not connect with one a Program Certified Dealers to ensure a fast and convenient car-buying experience? Go to https://www.openroadlending.com/resources/auto-buying-service/ to see how much you could save. Be sure to look for the best financing options as well. Online lenders typically offer the best car loan rates and terms to fit your needs. The process is quick and you can usually get approved with a check in hand in a couple

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