Dan writes:

Hi Sajeev and Steve,

I’m a longtime TTAC reader and I was hoping you guys could give me a bit of advice about an upcoming car purchase. I recently graduated college, and with no debt to pay off and a fairly good income I’m looking to get myself a second car. My current car is a 2000 Mercury Grand Marquis in incredible shape with around 130k miles on it, It currently has some minor powertrain and suspension mods as well. I have no plan on getting rid of this car, as it has quite a bit of useful life left in it and is extremely practical. I’d like to keep it as a winter car/possible project car, and the residual value of it (~3kish) is low enough that it doesn’t make sense to trade in. However, having wanted a sports car since I started driving, I’d like to go ahead and get one now that I’m in a position to do so.

My (possibly strange) requirements are as follows:
1. It must be fun and engaging to drive
2. It must be blue
3. It should be a convertible, preferably a 2 seater (I’m open to a fixed roof car as well, but would prefer a convertible)
4. Must be either a manual transmission or a dual clutch
5. I would prefer that it be a rear wheel drive vehicle
6. Fuel economy is a non-issue so long as it gets above 20 mpg highway
7. I don’t mind some maintainance, but I would like something thats fairly reliable and not TOO expensive to maintain (I don’t expect panther-like reliability but, for example, $1500 spark plug changes on a Boxster would be a bit much)

I can spend a max of $30-32k on it, but ideally I’d like to keep it ~$25k. I’ve looked at a new Miata, Mustang GT (Convertible is rather pricey), and the Genesis coupe (it’s not a convertible but I liked the looks and interior enough that I’d consider it). I’ve also given some thought to the following (newer, low mileage) used cars: Honda S2000 , Mazda Miata, Porsche boxster(mentioned above), BMW Z4, and a co-worker of mine also mentioned that I might consider a C5 corvette as well. I think they’re all great cars, and each has its own strong/weak points. The S2000 and the Miata are probably the most serious contenders, but I’m trying to keep my eyes open. I’m torn as to what I should get, and I’m also wondering if there’s any cars that I missed that are worth looking at.

Please let me know what you guys think, I’d love to hear back from you on this.

Sajeev answers: (Read More…)