14 Best Convertibles Under $40k

2. Ford Mustang Convertible

Price: $30,696

Few can doubt the Mustang’s pedigree or its muscular looks. The popular car beat the model-T sales records when it appeared on the scene in the 1960s. The Mustang’s long hood and short deck is best shown off with a drop top version, and the convertible is the most desirable model out there. But for the humble adventurers who turn to the Mustang for sustenance, the rag-top looks expensive. The good news is that it’s less expensive than the Camaro. The latest Mustang offers more interior space, a mean looking trapezoid grill and bright, fun paint schemes. The exterior compliments the 300 hp power drive. The four-wheel disc brakes and the independent rear suspension make it a fun ride. With the 2.3 liter Ford eco-boost engine option, the Mustang generates a whopping 320 ft/lbs of torque, so the car gets off the mark quickly.