Top 10 Summertime Toys
Buying a car purely as a personal indulgence may be more within reach than you think. The article list of Top 10 Summertime Toys includes racy convertibles that start at about $20,000 and go up to more than 10 times that.But exactly how much wealth do you have to amass before you can safely justify purchasing even a moderately priced convertible purely for the sake of enjoyment?
First, have enough money invested to fund your retirement until at least age 95, possibly even longer, says John Wasik, personal finance columnist and author of The Merchant of Power. “If a dream car purchase puts you into debt, then it's unwise,” he says. “Financing a depreciating asset is always a bad idea, but if a sports car makes you feel alive and you aren't financing the thrill with money you'll need later, then by all means you should put the pedal to the metal.”
We’ve concocted a list of entertaining convertibles in a wide range of prices that serve as rolling rewards for a life well lived. Far from being rational choices, ragtops convey a sense of freedom and emotion that no other vehicle can offer, which makes them popular choices as personal extravagances.
If price is a primary concern, there are affordable convertibles like the Mazda MX-5 Miata and Pontiac Solstice, both of which made our top 10 list of summer reward cars. Mid-range drop-tops like the BMW Z4 and Mercedes-Benz SLK-Class step up the luxury and performance without busting a decent-sized budget. Then there are special roadsters like the Dodge Viper SRT10, Ferrari F430 Spider and extremely rare Spyker C12 LaTurbie, an automotive testament to one’s net worth and, perhaps, need for attention.
An Emotional Choice
A car can speak volumes about its driver, says Dr. Charles Kenny, a psychologist who has conducted research for the likes of General Motors, Nissan and Toyota. He says that most car purchases fill an emotional need, whether the buyer cares to admit it or not.“Single women do not usually want to drive four-door sedans, no matter how nice or how luxurious,” says Kenny, who is president of psychology firm The Right Brain People. “They feel that driving a four-door car says to others that they are committed, taken, settled down and are older and stodgy.”
On the other hand, those who buy ultra-luxury models might expose a need for status and uniqueness, while sports car owners may seek to impart youthful exuberance and rejuvenation. “Buying, owning, being seen in and driving fast, exciting sports cars is a way for people to reassure themselves and tell others that they can in fact be in control of their impulses — like driving too fast and doing almost anything else you can imagine to excess — while still having fun, escaping and expressing themselves,” Dr. Kenny says.
Though research shows that some drop-tops, like Volkswagen’s New Beetle Convertible, tend to have a higher percentage of female buyers, the quickest and costliest convertibles attract more of a testosterone-fueled following. See our feature on the Top 10 Luxury Vehicles Driven by Men for more on this topic.
“Men are drawn to higher-priced, ‘performance’ cars, with 41 percent citing looks and design as a key consideration,” says Doug Scott, Senior VP at the market research firm GfK Automotive. Women, on the other hand, want more conservative, value-oriented models that are fun yet affordable and practical, he says.
Chicago attorney Kathleen Zellner bucks the trend. As an avid car buff, her personal fleet currently includes a 2003 Mercedes-Benz SL55 AMG and a 2006 Porsche 911 Turbo. In a reluctant nod to practicality, as well as to her husband’s bird-hunting hobby, she also drives a Lexus LX 470 SUV.
“Driving sports cars is one of the things I’ve done to reward myself — it’s where I’ve allowed myself to be extravagant in an otherwise extremely disciplined and structured life,” Zellner says. “Plus, it’s a way to stand out in what is a male-dominated business — I like to show the guys I’m every bit as skilled a driver as they are, and probably more so.”
Renting Versus Owning
Fortunately for those who can’t afford (or can’t justify buying) a costly sports car, a growing rental market for upscale rides can help even those with more moderate salaries scratch the itch to feel affluent for a day.
For example, Altitude Dream Cars in Denver, Colo., will rent you a Lotus Elise for as little as $299 a day, or a Porsche Boxster for $349. If you want to make the ultimate impression, a Lamborghini Gallardo will set you back a staggering $1,395 for a 24-hour period. Still, that’s around $179,000 less than actually buying one to impress the former homecoming queen at your high school reunion. Click here to read more about exotic car rentals.
Regardless of how much you spend on a flashy, fun roadster, owning or even just renting one is a great reward. “Driving a good car is one of the few things in my life that I don’t overanalyze and worry about,” Zellner says. “It’s just something I enjoy.”
To make this list, cars had to be convertibles with only two seats. We left out four-seaters because of their bias toward practicality under the premise that two-seat roadsters make no such pretenses — they’re the embodiment of automotive style and encourage driving purely for the sake of enjoyment. The list reflects ForbesAutos editors’ subjective opinions based on collective reporting and test-drives.
10. Most Underrated Roadster

2007 BMW Z4
MSRP: $36,400 - $52,100
The Z4 carries all the visceral appeal of classic European roadsters, yet it tends to get lost in a crowded market. It's extremely satisfying to drive, practical enough for daily use and surprisingly calm with the top down.
Everything about the Z4 warrants a closer look, whether in the quick 215-hp 3.0i, quicker 255-hp 3.0si or quickest 333-hp M Roadster version, each of which delivers progressively sharper handling.
9. Best Budget Ragtop

2007 Mazda MX-5 Miata
MSRP: $20,500 - $26,520
A modern version of the classic roadsters from the 1960s and '70s, the MX-5 Miata remains one of the most entertaining rides at any price. An optional power retractable hardtop keeps the fun rolling when the temperature dips.
The MX-5 Miata packs a lively, 170-hp 2.0-liter four-cylinder engine with a short-throw six-speed manual gearbox among its three transmission choices. It also hugs corners like few others, making it a real value in terms of driving enjoyment per dollar.
8. Best Flash for the Cash

2007 Pontiac Solstice
MSRP: $21,500 - $27,115
Though not quite as polished as the Mazda MX-5 Miata, the two-seat Pontiac Solstice delivers exotic-car curb appeal thanks to curvaceous, low-slung styling. But don't expect a lot of storage space.
The base Solstice backs up its good looks with decent performance from a peppy 177-hp four-cylinder engine. The turbocharged 260-hp GXP version is more satisfying.
7. Most 'Affordable' Luxury Roadster

2007 Mercedes-Benz SLK-Class
MSRP: $43,350 - $62,500
Combining elegant styling and deft German engineering, the SLK doesn't force you to compromise comfort and luxury — even in cooler months. A retractable power-operated roof makes it a true four-season convertible.
Buyers can choose from 228-hp and 268-hp V6-equipped models, as well as the hot-blooded SLK55 AMG that features a burly 355-hp 5.4-liter V8 engine shoehorned under the tiny hood.
6. Best Car for Weekend Racers

2007 Lotus Elise
MSRP: $46,270
The diminutive Elise looks and acts like it belongs on a racetrack more than a roadway. Lightweight aluminum construction allows this two-seater to wring maximum velocity out of its 190-hp 1.8-liter Toyota-sourced engine and hit 60 mph in just under 5 seconds.
Serious racers should opt for the $2,495 Track Pack, which includes Bilstein dampers, an adjustable front sway bar, a rear control-arm brace and provisions for a bolt-in harness bar, all designed for hardcore track driving.
5. Best Modern Classic

2007 Chevrolet Corvette Convertible
MSRP: $52,590
The Chevrolet Corvette is the quintessential American sports car; anyone who grew up during the '50s, '60s or '70s probably lusted after a 'Vette. Now is a great time to get one — the current version is arguably the best ever, yet it stays true to the original.
A 400-hp 6.0-liter V8 engine catapults the Corvette to 60 mph in 4.5 seconds. Besides grinning on the straights, you'll smile when the roads turn twisty thanks to its tight suspension. A burly exhaust sound and coarse nature keep that classic muscle-car persona alive.
4. Best Brute

2008 Dodge Viper SRT10
MSRP: $85,000 (estimated)
With its 600-hp V10, firm suspension, massive wheels and minimalist cockpit, the aggressively styled Viper SRT10 is all about visceral appeal and raw performance. It makes no apologies for its brutish nature, which can definitely be intimidating.
Its 8.4-liter V10 engine generates enough muscle to catapult the Viper to 60 mph in less than four seconds, while bulked-up brakes will bring it back to a standstill from that speed in just 100 feet.
3. Best Attention Getter

2007 Ferrari F430 Spider
MSRP: $192,484
Few cars scream excess and sex appeal more loudly than a red Ferrari. The F430 Spider is currently the only Ferrari with a drop-top. Though engineered for speed, it's actually comfortable for casual cruising, too.
Like a work of art, the F430's mid-mounted 4.3-liter V8 engine sits beneath a glass cover. It's not just for show, though, and generates 490 hp for a 0-60 mph time of around 4 seconds.
2. Best Display of Wealth

2007 Spyker C12 LaTurbie
MSRP: $345,625
We're hard pressed to find a car as rare and impressive as the Spyker C12 LaTurbie, which hails from Holland and could make a Porsche seem mundane. The workmanship of its interior is stunning, with aeronautical details that evoke the company's history of building planes.
Hand-built in limited numbers, this dramatically sculpted Dutch treat exploits a mid-mounted, Audi-sourced 500-hp W12 engine to register a 3.9-second 0-60 mph time and a wildly illegal top speed of 196 mph.
1. Best All-Around Performer

2007 Porsche Boxster
MSRP: $45,600
With classic, uncluttered styling, a comfortable interior, commodious cargo space and stellar performance, the Porsche Boxster excels in every aspect. Thoughtful design — like not one, but two trunks and an easy-to-use top — make it practical enough for daily use.
The base model is more than fast enough, with its 245-hp 2.7-liter six-cylinder engine behind the seats. The S version takes performance to a higher level with a 3.4-liter 295-hp six-cylinder. Also key to the Boxster's appeal is long-standing reliability.
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