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deals of the week

While convertibles may not be the most practical choice for Canadians, few things can beat a summer cruise with the top down and music up, even if you can only do this for a few months a year. There is a resurgence happening in the most unlikely of vehicle segments in Canada – roadsters and convertibles.

The Ford Mustang was completely redesigned for the first time in a decade in the 2015 model year and sales have been on a tear ever since. Mazda released the fourth generation of its iconic MX-5 Miata in the 2016 model year and has more than doubled unit sales so far this year. And Fiat is poised to reintroduce its highly anticipated 124 Spider in the 2017 model year after the nameplate was last produced more than 30 years ago.

This week, we feature our favourite roadster and convertible deals with attractive savings . However, if ultra-luxury or budget-friendly vehicles are more your style, be sure to see our recent features on luxury cars with five-figure discounts and deals on new cars for less than $300 a month. These deals are valid for the rest of the month.

Ford

2016 Ford Mustang

The 2016 Mustang features a 3.7-litre V-6 engine (2.3-litre EcoBoost and 5.0-litre engines also available) and choice of automatic or manual transmission. Standard equipment includes seating for four, high-intensity discharge (HID) headlamps, rear view camera and retractable soft top. Cash purchasers, finance and lease customers can take advantage of a $750 after-tax manufacturer incentive on the Mustang Convertible (compared to zero in April). Financing for up to 60 months is available at zero per cent (compared to 1.49 per cent in April) and leasing for 48 months is available at 2.49 per cent.

2016 Ford Mustang V6 Convertible

  • MSRP: $31,398
  • Manufacturer incentive: $750 (after-tax)
  • Estimated dealer discount: $500
  • Freight, PDI, government fees: $1,790
  • Cash purchase price before tax: $32,024
  • Finance for 60 months at zero per cent for $603 per month including tax (includes a $750 manufacturer incentive applied after tax and assumes zero down payment)
  • Lease for 48 months at 2.49 per cent for $567 per month including tax (includes a $750 manufacturer incentive applied after tax, assumes a 20,000 annual kilometre allowance and zero down payment)

BMW

2016 BMW Z4

The 2016 Z4 features a retractable hard top which can be operated at speeds up to 40 km/h, transforming the two-seat roadster into a sports coupe. Consumers can choose between three turbocharged engines, the most powerful capable of outputting 335 horsepower. Cash purchasers can take advantage of a $5,000 manufacturer incentive on the 2016 Z4 while financing for up to 60 months is available at 1.9 per cent and leasing for up to 39 months is available at 2.9 per cent.

2016 BMW Z4 sDrive28i

  • MSRP: $56,200
  • Manufacturer incentive: $5,000
  • Estimated dealer discount: $1,000
  • Freight, PDI, government fees: $2,285
  • Cash purchase price before tax: $52,485
  • Finance for 60 months at 1.9 per cent for $1,136 per month including tax (assumes zero down payment)
  • Lease for 39 months at 2.9 per cent for $906 per month including tax (assumes a 20,000 annual kilometre allowance and zero down payment)

Mercedes-Benz

2016 Mercedes-Benz SLK-Class

The 2016 SLK features a retractable hard top, seating for two and the ability to choose between three engines (4-cylinder turbo, V-6 or V-8). While the SLK delivers fun in a compact package, consumers seeking something slightly larger might opt for a Mercedes-Benz SL, which we featured last week. Cash purchasers can take advantage of a $5,000 manufacturer incentive on the 2016 SLK-Class while finance and lease customers are eligible for a $2,500 rebate. Financing for up to 60 months is available at 1.9 per cent and leasing for up to 36 months is available at 2.9 per cent.

2016 Mercedes-Benz SLK 300

  • MSRP: $58,100
  • Manufacturer incentive: $5,000
  • Estimated dealer discount: $1,650
  • Freight, PDI, government fees: $2,215
  • Cash purchase price before tax: $53,655
  • Finance for 60 months at 1.9 per cent for $1,110 per month including tax (includes a $2,500 manufacturer incentive applied before tax and assumes zero down payment)
  • Lease for 36 months at 2.9 per cent for $967 per month including tax (includes a $2,500 manufacturer incentive applied before tax, assumes an 18,000 annual kilometre allowance and zero down payment)

Nissan

2016 Nissan 370Z

The 370Z features a 3.7-litre V-6 engine capable of outputting 332 horsepower and is available with a 6-speed manual or 7-speed automatic transmission. Standard equipment includes Bluetooth hands-free phone system, push button start and a retractable soft top. Cash purchasers can take advantage of a $3,000 manufacturer incentive on the 2016 370Z Convertible while financing for up to 60 months is available at 2.99 per cent and leasing for 48 months is available at 3.99 per cent .

2016 Nissan 370Z Touring Sport Roadster Automatic

  • MSRP: $54,998
  • Manufacturer incentive: $3,000
  • Estimated dealer discount: $1,550
  • Freight, PDI, government fees: $1,890
  • Cash purchase price before tax: $52,338
  • Finance for 60 months at 2.99 per cent for $1,123 per month including tax (assumes zero down payment)
  • Lease for 48 months at 3.99 per cent for $978 per month including tax (assumes a 20,000 annual kilometre allowance and zero down payment)

Andrew Tai is CEO of Unhaggle

Pricing and calculations are based on Ontario customers and subject to availability of inventory. Please note that while the information above is accurate at the time of publication, pricing, incentives, and discounts may vary and are subject to change or discontinuation at any time. Dealer discounts are estimates and may be given at the discretion of individual dealers. Consult your local dealership for details.

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