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Summer’s almost here, and the open road is calling for a hot sports car or convertible. This weekend is a great time to buy, with Memorial Day car sales offering awesome lease and financing deals. You need to move quickly, however, as many of these deals will expire after the holiday.
Over the holiday weekend, you can find great deals on cars that will be a blast to drive this summer, from the recently redesigned 2016 Mazda MX-5 Miata to the sporty yet practical 2016 Volkswagen GTI.
Before you jump into the market, be sure to check out our rankings of Best Sports Cars and Luxury Sports Cars. Then hop over to the U.S. News Best Price Program to find the best possible price on your dream sports car.
2016 Ford Mustang
Ford offers a great finance deal on the Mustang this Memorial Day. You can score zero percent financing for up to three years or 4.9 percent for seven years, depending on where you live.
If you pay cash or get a loan from your own bank or credit union, Ford is offering $750 cash back. If you forego the cash back, you can extend the zero percent financing term to six years.
The Ford Mustang starts at $24,145 and comes standard with a 300-horsepower, 3.7-liter V6 engine. Opt for the turbocharged 2.3-liter four-cylinder and you’re boosted to 310 horsepower with impressive EPA-estimated mileage of 32 mpg on the highway. The Mustang holds the No. 3 slot in our rankings of sports cars.
The 2016 Porsche Boxster is being replaced by the 2017 718 Boxster, but you can get a three-year lease deal on the current model until June 30. Monthly payments are $599, and there’s $5,299 due at signing. Mileage is limited to 30,000 before excess mileage fees kick in.
Despite its impending replacement, the 2016 Boxster still claims the top spot in our rankings of luxury sports cars. Its performance, handling, and interior quality and coziness make the Boxster a joy to drive. Unlike many cars with the Boxster’s performance, it’s comfortable enough to drive every day.
Pricing for the current Boxster starts at $52,100.
2016 Chevrolet Corvette
Feel the need, the need for speed? This Memorial Day, you can get a 3.9 percent finance deal on the 2016 Chevy Corvette for five years. The 2016 ‘vette is tied for third in our luxury sports carrankings with the 2016 Porsche Cayman, and it starts at $55,400.
The Corvette’s base engine is a 455-horsepower 6.2-liter V8, and a manual transmission is standard. Jump up to the Z06 model and you’ll wake the neighbors with a supercharged 6.2-liter V8 that produces 650 horsepower.
To say that previous generation Corvette interiors were uncomfortable is an understatement, but the 2016 Corvette Stingray features a redesigned cockpit that is refined and comfortable, with high-quality materials and an unprecedented array of advanced technology.
2016 Volkswagen GTI
Lost in the noise of the VW diesel exhaust scandal are some of the excellent cars that the automaker is still building. The lovely 2016 Volkswagen GTI holds the No. 4 slot in our rankings of sports carsand is available this Memorial Day with both lease and finance deals.
Buyers can take advantage of 0.9 percent financing for up to five years, while lease customers can get a three-year contract with payments of $299 per month with $2,999 due at signing on the four-door S model.
Prices for the 2016 Volkswagen GTI start at $24,995, and it is available in both two- and four-door models. A six-speed manual transmission is standard, while a quick shifting six-speed direct sequential gearbox (DSG) is optional.
2016 Lexus RC
Looking for a sports car with Lexus quality? The RC sports coupe is tied for the No. 4 spot on our list of luxury small cars. Models are available with 0.9 percent financing for up to five years or 1.9 percent for six years in most states.
The RC 200T, RC 300 AWD, and RC 350 are eligible for the special financing deal.
Lexus is also offering special lease deals this Memorial Day, though your monthly payments and amount due at signing will vary depending on where you live. Customers on the West Coast have the best price, with an RC 200T available for $399 per month on a three-year lease with $3,099 due at signing.
For 2016, Lexus introduced new models of the car, including the turbocharged RC 200T and the RC 300 AWD.
2016 Mazda MX-5 Miata
The 2016 Mazda MX-5 earned the No. 1 position in our rankings of sports cars by returning to its roots as a lightweight, nimble, and affordable roadster. It also holds the top spot in our listing ofconvertibles and earned the title of 2016 Best Sports Car for the Money.
Customers wanting a lease deal on Memorial Day can get into a MX-5 Sport with a manual transmission for $407 per month for three years with nothing due at signing and no first month’s payment.
Though not the fastest sports car on the planet, the Miata endears itself to drivers with nimble, balanced handling and just the right amount of power for its light-footed athleticism.
2016 BMW 4-Series
There are special lease and finance deals on an array of BMW 4-Series models this Memorial Day. Buyers can get 2.99 percent financing for six years on the BMW coupes. The 4-Series currently holds the No. 7 slot in our rankings of luxury convertibles and luxury sports cars.
If you would rather lease, BMW is offering a lease deal of $429 per month for three years with $4,354 due at signing for the 428i Coupe and Gran Coupe. For $509 per month for three years with $4,434 due at signing, you can lease the 435i Coupe or Gran Coupe.
There are also leases available on the 428i and 435i convertible. The 428i is $539 per month for three years with $4,464 due at signing while the 435i’s price is $629 per month for three years with $4,554 due at signing.
2016 Subaru WRX
The Subaru WRX is technically classed in our rankings as a compact car, where it’s tied for the No. 10 slot on our list. It certainly has sporting intentions with its turbocharged boxer engine, all-wheel drive, and high-performance suspension. Subaru’s offering 2.9 percent financing for a limited term this Memorial Day.
Lease deals on the WRX with a manual transmission depend on where you live but start as low as $265 per month for three years with $1,765 due at signing for customers in the Southwest.
The rally inspired WRX produces 268 horsepower, which is sent to all four wheels through either a six-speed manual transmission or a continuously variable transmission with paddle shifters.
2016 Nissan 370Z
Nissan is offering zero percent financing for five years on the 370Z this Memorial Day. A lease deal also allows you to get into a 370Z Coupe for three years at $299 per month with $2,999 due at signing. The 370Z is ranked No. 8 in our ranking of sports cars.
The Nissan 370Z is available in coupe and convertible models, and the roadster is rated No. 4 out of five in our rankings of convertibles. The 370Z is the oldest design in the class and beginning to show its age when compared to fresher competitors.
Both the coupe and roadster are powered by a standard 332-horsepower 3.7-liter V6 that is matched with either a six-speed manual or a seven-speed automatic transmission. A higher performance NISMO model capable of producing 350 horsepower is available.
2015/2016 Hyundai Genesis Coupe
If you can find a 2015 Hyundai Genesis Coupe, you can finance it for five years at 0.9 percent or 2.9 percent for up to six years. Bring your own financing, and you’ll get $2,500 cash back. Opt for a 2016and there’s a $500 cash back deal.
Hyundai’s also offering a special lease priced at $299 per month for three years with $2,799 due at signing for the 3.8L model with a manual transmission.
The Genesis Coupe is ranked ninth out of nine sports cars in the class. While it’s a fine cruising coupe with a powerful engine and an attractive base price of $26,950, it doesn’t handle as well as its more nimble competitors.
2016 Mercedes Benz SL
Can’t wait for roadster weather and cruising the coastline in Mercedes-Benz’ signature SL400 Roadster? This Memorial Day you can put one in your driveway and save a bit of money. Mercedes is offering a lease deal for $949 per month for three years with $5,743 due at signing and $2,500 bonus cash.
Step up to the more powerful SL550 and you’ll pay $1,149 per month on a three-year lease deal with $6,943 due at signing and $2,500 bonus cash. On both leases you’re limited to 30,000 miles during the length of the contract or excess mileage fees will accrue.
Mercedes’ SL currently holds the No. 6 slot in both our luxury sports car and luxury convertiblerankings. The big roadster carries plenty of power but has become more of a touring car in its SL400 and SL550 models. If you’re looking to put the sports car back into the SL, you might opt for one of the high-performance AMG-tuned models.
2016 Chevrolet Camaro
Buyers of the redesigned Chevrolet Camaro can roll into summer cruise-ins in style, saving some money along the way. Chevy is offering a finance deal with 2.9 percent financing available for five years. The 2016 Camaro ranks just behind the top-ranked Mazda MX-5 Miata in our sports carratings.
The 2016 Chevy Camaro was completely redesigned for 2016, shifting to a smaller, more nimble platform shared with the Cadillac ATS and CTS sedans. A turbocharged four-cylinder engine is standard, with more powerful V6 and V8 engines available. Rearward visibility is still awful, but a backup camera is now standard.
2016 Subaru BRZ
The Subaru BRZ and its twin, the Scion FR-S (soon to be renamed the Toyota 86), were jointly developed by the two companies and are built by Subaru. There aren’t any deals on the Scion this Memorial Day, but there are finance and lease deals on the BRZ.
Buyers in most of the country can buy a Subaru BRZ with a 1.49 percent financing deal for a limited term. In the Southwest, zero percent financing is available.
Subaru’s lease deals are regional, and again buyers in the Southwest come out ahead, with payments of $295 per month for three years with $2,095 due at signing for a Standard Premium model. If you’re in the Southeast or West, it’s $339 per month with $2,139 due at signing, and in the Northeast and Northwest, you’ll pay $359 per month with $2,159 down.
2016 Dodge Challenger
There are some great finance and lease deals on the 2016 Dodge Challenger on Memorial Day. Topping the list is a $129 per month, two-year lease on the Challenger SXT, with $2,999 due at signing. The Challenger has many trim levels and several have lease deals this holiday weekend.
You can bring your own financing and get up to $3,000 cash back in most parts of the country, or take advantage of Dodge’s 0.9 percent finance deal for five years, and you can also get up to $3,000 back.
Even the 707-horsepower Challenger Hellcat has a finance deal of 3.84 percent for up to five years, though buyers with excellent credit can likely beat that rate at their bank or credit union.
It’s easy to fall in love with a sports car based on looks alone, but be sure to check out our rankings of sports cars, luxury sports cars, convertibles, and luxury convertibles before you leap into a long-term relationship with one.
Our new car deals and lease deals are updated monthly by the expert staff of U.S. News and World Report, so come back often to check out the latest savings and use our Best Price Program to save yourself even more money.
If you’re financing your new ride, learn the language of loans before you head for your bank or credit union.