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Sports cars don’t have a reputation for affordability. No, razor-sharp performance coupes and sun-soaked convertibles trade spaciousness and practicality for smile-inducing antics. As such, you might not expect your sports car to have low ownership costs. Well, some sports cars, like the Mazda MX-5 and Chevrolet Camaro defy the spendy reputation of the segment.

The Mazda MX-5 snags two spots among the sports cars with ownership costs

A set of Mazda MX-5 sports cars take a corner.
Mazda MX-5 | Mazda

The Mazda MX-5 is one of the few driver’s cars on the market with a sub-$32,000 starting price. What’s more, the little drop-top MX-5 could save its owners money compared to segment rivals.

Make and modelAverage 5-year depreciationAverage 5-year ownership
Subaru BRZ$16,403N/A
Chevrolet Camaro$13,852$53,107
Mazda MX-5$21,836$47,172
Mazda MX-5 RF$23,264$49,170

However, the MX-5 didn’t just earn a solo spot on the list; the latest Miata takes two top spots. Specifically, the conventional soft-top MX-5 earned a spot, as well as the retractable-hard-top variant, the MX-5 RF. 

According to Kelley Blue Book (KBB), the soft-top MX-5 has an average five-year ownership cost of around $47,172. That’s good news for sports car drivers who can suffice with the MX-5’s diminutive size, considering the little Mazda convertible costs around $6,000 less to run than a larger, more powerful Chevrolet Camaro.

Opting for the retractable hard-top RF model adds around $1,998 to the MX-5’s half-decade running costs. Understandable, given the added expense of the power-retractable panel. However, both Mazda MX-5 models had maintenance costs of around $4,417. 

Of course, the latest Miata isn’t the only sports car with wallet-friendly five-year running costs. The Chevrolet Camaro and Subaru BRZ occupy top spots among the most affordable sports cars. Moreover, the BRZ has a mechanical twin: the Toyota GR86. As such, the GR86 is another affordable driver’s car option. 

With a sub-$30,000 price tag, the MX-5 is one of the most affordable sports cars on the market

The 2023 Mazda MX-5 starts at around $29,215, less than a comparable Subaru BRZ, Toyota GR86, or Ford Mustang. What’s more, the RF is one of the few cars on the market with a power retractable roof.

Better yet, with affordable maintenance, insurance, and fuel costs, the Miata may still be the answer.

Source: Kelley Blue Book