Going topless this summer?

Over 100,000 Brits are expected to purchase a new convertible car this year, leaving their wallets open to considerable damage says Moneyextra.com.

With the sun coming out at last, the great deals available to prospective cabriolet purchasers in cooler months could soon be a thing of the past, as dealers increase their prices to make the most of demand.

Robin Amlôt, Senior Editor at Moneyextra comments “Given that forecourt deals won’t be around for long, consumers should look at other areas to see if they can re-coup funds from elsewhere”.

To keep the financial consequences of owning a convertible car under control, Moneyextra.com suggests the following tips:

Look at the newer coupe-cabriolet models with a folding hard top as these will hold their seasonal value more than their soft-top counterparts.

Before taking the plunge, take a look at how your insurance costs will be affected.

Insurance for convertible cars is often higher, as drivers of such models are more likely to make a claim and have a driving conviction.

Having a folding roof could increase annual car tax costs due to higher CO2 emissions.

Avoid forecourt finance as you can often find yourself paying un-necessary charges and vastly inflated monthly payments due to the condensed term.