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Is a used MX-5 still the cheapest way to enjoy driving?

Six hundred and twelve of them are on the index right now, and half are under £8,000.

Rae Holloway, Motoring editorAug 28, 20267 min read

Six hundred and twelve of them are on the index right now, and half are under £8,000. That is the short answer. The longer answer is about which of those six hundred you should actually want, because the spread between a tired 1.6 and a sorted 2.0 Sport is the price of a decent used hatchback.

The third generation is the value sweet spot on the index today: the fold of metal that carries the £6k–£9k median has the deepest choice and the fastest turnover, at a median of 34 days from listing to sold. Rust in the rear arches, not the engine, is what ends them — check it in the flesh, because photos flatter every arch on the internet.

Whichever generation you pick, the running maths is where the MX-5 quietly wins. Insurance groups stay low, parts are everywhere, and the index shows owners listing them again within two years for within a few hundred pounds of what they paid. The depreciation already happened to somebody else.

Written by

Rae Holloway

Fourteen years testing cars. Writes the reviews, and every collection on the site.

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