Convertible Leasing and Contract Hire

A convertible is a type of car with a retractable or removable top that can be folded down to allow passengers to enjoy an open-air driving experience.

Convertibles are usually two-door cars with spacious front seats but little room for passengers in the rear.

There isn’t a difference between a convertible and a cabriolet. The term "convertible" is commonly used in North America, while "cabriolet" is more commonly used in Europe, particularly in the United Kingdom. They both refer to the same type of car, which has a folding or removable roof and provide the same fundamental experience of open-top motoring, allowing drivers and passengers to enjoy the sensation of wind and sun while driving.

Prices to lease a convertible car range from £240 per month up to £1,700 per month. There is such a big price range because premium convertible cars feature some of the latest technology and most powerful engines.

Convertible cars typically come with higher insurance premiums due to several factors. First, convertible cars tend to be flashier and more expensive, and as a result, increase the risk of theft.

Also, because of the complicated mechanics involved with a convertible roof, it costs more to repair, which leads to higher insurance costs.  

For more information on insurance, check out our UK Car Insurance Groups Explained guide.

Buying or leasing a convertible depends on your financial situation and future plans. If you want lower monthly payments and the ability to drive a new model every few years, leasing would be the smart choice.

However, buying the car would be best if you’re looking for long-term ownership or if you don’t have the credit rating to be eligible for car leasing. 

For more information, check out our Buying vs Leasing guide.

The most spacious four-seat convertible is the BMW 4 Series Convertible. There’s plenty of room for two passengers over six feet tall in the front, and there’s a good amount of legroom for two adults sitting in the back.

The 4 Series Convertible also has a generous boot at 385 litres.