I did this almost 2 years ago, and it's the best car I have ever had. £5k should get you something about 6-7 years old.
No issues on my part. Keep an eye for rusty wheel arches on pre-2005 models. Check the roof carefully - walk away from mouldy bits but you can easily clean the edges if it looks a little green. Also check its mechanism is still smooth and for any tears or rips; tiny ones can be repaired but bigger ones look very ugly. Check the alloys (I'd say this about any car though) have been treated kindly. MX-5s use special coolant so service history could be important. I bought one with full dealer service history and I carried that on.
I went for one with an option pack, the Icon, so it's got heated leather seats and climate control. I also have the luggage rack on the back of mine.I don't worry about high mileage either; if the car has been treated nicely then you could get a bargain by looking for something with 60-80k on the clock (mine had 62k on it when I got it and now I'm up to 80k). I commute in mine! I got it from an independent dealer by looking on Autotrader for it.
A truly wonderful little car to look at and to drive. Possibly not if you're over about 6ft though!
There are owners' clubs for them which are very popular and a google search throws up lots.
Edited by Bobbin Threadbare on 10/04/2014 at 14:56
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