Buying a Convertible for £5K. What should I consider?

I will soon be in the market for a nice convertible for between 5K and 6k.

Economy is important, as well as looks and a desirbale badge. I am drawn to a BMW 3 series 318, 2004, is there any particular reason why this would be a bad idea and if so what cars should i consider.

Asked on 30 July 2012 by Cevs80

Answered by Honest John
More expensive to repair than a 'cheaper' marque. More about E46 3-Series here (they are all lumped together in this entry rather than split by body style):
www.honestjohn.co.uk/carbycar/bmw/3-series-e46-199.../
Dear Honest John,

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