In January 2010 I bought an '04 330Ci Convertible, 2 owner, 42k miles run out model with Mtech kit. Very pleased with it so far. Quite nippy and reasonably economical, 30mpg or so , and I paid within your budget for it. So far only my terrier has sat in the back and he finds the legroom acceptable. Not so sure about larger humanoids though.
I prefer it to my friends Peugeot 307? convertible, but definitely prefer my friends TTRS convertible, although that is within neither your, nor my, budget!
Our first choice was a 2.0 MX5 with folding hardtop, but unfortunately my elderly mother had trouble accessing it, so a 330 turned up after a search for alternatives.
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