About 2 months ago I bought a 1994 Miata equipped with the B-Package and ABS. It had 53,XXX miles on it, had never been in an accident, and had all the records. I got the car for $3,000. This has hands down been one of the best gamble of my life. I absolutely loves this little car. Its a blast to drive, still feels as solid as a rock (especially for an mid 90's convertible), gets great gas mileage, and looks absolutely stunning. And, what surprised me is it actually sounds good for a 4 cylinder. Plus, The car fits my family and I perfectly (I'm the tallest at 5'8"). I expect many more happy, fun filled miles in this two seater.
I have a '94 Mazda Miata M-edition convertible. It is a perfect car if you are looking for more than a boring family sedan. Performance is awesome, (especially lateral acceleration) although the engine could use a few more horses. But that's nothing a nice supercharger can't handle! It is very reliable and a blast to drive. If you want a car to drive on the weekend, theres nothing more fun for the money, believe me.
I have owned a '73 Z-29, (2) 1972 240-Zs, a 1971 Series 1 240Z, a 1969 Mustang GT and a 1978 Corvette. All had great points and glaring weaknesses. The Miata has no glaring weaknesses but some off-the-chart strengths. This is easily the best handling car I have ever driven. With street tread mounted on OEM 14 inch rims, and a completely stock suspension, this car takes curves with a predictability I cannot imagine will ever be improved upon. The engine pulls in every, single gear and the shifter is heavenly. The cockpit has just the right instrumentation and an honest set of mechanical gauges. Fuel economy is amazing and has never failed to deliver less than 21 mpg in town and 27 on the highway. I seldom drive this car with any consideration of fuel economy, so those numbers can be improved upon. The body is solid and well put together. The engine is pretty simple to service, as long as you are not changing the oil. That can be a bit messy. I cured that with the addition of a Cobalt Oil Filter Relocation Kit. The rear end and gearbox are dead simple to access and service. Oh, by the way, this car has a Torsen Limited Slip Differential. Amazing quality for a very low price. As for folks derisively calling this car "effete", drive the thing and then talk. It does more with the 128 base horsepower and four cylinders than my 71 240-Z could with 150. I loved my Z. I love my Miata.
I bought a new Miata in 1992 but was forced to trade it in 1994 while pregnant with my first child. It's been ten years but I've finally purchased another one. I wanted the car "bare bones," no power accessories, and I found one that fit my description. This car is so much fun to drive and such a good buy for the money. I even enjoy the fact that it's a 1st edition Miata (the headlights are hidden). I don't plan on getting rid of this one! I highly recommend the Miata. They hold their value well and they become a car that you can get very attached to. I'm already planning to buy another used one!