Cold weather is approaching, and that means many automakers are offering strong incentives on convertible models to clear inventory before winter arrives. If you're looking for a convertible, now is one of the best times to buy a new model, as our list of convertible deals demonstrates.

BMW 1 Series

The BMW 1 Series is a small, sporty luxury car with four seats. Available body styles include a hardtop coupe and a soft-top convertible. For drivers interested in the convertible, BMW has good news in October: Several strong deals are available, including interest rates as low as 2.99 percent for up to 36 months on all 2013 models. The 2013 128i convertible also can be leased for 36 months with payments from just $429 per month after $4,154 down at lease signing. For drivers who want more power, the 135i has the same down payment as the 128i and offers monthly payments starting just $70 per month higher.

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Ford Mustang

The 2013 Ford Mustang is a 2-door sports car offered in coupe or convertible body styles. For drivers interested in a soft-top convertible, the Mustang is available with a few good deals in October. Qualified shoppers interested in financing their Mustang, for example, can get 0 percent interest for up to 60 months or 1.9 percent for 72 months. That deal also can be combined with up to $1,500 cash back. For those looking to pay with cash, the Mustang is an even better deal thanks to cash-back offers of up to $3,000 -- a big figure on a car whose base price is in the mid-$20,000 range.

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Mercedes-Benz SLK

The Mercedes-Benz SLK is a 2-door, 2-seat roadster with a standard folding hardtop. Through the end of the month, shoppers interested in an SLK can choose from two lease offers. For drivers who want a 2014 SLK250, Mercedes is offering payments starting at $499 per month for 36 months after $4,459 down at lease signing. Those interested in a muscular V6 also can get a good deal this month: The 2014 SLK350 is available with payments starting at $619 per month for 36 months after $5,064 down at lease signing.

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Nissan 370Z

The Nissan 370Z is a rear-wheel-drive, 2-seat sports car offered as a coupe or soft-top convertible. The convertible has two incentives in October: one for finance shoppers and the other for drivers looking to lease. The finance deal is the best, as Nissan is touting interest rates as low as 0 percent for up to 60 months on all 370Z Roadster models. But lease shoppers hardly miss out, as the sports car is available for up to 39 months with payments from $419 per month after $2,999 down at lease signing.

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Volkswagen Eos

The Volkswagen Eos is a 2-door, 4-seat convertible with a retractable hardtop. In October, the Eos is offered with a few strong deals, whether you're interested in a 2013 model or a 2014. For drivers who don't mind a 2013 Eos, Volkswagen is offering 0 percent interest for up to 60 months. Shoppers who would rather have a 2014 Eos can get 0.9 percent interest over the same term. Lease shoppers also get a good deal on the Eos this month. The 2013 Eos is offered for 36 months with payments from $419 per month, while a 2014 model starts at $429 per month for the same term. Both deals require $2,999 down at lease signing.

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What it means to you: Today's best convertible deals are available now on several top models.

author photo

Doug DeMuro has a wide range of automotive industry experience, from work at a Ferrari dealership to a manager for Porsche North America. A lifelong car enthusiast, Doug's eclectic vehicle purchases include a Porsche 911 Turbo, an E63 AMG wagon, an old Range Rover and a Mercedes Benz G-wagen.

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