The second-generation Mazda MX-5 (code name NB) succeeds the legendary NA. To meet new pedestrian safety standards, it abandons pop-up headlights in favor of fixed optics, while retaining the Jinba Ittai spirit (the oneness of horse and rider). Stiffer, more aerodynamic, and equipped with a heated glass rear window (on most trims), it gains versatility without sacrificing its featherlight weight (around 1000 kg). In 2001, it received a major facelift (NBFL) including projector headlights, an even stiffer chassis, new seats, resized brakes, and the introduction of variable valve timing (VVT) on the 1.8L engine. It's a legendary roadster, mechanically indestructible, but its survival is now threatened by a formidable enemy: corrosion.
The Mazda MX-5 NB/NBFL is one of the best roadsters ever produced. Mechanically, it's a Swiss watch that tolerates high revs and rough treatment with a smile. However, buying an NB today should only be done after a paranoid inspection of the bodywork and chassis. Rust on the front chassis rails and rear sills is a scourge that can turn a good deal into a financial black hole (expect 1500 to 3000€ for a professional chassis rail repair). If you find a healthy example (or one already restored with invoices), go for it: it's a guaranteed pleasure investment. Opt for a 1.8L version with a Torsen differential for sporty use, or a 1.6L for pure cruising.