FAQ: How Much Is The Price Of The Corvette Sports Car?

How much is a 2020 Corvette Grand Sport?

The 2020 Chevy Corvette has an official starting price of $59,995, fulfilling GM’s promise that it would start under $60,000. The 2LT trim level starts at $67,295 and the 3LT starts at $71,945. The Z51 Performance package costs $5000 and can be added to any trim level.

Why are 2021 Corvettes so expensive?

A Price Increase Is Already On the Way We expected a price increase for the 2021 model year but because of COVID, GM opted to price protect all those customers who had an initial order placed for a 2020 model before they were bumped to 2021.

How much is a 2020 Corvette?

How much will the 2020 Corvette cost? GM delivered on its promise of a starting base price of less than $60,000 with the base LT1 2020 Corvette Stingray coming in at $59,995 including $1,095 delivery. That figure is about $4,000 higher than the current model’s starting price of $55,900.

Why are Corvettes so cheap?

Corvettes are cheap due to economy of scale, and GM’s business model. By having lower profit margins and cutting down production costs through using less carbon fiber, reusing parts, limiting customizations, etc. Corvettes can be sold to everyday people for an affordable price.

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What are the new colors for the 2021 Corvette?

Chevrolet added two new exterior color choices— Red Mist and Silver Flare —to the mid-engine C8 Corvette for the 2021 model year and made it $1000 more expensive.

What is the cheapest new Corvette?

Chevrolet Corvette 1LT The entry-level Corvette LT1 is priced at $60,900 for coupe models and $68,400 for convertible models. 5

What is the fastest Corvette?

Corvette C7 Z06 When it came out in 2015, the C7 Corvette Z06 didn’t only become the GM’s fastest production car, but the fastest production Corvette ever produced. The new C7 Z06 doesn’t just beat the record set by the old C6 ZR1; it chews it up and spits it out with a blistering 0 to 60 time of just 2.95 seconds.

How much is the most expensive 2021 Corvette?

This means that the previous $59,995 base price is now $60,995. Subsequently, the convertible model jumps from $66,495 to $67,495. According to CarBuzz, this means that the most expensive 2021 Chevrolet Corvette 3LT trim levels start at $72,945 for the coupe and $79,945 for the convertible.

How many Corvettes will be made in 2021?

For the 2021 model year, the Chevrolet Corvette Stingray mid-engine sports car numbers 26,216 units that were manufactured in rather unfavorable circumstances.

Do new Corvettes hold their value?

A Chevrolet Corvette will depreciate 33% after 5 years and have a 5 year resale value of $49,275. The iconic Corvette is one of the best models out there for holding its value over the long term. Out of over 100 popular models, it consistently ranks in the Top 10 in years 5 and 7.

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Is the 2021 Corvette a good investment?

Still A Superior Value In the world of high-end sports cars, the 2021 Chevrolet Corvette proves to be a fantastic bargain. Its overall value is hard to beat. Chevy lists the new model with a starting MSRP of slightly under $59,000. This is an unbelievable price for a car that packs so much style and performance.

Is the 2020 Corvette worth it?

In terms of overall performance, you can compare the 2020 Chevrolet Corvette to models that cost upwards of $200,000. However, it does not cost nearly as much money. This price makes it one of the best values in the world of high-performance sports cars.

How much is a 2020 Stingray?

DETROIT — With its new mid-engine configuration and sleek, modern design, the 2020 Chevrolet Corvette Stingray offers unprecedented performance at a starting price of $59,995 (including Destination Freight Charge of $1,095, excluding tax, title, license, dealer fees and optional equipment).

Do Corvettes last long?

The lifespan expectations for Chevy Corvettes According to Motor and Wheels, owners can expect their new Corvette to last for 150,000 to 200,000 miles. While reliability has been improving, the average supercar lasts for 100,000 to 150,000 miles tops. The Corvette is different, though, as long as it’s well maintained.

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