Chevrolet Corvette Depreciation

A Chevrolet Corvette will depreciate 36% after 5 years and have a 5 year resale value of $47,057.

The iconic Corvette is one of the best models out there for holding its value. Out of over 100 popular models, it ranks 5th in 3 years, 3rd in 5 years, and 1st in 7 years. The longer you own it, the better it does in holding its value versus the competition. If you are looking for a domestic muscle car that will maintain its value over the years, the Corvette is the vehicle of choice.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per, and assumes a purchase price of $73,446 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

Chevrolet Corvette Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $13,705 81.34% $59,741 13,500 2021
2 $17,150 76.65% $56,296 27,000 2022
3 $20,256 72.42% $53,190 40,500 2023
4 $21,439 70.81% $52,007 54,000 2024
5 $26,389 64.07% $47,057 67,500 2025
6 $26,852 63.44% $46,594 81,000 2026
7 $30,656 58.26% $42,790 94,500 2027
8 $35,350 51.87% $38,096 108,000 2028
9 $35,607 51.52% $37,839 121,500 2029
10 $38,445 47.66% $35,001 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $13,705 81.34% $59,741
2 $17,150 76.65% $56,296
3 $20,256 72.42% $53,190
4 $21,439 70.81% $52,007
5 $26,389 64.07% $47,057
6 $26,852 63.44% $46,594
7 $30,656 58.26% $42,790
8 $35,350 51.87% $38,096
9 $35,607 51.52% $37,839
10 $38,445 47.66% $35,001

Chevrolet Corvette Depreciation Calculator

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If you purchase a used Chevrolet Corvette that is 2 years old, then you could save $17,150 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $9,239. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Corvette models become available.

The Best Model Years to Buy a Chevrolet Corvette

The 2019 Chevrolet Corvette is our top pick for the best model year value for the Corvette. With the 2019, you would only pay, on average, 81% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2017 model years are also attractive years for the Corvette, and provide a relatively good value. Our rankings consider multiple factors, including the Corvette's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the Chevrolet Corvette models.

Chevrolet Corvette Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $73,446 $73,446 $177 $0 0% 100%
2019 $72,187 $58,926 $212 $14,520 19.77% 81.34% Best
2018 $71,063 $54,751 $279 $4,175 7.09% 76.65% Better
2017 $70,020 $51,090 $380 $3,661 6.69% 72.42% Better
2016 $68,971 $49,287 $447 $1,803 3.53% 70.81% Good
2015 $66,895 $43,438 $581 $5,849 11.87% 64.07% Good
2014 $65,030 $42,080 $827 $1,358 3.13% 63.44%
2013 $63,671 $38,041 $944 $4,039 9.6% 58.26%
2012 $62,671 $33,530 $1,022 $4,511 11.86% 51.87%
2011 $61,770 $33,001 $1,176 $529 1.58% 51.52%
2010 $60,208 $32,376 $1,209 $625 1.89% 51.77%
2009 $60,810 $28,823 $1,394 $3,553 10.97% 45.11%
2008 $54,607 $25,288 $1,657 $3,535 12.26% 43.27%
Year Price % Paid Value Rank
2020 $73,446 100%
2019 $58,926 81.34% Best
2018 $54,751 76.65% Better
2017 $51,090 72.42% Better
2016 $49,287 70.81% Good
2015 $43,438 64.07% Good
2014 $42,080 63.44%
2013 $38,041 58.26%
2012 $33,530 51.87%
2011 $33,001 51.52%
2010 $32,376 51.77%
2009 $28,823 45.11%
2008 $25,288 43.27%
Our Favorite Chevrolet Corvette Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in April 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.