Chevrolet Corvette Depreciation

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. 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 should definitely be high on the list.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $74,076 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the Chevrolet Corvette.

Chevrolet Corvette Depreciation Calculator

Current Vehicle Age
Current Price
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Annual Miles

Chevrolet Corvette Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $13,549 81.71% $60,527 12,000 2022
2 $16,497 77.73% $57,579 24,000 2023
3 $22,378 69.79% $51,698 36,000 2024
4 $22,978 68.98% $51,098 48,000 2025
5 $24,801 66.52% $49,275 60,000 2026
6 $25,312 65.83% $48,764 72,000 2027
7 $29,660 59.96% $44,416 84,000 2028
8 $30,304 59.09% $43,772 96,000 2029
9 $33,949 54.17% $40,127 108,000 2030
10 $34,445 53.50% $39,631 120,000 2031

Chevrolet Corvette Depreciation

Years Old Depreciation Residual Value Resale Value
1 $13,549 81.71% $60,527
2 $16,497 77.73% $57,579
3 $22,378 69.79% $51,698
4 $22,978 68.98% $51,098
5 $24,801 66.52% $49,275
6 $25,312 65.83% $48,764
7 $29,660 59.96% $44,416
8 $30,304 59.09% $43,772
9 $33,949 54.17% $40,127
10 $34,445 53.50% $39,631

Buying a Chevrolet Corvette New vs Used

If you purchase a used Chevrolet Corvette that is 2 years old, then you could save $16,497 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 $8,304. 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 2020 Chevrolet Corvette is our top pick for the best model year value for the Corvette. With the 2020, you would only pay, on average, 82% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 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
2021 $74,076 $74,076 $325 $0 0% 100%
2020 $73,446 $60,375 $360 $13,701 18.5% 81.71% Best
2019 $72,187 $56,539 $427 $3,836 6.35% 77.73% Better
2018 $71,063 $50,125 $528 $6,414 11.34% 69.79% Better
2017 $70,020 $48,892 $595 $1,233 2.46% 68.98% Good
2016 $68,971 $46,608 $730 $2,284 4.67% 66.52% Good
2015 $66,895 $45,012 $976 $1,596 3.42% 65.83%
2014 $65,030 $40,084 $1,092 $4,928 10.95% 59.96%
2013 $63,671 $38,791 $1,170 $1,293 3.23% 59.09%
2012 $62,671 $35,276 $1,324 $3,515 9.06% 54.17%
2011 $61,770 $34,401 $1,357 $875 2.48% 53.5%
2010 $60,208 $33,017 $1,542 $1,384 4.02% 52.28%
2009 $60,810 $31,872 $1,805 $1,145 3.47% 49.44%
Year Price % Paid Value Rank
2021 $74,076 100%
2020 $60,375 81.71% Best
2019 $56,539 77.73% Better
2018 $50,125 69.79% Better
2017 $48,892 68.98% Good
2016 $46,608 66.52% Good
2015 $45,012 65.83%
2014 $40,084 59.96%
2013 $38,791 59.09%
2012 $35,276 54.17%
2011 $34,401 53.5%
2010 $33,017 52.28%
2009 $31,872 49.44%

Chevrolet Corvette Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the Chevrolet Corvette ranks for Depreciation compared to other vehicles. Also check out how the Corvette stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other Chevrolet Corvette Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major Chevrolet Corvette costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: