Chevrolet Corvette Depreciation

A Chevrolet Corvette will depreciate 33% after 5 years and have a 5 year resale value of $49,363.

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 ranks 4th in 5 years, and 3rd 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 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 13,500 miles per year. It also assumes a selling price of $73,446 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

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $14,601 80.12% $58,845 13,500 2021
2 $18,655 74.60% $54,791 27,000 2022
3 $21,512 70.71% $51,934 40,500 2023
4 $22,922 68.79% $50,524 54,000 2024
5 $24,083 67.21% $49,363 67,500 2025
6 $29,775 59.46% $43,671 81,000 2026
7 $31,861 56.62% $41,585 94,500 2027
8 $36,708 50.02% $36,738 108,000 2028
9 $36,892 49.77% $36,554 121,500 2029
10 $37,457 49.00% $35,989 135,000 2030

Chevrolet Corvette Depreciation

Years Old Depreciation Residual Value Resale Value
1 $14,601 80.12% $58,845
2 $18,655 74.60% $54,791
3 $21,512 70.71% $51,934
4 $22,922 68.79% $50,524
5 $24,083 67.21% $49,363
6 $29,775 59.46% $43,671
7 $31,861 56.62% $41,585
8 $36,708 50.02% $36,738
9 $36,892 49.77% $36,554
10 $37,457 49.00% $35,989

Chevrolet Corvette Depreciation Calculator

Current Vehicle Age
Current Price
Own it For
Annual Miles

If you purchase a used Chevrolet Corvette that is 2 years old, then you could save $18,655 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 $5,428. 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, 80% 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 $324 $0 0% 100% Good
2019 $72,187 $58,193 $359 $15,253 20.77% 80.12% Best
2018 $71,063 $53,438 $426 $4,755 8.17% 74.6% Better
2017 $70,020 $50,036 $527 $3,402 6.37% 70.71% Better
2016 $68,971 $48,041 $593 $1,995 3.99% 68.79% Good
2015 $66,895 $45,689 $728 $2,352 4.9% 67.21%
2014 $65,030 $39,644 $974 $6,045 13.23% 59.46%
2013 $63,671 $37,143 $1,091 $2,501 6.31% 56.62%
2012 $62,671 $32,515 $1,168 $4,628 12.46% 50.02%
2011 $61,770 $32,064 $1,322 $451 1.39% 49.77%
2010 $60,208 $29,502 $1,356 $2,562 7.99% 49%
2009 $60,810 $28,491 $1,541 $1,011 3.43% 44.32%
2008 $54,607 $25,889 $1,804 $2,602 9.13% 44.11%
Year Price % Paid Value Rank
2020 $73,446 100% Good
2019 $58,193 80.12% Best
2018 $53,438 74.6% Better
2017 $50,036 70.71% Better
2016 $48,041 68.79% Good
2015 $45,689 67.21%
2014 $39,644 59.46%
2013 $37,143 56.62%
2012 $32,515 50.02%
2011 $32,064 49.77%
2010 $29,502 49%
2009 $28,491 44.32%
2008 $25,889 44.11%

Considering financing? Try our Chevrolet Corvette Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down.

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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 September 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.