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Used 2020 Chevrolet Corvette Cost to Own

Total 5-Year Ownership Costs

Corvette Coupe

Stingray 2dr Coupe w/3LT (6.2L 8cyl 8AM)

True Cost to Own

$65,400*

Total Cash Price

$47,041

Stingray 2dr Coupe w/2LT (6.2L 8cyl 8AM)

True Cost to Own

$65,787*

Total Cash Price

$47,843

Stingray 2dr Coupe w/1LT (6.2L 8cyl 8AM)

True Cost to Own

$64,656*

Total Cash Price

$45,355

Corvette Convertible

Stingray 2dr Convertible w/3LT (6.2L 8cyl 8AM)

True Cost to Own

$66,850*

Total Cash Price

$47,868

Stingray 2dr Convertible w/2LT (6.2L 8cyl 8AM)

True Cost to Own

$66,120*

Total Cash Price

$49,524

Stingray 2dr Convertible w/1LT (6.2L 8cyl 8AM)

True Cost to Own

$66,261*

Total Cash Price

$45,687

Ownership Costs: 5-Year Total

Depreciation

$18,399

Taxes & Fees

$3,221

Financing

$8,251

Fuel

$17,216

Insurance

$5,278

Repairs

$5,340

Maintenance

$7,695

Ownership Costs: 5-Year Breakdown

Selected Model:

2020 Corvette Coupe Stingray 2dr Coupe w/3LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$994$1,024$1,055$1,086$1,119$5,278
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$3,081$35$35$35$35$3,221
Financing$2,826$2,281$1,694$1,064$386$8,251
Depreciation$6,915$4,597$3,118$2,446$1,323$18,399
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$18,820$13,716$10,820$12,309$9,735$65,400
Selected Model:

2020 Corvette Coupe Stingray 2dr Coupe w/2LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,006$1,036$1,067$1,099$1,132$5,340
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$3,133$35$35$35$35$3,273
Financing$2,875$2,319$1,723$1,082$392$8,391
Depreciation$7,663$4,160$2,812$2,376$1,521$18,532
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$19,681$13,329$10,555$12,270$9,952$65,787
Selected Model:

2020 Corvette Coupe Stingray 2dr Coupe w/1LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$980$1,009$1,040$1,071$1,103$5,203
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$2,972$35$35$35$35$3,112
Financing$2,725$2,199$1,633$1,026$372$7,955
Depreciation$7,676$4,644$1,593$1,865$2,357$18,135
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$19,357$13,666$9,219$11,675$10,739$64,656
Selected Model:

2020 Corvette Convertible Stingray 2dr Convertible w/3LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,025$1,056$1,087$1,120$1,154$5,442
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$3,135$35$35$35$35$3,275
Financing$2,876$2,321$1,724$1,082$393$8,396
Depreciation$6,048$3,547$2,885$3,635$3,371$19,486
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$18,088$12,738$10,649$13,550$11,825$66,850
Selected Model:

2020 Corvette Convertible Stingray 2dr Convertible w/2LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,018$1,049$1,080$1,112$1,146$5,405
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$3,242$35$35$35$35$3,382
Financing$2,976$2,401$1,783$1,120$406$8,686
Depreciation$6,165$4,188$2,806$2,809$2,428$18,396
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$18,405$13,452$10,622$12,754$10,887$66,120
Selected Model:

2020 Corvette Convertible Stingray 2dr Convertible w/1LT (6.2L 8cyl 8AM)

Ownership Costs: 5-Year Breakdown
Year 1Year 2Year 3Year 4Year 5Total
Insurance$1,013$1,043$1,075$1,107$1,140$5,378
Maintenance$987$1,539$433$2,923$1,813$7,695
Repairs$774$900$1,045$1,212$1,409$5,340
Taxes & Fees$2,993$35$35$35$35$3,133
Financing$2,745$2,215$1,645$1,033$375$8,013
Depreciation$8,048$4,871$2,117$2,484$1,966$19,486
Fuel$3,243$3,340$3,440$3,543$3,650$17,216
True Cost to Own®$19,803$13,943$9,790$12,337$10,388$66,261

*Based on a 5-year estimate with 15,000 miles driven per year.

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True Cost To Own®

Edmunds.com's True Cost to Own® (TCO®) is proprietary data that helps you estimate the total five-year cost of buying and owning a vehicle — including some items you may not have taken into consideration. A benefit of using our TCO® tool is that you can easily compare the five-year totals for different vehicles and make a more informed choice.