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
$71,578*
Total Cash Price
$49,969
Stingray 2dr Coupe w/2LT (6.2L 8cyl 8AM)
True Cost to Own
$67,116*
Total Cash Price
$48,478
Stingray 2dr Coupe w/1LT (6.2L 8cyl 8AM)
True Cost to Own
$66,731*
Total Cash Price
$47,286
Corvette Convertible
Stingray 2dr Convertible w/3LT (6.2L 8cyl 8AM)
True Cost to Own
$76,995*
Total Cash Price
$58,499
Stingray 2dr Convertible w/2LT (6.2L 8cyl 8AM)
True Cost to Own
$72,284*
Total Cash Price
$54,031
Stingray 2dr Convertible w/1LT (6.2L 8cyl 8AM)
True Cost to Own
$71,479*
Total Cash Price
$53,036
Ownership Costs: 5-Year Breakdown
2020 Corvette Coupe Stingray 2dr Coupe w/3LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $994 | $1,024 | $1,055 | $1,086 | $1,119 | $5,278 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,414 | $35 | $35 | $35 | $35 | $3,554 |
Financing | $3,318 | $2,687 | $2,002 | $1,261 | $459 | $9,727 |
Depreciation | $8,091 | $4,700 | $3,518 | $3,521 | $1,940 | $21,770 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $22,678 | $13,646 | $12,595 | $11,025 | $11,634 | $71,578 |
Ownership Costs: 5-Year Breakdown
2020 Corvette Coupe Stingray 2dr Coupe w/2LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $1,006 | $1,036 | $1,067 | $1,099 | $1,132 | $5,340 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,313 | $35 | $35 | $35 | $35 | $3,453 |
Financing | $3,219 | $2,606 | $1,943 | $1,224 | $445 | $9,437 |
Depreciation | $5,564 | $3,687 | $3,114 | $3,365 | $1,907 | $17,637 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $19,963 | $12,564 | $12,144 | $10,845 | $11,600 | $67,116 |
Ownership Costs: 5-Year Breakdown
2020 Corvette Coupe Stingray 2dr Coupe w/1LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $980 | $1,009 | $1,040 | $1,071 | $1,103 | $5,203 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,233 | $35 | $35 | $35 | $35 | $3,373 |
Financing | $3,140 | $2,542 | $1,895 | $1,194 | $434 | $9,205 |
Depreciation | $6,903 | $3,422 | $3,147 | $2,538 | $1,691 | $17,701 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $21,117 | $12,208 | $12,102 | $9,960 | $11,344 | $66,731 |
Ownership Costs: 5-Year Breakdown
2020 Corvette Convertible Stingray 2dr Convertible w/3LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $1,025 | $1,056 | $1,087 | $1,120 | $1,154 | $5,442 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,991 | $35 | $35 | $35 | $35 | $4,131 |
Financing | $3,885 | $3,145 | $2,344 | $1,476 | $538 | $11,388 |
Depreciation | $9,948 | $5,628 | $4,033 | $3,664 | $1,512 | $24,785 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $25,710 | $15,064 | $13,484 | $11,417 | $11,320 | $76,995 |
Ownership Costs: 5-Year Breakdown
2020 Corvette Convertible Stingray 2dr Convertible w/2LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $1,018 | $1,049 | $1,080 | $1,112 | $1,146 | $5,405 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,689 | $35 | $35 | $35 | $35 | $3,829 |
Financing | $3,588 | $2,905 | $2,165 | $1,364 | $496 | $10,518 |
Depreciation | $7,118 | $4,902 | $4,089 | $3,683 | $1,491 | $21,283 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $22,274 | $14,091 | $13,354 | $11,316 | $11,249 | $72,284 |
Ownership Costs: 5-Year Breakdown
2020 Corvette Convertible Stingray 2dr Convertible w/1LT (6.2L 8cyl 8AM)
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Total | |
---|---|---|---|---|---|---|
Insurance | $1,013 | $1,043 | $1,075 | $1,107 | $1,140 | $5,378 |
Maintenance | $2,868 | $998 | $1,552 | $437 | $3,117 | $8,972 |
Repairs | $679 | $789 | $917 | $1,064 | $1,234 | $4,683 |
Taxes & Fees | $3,622 | $35 | $35 | $35 | $35 | $3,762 |
Financing | $3,522 | $2,851 | $2,125 | $1,339 | $487 | $10,324 |
Depreciation | $6,992 | $5,146 | $3,057 | $2,741 | $2,830 | $20,766 |
Fuel | $3,314 | $3,413 | $3,516 | $3,621 | $3,730 | $17,594 |
True Cost to Own® | $22,010 | $14,275 | $12,277 | $10,344 | $12,573 | $71,479 |
*Based on a 5-year estimate with 15,000 miles driven per year.
Shop nowLearn about the 2020 CorvetteTrue 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.
Edmunds Insurance Estimator
The Edmunds TCO® estimated monthly insurance payment for a 2020 Chevrolet Corvette in Ohio is:
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