Regular readers of this blog know about my affection for the Corvette, a vehicle I have yet to own. (Because life is unfair.)
Corvsport suggests othwersie (boldface theirs):
Almost since its introduction 65 years ago, there has been a stigma in the automotive community that Corvettes are only driven by older, financially-well-off members of society. This reputation exists because of the common belief that these are the only people that can afford them. To the casual observer, this “stereotype,” (for lack of a better word,) tends to ring true.
When looking at the average age of active members is most Corvette clubs, or when frequenting car shows where Corvettes are on display, the owners do tend to be on the more mature side of the age spectrum. The seemingly obvious conclusion people come to is this – Corvettes are expensive and therefore require a budget that is free from the many financial burdens that are often connected with many of the younger demographics – such as paying for college, buying a house, raising a family, etc.
While the above argument sounds reasonable, and may even prove to be true in some instances, there are a number of Corvettes in the used car market that make ownership more affordable today than ever before in the brand’s history. While a 1963 Split-Window coupe is still going to be financially out of reach for many of us, there are whole generations of Corvettes that can be purchased today for under $20k, and some now sell for less than $10k, thereby throwing those earlier claims of “senior-level-affordability” right out the window!
To help illustrate this point, and to help potential future owners find their first Corvette, we decided to collect some pricing data on eight of the most affordable Corvette models in today’s used car market. In each instance, we shopped for the same car in five different cities across the United States and then calculated the average price of each model to provide the prices you see listed below. Although these dollar amounts are an average, they reflect the pricing (+/- $1,500) listed on each car we researched in each of the surveyed markets.
Here then is our list of Corvette models that can readily be purchased by just about anyone (from most-to-least expensive (on average)):
Average Price: $20,215.00
It may come as a surprise to many Corvette enthusiasts, but it is possible to find a low-mileage C6 Corvette for right around $20k.
The 2005 Corvette, which featured a 400 horsepower LS2 V8 engine and could be ordered with all sorts of cool options, has become surprisingly affordable over the past couple of years. Some say its because the 2005 Corvette was the first model year of the new generation, making it “more prone to issues” commonly associated with the roll-out of a new production vehicle. However, the 2005 Corvette includes a proven powerplant that promises exhilarating horsepower and performance. Moreover, it features a re-designed exterior that many enthusiasts praise as an improvement over the outgoing C5 model.
It should be noted however that the C6 Corvette was far more than just a redesign of its predecessor. GM engineers had approached the redesign of the Corvette with the understanding that, for the first time in the brand’s history, they were going to build an all-out sports car. In addition to tremendous acceleration and top-end power, the 2005 Corvette also featured strong stopping power and race-car worthy cornering. The sixth-generation Corvette provided owners with a driving experience that was far more refined than any of the earlier Corvettes that had come before it.