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2003 Chevrolet Corvette
Invoice: $38,180 - $45,005
Miles Per Gallon
City: 18 MPG - 19 MPG
Highway: 25 MPG - 28 MPG
Body Style: Coupe, Convertible
Engines: 5.7L V-8 350 HP, 5.7L V-8 405 HP
It's hard to believe, but Chevrolet's fiberglass flyer turned 50 this year. That's half a century as America's premier sports car. Many Corvette owners have been attending events to celebrate. For most of those 50 years, the Corvette has been America's only true sports car, that is, the only U.S. production two-seater capable of real race-track performance. The Corvette has endured because it has always represented real performance value. We realize "value" may not be the first word that springs to mind when looking at a $50,000 sticker. But this fifth-generation Corvette (sometimes called the C5) delivers a combination of acceleration and handling matched only by the Dodge Viper, Porsche 911 and various exotics, all of which are far more expensive. There's really nothing quite like the Corvette. Sports cars in the C5 price range, such as the Mercedes-Benz SLK, BMW Z3, and Porsche Boxster, offer an entirely different driving experience. For 2003, the Corvette celebrates its longevity with a special 50th Anniversary Edition, featuring unique dark red paintwork and a "Shale" (gray-beige) interior color scheme. All 2003 Corvettes wear the 50th Anniversary logo and come with even more standard equipment than before. A new option called Magnetic Selective Ride Control promises better ride quality with the same handling precision that made the Corvette a legend.
Purchasing an older vehicle, such as the 2003 Chevrolet Corvette, makes good financial sense. You're able to avoid the steep depreciation rates that occur with brand new vehicles. This essentially gives you the advantage of getting a 2003 Chevrolet Corvette for less money than when it was new. If the 2003 Chevrolet Corvette was properly maintained, you also have a good chance of steering clear of problems that would have developed when the car was new.
The amount you pay for an older car depends on various factors. One important element is where you buy the vehicle. You're likely to get a better deal if you buy it from a private party, as opposed to a dealer. On the other hand, a reputable dealer will normally have some kind of limited warranty, so you can drive away knowing that if the car breaks down right away, you'll be covered. Another factor that may affect price on a 2003 Chevrolet Corvette is whether it's "certified" by the manufacturer. A certified vehicle will cost more because warranty service is provided that normally doesn't come with a used car.
Another dynamic that will play into the purchase price is the resale value. A used vehicle with a high resale value will obviously cost you more. It is expected that the 2003 Chevrolet Corvette will have a good resale value. This assumes that the 2003 Chevrolet Corvette is in good condition and has a reasonable number of miles.
Find a used 2003 Chevrolet Corvette for sale at CarsDirect.
