2021 chevrolet corvette
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2021 Chevrolet Corvette

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2021 Chevrolet Corvette
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What you must know before buying the Chevrolet Corvette

John Diether
Automotive Editor - September 8, 2020
  • 2020 Corvette hard to find; 2021s available for order
  • Selling above MSRP in some areas
  • No lease offers yet
  • See dealers for APR offers

New generation is here:

The all-new 2020 Corvette remains a hot commodity and is extremely hard to find. The mid-engine coupe offers up to 495 hp with the optional Z51 Package. The base Stingray starts at about $60,000, but is the rarest of all. Some dealers are charging markups up to $10,000. The convertible version is nearly impossible to find.

Chevy stopped taking orders for the 2020 Corvette a few months ago, which means you might have to wait until the 2021 model year to get one. The 2021 Corvette is available for order, and deliveries should begin late this year. Pricing is virtually the same — only the Z51 Package shows a slight increase.

Needless to say, there aren't factory incentives on the 2020 or 2021 Corvette, and we might not see any until next year.

For the rest of the Chevy line, current offers are available on a national basis and will expire September 30, 2020.

Pricing outlook:

It's possible Chevy will offer a loyalty bonus to returning Corvette owners later in the year. This will probably be your only opportunity for savings on a 2020 model.

What to expect on lease:

There are no factory lease offers yet on the 2020 Corvette. You'll have to drill down to individual dealers to see what's available. As with buying, expect to pay full price for whatever model you can find.

If you finance:

Chevy isn't offering any promotional rates on the 2020 Corvette. You can probably find competitive rates at the dealer, but we still recommend comparing any offers to what's available at your bank or credit union.

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Based on 2021 Chevrolet Corvette Stingray w/1LT 2dr Coupe - MSRP $59,995

Best Chevy Deals & Lease Offers In September

Chevy's incentives present fair deals whether you prefer to buy or lease. Interestingly, not many models in the lineup feature promotional financing offers. Rates can reach... View All Chevrolet Lease Deals

2021 Chevrolet Corvette: Model Preview

Justin Cupler
Automotive Editor

Model Preview

In 2020, the Chevy did what few ever expected it to do with the Corvette; it moved the engine behind the seats, giving it a mid-engine format and supercar-like body proportions. With this look still fresh and plenty of inventory issues holding it back in its first model year, we expect the 2021 Corvette to be a carryover model.

The new-generation Corvette dominated headlines with its mid-mounted engine, which pushed the cabin forward, shortened the hood, and gave the back end supercar like looks. This look may have lost it a few fans from the traditionalist side, but it led to a whole new generation of fans who’d been looking for something different from the premium sports car segment. We expect this design to carry on with no changes – other than maybe a few new colors – in the 2021 Corvette.

Inside, the new-generation Corvette took a huge step forward with its cockpit-like design, high-rising divider, and a plethora of the latest tech. The latter included a standard 12-inch digital instrument cluster, 4G LTE Wi-Fi, a 10-speaker Bose audio system, an 8-inch touchscreen, Apple CarPlay, Android Auto, and more. Buyers could also opt for a 14-speaker audio system, heated and cooled seats, a head-up display, a wireless phone charger, and more. We expect the looks and features to remain the same inside the 2021 ‘Vette.

Chevrolet Corvette

Under its rear hood, the 2020 Corvette came standard with a 6.2-liter V8 engine that pumped out 490 horsepower and 465 pound-feet of torque. This power headed through a standard eight-speed dual-clutch transmission and out to the rear wheels for a three-second 0-60 time. Moving to the Z51 package added 5 hp, 5 lb-ft of torque, and stickier tires, which shaved 0.1 seconds off the sprint time. We expect this base engine to remain the same in the 2021 Corvette, but there are reports of a 600-plus-horsepower Z06 model with a 5.5-liter flat-plane-crank V8 behind the seats arriving sometime in the 2021 or 2022 model year.

Of course, the 2020 Corvette lacks safety ratings, as the NHTSA and the IIHS haven’t tossed it into any walls. What we know is it lacks many of the key advanced safety features standard on vehicles a fraction of its cost, including forward-collision warning and automatic emergency braking. Buyers could, however, opt for front and rear cameras, rear cross-traffic alert, and blind-spot monitors. We expect the lack of safety ratings and advanced safety features to remain in the 2021 Corvette.

This mid-engine sports car will battle the Jaguar F-Type, Audi R8, and Porsche 911.

Check prices for the 2021 Chevrolet Corvette »

Pictured: 2020 Chevrolet Corvette

The Car Connection Awards and Rankings


The Chevrolet Corvette

2019 Driver's Choice

User's Favorite

  • Best Performance Car Winner

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