Does The 2020 Chevrolet Corvette Stingray Really Cost Less Than $60,000? Here’s The Full Pricing Guide

Indeed, the Corvette Stingray does start under $60,000…just.

After its official reveal, we finally have official pricing for the 2020 Chevrolet Corvette Stingray. True to their word, GM did price the base model under $60,000, but only by a hair. That price does include destination, but be mindful of taxes, dealer fees and so on. So, in real terms, the new Corvette Stingray costs just over $60,000.

Even so, you still get quite a bit for the money. That is a premium on the old C7 Corvette, but you get an all-new model from the ground up, including that mid-engine platform. Mounted midships is GM’s new 6.2-liter LT2 V8 engine with 490 horsepower and 470 lb-ft of torque. Opt for the Z51 Performance Package, and that power figure goes up slightly to 495 horsepower.

The 2020 Chevrolet Corvette Stingray is available in three trims: 1LT, 2LT and 3LT. Naturally, heading farther up the ladder adds more standard features. Here’s a breakdown of each trim level and starting prices. Again, prices does include destination fees.

2020 Chevrolet Corvette pricing announced

1LT: Starts at $59,995

The 1LT is the jumping off point for the new Corvette Stingray. Here, you get the same performance as you would in the other trims. However, you get a 10-speaker Bose audio system, 8-way adjustable “GT1” seats, a drive mode selector, and all-season performance tires.

2020 Chevrolet Corvette pricing announced

2LT: Starts at $67,295

You’re jumping up in price by $6,300 to get the 2LT trim, but you end up with more creature comforts than in the base 1LT. Here, there are additional interior color options, as well as a 14-speaker Bose audio system. Heated and vented seats and a heated steering wheel come as standard fare. “GT2” seats finished in Napa leather are a $1,495 option. Finally, Chevrolet adds in a Head-Up Display and, for all you track enthusiasts out there, a Performance Data Recorder.

3LT: Starts at $71,945

Even at just over $70,000, the 2020 Chevrolet Corvette isn’t really a bad deal considering its claimed sub 3.0-second 0-60 time. Still, it’s an $11,950 jump over the base 1LT. For that, you get all the equipment you had in the 2LT, plus even more interior color options. You also get a custom leather-wrapped instrument panel and door accents, suede microfiber trim, and standard GT2 seats. Chevy’s “Competition” seats are available as a $500 option here, or a $1,995 option on 1LT and 2LT trims.

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Major options

Speaking of options, the highlight for all trim levels is the Z51 Performance Package. That’s available as a $5,000 option, regardless of which trim level you choose. Opting for the Z51 package adds Michelin Pilot Sport 4 Performance 3 Season tires, standard FE3 performance suspension with a further optional upgrade to FE4 suspension with GM’s Magnetic Ride Control, larger front and rear brakes, an extra radiator for better cooling, an electronic limited-slip differential, a larger rear spoiler and that slight power bump.

Magnetic Ride Control (FE4) is a $1,895 option in addition to the Z51 Performance Package (the Z51 package is required). A Performance Exhaust System (NPP) will set you back $1,195. Apart from that, there are a few wheel upgrades such as the Carbon Flash Open Spoke wheels, which cost $995. Other options range up to $1,495.

Check out the full guide here for more Corvette pricing details. Let us know how you’d spec your Corvette in the comments below.

Corrections 8/15/19: The prices listed here do include destination fees – we erroneously said they did not in our original post. The Magnetic Ride Control option does require the Z51 Performance Package. Corrected “LT1” and “LT2” errors to the actual trims, which are 1LT and 2LT respectively.