Here’s How Much A 2020 Corvette C8 Stingray Costs Today

Few sports cars carry the kind of cultural weight that the Chevrolet Corvette does. For more than six decades it has set the benchmark for American performance, and the eighth-generation C8 — the first mid-engine Corvette in the model’s history — raised that bar dramatically when it arrived for 2020. Now that first-year C8 has had time to settle into the used market, and the numbers are telling an interesting story for buyers who want serious supercar performance without the new-car premium. Here’s a detailed look at what a 2020 Corvette C8 Stingray actually costs today, and whether it’s worth your money.

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The “Stingray” nickname was given to the Corvette with the launch of its second generation (C2) in 1963, and the moniker continued into the third generation (C3) until 1982. After that, it wasn’t until 2014 and the C7 generation that Chevy once again started using the Stingray badge for the base Corvette.

You Can Snag A 2020 Corvette Stingray Is A Great Used Deal In 2025

Chevrolet made the 2020 Corvette C8 Stingray available in six different trim levels: 1LT Coupe, 2LT Coupe, 3LT Coupe, 1LT Convertible, 2LT Convertible, and 3LT Convertible. When it first hit the market, a new C8 Stingray 1LT Coupe carried a starting price of $58,900 — before delivery fees or additional costs such as dealer markups. The 1LT Convertible started at $66,400.

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As the middle trim, the 2LT Coupe had a starting price of $66,200, while the 2LT Convertible carried an MSRP of $73,200. Topping the lineup, the 3LT Coupe started at $70,850, and the 3LT Convertible commanded a starting price of $77,950.

2020 Corvette C8 Stingray Average Values

(Sources: Kelley Blue Book, Edmunds)

Over the last five years, the 2020 Stingray has held its value quite well. Per Kelley Blue Book, a 2020 Chevrolet Corvette Stingray in excellent condition carries a resale value of around $50,710 and a trade-in value of approximately $48,401. According to Edmunds, the average 2020 Corvette Stingray in good condition has experienced a depreciation of roughly $18,859 over five years. That’s still a strong result: Lending Tree notes that the average new car retains only about 40% of its original value after five years, whereas the 2020 C8 Stingray is holding closer to 70% — as the chart above illustrates.

Even though the 2020 Stingray models are holding their value quite nicely, you can still find a 2020 model-year Stingray at a pretty affordable price — great news for hardcore Stingray enthusiasts. According to Edmunds, buyers could snag a 2020 Corvette 1LT Coupe for just under $35,000.

At that lower price point, you’d naturally be looking at a car with more miles and wear than average. If you want the 2020 model that has held its value best, that distinction goes to the 2LT Convertible trim, which originally started at $73,200 and retains a retail price of around $47,061 in outstanding condition — representing nearly 65% of its original value after five years on the road, which is genuinely impressive.

A Look At The 2020 Corvette C8 Stingray’s Powertrain

The 2020 Corvette C8 Stingray Specs

(Source: Kelley Blue Book)

All three 2020 Corvette Stingray trims — 1LT, 2LT, and 3LT — share the same powertrain. The most significant engineering story, however, is the layout: for the first time in Corvette history, the C8 places its V8 behind the cabin in a true mid-engine configuration. The 2020 C8 Stingray is powered by the new LT2 6.2-liter V8, which brings stainless steel headers, new side-mounted radiators, and a revised intake and exhaust compared to the C7’s LT1.

In standard trim, the LT2 V8 produces an impressive 490 naturally aspirated horsepower. The mid-engine layout improves weight distribution and traction off the line, helping the Stingray sprint to 60 mph in a remarkable 2.8 seconds on its way to a top speed of 194 mph. Chevy also offers the optional Z51 Performance Package, which revises the exhaust, adds enhanced cooling and aerodynamic upgrades including a prominent rear wing, and extracts an additional 5 hp and 5 lb-ft of torque for track-focused buyers.

Another landmark first for the 2020 Corvette is its transmission. All C8 Stingray models use an eight-speed dual-clutch automatic as the sole gearbox option — a first for the Corvette nameplate. Drivers can select gears via a push-button selector on the center console or through two large steering-wheel-mounted shift paddles. Manual transmission fans will be disappointed to learn that no stick-shift option is offered. That said, the 2020 Stingray does provide six drive modes — including Sport, Touring, and Z-Mode — each tuned to deliver a distinct driving character.

The 2020 Corvette C8 Stingray’s Standard Features

With the mid-engine design, the cabin sits closer to the Stingray’s nose than in any previous Corvette. Despite the compact footprint, drivers still have access to both a front and rear trunk. The standard interior features a 12-inch reconfigurable gauge display, a large touchscreen infotainment system angled toward the driver, and a squared-off steering wheel that looks as purposeful as it feels. Materials throughout include leather, metal, and imitation suede, maintaining the premium feel the Corvette is known for.

All trims, including the Coupes, feature a removable roof panel, continuing a long Corvette tradition. The distinction between Coupe and Convertible trims is convenience: the Convertible uses a one-touch button to retract the roof, while the Coupe requires a bit more manual effort. Here’s a closer look at the standard features across all three trim levels.

2020 Chevrolet Corvette Stingray 1LT

Despite being the base trim, the 2020 1LT Stingray is anything but basic. This trim level is still a high-performance sports car and is outfitted as such. Key features include keyless entry and start, a standard rear camera, a leather-wrapped steering wheel, and LED headlights with accented running lights.

2020 Chevrolet Corvette Stingray 2LT

Arguably, the 2LT delivers the most bang for your buck when it comes to standard equipment. Stepping up from the base trim brings a navigation system, a 14-speaker audio system, and a digital rearview display for improved visibility. The seats are power-operated, heated, ventilated, and feature memory settings with power lumbar and bolster control. Additional perks include a wireless charging pad, a heated steering wheel, and heated side mirrors with integrated turn signal indicators.

2020 Chevrolet Corvette Stingray 3LT

The most premium Stingray trim, the 3LT doesn’t add many new features over the 2LT, but it elevates the overall feel and material quality throughout the cabin. It features a leather-wrapped dashboard, door panels, and center console. While the standard GT1 seats are the same as in the 2LT, buyers can upgrade to deeply bolstered GT2 seats with carbon fiber trim for a sportier feel.

Overall, if you’re looking for the most affordable entry into 2020 Corvette ownership, the 1LT Coupe is your starting point. If you want the best balance of features and value, a used 2LT Coupe or 2LT Convertible is the sweet spot.

Sources: Chevrolet, Kelley Blue Book, Edmunds.