Chrysler added two new trims to the Sebring family in 2002. The new GTC was a sport-focused addition to the convertible lineup, and the LX Plus sedan offered a longer list of standard equipment than the base LX. The price of LX convertible has been lowered to reach more potential buyers, but it now has a less powerful engine and fewer amenities.

Otherwise, the Sebring trim levels are unchanged. The convertible is offered in LX, LXi, Limited, and GTC styles. Both the sedan and the coupe are offered with the LX or LXi finish. All Sebring models are front wheel drive.

Chrysler has made some engine changes, but the same power plants return. The 2.4 liter inline four, found in the LX Coupe, LX Sedan, and LX plus sedan, is now under the hood of the LX Convertible. This engine generates 150 horsepower and 167 pound-feet of torque on all models except the LX Coupe. The Coupe is supplied with 142 horsepower. The LXi Coupe continues as the only model to house the 3.0 liter V-6. This engine produces 200 horsepower and 205 pound-feet of torque, and is paired with a five-speed manual transmission. The LXi Convertible, Limited Convertible, and LXi sedan are powered by the 2.7 liter V-6, which makes 200 horsepower and provides 192 pound-feet of torque. Mixed driving MPG is in the mid-20s on all models, regardless of the engine.

Owners have been impressed with the power and the features they get for the price on most models. A 2001 redesign brought forth a bolder and more attractive looking car, and design is often cited by consumers as a favorite feature. The Sebring's handling is also at the top of the list.

Chrysler vehicles have continued to be plagued by build quality issues. Consumers have reported numerous nagging problems, which include brakes, HVAC, electrical systems, gauges and fuel injection. Owners have also been disappointed with poor service and a surprising low resale value.