Used 2016 Chevrolet Corvette for Sale near Illinois

How much does the 2016 Chevrolet Corvette cost?

Prices have softened 1.15% compared to this time last year, making it a favorable time to shop this model year.

With 1,015 listings available, you have a meaningful amount of inventory to compare across trims and conditions.

If you find a listing below $54,108.23, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Corvette a good car?

Yes — it earns a 4.94/5 user rating and an 8.5/10 expert rating. The standout strength is Performance at 10/10.

Owners consistently praise its exceptional performance, strong value for money, and sleek design, while also appreciating the modern interior features. The overview frames it as a special-occasion sports car with futuristic and nostalgic styling, plus performance that feels far more expensive than the price suggests.

With 31.8% of listings priced as good or great deals, you still have room to shop selectively.

Is the 2016 Chevrolet Corvette reliable?

Owners rate it 4.94/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that feels exceptional, valuable, and satisfying to live with over time, with many reviewers highlighting its performance and design in a positive way. The expert evaluation also emphasizes that the Corvette delivers serious capability without feeling like a fragile novelty, which supports the case for dependable ownership when the car has been cared for properly.

The main used-buyer risk is condition-related rather than reputation-related, so a careful inspection matters more than chasing mileage alone.

What should I look for when buying a used 2016 Chevrolet Corvette?

Accident-free inventory is solid at 75.2% — always verify the vehicle history report.

You should still check the history report carefully, because a sports car like this can hide hard use even when it looks clean on paper. Prioritize a pre-purchase inspection that focuses on wear, signs of abuse, and whether the car has been maintained consistently. Pay close attention to the condition of the interior and any signs that the car has been driven hard or stored poorly.

Key things to evaluate:

• Trim level: The 1LT, 2LT, and 3LT packages separate the Corvette by comfort and convenience, with the base setup keeping things simpler while higher trims add heated and ventilated seats, curb-view cameras, Bose audio, a heads-up display, leather surfaces, Napa leather seating, navigation, and the Performance Data Recorder. The best-value trim is the one that gives you the features you actually want without pushing you into extras you will not use.
• Powertrain: You get a 6.2-liter pushrod V8 with strong low-end torque, a 7-speed manual, or an 8-speed automatic. The engine uses direct injection and cylinder deactivation, and the car is tuned to deliver serious performance without needing to be revved hard all the time.
• Safety package: The car comes standard with 4 airbags, four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control. Higher trims add front- and rear-facing cameras to help with parking and backing out.
• Infotainment: Dual 8-inch screens anchor the cabin, and Chevrolet MyLink includes phone, audio, and navigation when equipped. Apple CarPlay is included this year, with Android Auto to follow later, and OnStar adds connected features.
• Fuel efficiency: The V8 uses cylinder deactivation to help efficiency, but it still expects premium fuel and frequent fill-ups.

Which 2016 Chevrolet Corvette trim should I buy?

The 2016 Chevrolet Corvette is offered in 3 trim levels: 1LT, 2LT, 3LT.

Here's the short version:

• 1LT: This is the simplest way into the Corvette experience, and it still gives you the core performance and styling that make the car special. Choose it if you care most about the driving experience and want to keep the price closer to the entry point.
• 2LT: This trim adds a more comfortable daily-driving setup with heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. It is the best-value trim for many shoppers because it adds meaningful convenience without going all the way to the top.
• 3LT: This is the most luxurious version, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder as standard. Pick it if you want the most complete cabin and do not mind paying for the extra equipment.

Higher trims also bring front- and rear-facing cameras to help with parking and backing out.

Is now a good time to buy a used 2016 Chevrolet Corvette?

This is a moderate market for selective buyers, so you can shop carefully without feeling rushed.

• Deal availability: 31.8% of listings are priced as good or great deals.
• Inventory: There are 1,015 listings available.
• Price trend: Prices have softened 1.15% compared with last year.
• Clean inventory: 75.2% of listings are accident-free.

If you find a listing below $54,108.23, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Corvette's resale value?

The current average of $57,069 sits slightly below last year's $57,733.

That mild decline suggests the market has softened a bit, which can help you as a buyer today but may temper short-term upside if you plan to resell quickly. For a future seller, the key takeaway is that pricing remains relatively stable rather than collapsing, so a well-kept example should still hold meaningful demand. The Corvette's strong enthusiast appeal and performance reputation should continue to support interest from shoppers who want a special sports car.

Vehicles with strong owner satisfaction ratings, like this model year's 4.94/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Chevrolet Corvette safe?

The Chevrolet Corvette has not been rated by the National Highway Traffic Safety Administration nor the Insurance Institute for Highway Safety.

It earns a 7/10 safety score from our experts.

The Corvette comes standard with 4 airbags, including side-impact airbags and a protective cell, even on the convertible. Four-wheel antilock brakes complement automatic seat-belt pretensioners, and electronic stability control is mandatory. Visibility is limited because of the low-slung shape and small windows, so the cameras available on higher trims can be especially helpful.

Should I buy a 2016 Chevrolet Corvette or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 31.8% of listings are priced as good or great deals.
• Accident-free inventory is solid at 75.2% — always verify the vehicle history report.
• Price trend: Prices have softened 1.15% compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The updated interior and stop-traffic performance make this year especially appealing.

The bottom line: If you want the Corvette with the updated interior, strong performance, and a market that still offers some negotiating room, the 2016 is a compelling choice. If you are especially price-sensitive, you can use the softened pricing and decent deal availability to focus on the cleanest, best-maintained example rather than stretching for the newest or most heavily optioned one.

These recommendations are based on CarGurus' proprietary market data from September 4, 2026, CarGurus experts' opinions, and generative AI.