Used 2016 Chevrolet Corvette for Sale nearMemphis, TN

How much does the 2016 Chevrolet Corvette cost?

Prices have softened 2.23% compared to this time last year, making it a favorable time to shop this model year.

There are 1,061 listings available, which gives you a solid pool of cars to compare.

Is the 2016 Chevrolet Corvette a good car?

Yes — you’re looking at a 4.94/5 user-rated car with an 8.5/10 expert rating. The standout strength is Performance at 10/10.

Owners consistently praise its exceptional performance, strong value for money, sleek design, and modern interior features. The overview also makes clear that this is a car for you if you want a true sports-car experience with standout style and capability, especially if you value a driver-focused machine that feels special rather than merely practical.

The market also looks reasonably supportive, with 34.9% of listings marked as good or great deals.

Is the 2016 Chevrolet Corvette reliable?

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

User feedback points to a car that owners feel good about keeping and enjoying over time, with praise centered on performance, value, and the sense that it delivers what buyers want from a Corvette. The expert write-up also emphasizes that it’s a serious performance car with a well-developed powertrain and a chassis that can handle its output confidently.

The cost-effectiveness notes add that the Corvette offers a lot of performance for the money, which can help make ownership feel worthwhile. For used buyers, the main long-term risk is less about the car’s appeal and more about finding one that has been cared for properly, since condition and maintenance matter a lot in a performance car like this.

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

At 74.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle-history report and then prioritize a thorough pre-purchase inspection, especially on any car that has been modified, tracked, or shows signs of hard use. Because this model’s appeal is tied so closely to performance and equipment, you’ll want to focus on condition, maintenance records, and whether the car has the options you care about.

Key things to evaluate:

• Trim level: The base 1LT gives you the core Corvette experience, while 2LT adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. 3LT brings leather surfaces, Napa leather seating, navigation, and the Performance Data Recorder, so it’s the best-value choice if you want the most complete cabin and feature set.
• Powertrain: You get a 6.2-liter pushrod V8 with 455 horsepower and 460 lb-ft of torque, plus either a 7-speed manual or 8-speed automatic. The car is quick, with 0-60 mph runs in under 4 seconds, and the engine’s broad torque band makes it easy to drive hard or cruise comfortably.
• Safety package: The car includes 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 up.
• Infotainment: Dual 8-inch screens anchor the cabin, and Chevrolet MyLink includes phone, audio, and navigation functions when equipped. Apple CarPlay is included, and the system is paired with OnStar features for diagnostics, remote functions, and assistance.
• Fuel efficiency: The engine uses direct injection and cylinder deactivation to help with efficiency, and the tall 7th gear is designed for highway cruising. The car also uses premium fuel.

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 entry point and still gives you the core Corvette formula: the V8, the dramatic styling, and the performance that defines the car. It makes sense if you care most about driving experience and want to keep the purchase price lower.
• 2LT: This is the best-value trim for many shoppers because it adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. If you want a more comfortable and easier-to-live-with Corvette without jumping all the way to the top trim, this is the sweet spot.
• 3LT: This is the most luxurious version, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder. Choose it if you want the most upscale cabin and the most complete feature set.

All trims can add the Z51 Performance Package, which brings bigger brakes, dry sump lubrication, an electronic limited-slip differential, improved cooling, and summer tires.

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

This looks like a moderate, selective buyer’s market, so you can shop carefully and still find meaningful opportunities.

• Deal availability: 34.9% of listings are priced as good or great deals.
• Inventory: There are 1,061 listings available.
• Price trend: Prices have softened 2.23% compared with last year.
• Clean inventory: 74.4% of listings are accident-free.

If you find a listing below $54,074, 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 $55,985 sits slightly below last year's $57,261.

That kind of price movement suggests the market has eased a bit, which can help you buy more confidently now. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and equipment rather than assuming the car will hold a premium automatically.

Because this is a performance car, well-kept examples with desirable options should remain easier to move than neglected ones. If you maintain it carefully and keep the right records, you’ll be in a better position when it’s time to sell.

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?

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

The Corvette has not been rated by either NHTSA or IIHS.

It comes standard with 4 airbags, including side-impact airbags and a protective cell even on the convertible. You also get 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.

One important caveat is visibility: the low seating position and small windows make outward sightlines limited, so you’ll want to be especially careful in tight spaces and when merging or backing up.

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:

• 34.9% of listings are priced as good or great deals.
• At 74.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 2.23% compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The 2016 stands out for its updated interior, standard Apple CarPlay, and the way optional cooling, adaptive suspension, and bigger brakes can make it feel far more capable.

The bottom line: If you want the strongest mix of price, performance, and modernized cabin features, the 2016 is the one to target. If you’re especially price-sensitive, you can still shop carefully and focus on the best-maintained example rather than chasing the newest or most heavily optioned car.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.