How much does the 2016 Chevrolet Corvette cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 951 listings available, which gives you a decent amount of inventory to compare before you buy.

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 — 4.94/5 owners rate it, and the expert rating is 8.5/10. The standout strength is Performance at 10/10.

Owners consistently praise the Corvette’s exceptional performance, sleek design, and strong value for money. The updated interior and modern tech also come through as recurring positives, which fits a car built for you if you want a sports car that feels special without chasing exotic-car pricing. The overview points to a car that blends thrilling acceleration with everyday usability, and the market still reflects that appeal with 30.2% 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.

The owner feedback points to a car that feels dependable and worth counting on, with satisfaction driven by performance, value, and the overall ownership experience. The expert evaluation also emphasizes the Corvette’s solid, well-sorted character and its ability to deliver serious capability without feeling fragile. The main used-buyer risk is that condition can vary a lot from one example to the next, so you should pay close attention to how the car was maintained and driven.

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 pre-purchase inspection, especially if the car has been modified or tracked. Focus on signs of hard use, uneven wear, and any evidence that the car’s performance hardware or electronics have been stressed. Because this is a sports car, condition matters as much as mileage, and a clean, well-kept example is worth more than a cheaper one with a questionable past.

Key things to evaluate:

• Trim level: The base 1LT keeps the Corvette’s core performance, but higher trims add meaningful comfort and convenience features. The 2LT brings heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display, while the 3LT adds leather surfaces, Napa leather seating, navigation, and the Performance Data Recorder. Magnetic Ride Control is offered across the lineup, and the Z51 package adds bigger brakes, dry sump lubrication, an electronic limited-slip differential, improved cooling, and summer tires.
• Powertrain: The Corvette uses a 6.2-liter V8 with 455 horsepower and 460 lb-ft of torque, and it can reach 60 mph in under 4 seconds. Direct injection and cylinder deactivation help with efficiency, and you can choose between a 7-speed manual and an 8-speed automatic.
• Safety package: Standard equipment includes 4 airbags, side-impact airbags, a protective cell, 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, Android Auto follows later, and OnStar adds connected features such as remote start/stop, diagnostics, maintenance notifications, and emergency assistance.
• Fuel efficiency: The V8 uses cylinder deactivation to help with efficiency, but it still expects premium fuel and an 18-gallon tank means 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:

• Base trim: The 1LT gives you the core Corvette experience, but it skips the comfort and convenience upgrades found higher up the range.
• Sweet-spot trim: The 2LT is the best balance for many buyers because it adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display without pushing you into the most expensive cabin upgrades.
• Premium/top trim: The 3LT is the most luxurious choice, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder as standard.

Magnetic Ride Control is available across the lineup, and the Z51 package adds performance hardware that many enthusiasts will want.

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

This is a moderate market for selective buyers, so you have room to shop carefully without expecting deep discounts on every listing.

• Deal availability: 30.2% of listings are priced as good or great deals.
• Inventory: There are 951 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 74.4% 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 $56,734 sits slightly above last year's $56,286.

That kind of pricing stability suggests the Corvette has held its appeal well, which is a good sign if you plan to sell later. A market that stays near last year’s level usually means buyers still see value in the car’s performance and image. Because demand remains tied to the Corvette’s strong enthusiast following, a clean example with good history should remain easier to move than a neglected one.

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 comes standard with 4 airbags, including side-impact airbags and a protective cell, plus four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control. Visibility is limited because of the low stance and small windows, so parking and backing up can take extra care. Higher trims add front- and rear-facing cameras to help with those situations.

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:

• 30.2% 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 held steady compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The 2016 stands out for its updated interior, dual 8-inch screens, and Magnetic Ride Control across all trims.

The bottom line: If you want a Corvette that blends standout performance, modernized cabin tech, and stable pricing, the 2016 is a strong target year. If you’re especially price-sensitive, you can still shop carefully for a well-kept example, but you should prioritize history and condition over chasing the lowest sticker.

These recommendations are based on CarGurus' proprietary market data from August 7, 2026, CarGurus experts' opinions, and generative AI.