Used 2016 Chevrolet Corvette for Sale nearRichmond, VA

How much does the 2016 Chevrolet Corvette cost?

Prices have softened 2.45% compared to this time last year, making it a favorable time to shop this model year.

There are 1,049 listings available, which gives you a solid amount of inventory to compare.

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, sleek design, and modern interior features. For you, that means this model year makes the most sense if you want a used sports car that prioritizes speed and style while still offering a more updated cabin than older Corvettes.

The market also shows 32.3% of listings as good or great deals, which suggests there are worthwhile opportunities if you shop carefully.

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 is exceptional, dependable in the sense that it delivers the performance and value they expected, and worth buying when it has been well cared for. The expert review also emphasizes that the Corvette’s performance hardware is substantial and that the car can be a serious machine when properly equipped.

The cost-effectiveness notes also suggest that ownership can become more expensive once you add performance and comfort options, so your long-term risk is less about basic appeal and more about finding one that has been maintained carefully and not overused.

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

At 74.6% 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 focus your inspection on signs of prior damage, poor repairs, or heavy wear. Because owner feedback mentions concerns like cigarette smoke smell in some used examples, condition matters as much as mileage. You should also pay close attention to whether the car has the equipment you want, since the model’s appeal changes a lot with added performance and comfort features.

Key things to evaluate:

• Trim level: The 1LT, 2LT, and 3LT packages separate the lineup, and the biggest gaps are in comfort and convenience. The 1LT is the simplest setup, while the 2LT adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. The 3LT adds leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder, so it is the trim to target if you want the most complete cabin.
• Powertrain: You get a 6.2-liter pushrod V8 with strong low-end torque and quick acceleration. The car can run to 60 mph in under 4 seconds, and the manual and automatic transmissions are both described as well matched to the engine’s power delivery.
• Safety package: The car comes standard with 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 out.
• Infotainment: Dual 8-inch screens, Chevrolet MyLink, Apple CarPlay, and OnStar are part of the tech story. The system is described as bright and easy to use, and the basic OnStar package is included for 5 years on new buyers.
• Fuel efficiency: The V8 uses cylinder deactivation and direct injection, and the tall 7th gear is designed for highway cruising. The car requires premium fuel, so you should factor that into ownership costs.

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 it gives you the Corvette experience with the core performance and styling intact. If you care most about getting into the car at the lowest price, this is the trim to start with.
• 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 livable used Corvette without jumping all the way to the top trim, this is the one to focus on.
• 3LT: This is the most fully equipped version, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder. Choose this if you want the most upscale cabin and the most complete feature set.

Higher trims also bring front- and rear-facing cameras, which can be especially helpful given the car’s limited visibility.

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

This is a moderate market for selective buyers, so you can shop with some leverage if you know what you want.

• Deal availability: 32.3% of listings are priced as good or great deals.
• Inventory: There are 1,049 listings available.
• Price trend: Prices have softened 2.45% compared with last year.
• Clean inventory: 74.6% of listings are accident-free.

If you find a listing below $54,086, 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 $56,676 sits slightly below last year's $58,099.

That tells you the market has eased a bit, which can help you as a buyer now but may also mean a future seller has less room to count on appreciation. If you buy carefully and keep the car in strong condition, you should be better positioned to preserve value than someone who buys a rough example.

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, automatic seat-belt pretensioners, and electronic stability control are also standard. Higher trims add front- and rear-facing cameras to help with parking and backing out.

You should keep in mind that visibility is limited because of the car’s low stance and small windows, so careful test-driving and parking awareness matter more than they would in a typical used car.

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:

• 32.3% of listings are priced as good or great deals.
• At 74.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 2.45% compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The 2016 stands out for its updated interior and blinding performance, with optional cooling, adaptive suspension, and bigger brakes that can make it feel far more capable.

The bottom line: If you want the strongest mix of price, performance, and modernized cabin feel, the 2016 is the one to target. If you are especially price-sensitive, you can still shop nearby years, but the 2016’s softened pricing and strong owner satisfaction make it the more compelling buy when you find a clean, well-equipped example.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.