CHEVROLET CORVETTE

Sports Car, over $41,000

Chevrolet Corvette

It was a three-peat for the Chevrolet Corvette in the Sports Car, over $41,000 segment. Just as it did in 2005 and 2006, the Corvette combined high demand, high performance, and high value to provide cost of ownership that was an incredible 15% lower than expected. 
 
2007 Chevrolet Corvette Z06 2D Coupe*
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation: $5,434 $6,718 $6,359 $6,000 $5,743 $30,254
Fees & Taxes : 3937 189 186 168 167 $4,647
Finance:  4018 3238 2402 1506 546 $11,710
Fuel:  1968 2038 2111 2186 2263 $10,566
Insurance:  2288 2300 2311 2323 2335 $11,557
Maintenance:  96 96 214 2389 214 $3,009
Opportunity Cost: 900 1315 1719 2248 2715 $8,897
Repairs:  0 0 222 369 369 $960
Total $18,642 $15,894 $15,523 $17,188 $14,352 $81,600
*The data displayed here is for the specific model and trim identified.  The award is based on an average of all trims combined as of January, 2007.

 

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