CHEVROLET CORVETTE

Convertible, over $29,000

Chevrolet Corvette

It was a photo finish in the high-end convertible segment, with the Chevrolet Corvette, Toyota Camry Solara, and the BMW Z4 all having a justifiable claim to be #1. The Z4 is best for with low annual mileage, and the Solara is tops for high mileage drivers. But the Corvette takes the award due to its consistent performance for the typical, mid-range mileage driver.
 
2007 Chevrolet Corvette Base 2D Convertible*
Cost Item Year 1 Year 2 Year 3 Year 4 Year 5 Total
Depreciation:  $13,938 $3,452 $3,154 $3,069 $2,983 $26,596
Fees & Taxes : 3008 153 152 137 138 $3,588
Finance:  3051 2459 1824 1144 414 $8,892
Fuel:  1776 1839 1904 1972 2042 $9,533
Insurance:  2129 2140 2150 2161 2172 $10,752
Maintenance:  94 94 212 2412 212 $3,024
Opportunity Cost: 716 1068 1414 1886 2295 $7,379
Repairs:  0 0 186 310 310 $806
Total $24,713 $11,205 $10,997 $13,091 $10,568 $70,570
*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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