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Convertible, Premium
2011 Chevrolet Corvette
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The 2011 winner in the high-end convertible segment is a classic. The Chevrolet Corvette has turned heads for over 20 years, so winning in this category over stiff competition from Audi, BMW and Mercedes-Benz is special. A winner of Vincentric’s Best Value in America Award in 4 previous years, the Corvette’s better than average depreciation rate and repair costs resulted in an ownership cost 5.1% less than expected for a similarly priced vehicle in this segment.
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| 2011 Chevrolet Corvette Base 2D Coupe at |
| Cost Item |
Year 1 |
Year 2 |
Year 3 |
Year 4 |
Year 5 |
Total |
| Depreciation: |
$15,308 |
$3,916 |
$3,584 |
$2,500 |
$2,250 |
$27,558 |
| Fees & Taxes: |
2,647 |
140 |
141 |
124 |
126 |
$3,178 |
| Finance: |
2,066 |
1,658 |
1,224 |
764 |
276 |
$5,988 |
| Fuel: |
2,504 |
2,593 |
2,685 |
2,781 |
2,879 |
$13,442 |
| Insurance: |
1,329 |
1,312 |
1,295 |
1,279 |
1,264 |
$6,479 |
| Maintenance: |
107 |
107 |
225 |
2,464 |
225 |
$3,128 |
| Opportunity Cost: |
87 |
129 |
171 |
225 |
269 |
$881 |
| Repairs: |
0 |
0 |
424 |
706 |
706 |
$1,836 |
| Total: |
$24,048 |
$9,855 |
$9,749 |
$10,843 |
$7,995 |
$62,490 |
| Vincentric's Best Value in America awards are based on the model level average of all trim levels within the model. Ownership costs for each trim level are measured at annual mileages of 10,000, 15,000, and 20,000. Results shown above assume 15,000 miles per year for the trim level described. |
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