los angeles cars & trucks - by owner "corvette" - craigslist (2024)

FAQs

What is the average income of a Corvette owner? ›

While we're talking demographics, a Chevrolet spokesman told FOX Business that the median income of a 2020 Corvette buyer was $76,000 higher than last year's C7 owner. That puts the C8 owner's yearly income in the range of $214,000.

In theory, any time is the best time to buy a classic Corvette. These vehicles hold their value surprisingly well and their value only increases as the years go by and the number of Corvettes still on the road slowly dwindles.

Most Corvette owners live in the states of California, New York, Texas, and Florida. In fact, Florida ranked the highest on Corvette ownership on total volume as well as per capita. Other popular Corvette states include Kentucky, Michigan, Tennessee, and South Carolina.

Statistical analysis of the automotive resale market shows the Chevy Corvette to be one of the top 25 models which experience the lowest five-year depreciation from their initial purchase value, a new study shows.

The average lease payment for the Chevrolet Corvette is $1,164/mo with $2,000 due at signing for a 36-month term with 12,000 annual mileage limit. Average monthly lease payments for the same deal but with 24-month or 48-month term lengths are $1,516/mo and $1,072/mo respectively.

Quick Answer - Avoid C6 Corvette Year Models 2005, 2006, 2007, 2009, and 2013. The C6 Corvette was only on the market from 2005-2013, so there aren't too many models to analyze. However, it's clear which ones are better than the others. We recommend staying away from the 2005, 2006, 2007, 2009, and 2013 models.

Chevrolet Corvette Maintenance Costs. A Chevrolet Corvette will cost about $7,714 for maintenance and repairs during its first 10 years of service. This is more than the industry average for popular coupe models by $291. There is also a 20.36% chance that a Corvette will require a major repair during that time.

The average rate for full coverage auto insurance for a Corvette is $2,633 per year compared to the average national rate of $2,014. However, minimum coverage is slightly cheaper than the national average. The average annual minimum rate for the Corvette is $529 compared to the national average rate of $622.

Corvettes Are the Ultimate “Low Rider”

First, ask any non-Corvette automobile enthusiast what the biggest downside to a Corvette is, and the majority will readily reply that “the car sits too low!” They're not entirely wrong, though there are also plenty of cars that sit just as low a Corvette, and some sit even lower.

How much should I spend on a car if I make $100,000? ›

50% of Your Income Across All Vehicles

Similarly, if your family earns $100,000 per year total, the total value of all of your vehicles shouldn't be worth more than $50,000.

The Poor Man's Corvette: 1970 Opel GT.

Auto research firm Edmunds reports 33% of Corvette buyers were age 65 or older in 2019, up from about 28% in 2013. About 61% of buyers were 55 or older through 2019, according to Edmunds. “Corvette is an aging buyer,” said Jessica Caldwell, Edmunds executive director of industry analysis.

Zora Arkus-Duntov was all these things. Car enthusiasts know Duntov as the patron saint of the Corvette. But he was much more than that. He was a man who packed the experiences of nine or ten lifetimes into one-a man who defines the term “living on the edge.”

Heading into 2014, the average Corvette buyer was 59 years old (per Strategic Vision). Many thought the revolutionary design of the C7 would help bring in the younger generation (and it did to some degree), but the average Corvette customer's age in 2019 had still climbed to 61 years old.

A 2023 Corvette has roughly a 6.5% profit margin from MSRP to invoice. An $80,000 MSRP car will have roughly $5200 in markup.