With the launch of the all-new mid-engine Corvette C8, Chevy had some customers canceling orders of the current-generation model. So, during the month of February 2020 a new Chevrolet Corvette discount drops the price of select 2019 models by nearly $9,000. The offer is a bit less generous than the $12,000 discount offered in December 2019.
In addition to the headlining offer, Chevy is also offering interest-free financing for select 2019 Corvette models.
The nationwide Chevrolet Corvette discount offers in February 2020 are as follows:
- Retail Offer: $6,338 Employee Discount for Everyone + $2,000 Cash Allowance
- Total discount: $8,338 price reduction below MSRP
- Price reduction amount is model-dependent
- Example based on a 2019 Chevrolet Corvette Z06 with an MSRP of $96,425
- Finance Offer: 0 percent APR for 72 months when borrowing from GM Financial
Shoppers should note that the above incentive is rather significant, as this is still one of the largest discounts ever offered for the nameplate during its lifecycle.
Additionally, the incentive is listed under the Z06 model on Chevy’s website, but is not listed under the Stingray, Grand Sport, or ZR1 models. While the example offer provided by Chevy is for a Z06 model, there isn’t a clause restricting the incentive to Z06 models. We previously reached out to various sources at Chevrolet dealers and they have confirmed that, in similar situations, the Corvette discount applied to any 2019 Corvette, including the Stingray, Stingray Z51, Grand Sport, Z06, and ZR1. As such, it is more than likely that this current incentive applies to all models as well. We recommend checking in with your local dealer for confirmation.
For reference, here are 2019 Corvette trim levels and their corresponding starting MSRPs, $1,095 destination freight charge included:
- Stingray 1LT – $56,995
- Stingray 2LT – $61,450
- Stingray 1LT w/ Z51 – $61,995
- Stingray 2LT w/ Z51 – $66,450
- Stingray 3LT – $66,740
- Stingray 3LT w/ Z51 – $71,740
- Grand Sport 1LT – $66,995
- Grand Sport 2LT – $71,450
- Grand Sport 3LT – $76,740
- Z06 1LZ – $81,995
- Z06 2LZ – $85,560
- Z06 3LZ – $90,940
- ZR1 1ZR – $121,995
- ZR1 3ZR – $131,995
When applied to a 2019 Z06 model with an MSRP of $96,425, the headline-making Corvette discount offer lowers the price to $88,087.
The lofty Chevrolet Corvette discount is a rare occurrence, as the Bow Tie brand seldom offers cash-based discounts on the sports car. It’s rather obvious that the purpose of the offer is to get shoppers who are on the fence about buying a C7, or waiting for the upcoming 2020 Corvette, to go for the C7. The all-new, mid-engine Corvette (aka the Corvette C8) was revealed on July 18th, and production is now under way.
- Must take delivery by March 2nd, 2020.
- See dealer for details.
- Incentive for the United States of America, unless otherwise specified.
- Some customers may not qualify for this offer.
- Offer not available with special finance, lease, and some other offers.
We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. GM Authority will not be held responsible for any misprints, typos or any other errors.
About Chevrolet Corvette
The ChevroletÂ Corvette is a lineup ofÂ sports carsÂ sold globally. SlottingÂ above theÂ Chevrolet CamaroÂ asÂ Chevrolet'sÂ flagship sports car, the CorvetteÂ lineupÂ consists of the "base" Corvette Stingray, mid-level Corvette Grand Sport, Corvette Z06 andÂ range-topping Corvette ZR1.
The 2018 Corvette represents the fifth model year of theÂ seventh-generation (or C7) Corvette.Â Despite itsÂ age, the vehiclesÂ remains highly competitive in its segment. For the 2019 model year, the CorvetteÂ discontinues theÂ Carbon 65 EditionÂ whileÂ gaining the 2019 Corvette ZR1Â in Coupe and Convertible forms, along with two new colors - Elkart Lake Blue Metallic and Shadow Gray Metallic.
Chevrolet is working on a next-, eighth-generationÂ Corvette. The modelÂ is expected to beÂ mid-, rear-engined, allowing it to push the performance envelope even further that the C7.Â See more on the rumoredÂ mid-engine Corvette.Â Though it was previously believed that theÂ C7 generation will be discontinued when the mid-engined model is introduced, we now have reason to believe that the model will continue being offeredÂ alongside the mid-engined model.
TheÂ Corvette is builtÂ exclusively at theÂ GM Bowling Green plantÂ in Bowling Green, Kentucky, USA.
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