Chevrolet Corvette Discount Reaches Nearly $9,000 In February 2020

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 Incentives

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 18^th, and production is now under way.

Disclaimers

• Must take delivery by March 2^nd, 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.