Here’s a summary of the pros and cons of the C5 Corvette:
PROS CONS
Improved engine power compared to previous modelsHigh production numbers equals low collection valueIncreased use of technology
Technology is becoming obsoleteImproved weight handling and distribution due to cross-axle driveLow suspension chassis compromises capability driveability and generates stone chipsEasier to use than previous VettesPop-up headlights and other electrical systems tend to fail.
Light, reasonable fuel economy
A steering wheel lock may occur.
Although the C5 Corvette may be a little dated and there are some common problems with these models, it is easy to drive with reasonable fuel economy.
Is a Corvette C5 a good investment?
The Corvette C5 had a host of exciting new features, including:
hydroformed frame
pop up headlights
head up display screen
LS1-V8
active drive system
Drive-by-wire throttle.
However, there are very few cars that are a good investment. And with production of the C5 running to nearly 250,000 units, there’s not much exclusivity on this model.
That said, if you enjoy a powerful engine and the song of a V8, this is a relatively affordable enthusiast car, if not a good investment instrument.
Alternatives to the Corvette C5 2022
If you’re looking for an alternative to the C5, there are a few options. Consider that some years of the much more luxurious Cadillac CTS-V feature the same powerful LS6 engine found in the latest C5 models.
Another option might be to look at similarly equipped V8 cars from Ford and Chevy. Vehicles like the Mustang and Camaro aren’t as exclusive as a Corvette, but they do offer powerful engines in a comfortable and relatively accessible chassis.
C5 Corvette Frequently Asked Questions
Here are some frequently asked questions about the C5 Corvette:
How much is a C5 Corvette worth?
Right now, a pristine example of a C5 could fetch around €40,000. Less desirable years or those with minor cosmetic damage or an incomplete list of repairs can cost considerably less.
The average price in 2022 seems to be around 25,000 euros.
Are C5 Corvettes Going Up in Value?
C5 Corvettes and many other desirable used cars are trending up in value. With a lot of uncertainty in the supply chain, some are looking to older classic cars over newer vehicles.
What is the rarest C5 Corvette?
The rarest C5 Corvette is either the 50th Anniversary Edition, made for just one year in 2003, or the 24 Hours of LeMans Commemorative Edition, only 2,025 of which entered circulation in 2004.
Are C5 Corvettes expensive to maintain?
Compared to more modern cars, C5 Corvettes are relatively inexpensive to maintain. But, since some of its parts, like the brake controller, are no longer made at the factory, repair costs can rise unpredictably.
