Guide for the 1994 Corvette
The 1994 Corvette is a classic and affordable sports car.
Written by Sarah Williams
Reviewed by Jessica Barrett
1994 was a significant year for Corvette: on Labor Day Weekend, the National Corvette Museum was opened. Meanwhile, the 1994 Corvette was released with only a few changes from the previous model year.
Notably, the 1994 Corvette came with a more powerful ignition system, a new sequential fuel injection system, and the release of Corvette's first electronically-controlled automatic transmission. In other words, the 1994 Chevrolet Corvette started faster, had lower tailpipe emissions, and was a smoother ride.
There might not have been many changes in 1994, but the ZR-1 sold better than its previous counterpart—and it came at a lower price. The original costs for a 1994 Corvette were $36,185 for the coupe, $42,960 for the convertible, and $31,258 for the ZR-1. These days you can buy one used for $10,000-$11,000.
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Ownership costs for a 1994 Corvette
Originally the 1994 Corvette came at a cost of $36,185 for the coupe, $42,960 for the convertible, and $31,258 for the ZR-1. That price difference might be one reason why the 1994 model sold better than its 1993 counterpart.
Additional features could be added for an extra cost. These features consisted of things like power seats, stereo systems, adjustable suspension packs, and much more.
These days, the used prices vary depending on the condition of the vehicle, the trim, and any additional features that were added. CarGurus estimates an average cost of $10,310-$11,347.
Where to buy a 1994 Corvette
To buy a 1994 Corvette, check out
Kelly Blue Book
, or Craigslist
. If you’re looking to buy from a fellow enthusiast, Corvette forums
are a great place to find listings, tips, and more. 
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What does the 1994 Corvette bring to the table?
While the 1994 Corvette didn’t see as many new changes as other years, the 1994 ZR-1 stood out as one of the most desirable and collectible of them all. This was due in part to its boost to 405 horsepower.
On the whole, the 1994 Corvette specs reflect a safer, smoother ride than its predecessors. With a more powerful ignition system, a new sequential fuel injection system, and the release of Corvette's first electronically controlled automatic transmission, 1994 Corvette did not disappoint.
Aesthetically, the only visible difference in the 1994 Corvette was the addition of two new colors: Admiral Blue and Copper Metallic.
Strengths and weaknesses of the 1994 Corvette
If you’re in the market for a 1994 Corvette, here’s what you need to know: the good and the bad.
The good: comfort
1994 was the first year Corvette came with standard leather seats. Not only that, but they improved the bolsters to be less restrictive and more accommodating of passengers of all shapes and sizes.
The seat controls were moved from the front seats to the center console, making it easier to get the perfect ride. The adjustable lumbar support and side bolster adjustments also add to the comfort of this ride—and make it easier to get in and out of.
The good: better for the environment
If the environment is on your mind, the 1994 Corvette has several features to help reduce emissions. While it’s no Tesla, the 1994 Corvette features many improvements that make it better for the environment than its predecessors.
Previous Corvettes were stocked with ozone-layer damaging R12 Freon. The 1994 models came with an environmentally-friendly R134 refrigerant. Not only that, but the new sequential fuel injection system allowed for better idle quality, throttle response, overall driveability, and lower tailpipe emissions.
MORE: How to pass emissions testing
The bad: engine oil leaks
It’s important to be aware of any potential mechanical issues before purchasing a used car. One to be mindful of with the 1994 Corvette is engine oil leaks.
The easiest way to check is to test your engine oil levels regularly. If your oil is low, it's worth investigating if you could have a leak.
These leaks take place particularly around the front and rear of the intake manifold. Other areas to check are the oil pan, the valve covers, the water pump drive seal, the timing chain cover, and the front and rear main bearing seals.
Be sure to stay on top of any oil leaks as they can potentially lead to irreparable engine damage. They can also be a fire hazard.
The bad: transmission issues
Issues with your transmission can be costly to repair, so it's important to keep an eye on them.
The 1994 Corvette’s automatic transmission is known to lock up in second gear. Because the transmission is controlled electronically, it has been known to fail. This leads to problems with erratic transmission shifting and can result in driveability issues.
It’s important to always do a thorough inspection when buying a used car.
MORE:
Classic car coverage
The bottom line—which 1994 Corvette to buy
When it comes to deciding which trim level to buy for your 1994 Corvette, it all depends on what you are looking for.
Taking into account cost, speed, and practicality, we recommend the ZR-1. The horsepower of the ZR-1 led to it becoming one of the most desirable and collectible cars of its class. Not only that, but it is the most affordable option between the three and comes with extra storage as a coupe.
Practical, affordable, and ready to get you where you need to go in style, the ZR-1 is a great option.
How to save money on car insurance for the 1994 Corvette
Regardless of which version of Chevrolet’s classic 1994 Corvette you choose, you can save money on car insurance with
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