The 2001 Chevrolet Corvette received a 4.8/5 rating on Edmunds for its dedication to sports-level performance and day-to-day driveability.
Whether you want a little slice of automotive history or are simply a driving enthusiast who wants a sports car that won’t break the bank, the 2002 Chevrolet Corvette is an all-around great choice. However, with more than 60 years of Corvette models on the market, how can you be sure that the 2002 model is right for you?
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Jerry is here to help. Simply read on for all the pros and cons of the 2002 Chevrolet Corvette along with how to insure it affordably.
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Ownership costs for a 2002 Corvette
CarGurus gives the 2002 Chevrolet Corvette a market value of $12,881. While a sports car at that cost is a steal, you may see higher or lower prices due to the condition of the vehicle or the trim level.
While the condition will vary from car to car, the trim levels available for the 2002 Corvette are:
Convertible—2-door, 350 Hp
Z06 hardtop coupe—2-door, 405 Hp
You’ll also need to factor in the true cost of ownership before settling on a specific Corvette.
As an older vehicle that will likely have plenty of miles on it already, you should plan on having to repair your Corvette more often than a new car. Potential major breakdowns aside, just taking the car in for routine work will rack up a substantial bill over time as you have to replace aged parts.
On top of the maintenance, you should also plan for dealing with higher insurance rates. Due to the car’s well-known sports history, insurance companies will likely mark you as a riskier driver and charge you accordingly for the insurance you need.
Where to buy a 2002 Corvette
If you want to buy a 2002 Chevrolet Corvette, you don’t need to run around town looking for sale signs in car windows.
You’ll have the easiest time finding the right Corvette on
Classic Cars, however, Kelly Blue Book and Craigslist are worth checking out as well. Just don’t forget to have the car inspected by a professional mechanic before committing to a purchase.
What does the 2002 Corvette bring to the table?
Following the initial release of the Corvette Z06 in 2001, Chevrolet continued to work on the design. Just one year later, the 2002 Corvette features:
An engine upgrade that gives it an additional 20 Hp
14 more lb-ft. of torque for a total of 400 lb-ft.
Strengths and weaknesses of the 2002 Corvette
As with any vehicle, the 2002 Chevrolet Corvette has its share of pros and cons.
The good: excellent performance
As a testament to its design, the 2002 Z06 Corvette is a high-performance sports vehicle even by today’s standards. Between its rear-wheel-drive style and improved V8 engine, you can go from 0 to 60 in 3.9 seconds—a nearly half-second improvement over the previous model year!
The bad: low-grade interior
As with any used car that’s more than 10 years old, the interior can feel as though it's lacking when compared to more modern vehicles. However, despite using cheaper materials for the upholstery and interior paneling, the 2002 Corvette has a cabin that’s on par with other cars of a similar age.
The good: day-to-day use
One of the 2002 Corvette’s best features is its ability to be both a high-performance sports vehicle and an everyday car. Though 24.8 cubic feet of storage may seem cramped, it’s a respectable cargo capacity when compared to other sports vehicles. Additionally, its fuel efficiency of 18/25 MPG city/highway makes the 2002 Corvette coupe a functional car that’s ready for a joy ride.
The bad: no Z06 options
While it may not be an issue for some, the Z06 Corvette lacks a convertible option. That means you’ll have to settle for less horsepower if you want to let the top down and feel the wind in your hair.
The good: bargain purchase price
While a lot of these pros and cons can be subject to personal taste, everyone can get behind a car with a low purchase price. At less than $13,000, the 2002 Chevrolet Corvette is an amazing deal for the power and performance being offered. Even if you weren’t looking for a sports car, a price this low makes the vehicle a decent buy for anyone.
The bottom line—which 2002 Corvette to buy
Deciding which 2002 Chevrolet Corvette to buy is a tricky choice—are you after an all-out sports car, or simply looking for a fun car to use every day?
The Z06 model will be your go-to if you’re after a pure sports car. With 55 more horsepower than the other models, this version of the 2002 Corvette is the best for speed.
The standard coupe is the more practical of the Corvettes by far. With 10 more cubic feet of storage space than the other models, you’ll find this 2002 Corvette to be the most utilitarian.
How to save money on car insurance for the 2002 Corvette
No matter which Chevrolet Corvette you decide to buy—or even if you settle on an entirely different car in the end—you’ll want to find the
car insurance that will protect your vehicle and won’t bleed you dry. Thankfully, the
Jerry app can ensure you find just that.
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