Automakers are notorious for building expensive cars and slapping even more expensive price tags on them. It may appear to be a big gamble, but it pays off for dealers because the rich buy new cars like most people buy new shoes.
This isn’t true for everyone, however. For most consumers, buying a supercar is a dream. Just one glance at the window sticker is enough to snap most people back into reality before wandering off to find something more reasonable and less exotic.
That might be changing. Chevy, known for its out of the box thinking and risk-taking, went all out on the new C8 Stingray. The first-ever mid-engine Corvette made its debut July 2019. After years of promising and not delivering, the world was thrilled to finally have a Stingray that easy to get in and out of.
Then Chevy dropped the real bomb that has car enthusiasts everywhere swooning: The starting price of the 2020 Stingray is only $60,000.
While this will still be above the budget for many consumers, it opens the doors for many others to finally have the supercar they’ve been dreaming of. Even those who can’t afford to buy it brand new will have more opportunities when the new Corvette’s begin to creep into the pre-owned car market.
Here’s the low down on the Stingray’s direct competition and how they compare.
2020 Ferrari F8 Tributo
This may come across as a bold statement, but one look at this electric supercar leaves little room to doubt it. It comes complete with a twin-turbo 3.9-liter V-8 engine, with 710 hp, and 568 lb-ft of torque.
The Tributo has a starting price of $350,000. That’s quite a steep price difference that really showcases the Corvette’s value.
2020 Porsche 911
Porsche is a powerhouse in the auto world and with good reason. It delivers some incredibly fast, majestic-looking cars. Unfortunately, the entry-level 911 falls short of what Chevy offers in the Corvette Stingray.
The 911’s top speed is only 183 mph, nearly 30 mph less than the Stingray. While that is incredibly fast, no one in America can legally hit that speed unless you’re on a race track.
Still, there’s something empowering about knowing you could go that speed with just a little more pressure on the pedal. The 911 starts out at double the price of the new Corvette at $122,401.
2020 BMW M8
When someone mentions a BMW, everyone typically associates the brand with doctors and lawyers, with good reason. The price tag is far above the average consumer’s price range, but with the new 2020 M8 might just be worth it.
The 2020 M8 coupe and convertible models come with optional AWD, making it more versatile for consumers in areas with gorgeous views and unpredictable weather.
Base models are slightly more powerful with 600 hp and 553 lb-ft of torque. Top Speed reports the M8 has a top speed of 200 mph and a starting price of $133,000. While the Stingray may produce more speed, the AWD factor is more than a little alluring for those with enough money to pick and choose.