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By KBB Editors
Updated December 23, 2019
If you love your cars American and iconic, the Corvette is a sports car purist’s dream come true. Drivers experience awesome V8 power, amazing handling and an interior filled with more creature comforts than some luxury cars.
Though its handling is admirable, fans of lighter, more nimble sports cars will find the Corvette’s size ponderous in tight turns. The Corvette’s only other objectionable feature may be the somewhat numb feel returned by the Magnasteer power steering.
The Corvette gets a larger glove box as well as a few new options for 2007. An enhanced Bose sound system features steering wheel-mounted controls, while cross-drilled brake rotors are added to the Magnetic Selective Ride Control package. A power soft top is included with the Convertible 3LT option package.
Once known as America’s only two-seat sports car, the Corvette continues to offer driving enthusiasts the most bang for the buck, running neck-and-neck (and in some cases surpassing) exotic cars costing up to four times as much – or even more. No where else but in America can you find a sub-$50,000 sports car delivering 400 horsepower while returning an EPA highway fuel economy figure of 28 miles per gallon. Although not as light or nimble as the Porsche 911, the Corvette’s optional Z51 Performance Package renders it track-ready, while the car’s luxurious interior and comfortable ride make it perfect for daily commutes or long weekend getaways. Available as a coupe or convertible, the 2007 Corvette remains in a class by itself.
2007 Chevrolet Corvette pricing starts at $22,474 for the Corvette Coupe 2D, which had a starting MSRP of $46,245 when new. The range-topping 2007 Corvette Z06 Coupe 2D starts at $29,887 today, originally priced from $70,000.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$46,245 | $22,474 | |||
$54,320 | $21,216 | |||
$70,000 | $29,887 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2007 Chevrolet Corvette models in typical condition when purchasing from a dealership. These prices are updated weekly.
With all the high-tech performance improvements in the new Corvette, a huge leap was made from the last model, enhancing both handling and straight-line acceleration. No longer do you have to work hard to "handle" this muscle machine. Instead, it steers with ease and precision, dealing with twists and turns effortlessly. All of the three suspension packages – a base system, Magnetic Ride Control and the Z51 package – are notably enhanced from the previous model. In the sport mode, the Corvette grabs the pavement with tenacity, and in touring mode, the Corvette soaks up road harshness like a large luxury sedan.
The best changes can be found inside the sixth-generation Corvette. The clean, uncluttered design carried out with the highest quality parts and trim brings the car into world-class contention. The new seats are wider and more supportive than in the generation five model. Interior sound levels have also been improved, but the Corvette’s cabin is still noisy at highway speeds.
The 2007 Corvette is still easily identifiable as a Corvette, although the changes to the exterior make the sixth generation car a different animal than its predecessors. A flush-fitted set of headlamps molded to fit the curving hood line set-off the front of the car. The sixth-generation Corvette is some five inches shorter and one inch narrower than the fifth-generation model, yet it features larger tires and a larger removable roof panel.
Six-Speed Transmission
The new, short-throw six-speed manual transmission makes the shifter in the previous model feel like something pulled out of a 1966 Chevy pickup.
Keyless Access with Push Button Start
Keep your keys in your purse or pocket – when you approach the car, you simply reach for a touch panel in the door handle and the vehicle starts up with the press of a button.
The Corvette features a 6.0-liter V8 engine, six-speed manual transmission, traction control, limited-slip rear axle, four-wheel anti-lock disc brakes (ABS), Xenon HID headlamps, AM/FM stereo with CD/MP3 capability, removable roof panel, leather seats, six-way power driver’s seat, cruise control, leather-wrapped tilt steering wheel and 18- and 19-inch front and rear alloy wheels, respectively.
Options include a paddle-shift six-speed automatic transmission, front side-impact airbags, Head-Up Display (HUD), Bose audio with six-disc in-dash CD/MP3 player, power tilt/telescoping steering wheel, the Z51 Performance Package, DVD navigation, Magnetic Selective Ride Control, single transparent or dual removable roof panels and polished alloy wheels.
Although there is no denying the pleasure a 400-horsepower V8 delivers, with the Corvette you also get a certain lack of refinement. The 6.0-liter LS2 V8 feels gruff at idle and roars loudly when pressed into action. It’s a purely American feel that instantly takes one back to the late 1960’s muscle car era. Porsche and Jaguar lovers will probably never love this engine, but they can’t easily overlook its tremendous performance potential, either.
6.0-liter V8 LS2
400 horsepower @ 6000 rpm
400 lb.-ft. of torque @ 4400 rpm
EPA city/highway fuel economy: 18/28 (manual), 17/27 (automatic)
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | + $2,922 | $21,029 | $19,731 | ||
2023 | $1,586 | $19,443 | $17,610 | ||
2024 | $942 | $18,501 | $16,244 | ||
Now | $328 | $18,173 | $15,922 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 3179 lbs. | ||
---|---|---|---|
EPA Total Interior | 52.0 cu.ft. | ||
Fuel Capacity | 18.0 gallons | ||
Front Head Room | 37.9 inches | ||
Front Leg Room | 43.1 inches | ||
Max Seating Capacity | 2 | ||
Overall Length | 174.6 inches | ||
Front Shoulder Room | 55.2 inches | ||
Trunk or Cargo Capacity | 22.4 cu.ft. | ||
Turning Diameter | 39.0 feet | ||
Wheel Base | 105.7 inches | ||
Width with mirrors | 72.6 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Number of Doors | 2 doors | ||
Rear Spoiler | Available |
City | 15 mpg | ||
---|---|---|---|
Highway | 25 mpg | ||
Combined | 18 mpg |
Drivetrain | RWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
Recommended Fuel | Premium |
Horsepower | 400 @ 6000 RPM | ||
---|---|---|---|
Torque | 400 @ 4400 rpm | ||
Engine | V8, 6.0 Liter | ||
Top Speed | 186 mph |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 100000 miles | ||
Corrosion | 6 years / 100000 miles |
Used 2007 Chevrolet Corvette | Used 2019 Audi A5 | Used 2016 Audi S5 | Used 2014 Audi RS 5 | ||
---|---|---|---|---|---|
Price | $22,474 | $20,758 | $21,183 | $20,323 | |
KBB.com Rating | N/A | 4.8 | 4.2 | 4.2 | |
Consumer Rating | 4.8 | 4.1 | 4.8 | 4.8 | |
Fuel Economy | City 15/Hwy 25/Comb 18 MPG | City 23/Hwy 34/Comb 27 MPG | City 18/Hwy 28/Comb 21 MPG | City 16/Hwy 23/Comb 18 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Seating Capacity | 2 | 4 | 4 | 4 | |
Basic Warranty | 3 years or 36000 miles | 4 years or 50000 miles | 4 years or 50000 miles | 4 years or 50000 miles | |
Horsepower | 400 @ 6000 RPM | 248 @ 5000 RPM | 333 @ 5500 RPM | 450 @ 8250 RPM | |
Engine | V8, 6.0 Liter | 4-Cyl, Turbo, 2.0 Liter | V6, Supercharged, 3.0L | V8, 4.2 Liter | |
Drivetrain | RWD | AWD | AWD | AWD |
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Yes, the 2007 Chevrolet Corvette is a good car. Its Kelley Blue Book rating of 0 out of 5 is within 10% of our average rating.
2007 Chevrolet Corvette city/highway fuel economy ratings range from 14/24 mpg to 15/25 mpg, depending on trim and equipment.
Used 2007 Chevrolet Corvette prices currently range from $22,474 for the Convertible 2D to $29,887 for the Z06 Coupe 2D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2007 Chevrolet Corvette is the Convertible 2D, with a Kelley Blue Book Fair Purchase Price of $22,474.
The 2007 Chevrolet Corvette is part of the 6th-generation Corvette, which our owners give an above-average reliability rating of 4.8 out of 5.