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2002 Chevrolet Corvette

2002 Chevrolet Corvette

Coupe
RWD
Premium Gasoline
Horsepower
MPG Combined
19 mpg
MSRP
Torque
Reliability Score
98/ 100Excellent
Based on 191 NHTSA complaints

Should You Buy a 2002 Chevrolet Corvette?

The 2002 Chevrolet Corvette Convertible is a classic American sports car that combines performance with style. With a robust 5.7L V8 engine producing 350 horsepower and 360 lb-ft of torque, it delivers an exhilarating driving experience, especially with its rear-wheel drive setup. The 4-speed automatic transmission provides smooth shifts, making it suitable for both spirited drives and everyday use. Despite its sporty nature, the Corvette maintains a respectable fuel economy of 19 MPG combined, allowing for longer drives without frequent stops at the pump. At an MSRP of $48,205, it offers a compelling value for those seeking a high-performance vehicle without breaking the bank.

However, potential buyers should be aware of some common issues reported through NHTSA complaints. While the reliability score stands impressively at 97.6/100, there have been 191 total complaints, with steering-related issues being the most prevalent. These typically arise between 20,000 to 40,000 miles, along with anti-theft device problems occurring earlier. While the Corvette is a thrilling ride, it's essential to consider these factors during your purchase decision.

Ideal For

This vehicle is best suited for driving enthusiasts who appreciate classic American muscle and seek a thrilling open-air driving experience.

Strengths

  • +Powerful 5.7L V8 engine with 350 hp
  • +Impressive reliability score of 97.6/100
  • +Stylish convertible body type for open-air driving
  • +Good fuel economy for a sports car at 19 MPG combined
  • +Rear-wheel drive enhances driving dynamics

Weaknesses

  • -Common steering-related complaints
  • -Limited seating capacity (only 2 seats)
  • -Higher maintenance costs typical of sports cars
  • -4-speed automatic transmission may feel outdated
  • -Potential issues with anti-theft device reliability

Known Issues (NHTSA Data)

The 2002 Chevrolet Corvette has a few known issues primarily related to the steering system, with 29 complaints logged. Additionally, the steering column locking anti-theft device has received 25 complaints, indicating potential reliability concerns in these areas. However, no significant NHTSA complaints on record suggest major safety hazards, making it a generally reliable choice for enthusiasts.

Complaint Patterns by Mileage
STEERING
20000-40000 mi
12 reports
STEERING:COLUMN LOCKING:ANTI-THEFT DEVICE
0-20000 mi
8 reports
WHEELS
40000-60000 mi
8 reports
WHEELS
20000-40000 mi
8 reports
STEERING:COLUMN LOCKING:ANTI-THEFT DEVICE
20000-40000 mi
7 reports
WHEELS:RIM
20000-40000 mi
7 reports
STEERING
60000-80000 mi
6 reports
STEERING
40000-60000 mi
6 reports
Top Complaint Areas
STEERING15% of complaints
STEERING:COLUMN LOCKING:ANTI-THEFT DEVICE13% of complaints
WHEELS12% of complaints
WHEELS:RIM8% of complaints
ELECTRICAL SYSTEM7% of complaints

Performance

Horsepower
Torque
Engine
5.7 L
Cylinders
V8
Transmission
Automatic 4-spd
Drive Type
RWD

Efficiency

MPG Combined
19
Fuel Type
Premium Gasoline

Dimensions

Length
179.9 in
Width
73.6 in
Height
47.6 in
Wheelbase
104.3 in
Curb Weight
3,153 lbs
Ground Clearance

Capacity

Doors
2
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$8,025
$6,821 – $9,228
Depreciation Over Time
New
5yr
10yr
15yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$6,087
Per Mile
$0.51
5-Year Total
$70,615
Fuel
$2,211/yr
Maintenance
$600/yr
Insurance
$3,276/yr
Depreciation
$8,036/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (2)

Corvette
RWD
Corvette
RWD

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