The Chevrolet Corvette is a legendary sports car, and with the eighth-generation C8 model, it’s seen a resurgence in popularity over the past few years. However, due to high demand, the waiting time for a new Corvette is very long. Also, many car shoppers can’t afford it. However, there are some cheaper options for sports cars. Here are four great alternatives to the Chevy Corvette for under $40,000.
More Affordable Sports Car Alternatives to Get Instead of a Chevrolet Corvette
Pricing for the 2023 Chevrolet Corvette Stingray starts at $65,995 MSRP for the coupe and $73,095 MSRP for the convertible. Also, for the 2023 Corvette Z06, the cost is higher, with the coupe starting at $105,000 and $112,500 for a convertible.
If you want an affordable sports car alternative to a Chevy Corvette, consider these models that cost under $40,000:
1.2022 Ford Mustang GT (starting price: $38,045 MSRP)
2.2022 Chevy Camaro SS (Starting price: $37,500 MSRP)
3.2022 Dodge Challenger R/T (Starting price: $38,680 MSRP)
4.2022 Mazda MX-5 Miata (Starting price: $27,650 MSRP)
Ford Mustang GT is a great sports car alternative to the Chevy Corvette
One of the best alternatives to a Chevy Corvette sports car that costs less than $40,000 is the 2022 Ford Mustang. Like the Corvette, the Mustang is a popular American sports car that has an important place in automotive history. While there are cheaper Mustang variants, the best option you can get for under $40,000 is the Mustang GT, which starts at $38,045 for an MSRP.
The 5.0-liter V-8 in the Mustang GT puts out 460 horsepower and 420 pound-feet of torque. This engine allows the sports car to go from 0-60 mph in just 4.2 seconds and reach a top speed of 155 mph. The Mustang GT is also comfortable and functional enough to be an everyday driver – while providing precise steering and excellent control for an engaging driving experience.
The Chevy Camaro SS is an affordable sports car for under $40,000
For another affordable sports car alternative to the Corvette, one can stay within the Chevrolet brand with the 2022 Chevy Camaro SS, which starts at $37,500. Its 6.8-liter V-8 engine produces 455 horsepower and 455 pound-feet of torque. For acceleration, the Camaro SS has a 0-60 mph time of 3.5 seconds, and a top speed of 165 mph.
The disadvantage of the Camaro SS is poor external visibility. However, for many drivers, the fun-to-drive nature of the Camaro SS will outweigh this. Also, after more than half a century of proving the value of its powerful car, production of the Camaro will be discontinued – as General Motors focuses on electric vehicles. However, you still have plenty of time to get a Camaro, as it won’t be killed off until 2024.
The Dodge Challenger R/T is a cheaper alternative to the Chevy Corvette
The third variant of the cheaper Chevy Corvette sports car is the 2022 Dodge Challenger R/T, which starts at $38,680. The 5.7-liter Hemi V-8 engine delivers 375 horsepower and 410 lb-ft of torque. The Challenger R/T completes a sprint from 0 to 60 mph in 4.8 seconds and has a top speed of 155 mph.
However, the Challenger R/T isn’t as agile as some of its competitors. It makes up for it in other areas, including generous passenger space. Like the Camaro, the Challenger, along with the Charger, will be discontinued with production ending in 2023. It’s the end of the era of gas-guzzling muscle cars, and Dodge plans to launch an electric muscle car in 2024.
Mazda MX-5 Miata: One of the cheapest sports cars available
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If you’re looking for one of the more budget-friendly alternatives to a Chevy Corvette, a great choice is the 2022 Mazda MX-5 Miata, which starts at $27,650. While the 151 horsepower and 181 pound-feet of torque generated by the MX-5 Miata’s 2.0-liter four-cylinder engine are significantly lower than these other sports cars, its 5.7-second 0-60 mph top speed and 143 mph is respectable.
Also, with responsive steering, agile handling and excellent cornering capabilities, the MX-5 Miata delivers a thoroughly enjoyable driving experience, as detailed in Hot Cars. Its attractive design makes the MX-5 Miata a desirable sports car as well.
Affordable sports car alternatives to the Chevrolet Corvette that cost less than $40,000 include the 2022 Ford Mustang GT, 2022 Chevy Camaro SS, 2022 Dodge Challenger R/T and 2022 Mazda MX-5 Miata. For sports car enthusiasts on a budget, these are great models to consider.
Related: 2023 Chevy Corvette color options: Ride the Rainbow
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