Finally, official pricing for the 2020 Chevrolet Corvette is out. True to its promise , Chevrolet is making the sports car available for less than $60,000. It will start at exactly $59,995 when it goes on sale early next year. The 2020 Corvette price has increased from the C7 Corvette Stingray, which started at $56,995. Still, the new model is definitely a bargain. The Porsche 718 Cayman S, Jaguar F-Type , and BMW Z4 sDrive M40i are included in a long list of sports cars with higher price tags . The base Corvette Stingray is the 1LT, which comes with plenty of standard features, as listed below. The 2LT trim package starts at $67,295, while the 3LT is priced from $71,945. Prices increase quickly with options. For $1,195, a performance exhaust raises output from 490 hp and 465 lb-ft of torque to 495 hp and 470 lb-ft. Meanwhile, a front suspension lift system can be added to the 2LT and 3LT trims for $1,495. With this system, you can press a button when approaching an obstacle such as a speed bump, and the location is stored in cloud memory. The next time you approach the location, the lift system activates automatically. Up to 1,000 locations can be stored. The Z51 Performance Package is a $5,000 option, bringing the base model to just below $65,000 when so equipped. It is available on any trim, and Chevy says models with the package can hit 60 mph in under 3 seconds. This package adds a performance exhaust and suspension, electronic limited slip differential, front splitter, rear spoiler, larger disc brakes, Michelin Pilot Sport 4S summer only performance tires, updated axle ratio, enhanced cooling, and front brake cooling inlets. As you probably know, you can now configure the 2020 Chevrolet Corvette on the automakers consumer site. See how we configured ours here . And read below for a list of key standard features on each trim level of the Corvette Stingray. 2020 Chevrolet Corvette 1LT standard features -8-way power GT1 seats with Mulan leather -removable body-color roof panel -traction control with active handling and launch control -8-inch touchscreen with Apple CarPlay and Android Auto -12-inch instrument cluster display -dual-zone electronic climate control -rearview camera and Rear Park Assist -keyless access with push-button start -cruise control -Drive mode selector: Tour, Sport, Track, Weather, MyMode, Z-Mode -10-speaker Bose sound system -SiriusXM three-month trial -OnStar one-month trial 2020 Chevrolet Corvette 2LT standard features -head-up display -wireless phone charging -power lumbar and wing seat adjustment -heated and ventilated seats -heated steering wheel -14-speaker Bose Performance Series audio system -navigation with traffic -rear camera mirror with auto-dimming -power folding mirrors -Performance Data Recorder -one-year subscription to SiriusXM -side blind zone alert, rear cross traffic alert -driver and passenger side seat memory package -front curb view camera 2020 Chevrolet Corvette 3LT standard features -GT2 seats with Napa and Mulan leather seating surfaces and carbon-fiber trim -custom leather-wrapped interior -suede-wrapped upper interior trim Source: Chevrolet The post 2020 Chevrolet Corvette Officially Starts at $59,995 appeared first on MotorTrend .