The 1998 Chevrolet Corvette belongs to the fifth generation (C5) which debuted in 1997, representing a radical redesign from its predecessor. Available as a sleek coupe and a spirited convertible, the C5 Corvette boasted significantly improved performance, comfort, and handling. Its model years spanned from 1997 to 2004. Key trims for 1998 included the base Coupe and Convertible. With an original pricing range generally from the mid-$30,000s to low-$40,000s, it stood out for offering supercar-rivalling performance at a fraction of the cost, making it incredibly popular. The introduction of the legendary LS1 V8 engine was a major highlight.
The Good
The 1998 Corvette offers exhilarating performance thanks to its potent LS1 V8, delivering impressive acceleration and nimble handling. For emotional buyers, its iconic, aerodynamic design and thrilling driving dynamics are undeniable. Practical advantages include a surprisingly spacious trunk (coupe), a comfortable ride for a sports car, and a robust powertrain renowned for good long-term reliability. Its excellent performance-to-price ratio also makes it an outstanding value, both new and on the used market, appealing to budget-conscious enthusiasts.
The Bad
Known weaknesses for the 1998 Corvette include the notorious Column Lock Issue, which can prevent the car from starting or steering. Owners should also watch for failures in headlight motors, fuel level sensors causing inaccurate readings, and HVAC blend door actuators. Some interior plastics can show wear over time, and older examples may exhibit common electrical gremlins or require suspension component replacement due to age and mileage.
1998 Chevrolet Corvette: Quick Overview
Here are the key specifications for the 1998 Chevrolet Corvette:
- Engine Options: The 1998 Corvette primarily offered one formidable engine: the all-new 5.7L LS1 V8. This engine was a significant upgrade and became a legendary powertrain for its performance and durability.
- Horsepower: The LS1 V8 in the 1998 model produced an impressive 345 horsepower at 5,600 rpm.
- Torque: It generated a robust 350 lb-ft of torque at 4,400 rpm, providing strong acceleration across the rev range.
- Fuel Economy:
- Manual Transmission: EPA estimated around 18 MPG in the city and 28 MPG on the highway.
- Automatic Transmission: EPA estimated around 17 MPG in the city and 25 MPG on the highway.
- 0-60 mph Times: Depending on transmission and conditions, the 1998 Corvette could accelerate from 0 to 60 mph in approximately 4.8 to 5.0 seconds, making it a serious contender against much more expensive sports cars.
- Towing Capacity: The Chevrolet Corvette is a dedicated sports car and is not designed or rated for towing capacity. Attempting to tow with it is not recommended.
- Trim-Level Features: The 1998 Corvette was available in two main body styles, the Coupe and the Convertible, both offering a high level of standard equipment.
- Standard Features: Both trims came standard with amenities like leather seating surfaces, 6-way power adjustable driver's seat, dual-zone electronic climate control, power windows, power door locks, power heated outside mirrors, cruise control, a tilt steering wheel, remote keyless entry, fog lamps, an AM/FM stereo with cassette player, anti-lock brakes (ABS), and a sophisticated traction control system. The coupe also featured a removable targa roof panel.
- Optional Features: Key options included a 4-speed automatic transmission (in place of the standard 6-speed manual), the F45 Selective Real Time Damping suspension system for adjustable ride comfort, a Z51 Performance Handling Package for enhanced track capability, a premium Bose sound system with a 12-disc CD changer, a memory package for driver's seat and mirror settings, sport seats with added bolstering, and a head-up display (HUD) which became available in later C5 models, but was not standard on the '98.
1998 Chevrolet Corvette Specifications
Vehicle Information
| Year | 1998 |
| Make | Chevrolet |
| Model | Corvette |
| Trim | - |
| Style | 2-Door Coupe |
| Type | Coupe |
| Category | Sports Car |
Manufacturing Details
| Made In | United States |
| Manufacturing City | BOWLING GREEN |
Dimensions
| Doors | 2-Door |
| Curb Weight | 1472.36 kg |
| Gross Vehicle Weight Rating | - |
| Overall Height | 121.16 cm |
| Overall Length | 456.44 cm |
| Overall Width | 186.94 cm |
| Wheelbase Length | 265.43 cm |
| Standard Seating | 2 |
Engine & Performance
| Engine | 5.7-L V-8 |
| Engine Size | 5.7L |
| Engine Cylinders | 8 |
| Transmission | 4-Speed Automatic |
| Transmission Type | Automatic |
| Transmission Speeds | 4-Speed |
| Drivetrain | Rear-Wheel Drive |
Additional Features
| Anti-Brake System | 4-Wheel ABS |
| Steering Type | Rack & Pinion |
Pricing
| Manufacturer Suggested Retail Price (MSRP) | $44,425 USD |
| Invoice Price | $38,872 USD |
| Delivery Charges | - |
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What Problems Does the 1998 Chevrolet Corvette Have?
The 1998 Chevrolet Corvette, while generally reliable, has several frequently reported problems and long-term reliability concerns that potential owners should be aware of. One of the most notorious issues, particularly prevalent in early C5 models including the 1998, is the Column Lock System (CLS) failure. This electrical issue can prevent the steering wheel from unlocking or the engine from starting, potentially stranding the driver. GM issued recalls and revised parts, and many owners opt for aftermarket bypass modules.
Another common complaint is the failure of the Fuel Level Sending Units. These can cause the fuel gauge to provide inaccurate readings, often showing empty prematurely or fluctuating wildly. Repair typically involves removing the fuel tanks, which is a labor-intensive and costly procedure.
Owners also frequently report problems with the Headlight Motors. The internal gears can strip, preventing the pop-up headlights from properly retracting or deploying. This often manifests as a grinding noise or a headlight stuck in one position.
HVAC Blend Door Actuators are another known weak point. When these fail, owners might hear a clicking sound from behind the dashboard or experience issues with air not blowing through the correct vents or failing to change temperature.
Other electrical gremlins include issues with the Electronic Brake Control Module (EBCM), which can cause ABS and traction control warning lights to illuminate and disable those systems. This is an expensive repair. Window regulators can also fail, leading to slow or non-functional power windows. Furthermore, the Driver Information Center (DIC) display pixels can fade over time, making it difficult to read.
While the LS1 engine itself is remarkably robust and can accumulate high mileage with proper maintenance, these accessory and electrical issues are the primary long-term reliability concerns for the 1998 Corvette. It's advisable for buyers to check for service records addressing these common problems. Recalls for the C5 generation often pertained to the column lock system and fuel tank issues, among others, so it's wise to check a vehicle's VIN for open recalls.
Another common complaint is the failure of the Fuel Level Sending Units. These can cause the fuel gauge to provide inaccurate readings, often showing empty prematurely or fluctuating wildly. Repair typically involves removing the fuel tanks, which is a labor-intensive and costly procedure.
Owners also frequently report problems with the Headlight Motors. The internal gears can strip, preventing the pop-up headlights from properly retracting or deploying. This often manifests as a grinding noise or a headlight stuck in one position.
HVAC Blend Door Actuators are another known weak point. When these fail, owners might hear a clicking sound from behind the dashboard or experience issues with air not blowing through the correct vents or failing to change temperature.
Other electrical gremlins include issues with the Electronic Brake Control Module (EBCM), which can cause ABS and traction control warning lights to illuminate and disable those systems. This is an expensive repair. Window regulators can also fail, leading to slow or non-functional power windows. Furthermore, the Driver Information Center (DIC) display pixels can fade over time, making it difficult to read.
While the LS1 engine itself is remarkably robust and can accumulate high mileage with proper maintenance, these accessory and electrical issues are the primary long-term reliability concerns for the 1998 Corvette. It's advisable for buyers to check for service records addressing these common problems. Recalls for the C5 generation often pertained to the column lock system and fuel tank issues, among others, so it's wise to check a vehicle's VIN for open recalls.
How long will the 1998 Chevrolet Corvette last?
The 1998 Chevrolet Corvette, particularly with its robust LS1 engine, can demonstrate remarkable long-term durability. Based on owner data and diligent maintenance habits, it's not uncommon to find C5 Corvettes with well over 100,000 to 150,000 miles still performing strongly. Many enthusiasts maintain these vehicles meticulously, allowing them to accumulate significant years of service. The LS1 V8 engine and the transmissions (both manual and automatic) are generally considered exceptionally durable components, capable of lasting 200,000 miles or more with proper care.
However, long-term weaknesses tend to manifest in the electrical system and peripheral components, as detailed in known issues like column lock, fuel level sensors, and headlight motors. Suspension components such as shocks, bushings, and ball joints will naturally wear out over time and require replacement for optimal handling. Interior plastics and leather upholstery can also show significant wear, especially on driver's side bolsters, reflecting the vehicle's age and use. Weather seals around doors, windows, and the targa top (or convertible top) are also prone to deterioration, leading to potential leaks or increased wind noise.
However, long-term weaknesses tend to manifest in the electrical system and peripheral components, as detailed in known issues like column lock, fuel level sensors, and headlight motors. Suspension components such as shocks, bushings, and ball joints will naturally wear out over time and require replacement for optimal handling. Interior plastics and leather upholstery can also show significant wear, especially on driver's side bolsters, reflecting the vehicle's age and use. Weather seals around doors, windows, and the targa top (or convertible top) are also prone to deterioration, leading to potential leaks or increased wind noise.
What Technology & Safety Features are Included?
The 1998 Chevrolet Corvette, while a performance machine, also incorporated a respectable array of built-in technology, entertainment, and safety features for its era.
Built-in Tech: A notable piece of technology was the Driver Information Center (DIC), a digital display offering various readouts such as oil life, fuel economy, and diagnostic messages. Remote keyless entry was standard, providing convenience and security. The C5 also introduced a more advanced electrical architecture compared to its predecessors.
Entertainment: Standard entertainment included an AM/FM stereo with a cassette player, often paired with a quality sound system. An optional premium Bose sound system was available, significantly upgrading the audio experience. For enthusiasts of compact discs, a trunk-mounted 12-disc CD changer was a popular optional add-on.
Driver-Assistance Features: For its time, the 1998 Corvette offered advanced driver-assistance. It came standard with a sophisticated Anti-lock Braking System (ABS) and an all-speed Traction Control System (TCS), which helped maintain grip during aggressive acceleration or slippery conditions. An optional feature was the F45 Selective Real Time Damping suspension system. This innovative system allowed drivers to electronically adjust the shock absorber settings between "Touring" and "Sport" modes, adapting the ride and handling characteristics on the fly to suit driving conditions or personal preference. Later C5 models (from 2001) introduced Active Handling, a more advanced stability control system, but the 1998 model relied on its robust traction control.
Safety Features: Standard safety equipment included dual front airbags for both the driver and passenger, providing crucial passive restraint. The standard ABS and Traction Control also significantly contributed to active safety, helping drivers avoid accidents. The sturdy chassis and advanced braking capabilities further enhanced occupant safety.
Crash-Test Ratings: Dedicated crash-test ratings from organizations like NHTSA (National Highway Traffic Safety Administration) are less commonly found or comprehensive for high-performance sports cars like the 1998 Corvette, especially when compared to volume-selling passenger vehicles. However, Chevrolet designed the C5 with a robust frame and modern safety standards for its time, aiming to provide a high level of occupant protection within its vehicle class. Specific star ratings are generally not available for this model year.
Built-in Tech: A notable piece of technology was the Driver Information Center (DIC), a digital display offering various readouts such as oil life, fuel economy, and diagnostic messages. Remote keyless entry was standard, providing convenience and security. The C5 also introduced a more advanced electrical architecture compared to its predecessors.
Entertainment: Standard entertainment included an AM/FM stereo with a cassette player, often paired with a quality sound system. An optional premium Bose sound system was available, significantly upgrading the audio experience. For enthusiasts of compact discs, a trunk-mounted 12-disc CD changer was a popular optional add-on.
Driver-Assistance Features: For its time, the 1998 Corvette offered advanced driver-assistance. It came standard with a sophisticated Anti-lock Braking System (ABS) and an all-speed Traction Control System (TCS), which helped maintain grip during aggressive acceleration or slippery conditions. An optional feature was the F45 Selective Real Time Damping suspension system. This innovative system allowed drivers to electronically adjust the shock absorber settings between "Touring" and "Sport" modes, adapting the ride and handling characteristics on the fly to suit driving conditions or personal preference. Later C5 models (from 2001) introduced Active Handling, a more advanced stability control system, but the 1998 model relied on its robust traction control.
Safety Features: Standard safety equipment included dual front airbags for both the driver and passenger, providing crucial passive restraint. The standard ABS and Traction Control also significantly contributed to active safety, helping drivers avoid accidents. The sturdy chassis and advanced braking capabilities further enhanced occupant safety.
Crash-Test Ratings: Dedicated crash-test ratings from organizations like NHTSA (National Highway Traffic Safety Administration) are less commonly found or comprehensive for high-performance sports cars like the 1998 Corvette, especially when compared to volume-selling passenger vehicles. However, Chevrolet designed the C5 with a robust frame and modern safety standards for its time, aiming to provide a high level of occupant protection within its vehicle class. Specific star ratings are generally not available for this model year.
What Colors Options are Available?
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In the meantime, feel free to explore the other sections for more content.
In the meantime, feel free to explore the other sections for more content.
1998 Chevrolet Corvette Prices and Market Value
When new, the 1998 Chevrolet Corvette represented a compelling performance value. The base Coupe had a Manufacturer's Suggested Retail Price (MSRP) typically in the range of $37,000 to $38,000, while the Convertible started around $44,000 to $45,000, with options pushing these figures higher.
Today, the used market prices for a 1998 Corvette are highly variable, reflecting its age and enthusiast appeal. Rougher, high-mileage examples can be found for as low as $10,000 to $15,000. However, well-maintained, lower-mileage examples, particularly convertibles or coupes with desirable options like the Z51 package or a manual transmission, can command prices from $18,000 to $25,000 or even more for pristine, collector-grade vehicles.
The C5 generation experienced its significant depreciation curve decades ago. Now, well-preserved examples have largely stabilized in value, with some even showing slight appreciation, especially for unmolested, low-mileage cars. Factors profoundly affecting resale value include the vehicle's overall condition (both cosmetic and mechanical), documented maintenance history, mileage, and the presence of sought-after options. Excessive or poorly executed modifications can negatively impact value, while originality is often prized.
Today, the used market prices for a 1998 Corvette are highly variable, reflecting its age and enthusiast appeal. Rougher, high-mileage examples can be found for as low as $10,000 to $15,000. However, well-maintained, lower-mileage examples, particularly convertibles or coupes with desirable options like the Z51 package or a manual transmission, can command prices from $18,000 to $25,000 or even more for pristine, collector-grade vehicles.
The C5 generation experienced its significant depreciation curve decades ago. Now, well-preserved examples have largely stabilized in value, with some even showing slight appreciation, especially for unmolested, low-mileage cars. Factors profoundly affecting resale value include the vehicle's overall condition (both cosmetic and mechanical), documented maintenance history, mileage, and the presence of sought-after options. Excessive or poorly executed modifications can negatively impact value, while originality is often prized.
1998 Chevrolet Corvette Cost of Ownership
Owning a 1998 Chevrolet Corvette generally falls into the moderately costly category, rather than economical, but it's significantly less expensive than many European sports car rivals. Insurance costs can be higher due to its performance nature, though they may moderate for older drivers or if classified as a weekend/classic vehicle. Fuel economy, while respectable for a V8 sports car, still requires premium gasoline, so fuel expenses will add up with spirited driving.
Routine maintenance, such as oil changes and tire rotations, is straightforward and comparable to other GM vehicles. However, repairs for common issues like the EBCM, fuel level sensors, or column lock can be expensive, requiring specialized labor or parts. Long-term ownership costs will also include eventual replacement of wear items like suspension components, brakes, and tires, which are high-performance specific and not cheap. Owners prepared for these potential repair costs and dedicated to regular maintenance will find it a rewarding experience.
Routine maintenance, such as oil changes and tire rotations, is straightforward and comparable to other GM vehicles. However, repairs for common issues like the EBCM, fuel level sensors, or column lock can be expensive, requiring specialized labor or parts. Long-term ownership costs will also include eventual replacement of wear items like suspension components, brakes, and tires, which are high-performance specific and not cheap. Owners prepared for these potential repair costs and dedicated to regular maintenance will find it a rewarding experience.
1998 Chevrolet Corvette Fuel Efficiency
Fuel Type
Gasoline
Fuel Capacity
72.3 liters
City Mileage
7.23 km/l
Highway Mileage
10.63 km/l
1998 Chevrolet Corvette Safety Rating
NHTSA
IIHS
1998 Chevrolet Corvette Warranty
Basic
Original warranty
0 months / No data
Estimated remaining
Expired
Powertrain
Original warranty
0 months / No data
Estimated remaining
Expired
Rust
Original warranty
0 months / No data
Estimated remaining
Expired
1998 Chevrolet Corvette Insurance
Insurance for a 1998 Chevrolet Corvette is moderately priced, reflecting its status as a Coupe with strong safety ratings and
reasonable repair costs.
reasonable repair costs.
How Does the 1998 Chevrolet Corvette Compare to Other Coupe?
The 1998 Chevrolet Corvette holds a unique position when stacked against its key rivals, primarily excelling in its performance-to-price ratio.
Against the Porsche 911 (996 generation): The C5 Corvette offered comparable 0-60 mph times and top speed to the base 996 Porsche 911, but at a significantly lower new price. The 911 generally boasts a more refined interior, superior build quality, and arguably more precise handling, but its maintenance and repair costs are substantially higher. For pure track prowess and luxury, the 911 might be "better," but the Corvette offers more bang for the buck.
Against the Dodge Viper GTS: The Viper was a brute, offering raw, unadulterated power and even faster acceleration than the Corvette. However, it was also far more expensive, less comfortable, and lacked the C5's daily drivability and creature comforts. The Corvette was the more balanced and practical choice for most.
Against the Ford Mustang SVT Cobra: The Cobra was a more direct American rival, offering strong performance for an even lower price point. While powerful, the Cobra's solid rear axle and less sophisticated chassis meant it couldn't match the Corvette's handling prowess or refinement. The Corvette was a step up in performance and sophistication.
Against the BMW M3 (E36/early E46): The M3 offered a more luxurious and refined sports coupe/sedan experience with excellent handling. While its power output was lower than the Corvette's LS1, it compensated with a more upscale interior and European prestige. The Corvette offered raw power and a distinctly American sports car feel, often at a lower price.
Reliability: The Corvette's LS1 engine is highly reliable, often outlasting its European counterparts with less dramatic repair bills for major mechanicals. However, the C5's common electrical issues can be a headache, something that premium rivals also faced with their complex systems.
Price: The Corvette unequivocally dominated its class in terms of performance per dollar, both new and on the used market.
Alternatives:
Against the Porsche 911 (996 generation): The C5 Corvette offered comparable 0-60 mph times and top speed to the base 996 Porsche 911, but at a significantly lower new price. The 911 generally boasts a more refined interior, superior build quality, and arguably more precise handling, but its maintenance and repair costs are substantially higher. For pure track prowess and luxury, the 911 might be "better," but the Corvette offers more bang for the buck.
Against the Dodge Viper GTS: The Viper was a brute, offering raw, unadulterated power and even faster acceleration than the Corvette. However, it was also far more expensive, less comfortable, and lacked the C5's daily drivability and creature comforts. The Corvette was the more balanced and practical choice for most.
Against the Ford Mustang SVT Cobra: The Cobra was a more direct American rival, offering strong performance for an even lower price point. While powerful, the Cobra's solid rear axle and less sophisticated chassis meant it couldn't match the Corvette's handling prowess or refinement. The Corvette was a step up in performance and sophistication.
Against the BMW M3 (E36/early E46): The M3 offered a more luxurious and refined sports coupe/sedan experience with excellent handling. While its power output was lower than the Corvette's LS1, it compensated with a more upscale interior and European prestige. The Corvette offered raw power and a distinctly American sports car feel, often at a lower price.
Reliability: The Corvette's LS1 engine is highly reliable, often outlasting its European counterparts with less dramatic repair bills for major mechanicals. However, the C5's common electrical issues can be a headache, something that premium rivals also faced with their complex systems.
Price: The Corvette unequivocally dominated its class in terms of performance per dollar, both new and on the used market.
Alternatives:
- Better (if budget allows): A Porsche 911 (996) for more refinement and a different driving experience, or a Dodge Viper for ultimate raw American power.
- Similar (more affordable): A Ford Mustang SVT Cobra for a powerful domestic option, or a BMW M3 for a blend of luxury and handling.
- A Later C5 Corvette (2001-2004): These models often have improved Active Handling, slightly more horsepower, and some early C5 bugs were ironed out.
Final Verdict: Is the 1998 Chevrolet Corvette a Good Coupe?
The 1998 Chevrolet Corvette is an excellent choice for the enthusiast seeking a high-performance American sports car without the exorbitant price tag of an exotic. It's ideal for drivers who appreciate raw V8 power, distinctive styling, and surprisingly comfortable long-distance cruising. Those with a penchant for weekend drives or even occasional track days will find its capabilities immensely satisfying.
Is it worth buying today? Absolutely, as a used vehicle. The 1998 Corvette represents incredible value for money, offering performance that still holds up against many modern cars. However, prospective buyers should approach with realistic expectations regarding its age. It's crucial to seek out well-maintained examples, ideally with comprehensive service records. Be prepared to address common C5 issues like the column lock system or fuel level sensors, which can be costly if not already resolved.
Both the Coupe and Convertible trims offer fantastic experiences; the choice depends on personal preference for open-air driving versus a slightly more rigid chassis and larger cargo space. A manual transmission typically enhances the driving engagement. Overall, for someone looking for an iconic, fun, and relatively affordable sports car with a strong aftermarket, the 1998 C5 Corvette is a highly recommendable purchase.
Is it worth buying today? Absolutely, as a used vehicle. The 1998 Corvette represents incredible value for money, offering performance that still holds up against many modern cars. However, prospective buyers should approach with realistic expectations regarding its age. It's crucial to seek out well-maintained examples, ideally with comprehensive service records. Be prepared to address common C5 issues like the column lock system or fuel level sensors, which can be costly if not already resolved.
Both the Coupe and Convertible trims offer fantastic experiences; the choice depends on personal preference for open-air driving versus a slightly more rigid chassis and larger cargo space. A manual transmission typically enhances the driving engagement. Overall, for someone looking for an iconic, fun, and relatively affordable sports car with a strong aftermarket, the 1998 C5 Corvette is a highly recommendable purchase.
Simon A
Simon is a contributor to VinCheck, where he provides articles and reviews on various automotive topics. His work focuses on delivering accurate and up-to-date information about used cars, helping readers make informed decisions.