Going mid-engine can't be cheap, so you'd think the 2020 Chevrolet Corvette Stingray would receive a hefty price hike. But you'd be wrong. At the reveal in Tustin, California, Chevrolet 's Mark Reuss shocked the crowd by announcing that the C8 Corvette will have a starting price below $60,000. Thats for the base Stingray model, which is equipped with a 6.2-liter LT2 V-8 turning 495 hp and 470 lb-ft of torque through a dual-clutch eight-speed transaxle developed with Tremec. With this revolutionary drivetrain the Stingray can launch from 0 to 60 in about 3 seconds.   For reference, the 2019 C7 Corvette Stingray starts at $56,995. That the C8 Stingray, with its clean-sheet development, complex R&D cycle, and intricate construction, might start for only a few thousand dollars more is an impressive feat by General Motors and a highly appealing proposition for enthusiasts. The Corvette has always presented great value, delivering V-8 thrills at attainable prices. However, it was sometimes clear where Chevrolet put its development dollarsjust look at the interior of the C6. Now, though, the Corvette looks to be a world-class item throughout, and it joins an elite club of mid-engine performance cars that put driving dynamics at the forefront. Stacking the C8 Stingray against its competitors proves its value. A comparably priced mid-engine car is the Porsche 718 Cayman , starting at $58,150, but that Porsche 's comparative performance pales with 300 hp and a 4.9-second 060. The Challenger Hellcat starts at $62,440 and has a tremendous 717 hp, but it also has a 4,428-pound curb weight. Although we only know the C8's dry weight is 3,366 pounds, even filled with passengers and fluids it's a lightweight compared to the Dodge . The track-focused Mustang GT350 is similarly priced at $60,235, but drivers will feel a twinge of pain any time a fleet-spec turbo four-cylinder Mustang passes byC8 Stingray drivers, never. The mid-engine Audi R8 has 562 hp and accelerates to 60 in 3.4 seconds, but you could buy two C8 Stingrays for its $171,150 starting price and have cash left over. --> MotorTrend includes destination and delivery charges in pricing, so there's a chance that the C8 Stingray will crest $60,000 once the official price is revealed. Options like the Z51 performance package and a multitude of available interior and exterior details will further drive the price up. No matter whats on the order sheet, though, the C8 represents great bang for the buck. Check out our comprehensive mid-engine C8 coverage HERE . Once you've read up on Chevy 's new sports car, you can reserve your own 2020 Chevrolet Corvette Stingray here. The post Supercar Bargain! 2020 Chevrolet Corvette Stingray to Start Below $60,000 appeared first on MotorTrend .