The Chevy Corvette boasts impressive performance at a price that undercuts most competitors. However, special offers and deals are incredibly rare on this popular model.

This month, GM is offering a rare bonus on Corvettes equipped with the J57 ceramic brake option. Coupled with a loyalty discount, shoppers can potentially save up to $8,000 on eligible inventory.

So what models are eligible? How does the discount work? How can you save the most money? And are these deals really any good?

Here's what you need to know.

Offer Details

Starting April 1, GM is offering a $5,000 bonus on Corvettes equipped with carbon-ceramic brakes identified under GM option code J57. Made by Italian manufacturer Brembo, the brakes feature 15.5" rotors up front and 15.3" in back and are designed to handle extreme temperatures.

On a 2017 Corvette Z06 coupe with 6.2-liter supercharged V8 rated at 650 hp, the option normally adds $7,495 for a configured MSRP of $87,940 with the 7-speed manual or $90,965 with the 8-speed automatic (prices include a $995 destination charge).

Current Corvette owners and lessees are also eligible for a $2,000 loyalty bonus, an offer we've seen for quite a while. You don't need to trade-in your current car, and the discount can be transferred among members of the same household.

But that's not all.

As in previous months, Chevy is offering a $1,000 Bonus Tag on select inventory in stock the longest. Altogether, GM is offering up to $8,000 in combined savings when factoring all available incentives.

Assuming an aggressive dealer discount in competitive areas, it's entirely possible to see Z06 prices in the high $70,000 to low $80,000 range. For comparison, the least-expensive Porsche 911 starts at $90,450 and has variants approaching $200,000.

Current offers are set to end May 1, 2017.

Our Take

Large factory discounts tend to be rare on the Corvette. Incentives for specific options, let alone performance-oriented gear, are especially unusual. If you were already considering a Corvette with ceramic brakes, this month's offer should be very appealing.

Current Corvette owners stand to gain quite a bit of additional savings by taking advantage of the loyalty discount. Since selection will vary dealer to dealer, we recommend shopping around to find a vehicle eligible for the maximum discount.

Build and price your Corvette »