Prepare to take out a second mortgage on your home or perhaps even sell off your first born, because General Motors announced earlier last week that the 2014 Corvette Stingray will cost around $52,000 – and that’s just for the base model.

Okay, so while being able to afford a new Corvette may not be worth giving up one of your progeny, some of you over zealous speed fiends may still want to seriously consider some shifty financing options. That's because the latest model has been completely revamped and its new, sleeker design makes the current model’s near decade-old-appearance come across seemingly unimpressive.

However, representatives from General Motors say that even though the price off the 2014 Corvette Stingray will cause buyers to dig a little deeper than before, it still only costs around $1,400 more than the current model. “The $1,400 increase is not that much of a change when you look at everything that's happened to the car," said John Fitzpatrick, marketing manager for Chevrolet.

The 2014 Corvette Stingray will be unleashed this summer with a new 450-horsepower, 6.2-liter V-8 engine that has the capacity to switch to four cylinders for better fuel economy on the highway. It comes with a standard seven-speed transmission and can go from zero to 60 mph in less than four seconds. Yes, that is slightly faster than what the current model has to offer.

Chevrolet