Used 2020 Chevrolet Colorado for Sale nearChicago, IL

How much does the 2020 Chevrolet Colorado cost?

Prices have softened 4.95% compared to this time last year, making it a favorable time to shop this model year.

There are 2,497 listings available, which gives you a solid amount of inventory to compare.

Is the 2020 Chevrolet Colorado a good car?

Yes — 4.7/5 is a strong user rating, and the 2020 Colorado’s appeal comes from its balance of capability and value. It offers useful towing ability, a broad trim spread, and more capable powertrains than the base setup, so you can tailor it to work, daily driving, or off-road use. The better-equipped versions are the ones that make the strongest case for you if you want a midsize truck with real utility.

33.4% of listings are priced as good or great deals, which gives you a meaningful set of opportunities to shop selectively.

Is the 2020 Chevrolet Colorado reliable?

Owners rate it 4.7/5, a strong signal of long-term satisfaction.

The 2020 Colorado’s reliability story is mixed because the model line had recurring transmission complaints in earlier years, and a few later trucks still drew complaints. That means you should pay close attention to service history and how the truck shifts on a test drive, especially if you’re considering higher-mileage examples.

For used buyers, the main long-term ownership risk is ending up with a truck that has unresolved transmission issues or a rough maintenance history.

What should I look for when buying a used 2020 Chevrolet Colorado?

At 66.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and confirm whether any prior damage was repaired properly. Then prioritize a thorough inspection of the transmission, suspension, and overall body condition, since those areas matter most for long-term satisfaction in a used truck. If possible, focus on examples with complete maintenance records and a clean test drive.

Is now a good time to buy a used 2020 Chevrolet Colorado?

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly on the best examples.

• Deal availability: 33.4% of listings are priced as good or great deals.
• Inventory: There are 2,497 listings available.
• Price trend: Prices have softened 4.95% compared with last year.
• Clean inventory: 66.6% of listings are accident-free.

If you find a listing below $22,146, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Chevrolet Colorado's resale value?

The current average of $22,146 sits slightly below last year's $23,300.

That softer pricing can help you buy at a more favorable point in the cycle, but it also means future resale gains may be more limited if the market stays soft. If you plan to sell later, condition and maintenance history will matter a lot, especially because buyers in this segment tend to compare trucks closely on value and confidence.

Vehicles with strong owner satisfaction ratings, like this model year's 4.7/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 Chevrolet Colorado or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 33.4% of listings are priced as good or great deals.
• At 66.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 4.95% compared with last year.
• Owners rate it 4.7/5 — a strong satisfaction signal.

Consider the 2019 if:

• At $21,272, the 2019 costs less than the current year's $22,146 average.
• It emphasizes simple, practical capability with available diesel and off-road appeal.

The bottom line: You should lean toward the 2020 if you want the stronger current-market balance of price, inventory, and buyer confidence. If your priority is saving money upfront, the 2019 is the better secondary path, especially if you find one with the right equipment and condition.

How does the 2020 Chevrolet Colorado compare to the 2020 GMC Canyon?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.