How much does the 2020 Chevrolet Colorado cost?

Prices have softened 3.86% compared to this time last year, making it a favorable time to shop this model year.

There are 2,430 listings available, which suggests solid inventory for comparison shopping.

If you find a listing below $22,444.41, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2020 Chevrolet Colorado a good car?

Yes — the 4.67/5 user rating points to strong owner satisfaction for this model year.

The 2020 Colorado sits in the middle of the truck’s second generation and stands out for a strong mix of capability and everyday usability. It offers a practical feature set in the Work Truck and LT trims, while the Z71 and ZR2 add off-road hardware and more upscale equipment for buyers who want more than basic utility.

That makes it a good fit if you want a midsize pickup that can handle daily driving, work duties, and weekend use without moving up to a full-size truck.

27.9% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2020 Chevrolet Colorado reliable?

Owners rate it 4.67/5, a strong signal of long-term satisfaction.

The 2020 Colorado benefits from a broad spread of trims and powertrains, and it remains a solid companion and a good value for the money, especially in mid-range and high trims. At the same time, the generation has a history of transmission concerns, so you should pay close attention to service records and how the truck drives.

For used buyers, the main long-term ownership risk is avoiding examples with unresolved drivetrain issues or signs of hard use.

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

At 68.8% 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 the truck has any accident, title, or service red flags. Then prioritize a thorough inspection of the transmission, suspension, brakes, and underbody, especially if the truck was used for towing or off-road driving.

Focus on overall condition and maintenance consistency, because those factors matter more when you’re comparing similarly priced trucks.

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 carefully without expecting every listing to be a bargain.

• Deal availability: 27.9% of listings are priced as good or great deals.
• Inventory: There are 2,430 listings available.
• Price trend: Prices have softened 3.86% compared with last year.
• Clean inventory: 68.8% of listings are accident-free.

If you find a listing below $22,444.41, 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 $22,938 sits slightly below last year's $23,860.

That price movement suggests the market has cooled a bit, which can help you buy more carefully now but may also limit short-term upside if you plan to resell soon. For future sellers, the key will be keeping mileage, condition, and maintenance records in strong shape so your truck stands out in a market with plenty of comparable listings.

Vehicles with strong owner satisfaction ratings, like this model year's 4.67/5, 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:

• 27.9% of listings are priced as good or great deals.
• At 68.8% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 3.86% compared with last year.
• Owners rate it 4.67/5 — a strong satisfaction signal.

Consider the 2019 if:

• At $22,047, the 2019 costs less than the current year's $22,938 average.
• It leans into simple, no-nonsense utility with distinctive diesel and ZR2 appeal.

The bottom line: If you want the better-balanced buy, the 2020 is the stronger primary choice because it combines broad trim appeal, solid owner satisfaction, and softer pricing. If your priority is spending less up front, the 2019 is the better secondary path, especially if you value straightforward utility and can find a clean example.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.