How much does the 2020 Chevrolet Silverado 1500 cost?

Prices have softened 7.72% compared to this time last year, making it a favorable time to shop this model year.

There are 9,579 listings available, which suggests solid inventory for comparison shopping.

If you find a listing below $28,863.66, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2020 Chevrolet Silverado 1500 a good car?

Generally — the 2020 Chevrolet Silverado 1500 earns a 4.48/5 user rating and a 7.17/10 expert rating, which points to broad owner satisfaction with some clear caveats. The standout strength is Performance at 9/10.

Owners repeatedly praise its excellent fuel economy, smooth performance, and spacious interior. The truck is also described as comfortable, and the overview points to broad capability with multiple powertrain choices and a wide range of configurations.

The trade-offs are just as clear: advanced safety features are not standard, and value for money is a recurring concern. The overview also notes that some buyers may feel certain features are missing for the price.

For you, that means this Silverado makes the most sense if you want a versatile full-size pickup with strong everyday usability and a lot of configuration flexibility. The market still shows 27.0% good or great deals, so there are opportunities if you shop carefully.

Is the 2020 Chevrolet Silverado 1500 reliable?

Owners rate it 4.48/5, a solid signal of long-term satisfaction.

The owner feedback points to a truck that feels dependable in daily use, with praise for smooth performance, excellent fuel economy, and a spacious cabin that supports long-term ownership. That combination suggests you can count on it for regular work and family duty if the truck has been maintained well.

The expert evaluation also reinforces that sense of durability through its strong performance and broad powertrain lineup, which gives you flexibility to choose a setup that fits your needs. Chevrolet also includes free first scheduled service, which is a small ownership perk.

For used buyers, the main long-term risk is not basic dependability so much as whether a given truck was equipped and cared for well enough to avoid expensive surprises.

What should I look for when buying a used 2020 Chevrolet Silverado 1500?

At 73.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the truck has been used for towing, off-roading, or heavy work. Pay close attention to body condition, camera performance, and interior wear, since some owners have flagged missing features and rear-camera issues.

Key things to evaluate:

• Trim level: The truck’s appearance varies widely by trim, with different grilles, finishes, wheel designs, and bumper treatments. Base versions are more utilitarian, while higher trims add a more upscale look and feel.
• Powertrain: Chevrolet offers multiple engines and transmissions, including a new 3.0-liter turbodiesel 6-cylinder for 2020. The 6.2-liter V8 is the recommended engine in the expert review, and the diesel can return up to 27 mpg on the highway.
• Safety package: Forward-collision warning with automatic emergency braking, lane-departure warning, lane-keeping assist, and camera-based adaptive cruise control are limited to LTZ and High Country. Blind-spot warning with rear cross-traffic warning can be added to LT and RST.
• Infotainment: You get a 7-inch or 8-inch touchscreen with Apple CarPlay, Android Auto, Chevrolet Connected Access services, and a 4G LTE WiFi hotspot. Upgrades include navigation, wireless device charging, and a Bose premium sound system.
• Fuel efficiency: The diesel engine returns up to 27 mpg on the highway, and the test truck averaged 16.8 mpg in combined driving.

Which 2020 Chevrolet Silverado 1500 trim should I buy?

The 2020 Chevrolet Silverado 1500 is offered in 6 trim levels: WT, Custom, LT, RST, LTZ, and High Country.

Here's the short version:

• WT: This is the work-focused starting point, and it makes sense if you want the Silverado’s core capability without paying for extra comfort or tech.
• Custom: This trim adds a more distinctive look and is also one of the trims that can be paired with the Trail Boss treatment, making it a better fit if you want more personality.
• LT: This is the best-value trim for many shoppers because it balances equipment, availability of key options, and broader appeal without jumping to luxury pricing.
• RST: Choose this if you want a more style-driven truck and want access to added safety equipment that is not standard on lower trims.
• LTZ: This is where the Silverado’s advanced driver-assistance features become available, so it suits you if safety tech matters more than saving money.
• High Country: This is the upscale choice, with the most premium positioning and the same advanced safety availability as LTZ.

The safety-package cutoff is important: the most advanced driver-assistance features are limited to LTZ and High Country, while some additional safety tech can be added to LT and RST.

Is now a good time to buy a used 2020 Chevrolet Silverado 1500?

This looks like a moderate, selective buyer’s market, so you should shop with patience and compare listings closely.

• Deal availability: 27.0% of listings are priced as good or great deals.
• Inventory: There are 9,579 listings available.
• Price trend: Prices have softened 7.72% compared with last year.
• Clean inventory: 73.5% of listings are accident-free.

If you find a listing below $28,863.66, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Chevrolet Silverado 1500's resale value?

The current average of $28,858 sits slightly below last year's $31,273.

That price decline suggests the market has already adjusted downward, which can help you buy more truck for the money now. For a future seller, it also means resale value may depend heavily on condition, trim, and equipment rather than just model-year desirability.

Because the Silverado still has strong demand, broad configuration choices, and a large pool of shoppers, well-kept examples should remain easier to move than neglected ones. Trucks with desirable powertrains and stronger equipment content are likely to hold buyer interest better than stripped or poorly maintained examples.

Vehicles with solid owner satisfaction ratings, like this model year's 4.48/5, tend to retain buyer demand, which supports resale value over time.

Is the 2020 Chevrolet Silverado 1500 safe?

The Silverado earns a four-star overall rating from NHTSA, with four-star ratings for driver and front passenger protection in a head-on collision. In IIHS testing, it earned a Marginal rating for front passenger protection in a small overlap frontal-impact collision on the right side, a Good rating on the left side for the driver, and Poor headlights.

It earns a 5/10 safety score from our experts.

Chevrolet’s driver-assistance suite is limited on this truck. Forward-collision warning with automatic emergency braking, lane-departure warning, lane-keeping assist, and camera-based adaptive cruise control are reserved for LTZ and High Country. Blind-spot warning with rear cross-traffic warning can be added to LT and RST, but those features are not standard across the lineup.

The main safety caveat is that advanced safety equipment is not widely standard, and the crash-test results are uneven. If safety is a top priority, you should focus on trims that unlock the fuller suite and verify the exact equipment on the truck you’re considering.

Should I buy a 2020 Chevrolet Silverado 1500 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:

• 27.0% of listings are priced as good or great deals.
• At 73.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 7.72% compared with last year.
• Owners rate it 4.48/5 — a solid satisfaction signal.
• The 2020 adds a new 3.0-liter turbodiesel, broader powertrain availability, a bed-view camera, and camera-based adaptive cruise control.

Consider the 2019 if:

• At $26,757, the 2019 costs less than the current year's $28,858 average.
• It’s a redesigned truck with a comfortable ride and strong owner appeal.

Consider the 2021 if:

• At $31,631, the 2021 costs more than the current year's $28,858 average.
• It adds a wide range of powertrain choices and easy-to-use technology.

The bottom line: If you want the best balance of price, inventory, and updated equipment, the 2020 is the smart default. If you’re shopping on a tighter budget, the 2019 can save you money, while the 2021 makes sense if you’re willing to pay more for a newer-year alternative.

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