Used 2020 Chevrolet Colorado for Sale nearPeterborough, ON

How much does the 2020 Chevrolet Colorado cost?

Prices have softened 7.51% compared to this time last year, making it a favourable time to shop this model year.

There are 116 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2020 Chevrolet Colorado a good car?

Yes — the 2020 Chevrolet Colorado earns a 4.67/5 user rating, which points to strong owner satisfaction for this model year. The overview shows a midsize pickup that balances everyday usability with real capability, and it gives you a useful spread of body styles and trims, from the practical Work Truck and LT to the more off-road-focused Z71 and ZR2. That makes it a sensible fit if you want a truck that can handle daily driving without giving up utility or capability. With 30.2% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example.

Is the 2020 Chevrolet Colorado reliable?

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

The overview also notes that this generation had early transmission problems, including shakes, jerks, clunks, failure to engage, and complete failure, so reliability is not something you should take for granted on every used example. You should treat service history and a careful test drive as essential parts of your shopping process, because transmission-related repairs can create meaningful long-term ownership risk for used buyers.

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 right truck.

• Deal availability: 30.2% of listings are priced as good or great deals.
• Inventory: There are 116 listings available.
• Price trend: Prices have softened 7.51% compared with last year.

If you find a listing below $26,708 CAD, 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 $27,358 CAD sits slightly below last year's $29,580 CAD.

That softer pricing suggests the market has eased, which can help you buy in at a more favourable point if you plan to keep the truck for a while. For a future seller, it also means you should expect resale value to depend heavily on condition, mileage, and trim, especially because the market is already pricing this model year below where it was a year ago. 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:

• 30.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.51% compared with last year.
• Owners rate it 4.67/5 — a strong satisfaction signal.

The bottom line: You should focus on the 2020 if you want a midsize pickup with a broad trim spread, useful everyday versatility, and a market that currently gives you some negotiating room. If you are especially price-sensitive, you can also compare nearby years, but the 2020 is the better starting point when you want a balanced mix of capability, equipment, and current value.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.