Used 2020 Chevrolet Colorado for SaleNationwide

How much does the 2020 Chevrolet Colorado cost?

Prices have softened 6.77% compared to this time last year, making it a favourable time to shop this model year.

There are 107 listings available, which gives you a reasonable amount of inventory to compare.

Is the 2020 Chevrolet Colorado a good car?

Yes — the 4.7/5 user rating points to strong owner satisfaction, and the Colorado’s appeal comes from its mix of everyday usability and real capability. It offers a good blend of comfort and utility, with more towing and payload capacity than the popular Toyota Tacoma for less cost, while also being larger and more spacious than most years of the Nissan Frontier. That makes it a practical choice if you want a midsize pickup that can handle work duties without stepping up to a full-size truck.

With 29.0% 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 4.7/5, a strong signal of long-term satisfaction.

The Colorado’s reliability picture is mixed because its strengths are offset by known transmission concerns in this generation. Chevrolet’s own positioning highlights the truck’s capability and versatility, but the early automatic transmission issues remain an important part of the ownership story for used buyers. If you shop carefully and prioritise a well-maintained example, you can reduce some of that risk, but transmission history should be a key part of your inspection.

For used buyers, the main long-term ownership risk is that transmission-related repairs can be costly if the truck has been poorly maintained or driven hard.

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 and still find worthwhile options.

• Deal availability: 29.0% of listings are priced as good or great deals.
• Inventory: There are 107 listings available.
• Price trend: Prices have softened 6.77% compared with last year.

If you find a listing below $26,745 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 $28,016 CAD sits slightly below last year's $30,050 CAD.

That softer pricing suggests the Colorado is currently more buyer-friendly than it was a year ago, which can help you enter ownership at a lower cost. For a future seller, that also means there may be less room for appreciation in the near term unless the truck is especially well equipped or exceptionally clean. Well-kept examples with desirable trims should still hold attention, but the broader market trend favours buyers right now.

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:

• 29.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.77% compared with last year.
• Owners rate it 4.7/5 — a strong satisfaction signal.

The bottom line: The 2020 Colorado is the better pick if you want a used midsize pickup with a solid mix of capability, comfort, and current market value. If you are especially price-sensitive, you may also want to compare nearby years to see whether a similar truck is available at a lower asking price, but the 2020 remains a sensible primary target when you want a balanced used Colorado.

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.