Used 2020 Chevrolet Colorado for SaleNationwide

How much does the 2020 Chevrolet Colorado cost?

Prices have softened 9.71% compared to this time last year, making it a favourable time to shop this model year.

There are 112 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2020 Chevrolet Colorado a good car?

Yes — 4.67/5 is a strong user rating for this model year, and the Colorado’s overview points to a midsize pickup that balances everyday usability with real capability. You get a useful spread of body styles and trims, from the more basic Work Truck and LT to the more capable Z71 and ZR2, so you can match the truck to how you plan to use it. That makes it a practical choice if you want a truck that can handle commuting, hauling, and weekend duty without feeling stripped down.

With 21.4% 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 reliability concerns tied to early transmission problems, including shakes, jerks, clunks, failure to engage, and complete failure. That means you should pay close attention to service records and test-drive behaviour, especially if you’re considering a higher-mileage used example.

For used buyers, the main long-term ownership risk is that transmission history can turn a good-looking truck into a costly one if it hasn’t been properly maintained or repaired.

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: 21.4% of listings are priced as good or great deals.
• Inventory: There are 112 listings available.
• Price trend: Prices have softened 9.71% compared with last year.

If you find a listing below $26,707 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 $26,854 CAD sits slightly below last year's $29,741 CAD.

That price movement suggests the market has cooled, which can work against you if you’re planning to sell soon. If you buy at today’s average and the market stays soft, your resale upside may be limited in the near term. On the other hand, a lower entry price can help you protect value if you keep the truck in strong condition and avoid overpaying now.

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:

• 21.4% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.71% compared with last year.
• Owners rate it 4.67/5 — a strong satisfaction signal.

The bottom line: The 2020 Colorado makes the most sense if you want a midsize pickup with a broad trim spread and a market that has become a bit more buyer-friendly. If you’re price-sensitive, you can also keep an eye on nearby model years, but the 2020 is the better starting point when you want a balance of capability, usability, and current pricing discipline.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.