New Colorado vs Used Colorado: Wheres the Value?

So you’ve decided to upgrade your current truck to one of the Chevrolet Motor Company’s most popular mid-size pickup trucks: the Chevy Colorado. Now you have to engage in the debate that’s been going on for over a century: is it better to buy a new truck or a used Chevy Colorado?

Here’s what you should consider when determining where is the greatest value for your next pickup purchase:

What’s So Great About the Newest Chevy Colorado?

The 2022 Colorado is the most up-to-date version of this popular pickup truck, but there aren’t too many new elements for the new year. The most exciting addition this year is the available dealer-installed Trail Boss package.

The Trail Boss package turns your regular Colorado into an off-road beast with the following upgrades:

• One-inch lift suspension
• Kid plates on the front and middle of the undercarriage
• Black exterior badges
• Red tow hooks
• Black 17-inch rims
• And more

The biggest factor to notice about a new Colorado is the price. The starting trim starts at around $26,000, with the highest trim beginning at $43,795.

Why Buy a Used Chevy Colorado?

It might be nice to enjoy a fresh Colorado, but it may not be possible for every driver. If you’re weighing your options, you definitely want to consider reasons why buying a used Chevy Colorado is your best bet.

Save Money

New vehicles, on average, lose a good 50% of their value within the first three years on the road. A brand new truck depreciates almost immediately the moment you drive off of the lot. A used Colorado holds its value longer.

On top of great value, a used Colorado has an exponentially lower sticker price. You’ll also save on taxes, insurance, and more.

More Options

Since a pre-owned Colorado has a lower price, you can stretch your budget to cover more options. That means you could opt for a higher-level trim than what you might be able to afford otherwise. You might even jump on some available dealer upgrades and enhancements.

Similar Options

Sure, a used Chevy Colorado may not have the most updated features or systems like you’ll find in a brand new version. That doesn’t mean you’ll have to go without excellent features. There are plenty of recent models that come with things like Apple CarPlay, Android Auto, driver-assistance features, upgraded sound systems, and more.

Available Data

Used vehicles offer something that new options just can’t match: reviews and data. Before you purchase a used car, you can read dozens of reviews from test companies, owners, etc. You can see if the vehicle has any known issues, recalls, and more. This kind of data takes time to collect but can make a world of difference in making your decision.

Go Your Own Way

If you are someone who loves to have the latest and greatest and a new Colorado fits into your budget, grabbing a fresh model may be the perfect option. If, however, you’re looking for tremendous value, a used Chevy Colorado may be up your alley. Of course, you can combine both options with a certified pre-owned model, but that’s another story.

Stop by your local Chevy dealer to explore your options and see which Colorado version best fits your needs.