2020 Chevrolet Suburban MSRP and Pricing Information

The 2020 Chevrolet Suburban MSRP started at $51,700, but this isn’t likely to be your final cost. Learn why right here.
Written by Macy Fouse
Reviewed by Kathleen Flear
Updated on Oct 24, 2022
The 2020 Chevrolet Suburban had a starting manufacturer’s suggested retail price (MSRP) of $51,700—but you could be looking at closer to $80,000 with all of the trim options, upgrades, and dealer fees. 
The iconic Chevrolet Suburban has been around for nearly 90 years, so it’s doing something right. Whether you need a go-to family hauler, a heavy-duty tow machine, or a comfortable road trip companion, the Suburban has just about everything—and a wide range of price points to boot.
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2020 Chevrolet Suburban MSRP

The lowest 2020 Chevrolet Suburban LS trim had an MSRP of $51,700. Moving up, the LT trim adds extra tech and safety features for a starting MSRP of $56,500, and the top Premier trim unlocks additional comfort features and technology for $65,500.   
That doesn’t necessarily mean this is what you’ll pay for a 2020 Suburban. Since the Manufacturer’s Suggested Retail Price is merely a suggestion, dealers are free to adjust their sticker prices however they choose. 
MSRP also doesn’t encompass extra fees, like destination fees—the amount of money the dealer charges you to cover the transportation expenses of the vehicle from the factory. You’ll also pay more for any add-ons, upgrades, or dealership deals, so your final price could be much higher than the original MSRP. 

2020 Chevrolet Suburban packages MSRP

The price of a 2020 Chevrolet Suburban also depends on what configuration you go with—and that goes beyond the trim. This also includes any special edition configurations or packages it has—and there are quite a few to choose from:
  • Max Trailering Package ($680 MSRP): increases towing capacity to 8,300 pounds, adds air-leveling rear suspension, trailer-brake controller, and powertrain modifications for quicker acceleration
  • Interior Protection Package ($395 MSRP): adds premium all-weather floor mats and cargo mat
  • Enhanced Driver Alert Package ($695 MSRP): includes Max Trailering Package, power-adjustable pedals, forward collision alert, IntelliBeam headlamps, low-speed automatic braking, lane-keep assist, lane-departure warning, and safety alert seat, rear axle ratio, integrated trailer brake controller; the LS and LT trims include rear air-leveling suspension; 4WD models include 2-speed active transfer case
  • Luxury Package ($2,860 MSRP): adds a myriad of bonus safety, technology, and design features including keyless open and start, power tilt steering column, heated steering wheel, hands-free liftgate, front/rear park assist, rear cross-traffic alert, lane-change alert, and side blind zone alert
  • Z71 Off-Road Package ($1,600 MSRP): Z71 Off-Road suspension, 3.42 rear axle ratio, 2-speed active transfer case, high-capacity air filter, hill descent control, front/rear park assist, black recovery hooks, and Z71-specific features including grille design, skid plates, 18-inch wheels with all-terrain tires, black assist steps, and other Z71 trims
  • Texas Edition Package ($3,110 MSRP): includes all features from the Luxury Package plus black roof rack cross rails and Texas Edition door badges
  • Sun, Entertainment, and Destinations Package ($3,695 MSRP): Chevrolet Infotainment System with navigation (LT models), power sunroof, rear seat Blu-ray® Entertainment System, nine months of SiriusXM Radio all-access, NavTraffic, and Travel Link
  • Theft Protection Package ($495 MSRP): self-powered horn, interior movement and vehicle inclination sensors, door and liftgate lock shields, and glass breakage sensors in the rear quarter glass and liftgate windows
  • LT Midnight Edition ($1,835 MSRP): 20-inch black-painted aluminum wheels, all-season Blackwall tires, black bowtie emblems, black roof rack cross rails, black exterior
  • Z71 Midnight Edition ($2,285 MSRP): includes all Z71 Off-Road Package plus 18-inch black-painted aluminum wheels with all-terrain tires, black bowtie emblems, and Z71 Midnight grille
  • Suburban RST ($3,095 MSRP): 22-inch gloss black aluminum wheels with custom silver accents, gloss black sport grille, black bowties and nameplate badging, body-color grille surround,  black mirror caps, beltline moldings, and roof rails (available on the LT and Premier trims)
  • RST 6.2-liter Performance ($3,495 MSRP): 420-hp 6.2L EcoTec3 V8 engine, Hydra-Matic® 10-speed automatic transmission, Magnetic Ride Control™, plus the option to add Brembo® performance front brake kit and/or the Borla performance exhaust accessory system (available only on Premier trim)
  • Premier Plus Edition ($5,500 MSRP): adds the 6.2L EcoTec3 V8 engine, 22-inch aluminum wheels, cabin noise cancellation, high-capacity air filter, trailer brake controller, power sunroof, power-retractable assist steps, interior leather appointments, heads-up display, cargo area organizer, enhanced infotainment center, and 12 months of 4G LTE WiFi hotspot
Those are just the official Chevrolet packages! Between these options, the destination fee, and other additional upgrades, your final price could be nearing $80,000!

What is the average price of a 2020 Chevrolet Suburban? 

These may be the MSRPs for the 2020 Suburban, but what will you actually be paying for your SUV? According to Kelley Blue Book, the most basic LS model has a fair market range between $44,000 and $51,000 with a typical listing price closer to $49,000
Why is it so much cheaper than the original MSRP? Well, the 2020 model is a few years old now, so you’ll have to buy a used Suburban. Choosing a more expensive or outfitted Suburban, however, will have that price climbing.
For instance, a Suburban Premier with a V8 engine and 8,300-lb towing capacity has a typical listing price of around $56,000.

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