2020 Chevrolet Sonic Prices: MSRP vs Dealer Invoice vs True Dealer Cost w/ Holdback
MSRP | Invoice Price | Destination Fee | Holdback | Dealer Cost
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Fifteen years ago, compact cars were considered no-frills options available to those with a tight pocketbook. Little in the way of advanced convenience features or safety aids were offered, so it was really a matter of consumers settling for less than they wanted. Those days are over, and the 2020 Chevrolet Sonic is the proof in the pudding.
The 2020 Chevrolet Sonic is well-designed, beats out rivals in the areas of comfort and utility, and comes with a very, very long list of desired high-tech features. It has unbeatable safety scores, and it sips fuel through a thin straw. New for 2020 are two additional exterior color options, and the six-speed manual transmission has been sent to the dust bin.
Yes, this is a compact sedan, but it's also one of the most spacious vehicles in this class. Headroom and legroom abound in both the front and rear seating area. The vehicle's high roofline means comfort even for six-foot individuals. The LT trim can be purchased either as a sedan or hatchback.
Cupholders and storage cubbies are located throughout the airy cabin. Even the trunk is similarly sized to what one finds on many of the mid-size sedan models. The base trim comes with average-quality upholstery, and even the uplevel trims don't offer premium materials. However, there's nothing cheap-looking about the interior, and the seats are plenty comfortable.
Interior And Exterior Features
The 2020 Chevrolet Sonic is no luxury vehicle by any stretch of the imagination, so there's no point in comparing it to compacts from BMW or Mercedes-Benz. That being said, consider what this model brings to the table. The base trim, known as the LS, comes with power accessories including remote locking and unlocking, air conditioning, and four-way adjustable front seats. The steering wheel is tilt-and-telescopic, and the rear bench seat is 60/40-split folding. Exterior features include automatic headlights, 15-inch steel wheels, and running lights.
Moving on up to the mid-level LT trim, one gets upgraded cloth upholstery and power windows. The LT is eligible for a package that adds on heated front seats, push-button start, a power-adjustable driver's seat, and some unique material accents. The top trim, known as the Premier, rides on 17-inch wheels, comes with all of the features of the aforementioned package, and adds on simulated leather upholstery. Some exterior styling enhancements are also offered through the purchase of an additional package. A sunroof is a stand-alone option on the Premier.
This is one of the 2020 Chevrolet Sonic's biggest selling points. Consider the entry-level LS trim, starting at around $16,700. For this price, one gets a 7-inch screen display, Bluetooth, smartphone app integration, two USB ports, and a very nice four-speaker sound system. Also standard are OnStar and a 4G LTE data connectivity with an onboard Wi-Fi hotspot. The connectivity hotspot has a powerful modem and sensitive antenna that allows for crisp connection even when the smartphone signal is down to a single bar.
The uplevel LT trim gets a six-speaker stereo system and adds on satellite radio. The Convenience package option includes proximity entry. The Premier trim comes with this package as standard.
This isn't a muscle car, but those who want to save at the gas pump certainly won't mind. The single engine choice is a turbocharged 1.4L engine rated at 138 horsepower. That's not much, but the turbocharger really kicks in in the low gears, so getting up to freeway speed is a snap.
Transmission is six-speed automatic, and power is sent to the front wheels. Chevrolet offers a special package on the LT and Premier trims that includes sport-tuned suspension and sport exhaust. Cruise control is standard on the LT and Premier trims.
Overall, the driving experience is enjoyable. The 2020 Chevrolet Sonic fits into the tightest of parking spaces, and it has a very small turning radius. Once at cruising speed, engine noise is significantly dampened.
Every 2020 Chevrolet Sonic comes with stability control, antilock brakes, child seat anchors and tethers, and a rearview camera. Other standard features of note include rear headrests, rear door child safety locks, LED daytime running lights, front and rear head airbags, and dual front and dual rear side airbags.
The OnStar communications includes crash notification and emergency response systems. The Driver Confidence package, available on the LT and Premier trim, includes forward collision alert, rear parking sensors, and lane departure warning. The rear park assist system sounds an audible when the vehicle is in reverse to alert the driver of any obstacles picked up by the rear sensors.
The 2020 Chevrolet Sonic was awarded the highest possible safety ratings. These include a perfect five stars for overall crash protection, frontal barrier crash rating, side crash rating, and combined side barrier and pole rating. The IIHS awarded the Sonic with a "Good" rating for side impact strength, roof strength, and rear crash protection.
Overall, this is a very safe car that gets the attention of the insurance companies. Lower premiums are something everyone wants, and the Sonic won't disappoint.
The 2020 Chevrolet Sonic is loaded with features, more so than many competing models in its segment. Most of those models are also higher in price, so buyers are encouraged to check out what the Sonic brings to the table. It's small, easy to drive, gets great fuel mileage, and boasts one of the most spacious interiors of any compact on the market.
How to Calculate The Dealer Cost of a Chevrolet Sonic
Formula for Calculating Dealer Cost:
- Example: Base Chevrolet Sonic invoice price + the dealer Invoice price of all the options + destination - Holdback = Total Dealer Cost.
- What is Holdback? A hidden amount that manufacturers give back to a dealer. It is a percentage of the MSRP or the Invoice price.
Total Dealer Cost - Rebate and Incentive + Taxes / Licensing Fees = True Dealer Cost. (You can get rebates and incentives here)
Note: All Chevrolet Sonic MSRP, invoice and dealer cost dollar figures above are approximate amounts. Prices are subject to change without notice.
A note about rebates: Most rebates are subtracted from the "on the road" figure. In most cases, you can have the rebate if you are arranging your own financing or you are paying cash. If you decide to use the manufacturer’s low interest financing, you do not usually get the rebate. Ask your dealer for details.