What a Chevrolet Colorado really costs per month
By Mihir · Updated November 2026 · Numbers from the CarBudgetFit calculator
The sticker price is the start. Here is what a Chevrolet Colorado costs each month once you add the loan, insurance, gas and upkeep, new or 3 years old.
A new Chevrolet Colorado costs about $1,120 a month to own; a 3-year-old one about $1,005
The Chevrolet Colorado is the #52 best-selling vehicle in the US this year, with 72,863 sold from January to September. At about 21 mpg combined, fuel is a real line item: around $148 a month at 12,000 miles a year, more if you tow or drive mostly in town. Pickups hold their value well; a 3-year-old Colorado is estimated at about 78% of its new price. Of the 9 full-size pickups we track, it is the 3rd cheapest to own new; the Ford Maverick costs about $168 a month less.
Monthly cost breakdown, new vs used
| New | Used, 3 yrs old | |
|---|---|---|
| Price (mid-level trim) | $38,600 | $30,100 |
| Loan payment | $741 | $599 |
| Insurance | $162 | $149 |
| Gas | $148 | $148 |
| Maintenance and repairs | $70 | $110 |
| All-in per month | $1,120 | $1,005 |
| Interest over the loan | $6,950 | $7,415 |
Assumes good credit (9.5% APR used, 6.9% new), a 5-year loan, $4,000 down, 6% sales tax plus $600 in fees, 12,000 miles a year, gas at $3.10 and full-coverage insurance at typical rates. Your numbers will differ; the calculator lets you change every one of these.
What salary do you need for a Chevrolet Colorado?
Keeping all car costs under 20% of take-home pay, a new Colorado needs a salary of roughly $87,000 and a 3-year-old one roughly $77,000. For the more comfortable 15% target, it's about $121,000 for new and $107,000 for used.
Estimated for a single filer after federal tax, Social Security, Medicare and about 3.5% state tax.
By trim level
Going from the base trim to the top trim adds about $211 a month, mostly in the loan payment.
| Trim | New price | All-in / month |
|---|---|---|
| Base | $34,500 | $1,034 |
| Mid-level | $38,600 | $1,120 |
| Top | $44,200 | $1,245 |
Base is the published starting price. Mid-level and top are estimated at about 12% and 28% more.
How your credit changes the cost
On a new Colorado, the difference between excellent and rebuilding credit is about $151 a month, or $9,060 over a 5-year loan.
| Credit | New | Used |
|---|---|---|
| Excellent5.2% / 7% APR | $1,091 | $971 |
| Good6.9% / 9.5% APR | $1,120 | $1,005 |
| Fair9.8% / 13.8% APR | $1,173 | $1,067 |
| Rebuilding13.5% / 18.5% APR | $1,242 | $1,138 |
Loan length, new Chevrolet Colorado
A longer loan lowers the payment but raises the interest. A 6-year loan costs about $2,884 more in interest than a 4-year loan.
| Loan length | Payment | All-in | Total interest |
|---|---|---|---|
| 3 years | $1,157 | $1,536 | $4,124 |
| 4 years | $897 | $1,276 | $5,522 |
| 5 years | $741 | $1,120 | $6,950 |
| 6 years | $638 | $1,017 | $8,406 |
Compared with other full-size pickups
Mid-level trims, all-in monthly cost. Click any model for its full breakdown, or see all 59 models.
| Model | New, all-in | Used, all-in |
|---|---|---|
| Ford Maverick | $952 | $854 |
| Toyota Tacoma | $1,116 | $1,045 |
| Chevrolet Colorado this page | $1,120 | $1,005 |
| Nissan Frontier | $1,123 | $1,010 |
| Ford F-150 | $1,254 | $1,115 |
| Chevrolet Silverado 1500 | $1,259 | $1,122 |
| GMC Sierra 1500 | $1,302 | $1,159 |
| Toyota Tundra | $1,355 | $1,256 |
More full-size pickups: Ram 1500.
Reviews
What reviewers and owners say about the Chevrolet Colorado
Brand reliability from Consumer Reports' predicted reliability survey, published December 2025. Links open each site's latest coverage.
Safety
How safe is the Chevrolet Colorado?
IIHS awards for 2026 from IIHS releases through October 22, 2026. NHTSA is the federal safety agency; IIHS is funded by insurers and runs tougher tests. Always check a used car's VIN for open recalls.
Put in your own down payment, credit and insurance for the Chevrolet Colorado.
Open the calculator →Common questions
How much does a Chevrolet Colorado cost per month?
About $1,120 a month new and $1,005 for a 3-year-old one, counting the loan payment, insurance, gas and maintenance. That assumes a mid-level trim, $4,000 down, a 5-year loan and good credit. The loan payment alone is about $741 new.
What salary do you need to afford a Chevrolet Colorado?
Roughly $87,000 a year for a new one and $77,000 for a 3-year-old one, if you keep all car costs under 20% of take-home pay.
Is it cheaper to buy a used Chevrolet Colorado?
A 3-year-old Colorado costs about $115 a month less to own than a new one, mainly from a lower price. Used-car loans carry higher interest (9.5% vs 6.9% with good credit) and upkeep is higher, which eats into the savings.
Guides by price, salary and payment
Start from your number, then open the calculator with it filled in.