Buyers can save thousands of dollars this month.
Although the high-selling trucks from General Motors have not been completely unaffected by the global semiconductor chip shortage, with thousands of Chevrolet Colorados and GMC Canyons awaiting chips at the end of March, there are still some discounts to be had on the Chevy Colorado if you can get your hands on one. For the 2020 Colorado, there is a cash allowance to the value of $3,750. For consumers looking to lease a 2021 Colorado, there is a lease offer for 36 months at a cost of $259/month, although this specific deal is based on the Crew Cab LT 4WD, which is one of the mid-range trims in the lineup.
This low-mileage lease offer is based on those covering 10,000 miles per year and requires a payment of $2,179 when signing. No security deposit applies. While the cash allowance for the 2020 Colorado is applicable until June 1, 2021, the lease deal runs until June 30. If purchasing for cash, the 2021 Colorado Crew Cab LT 4WD starts from $34,400 with the shorter box and the 3.6-liter V6 engine.
Announced in October 2019, the Colorado's 2021 midlife facelift introduced a fresh design, including a redesign of the ZR2 off-road variant that is one of the most capable trucks in the segment.
The cheapest 2021 Chevy Colorado you can buy is the Extended Cab 2WD WT with the 2.5-liter four-cylinder engine which goes for $25,200, excluding a destination charge of $1,195. On the other end of the spectrum, you can easily double that price by speccing a fully loaded Colorado. Notably, the two discounts offered for May 2021 don't include low-interest financing options as has been offered previously. While we still think the Colorado is a solid choice in this segment, it ranks joint-third in our 2021 ratings after the Ford Ranger and the Jeep Gladiator.