If you’re in the market to lease a Chevrolet Colorado, your monthly lease payments will range from $453 to $532 depending on the trim level, negotiated selling price, your current credit score, and how much you put down.

If you’re looking for all the perks of a pickup with a more affordable price point, the Chevrolet Colorado is a great option. It’s versatile, easy to maneuver, and has a good towing capacity of 7,700 lbs. But if you aren’t ready to commit to financing a car, opting for a car lease may be better suited to you.

Although leases come with more restrictions, you’re dealing with lower monthly payments and maintenance protection that takes care of most costs.

If you’re ready to get behind the wheel of a Chevy Colorado,

car insurance

comparison and broker app

Jerry

is walking you through what you need to know about the lease process. We’ll cover how to lease a Colorado, monthly costs, what’s included in your lease, and available options at lease-end. We'll even show you how to save on your

Chevy Colorado insurance costs

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* checking your rate won’t affect your credit score

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* checking your rate won’t affect your credit score

How to lease a Chevrolet Colorado

If your heart is set on hitting the highways in a Colorado, Chevrolet has made the leasing process pretty straightforward. Here are the steps to follow to drive off the lot in a brand-new Chevy Colorado.

Get a credit check—Having a

good credit score

(anything above 700) shows lenders that you’re reliable and can make your payments. Most dealerships want to know you have good credit before they’ll approve you for a lease with good terms.

Figure out your budget—Are you looking for just the basics or do you want all the fancy bells and whistles? Monthly payments for a Colorado can vary quite a bit, so it’s important to know your budget and stick to it. You shouldn’t be spending more than 15% of your monthly income on car payments.

Find the right trim—The Colorado has a few trim levels, all of which come with different features. Do you want the base level or are you looking for a turbocharged off-roader? Remember, higher trim levels and more options come with a higher monthly payment—and potentially higher car insurance costs, too.

Book a test drive—Before you commit to a lease, you want to make sure you like how the vehicle drives and feels. Take the Colorado out for a spin and make sure you’re sold before signing a lease.

Know your upfront costs—A down payment isn’t mandatory for getting a car lease, but it does help to lower your monthly costs and increase the chance of being approved for a lease.

Consider your annual mileage—Most car leases come with a maximum of 10,000 to 15,000 miles per year. If you’re someone who spends a lot of time on the road, you may want to consider upgrading to a high-mileage lease to avoid excess mileage costs when your lease term is up.

Now that you’ve got your finances in line and you’ve found the model that suits you best, it’s time to visit your local Chevy dealer to see what kind of

lease offers and incentives

they have available. These are a great way to cash in on savings and lower your monthly payments! Be firm with your budget, and make sure you’re getting the best deal before you sign.

The final step: shop for insurance

Before you can drive off the lot in your brand-new Colorado, you’ll need to make sure it’s covered with the right car insurance. That’s where car insurance comparison and broker app

Jerry

comes in handy.

Jerry finds you the best coverage at the best rate, regardless of whether you choose to lease or finance. Once you find the right policy, Jerry will take care of switching you over. It’s the easiest way to save money on your car insurance.

How much does a Chevrolet Colorado lease cost?

On average, leasing a Chevrolet Colorado will cost you $453 to $532 per month on a 36-month term.

The exact monthly payment is going to depend on a few factors, including:

Trim level and optional features

Length of lease term

Your down payment

Credit score

Chevrolet also has some great lease offers and incentives on the Chevy Colorado, which can help to further reduce your payments.

With that said, the trim level you choose for your Colorado is going to be a big indicator of how much you can expect to pay monthly. On a 36-month lease term, the WT trim starts at $453 per month, but if you’re looking for a bigger engine, greater towing capacity, or enhanced interior technology, you can expect to pay more.

Let’s go through the cost of leasing a 2022 Chevrolet Colorado by trim level. We’ll look at how much your monthly payments will be and how much is due at signing on a 36-month lease term with no money down.

Trim level	Monthly payment	Amount due at signing
WT	$453	$453
LT	$474	$474
Z71	$532	$532

Find out if you can reduce your monthly car payments in minutes

* checking your rate won’t affect your credit score

Check your rate

* checking your rate won’t affect your credit score

Your credit score is also a major factor that influences your monthly payments. A credit score above 700 is classified as good and will generally qualify you for good lease terms and a low interest rate.

While having a low credit score may not disqualify you from being approved for a car lease, you aren’t likely to get the best deals, and you’ll be subject to higher interest rates and less favorable lease terms.

MORE: How to calculate a car lease payment

Services included in a Chevrolet Colorado lease

One of the major perks of leasing a car is that most of your maintenance charges are covered! All Chevrolet cars come with a 3-year or 36,000-mile bumper-to-bumper warranty. Contact your local Chevy dealer for details on what’s covered under your lease protection.

If you feel you need more than the basic maintenance program, you can upgrade to the

Chevrolet Advanced Lease Protection

, which provides additional services and protection, as well as extended coverage after the manufacturer’s warranty expires.

On top of the basic maintenance protection plan, there’s also the

XS Wear Lease Protection

, which is applicable for leases from 12 to 60 months. This plan covers damages beyond normal wear and tear upon lease-end. If you choose to add this plan, you’ll be covered from:

Dents, scratches, and chips

Interior stains

Chipped glass

Tires and wheels

Missing parts, owner’s manual, or keys (charges must be less than $150 per item)

Excess mileage charges up to $400

MORE:

The top 10 cheapest trucks to insure

What to do when your Chevrolet Colorado lease is up

With your Colorado, good things don’t have to come to an end! Once your lease term is up, you have a few options:

Purchase or lease a new Chevrolet Colorado or another GM vehicle

Buy your current Colorado outright

Return your leased vehicle to the dealer

How to return a leased Chevrolet Colorado

If you’ve decided you want to trade in your current ride for a newer model or another GM model, purchasing or leasing another one is easy.

All you have to do is make an appointment with your local GM dealer, pick the new vehicle you want to buy or lease, return your existing vehicle, and get started on a new lease. Remember that if you have any outstanding charges from excess mileage or

wear and tear

, you’ll have to settle those before you can sign for a new lease.

And before you take your vehicle back to the dealer, you’ll have to book a complimentary vehicle inspection to assess any damage and make sure your vehicle is in working order. This can be done at your GM dealer, home, or work by calling 1-800-556-2811 or visiting

www.AutoVINlive.com

. An inspector will look at the condition of your vehicle and any excess wear and tear. Once complete, you’ll get a condition report outlining all charges on your vehicle.

Before you head back to the dealer, make sure all the original equipment is in your Colorado:

All keys and key fobs

Owner’s manual

Any accessories included in the lease package

Original manufacturer wheels

Once your inspection is done and your car has all its original equipment, call your local GM dealer and set up a date and time to return your vehicle. Upon return, you’ll be given a Vehicle Return Receipt that proves the vehicle was returned. A final invoice will be sent within 60 days after your return if you’re liable for any excess wear-and-tear or mileage charges.

How to purchase a leased Chevrolet Colorado

If you’ve decided you love driving your Colorado too much to return it, no problem! Buying out your lease is easy. Here’s what you need to do:

1. Call your GM dealer to discuss purchase or finance options

2. Call GM Financial at 1-800-436-1463 and ask for a customer payoff quote

More details can be found in Chevrolet’s

Lease-End Guide

MORE:

How a car lease swap works

How to find the best car insurance for a Chevrolet Colorado lease

Getting into a brand new Chevrolet Colorado is exciting, but finding cheap car insurance that keeps your baby protected is even better!

With

Jerry

, you don’t have to worry about paying sky-high insurance rates. Our

trustworthy super app

compares quotes from over 50 top insurance providers to find you the best coverage at the lowest rate. It’s all about making car insurance quick and easy by partnering with the most reliable insurance companies to save you money.

Here’s how you can get started. Download the Jerry app, answer a few questions, and Jerry will send you customized quotes of the most competitive offers. Once you pick the policy that’s right for you, Jerry’s team of experts will take care of getting you switched over.

So, before you head out of the dealership, you can rest assured that your vehicle will be protected. And if that’s not enough, you could save an average of $800+ a year on car insurance. With Jerry, your lease payments won’t be the only source of monthly savings!

“I was looking for a liability insurance plan for my truck until I can afford more coverage.
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made it simple to shop around for the best deal for me. Thank you!” —Jake L.

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