Performance
Regarding horsepower, the Chevrolet Colorado packs quite a wallop and will knock the Toyota Tacoma down a few rungs. On the flip side, keep in mind that high horsepower engines often command higher insurance premiums.
Handling
With their comparable turning radiuses, the Toyota Tacoma and the Chevrolet Colorado most certainly handle roughly the same into and out of tight spots.
Drivetrain
The Tacoma's engine is slightly smaller than the Chevrolet Colorado's, but not terribly so.
Utility
The Toyota Tacoma will quite certainly prove friendlier than the Chevrolet Colorado for those of you with frequent child-cargo.
There's no clear winner between the Toyota Tacoma and the Chevrolet Colorado in terms of hauling capacity.
The Tacoma outpulls the Chevrolet Colorado by a sizeable margin.
Convenience
You quite certainly won't have to visit your friendly gas station more often with the Chevrolet than with the Toyota Tacoma, as both offer comparable mileage ranges.
Comfort
While the front cabin in the Toyota offers a bit more head room than the Chevrolet, there frankly isn't much of a difference.
The ampler interior dimensions of the Toyota Tacoma make it significantly more spacious for your passengers than the Chevrolet.
Dimensions
The Chevrolet Colorado's tank is about the same size as the Toyota's, though the Tacoma's is somewhat larger.
The Toyota Tacoma and the Chevrolet Colorado compete for the same parking spaces.
Cost
The destination charge is a standard charge for transporting the vehicle from its point of origin to the dealer. It costs roughly the same to get the Chevrolet Colorado to the dealership as the Toyota Tacoma.
As far as gas mileage, the Chevrolet Colorado and the Tacoma don't differ much.
The Toyota Tacoma isn't much pricier than the Chevrolet Colorado with respect to MSRP.
Overview
The Chevrolet Colorado and the Toyota Tacoma have the same basic warranty.