Colorado Lemon law covers:

The Colorado Lemon Law is specifically designed to protect consumers who purchase or lease new vehicles that turn out to have significant defects or issues that affect their usability and overall market value. When a defect substantially impairs the use, value, or safety of a vehicle, it is considered a valid claim under the Lemon Law. This means that if a vehicle has a major defect that cannot be repaired after a reasonable number of attempts, the consumer may be entitled to a replacement vehicle or a refund.

In this context, defects that substantially impair the market value of a vehicle go beyond minor issues and are pivotal to the consumer's ability to utilize and enjoy the vehicle fully. Therefore, this answer encompasses the core intent and application of the Colorado Lemon Law, ensuring that consumers have recourse for significant defects that compromise their investment. Other options presented, such as minor defects that don't affect use or repairs that cost over a certain dollar amount, do not reflect the comprehensive consumer protections provided by the law.