The 1984 Dodge Colt was primarily a hatchback, available in either four or two-door models, and as either E or DL trims. A 4-door Vista Wagon was also sold, for those wanting to use the Colt as a more practical family car with extra storage capacity and passenger room. The 1984 Dodge Colt differed only in name from the Plymouth Colt.

Engine options, all 4-cylinder, were either a 1.4-liter, a 1.6-liter, or a 2.0-liter, 88-hp . Four-speed manual transmission came standard with both engines. New in 1984 was the GTS Turbo, housing a turbo engine with twin shifting (eight forward and two reverse gears). This new option provided much needed zip and energy to the Colt and was preferred by anyone looking for a little more muscle to their hatchback.

Bare bones and sometimes downright ugly inside, most features were optional, including air conditioning, power mirrors, and power windows and locks. The 1984 Colt had great fuel economy, (28.37) however, and as such proved to be an extremely affordable car. Most positive comments focus on the powerful GTS turbo and how fun it was to drive, leaving other cars easily behind off the line. Little rust and corrosion over the years is another bonus, as is the easily-modifiable nature of the 1984 Dodge Colt.