You need to reset the oil light using the reset button on the steering wheel. Press the set up button to access the system check mode. press and release the reset button until the display reads "oil life hold reset new". PRess and hold the reset button for two (2) seconds until "if new oil hold reset" is displayed. Press and hold the reset button until "oil life set to 100" is displayed.
Read owners manual for resetting the oil change light. It doesn't go off by itself once the oil is changed. There will be an oil life reset button either near your display or on the steering wheel.
SOURCE: How do I reset the "Oil Change Warning Indication" on colorado
if you have a owners manual read it. try coloradofans.com website and search the forums. i think johnny5846 is right if you don't have a DIC (driver info center). i believe you use the DIC(tripodometer). i don't know the sequence off hand, you can also you can change your lock settings and alarm settings, etc. with the DIC.
SOURCE: reset the change oil light on 2006 mercury
On the console, where the oil change light is on, scroll through the items until you get to oil life. Once at oil life, hold the reset button and it will say Engine oil new. Press reset again and this should set you oil life back to 100% .
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