Colour Laser Printers that are affordable for home use, will not come close to the quality of a decent Inkjet Printer, for printing photographs for example (if this is what you had in mind).
They produce results that at best could be described as saturated colour, similar I suppose to early Technicolor films.
If you simply want one for leaflets and that type of thing, then it may well be suitable.
The other aspect that you need to be aware of, is the cost of replacement toner cartridges. You could buy several good quality inkjet printers and still have some change in your pocket, compared to a set of cartridges.
As you admit to knowing little about colour laser printers, I would respectfully suggest you do some research before committing yourself.