Whereas the EV market is experiencing fast gross sales development, many automotive consumers nonetheless choose hybrids as they profit from lowered gasoline utilization however don’t have to fret a couple of charging infrastructure nonetheless in improvement. Honda lease customers on the fence between EV and hybrid can be smart to match the packages as a way more costly Prologue is considerably cheaper to lease than some other Honda mannequin.
The Prologue, with a beginning worth of $48,795 for the 2WD EX mannequin, $51,795 for an AWD EX mannequin, and simply shy of 300 miles of vary, would possibly come off as a little bit of a conundrum to your typical Honda buyer. It’s the automaker’s first actual mass-market EV, however Honda didn’t actually make this five-passenger EV crossover, however moderately Common Motors. Regardless of all of the Honda badging, the Prologue is actually a Chevy Blazer EV, with a special physique on high. This isn’t essentially a nasty factor, although early examples of the GM Ultium EV platform automobiles had been identified to be considerably problematic.
Nevertheless, now that almost all of these kinks have been labored out it the Prologue might be a compelling choice in the event you favor leasing over shopping for. Honda’s gamble has paid off in outsourcing its EV to GM after which restyling as the Prologue is now the best-selling EV crossover, outpacing its Blazer platform mate.
A part of the explanation for this success is that Honda consumers are typically very loyal to the model. Somebody coming from an Accord or CR-V Hybrid can be extra inclined to get an EV from Honda. The opposite key issue is that Honda has provided some tremendous aggressive lease packages on the Prologue at the moment making it essentially the most inexpensive lease within the model’s catalog regardless of being the mannequin with the best attainable sticker worth.
Despite the fact that I usually advise shoppers to view lease specials on automakers’ web sites as “estimates” since they don’t keep in mind native gross sales tax and regional market situations for particular automobiles, they could be a worthwhile technique to evaluate packages between automobiles of the identical model.
In case you view all of Honda’s present lease presents you will discover that the 2024 Prologue EX AWD is now provided at $229 per 30 days with $2,999 due at signing, that is an efficient lease value of $312 per 30 days earlier than tax and charges. The following least expensive lease is the 2024 Accord LX at $229 with $3299 down, or an efficient lease value of $320 per 30 days earlier than tax and charges. Each leases are for 10,000-mile, 36-month packages and supply a conquest rebate for present house owners of just about each non-luxury model.
That eight-dollar distinction is de facto stark when you think about that the Prologue EX AWD has an MSRP of $51,795 versus the Accord LX at $28,990. That’s virtually a $23,000 sticker worth distinction between the 2 automobiles, but the lease packages are virtually the identical. In fact, the explanation for these low cost funds on the Prologue is the appliance of the $7500 federal tax credit score along with some Honda lease money rebates that cut back the capitalized value.
This deal is sweet till 1/02/2025 so for these of you celebrating Pleased Honda Days this vacation season and would usually goal a CR-V Hybrid, you could wish to take the leap to the EV whereas these automobiles nonetheless qualify for the tax credit.
Tom McParland is a contributing author for Jalopnik and runs AutomatchConsulting.com. He takes the trouble out of shopping for or leasing a automotive. Acquired a automotive shopping for query? Ship it to [email protected]
