Whereas the EV market is experiencing fast gross sales development, many automotive consumers nonetheless desire hybrids as they profit from decreased gasoline utilization however don’t have to fret a couple of charging infrastructure nonetheless in improvement. Honda lease buyers on the fence between EV and hybrid could be sensible to match the applications as a way more costly Prologue is considerably cheaper to lease than every other Honda mannequin.
The Prologue, with a beginning value 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 slightly Normal Motors. Regardless of all of the Honda badging, the Prologue is actually a Chevy Blazer EV, with a distinct physique on prime. This isn’t essentially a foul factor, although early examples of the GM Ultium EV platform automobiles have been recognized to be considerably problematic.
Nonetheless, now that the majority of these kinks have been labored out it the Prologue might be a compelling possibility in case 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 could be extra inclined to get an EV from Honda. The opposite key issue is that Honda has provided some tremendous aggressive lease applications on the Prologue presently making it essentially the most reasonably priced lease within the model’s catalog regardless of being the mannequin with the very best doable sticker value.
Though I usually advise customers 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 helpful option to examine applications between automobiles of the identical model.
If you happen to view all of Honda’s present lease affords you’ll discover that the 2024 Prologue EX AWD is now provided at $229 per thirty days with $2,999 due at signing, that is an efficient lease price of $312 per thirty days earlier than tax and costs. The subsequent most cost-effective lease is the 2024 Accord LX at $229 with $3299 down, or an efficient lease price of $320 per thirty days earlier than tax and costs. Each leases are for 10,000-mile, 36-month applications and supply a conquest rebate for present house owners of just about each non-luxury model.
That eight-dollar distinction is absolutely 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 nearly a $23,000 sticker value distinction between the 2 automobiles, but the lease applications are virtually the identical. After all, 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 price.
This deal is nice till 1/02/2025 so for these of you celebrating Pleased Honda Days this vacation season and would usually goal a CR-V Hybrid, it’s possible you’ll 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. Obtained a automotive shopping for query? Ship it to [email protected]
