Whereas the EV market is experiencing speedy gross sales progress, many automobile consumers nonetheless choose hybrids as they profit from diminished gas utilization however don’t have to fret a few charging infrastructure nonetheless in improvement. Honda lease buyers on the fence between EV and hybrid could be sensible to check the packages as a way more costly Prologue is considerably cheaper to lease than every 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 slightly Basic Motors. Regardless of all of the Honda badging, the Prologue is basically a Chevy Blazer EV, with a unique physique on prime. This isn’t essentially a foul factor, although early examples of the GM Ultium EV platform automobiles have been identified to be considerably problematic.
Nevertheless, now that the majority of these kinks have been labored out it the Prologue may very well be a compelling choice if you happen to 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 rationale 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 packages on the Prologue at present making it probably the most inexpensive lease within the model’s catalog regardless of being the mannequin with the very best potential sticker worth.
Regardless that I sometimes advise customers to view lease specials on automakers’ web sites as “estimates” since they don’t take into consideration native gross sales tax and regional market situations for particular automobiles, they could be a helpful method to evaluate packages between automobiles of the identical model.
Should you view all of Honda’s present lease presents you will see that that the 2024 Prologue EX AWD is now provided at $229 monthly with $2,999 due at signing, that is an efficient lease value of $312 monthly 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 monthly earlier than tax and charges. Each leases are for 10,000-mile, 36-month packages and supply a conquest rebate for present homeowners of just about each non-luxury model.
That eight-dollar distinction is basically 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. After all, the rationale for these low cost funds on the Prologue is the applying 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 Comfortable Honda Days this vacation season and would usually goal a CR-V Hybrid, it’s possible you’ll need 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 automobile. Acquired a automobile shopping for query? Ship it to [email protected]
