Whereas the EV market is experiencing speedy gross sales development, many automobile patrons nonetheless choose hybrids as they profit from diminished gas utilization however don’t have to fret a couple of charging infrastructure nonetheless in growth. Honda lease consumers on the fence between EV and hybrid could be clever to check the packages as a way more costly Prologue is considerably cheaper to lease than another 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, may 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 fairly Basic 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 foul factor, although early examples of the GM Ultium EV platform automobiles have been identified to be considerably problematic.
Nevertheless, now that almost all of these kinks have been labored out it the Prologue may very well be a compelling choice when 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 rationale for this success is that Honda patrons 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 attainable sticker worth.
Although I sometimes advise shoppers to view lease specials on automakers’ web sites as “estimates” since they don’t take note of native gross sales tax and regional market circumstances for particular autos, they could be a priceless method to evaluate packages between automobiles of the identical model.
When you view all of Honda’s present lease provides you can find that the 2024 Prologue EX AWD is now provided at $229 monthly with $2,999 due at signing, that is an efficient lease price of $312 monthly 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 monthly earlier than tax and costs. Each leases are for 10,000-mile, 36-month packages and provide 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 nearly a $23,000 sticker worth distinction between the 2 automobiles, but the lease packages are virtually the identical. In fact, 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 scale back the capitalized price.
This deal is nice till 1/02/2025 so for these of you celebrating Joyful Honda Days this vacation season and would usually goal a CR-V Hybrid, you could 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]
