Whereas the EV market is experiencing fast gross sales progress, many automotive patrons nonetheless want hybrids as they profit from diminished gasoline utilization however don’t have to fret a couple of charging infrastructure nonetheless in growth. Honda lease buyers on the fence between EV and hybrid could be smart to match the packages 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, 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 quite Basic Motors. Regardless of all of the Honda badging, the Prologue is basically a Chevy Blazer EV, with a distinct physique on high. This isn’t essentially a foul factor, although early examples of the GM Ultium EV platform vehicles have 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 possibility 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 explanation for this success is that Honda patrons are usually 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 supplied 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 value.
Although 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 strategy to examine packages between vehicles of the identical model.
Should you view all of Honda’s present lease provides you’ll discover that the 2024 Prologue EX AWD is now supplied at $229 per 30 days with $2,999 due at signing, that is an efficient lease price of $312 per 30 days earlier than tax and charges. The subsequent least expensive lease is the 2024 Accord LX at $229 with $3299 down, or an efficient lease price 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 homeowners of virtually 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 value distinction between the 2 vehicles, but the lease packages are virtually the identical. In fact, the explanation 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 price.
This deal is nice till 1/02/2025 so for these of you celebrating Comfortable Honda Days this vacation season and would usually goal a CR-V Hybrid, chances are you’ll wish to take the leap to the EV whereas these vehicles 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]
