Whereas the EV market is experiencing speedy gross sales progress, many automobile patrons nonetheless want hybrids as they profit from decreased gas 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 clever 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 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 moderately Common Motors. Regardless of all of the Honda badging, the Prologue is actually 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 recognized to be considerably problematic.
Nevertheless, now that almost all of these kinks have been labored out it the Prologue might be a compelling possibility 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 the moment making it probably the most reasonably priced lease within the model’s catalog regardless of being the mannequin with the best doable sticker worth.
Though I sometimes advise customers to view lease specials on automakers’ web sites as “estimates” since they don’t have in mind native gross sales tax and regional market situations for particular automobiles, they could be a priceless approach to examine packages between vehicles of the identical model.
Should you view all of Honda’s present lease gives you’ll 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 subsequent most cost-effective 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 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 worth distinction between the 2 vehicles, but the lease packages are virtually the identical. In fact, the rationale 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 scale back the capitalized value.
This deal is sweet 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 vehicles nonetheless qualify for the tax credit.
Tom McParland is a contributing author for Jalopnik and runs AutomatchConsulting.com. He takes the effort out of shopping for or leasing a automobile. Bought a automobile shopping for query? Ship it to [email protected]