Whereas the EV market is experiencing speedy gross sales development, many automobile consumers nonetheless desire hybrids as they profit from lowered gasoline utilization however don’t have to fret a few charging infrastructure nonetheless in improvement. Honda lease consumers on the fence between EV and hybrid can 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 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 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 nasty factor, although early examples of the GM Ultium EV platform automobiles have been recognized to be considerably problematic.
Nonetheless, now that almost all of these kinks have been labored out it the Prologue might be a compelling choice for those who 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 usually very loyal to the model. Somebody coming from an Accord or CR-V Hybrid can be extra inclined to get an EV from Honda. The opposite key issue is that Honda has supplied some tremendous aggressive lease applications 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 very best attainable sticker worth.
Though I sometimes advise shoppers 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 autos, they could be a priceless approach to examine applications between automobiles of the identical model.
Should you view all of Honda’s present lease gives you will 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 value of $312 per 30 days earlier than tax and charges. The following 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 applications and supply a conquest rebate for present homeowners of virtually each non-luxury model.
That eight-dollar distinction is admittedly 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 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 value.
This deal is nice till 1/02/2025 so for these of you celebrating Completely happy 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 effort out of shopping for or leasing a automobile. Obtained a automobile shopping for query? Ship it to [email protected]
