Whereas the EV market is experiencing fast gross sales development, many automobile patrons nonetheless desire hybrids as they profit from diminished 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 smart to match the packages as a way more costly Prologue is considerably cheaper to lease than another 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 relatively Normal Motors. Regardless of all of the Honda badging, the Prologue is basically a Chevy Blazer EV, with a special physique on prime. This isn’t essentially a nasty factor, although early examples of the GM Ultium EV platform automobiles had been identified to be considerably problematic.
Nevertheless, now that the majority of these kinks have been labored out it the Prologue could possibly be a compelling choice in case 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 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 provided some tremendous aggressive lease packages on the Prologue presently making it probably the most reasonably priced lease within the model’s catalog regardless of being the mannequin with the best doable sticker value.
Despite the fact that 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 autos, they could be a invaluable option to examine packages between automobiles of the identical model.
When you view all of Honda’s present lease presents you will see 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 subsequent 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 provide a conquest rebate for present house owners 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 nearly a $23,000 sticker value distinction between the 2 automobiles, but the lease packages are virtually the identical. In fact, 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 scale 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 wish 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. Bought a automobile shopping for query? Ship it to [email protected]
