Whereas the EV market is experiencing speedy gross sales development, many automotive patrons nonetheless want hybrids as they profit from lowered 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 can be sensible to match the packages as a way more costly Prologue is considerably cheaper to lease than some 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 quite Basic Motors. Regardless of all of the Honda badging, the Prologue is actually a Chevy Blazer EV, with a unique physique on prime. This isn’t essentially a nasty 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 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 rationale for this success is that Honda patrons are typically 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 provided some tremendous aggressive lease packages on the Prologue at the moment making it essentially the most reasonably priced lease within the model’s catalog regardless of being the mannequin with the best doable sticker worth.
Although I sometimes advise customers to view lease specials on automakers’ web sites as “estimates” since they don’t bear in mind native gross sales tax and regional market situations for particular automobiles, they could be a precious approach to examine packages between vehicles of the identical model.
In the event you view all of Honda’s present lease affords you can find that the 2024 Prologue EX AWD is now provided at $229 per thirty days with $2,999 due at signing, that is an efficient lease price of $312 per thirty days earlier than tax and costs. The following least expensive lease is the 2024 Accord LX at $229 with $3299 down, or an efficient lease price of $320 per thirty days earlier than tax and costs. Each leases are for 10,000-mile, 36-month packages and provide 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 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 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 Completely satisfied Honda Days this vacation season and would usually goal a CR-V Hybrid, you might 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 trouble out of shopping for or leasing a automotive. Acquired a automotive shopping for query? Ship it to [email protected]
