As other carmakers are dropping prices offers for their electric vehicles, Honda decided to adopt the same strategy and slash the lease deal for the Fit EV starting June. Currently, the Honda Fit EV is available for $389/month and Honda plans to lower the price to 259/month. Despite the price drop, the offer still includes collision insurance, scheduled maintenance, unlimited mileage and a 240-volt Leviton charger.
So, if you want a Fit EV, the only out-of-pocket cost is when starting the lease and you have to pay the first month's lease payment, license and registration fees. "There never been an upfront [capitalized cost] payment, and there will never be," said spokeswoman Robyn Eagles.
Moreover, Honda will also expand the network of certified Fit EV dealers in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut. Honda will have more than 200 showrooms from 36.
"The Fit EV already is a benchmark electric vehicle with a leading-range rating, fun-to-drive dynamics and excellent packaging," said Steve Center, vice president of Environmental Business Development at American Honda Motor Co., Inc. "Now it's the only EV on the market with no down payment, unlimited mileage, collision coverage and a free home charging station, giving customers an unprecedented value that only Honda can provide and a compelling reason to get off the barrel and onto the grid."
For those who don’t know, Nissan also reduced the entry price of the Leaf EV when it introduced an entry-level model. The Nissan Leaf lease price is $199/month and a $1,999 down payment.