Honda Fit EV monthly lease price reduced from $389 to $259 a month

Article by Christian A., on May 30, 2013

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.

Honda introduces the new gasoline-powered Honda Fit and Fit Sport – two electric vehicles (EV) that share the same fundamental structure and engineering features, yet each possesses individual characteristics in terms of aerodynamic upgrades and styling cues. To maximize stiffness without having to gain extra pounds, their unit-body uses 56 percent high-strength steel.

The Fit comes with a spacious interior, thanks to its 162.0-inch overall length. It has a lower wheelbase at 98.4-inches which basically pushes its wheels out, towards the edges of the body. These remarkably affect the car’s ride quality and handling agility – in a good way. Contributing to its cornering stability and added “interior roominess” are its 58.5-inch front and 57.6-inch rear track.

Honda Fit EV comes with a redesigned front end, grille area and lower fascia for improved efficiency and aerodynamics. Behind the front and rear wheels and along the body sides are aggressive air-control shaped rocker panels. It also features a redesigned rear spoiler and lower fascia that contribute to reduce aerodynamic drag.

What enables the Honda Fit EV to offer a smooth ride, nimble handling and a “connected-to-the-road” feels is its rigid steel unit body which allows precise handling and body control. Other upgrades include an optimized MacPherson strut front suspension and a rear multi-link system instead of an H-shaped torsion beam rear suspension. To increase interior space, the Li-Ion battery pack is packed beneath the floor of the Honda Fit EV.

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