- New three-year lease term requires no down payment and includes unlimited mileage, routine maintenance and collision coverage
- Customers receive 240 volt EV home charging station equipment as part of the lease
BY GERRY MILES
It may not be a free lunch, but any time anyone can save a buck, or say $130 in a new or currently held car lease, it’s a win-win situation. With that in mind, Honda recently cut the price of the all-electriv FIT EV lease from $389 per month to $259, effective today, June 1.
Honda proudly notes the new three-year lease term stretches customer’s electric dollar even further with no down payment, unlimited mileage, routine maintenance, collision coverage and a 240 volt EV home charging station equipment (not including installation),1 from Leviton.
Existing leases also get the reduction, going forward starting in June 2013. With the reduced payment, unlimited mileage, maintenance and collision coverage, this new lease program makes the Fit EV one of the most affordable2 electric vehicles available in the U.S.
“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.”
Further, the Fit EV online application process has been streamlined for quicker approval and delivery. Underscoring Honda’s reduced price, its network of qualified Fit EV Honda dealers in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut will expand from 36 to more than 200 by the end of June.
Recently named one of the Ten Best Green Cars by KBB.com , the 2013 Honda Fit EV is the most efficient 5-passenger electric vehicle on the market with a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe3, an EPA-rated driving range of 82 miles, and a low energy-consumption rating of just 29 kilowatt hours (kWh) per 100 miles.
Fit EV customers also can take advantage of Honda’s partnership with SolarCity to install solar power with no upfront cost, allowing them to recharge their vehicle with clean, affordable power from the sun.
Fit EV Competitive Lease Comparison
1Customer responsible for costs associated with installation of the 240 volt, 32 amp charging hardware, which is provided by Leviton, Honda’s preferred charging station supplier. Equipment remains with the customers after lease term.
2See chart above.
3132/105/118 city/highway/combined miles per gallon of gasoline-equivalent (MPGe) rating; 82 mile combined (city/highway) driving range rating (adjusted). Ratings determined by U.S. EPA. Your MPGe and range will vary depending on driving conditions, how you drive and maintain your vehicle, battery age/condition, and other factors. For additional information about EPA ratings, visit http://www.fueleconomy.gov/feg/label/learn-more-electric-label.shtml.
4Amount due at signing may include down payment, capitalize cost reduction, acquisition fee, security deposit and first month payment. Does not include taxes and title fees.
5Collision Coverage is included with the lease. This means that Honda is taking the risk and responsibility for repairs to the Fit EV, leaving to the lessee only the responsibility to obtain and carry liability insurance for at least the minimum required by the lease. There is no deductible, and Honda will evaluate and approve all repair requests submitted. The lessee will be required to call a toll free number to report all collisions/damage and receive instructions to arrange for repairs.
Connect with Honda:
For consumers: www.automobiles.honda.com/fit-ev