Honda Reduces Fit EV Lease Price

For Immediate Release

Honda Reduces Fit EV Lease Price

  • Honda reduces Fit EV monthly lease price from $389 to $259 a month for new and current lessees
  • The three year lease requires no down payment; includes unlimited mileage, routine maintenance and collision coverage
  • Customers receive a free Leviton 240 volt EV home charging station
     TORRANCE, Calif., May 30, 2013 – Honda is now offering the highly efficient and fun-to -drive all-electric Fit EV at the new competitive lease price of $259 a month beginning June 1. Reduced from $389 a month, the new three year lease stretches customer’s electric dollar even further with no down payment, unlimited mileage, routine maintenance, collision coverage and a free 240 volt Leviton EV home charging station1, Honda’s preferred charging station supplier, all included. The new reduced lease price and unlimited mileage term will also be applied to existing Fit EV customer leases going forward starting in July 2013. With the reduced payment, unlimited mileage, maintenance and collision coverage, this new lease program effectively makes the Fit EV one of the most affordable2 electric vehicles available in the U.S.      “The Fit EV is already a benchmark electric vehicle with class-leading range, 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 Leviton EV home charging station, giving customers even more reasons to get off the barrel and onto the grid.”      In addition to the new lease price, the Fit EV online application process is further streamlined to allow for quicker approval and delivery of the vehicle to the customer. Additionally, the 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 may also 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.      Customers interested in leasing the Fit EV or learning more about the vehicle, are encouraged to visit http://automobiles.honda.com/fit-ev/. To learn more about Leviton charging stations, please visit www.leviton.com/honda Information on the SolarCity partnership can be found at http://www.hondasolarcity.com/.

Fit EV Competitive Lease Comparison2

MSRP Lease Term (months) Due at Signing4 Mileage Limit Collision Converage5 Total Equalized Lease Extra Equalized Monthly Cost
Fit EV $36,625 $259 36 $259 No Yes $9,324 EV Charger Credit, Maintenance $259
Nissan Leaf $28,800 $199 36 $1,999 12K No $10,759 NA $327
Ford Focus e $39,995 $284 36 $929 10.5K No $12,069 NA $363
Fiat 500 e $31,800 $199 36 $999 12K No $9,164 Rental Car Credits $255
Chevy Spark EV $27,495 $199 36 $999 12K No $9,363 NA $288

1Customer responsible for costs associated with installation of the charging hardware
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.

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