Honda Slashes Fit EV's Monthly Lease Price by a Third, Down to $259

The battery-powered Honda Fit EV has just become more affordable for American consumers as the Japanese carmaker has reduced the monthly lease price by more than 30 percent, from $389 to $259 a month for new as well as existing lessees beginning from June 1.

Honda’s new three-year lease offer comes with no down payment and includes unlimited mileage, routine maintenance, collision coverage and a 240 volt EV home charging station equipment –albeit excluding installation- from Leviton.

“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. “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.”

The drop in (lease) pricing coincides with the introduction of a more streamlined Fit EV online application process, which Honda says will allow for “quicker approval and delivery of the vehicle to the customer”. Furthermore, Honda announced that its network of qualified Fit EV 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 this June.

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