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USA: Honda Announces $389 a Month Fit EV Lease for California, Oregon

Honda’s Fit EV was not the first mass-market EV to market, having been beaten to the punch by the Nissan Leaf and the Ford Focus Electric. And as has been the case with many other alternative-propulsion vehicles in the last several years, the vehicle’s introduction is targeting key early-adopter markets. In the case of the Fit EV, those markets are California and Oregon, two bastions of progressive politics and activism that have proven to be hot markets for electrics and plug-in hybrids. Leasing starts in these markets on July 20.
Customers in those two West Coast markets interested in getting into the electrified version of Honda’s acclaimed compact should be prepared to fork over $389 a month for a 36-month lease. Although that figure is higher on its face that some other leases on similar models such as the Nissan Leaf and Chevrolet Volt, that figure is a zero-down lease, whereas the Leaf and Mitsubishi i electric require a down payment as part of the lease. On its face, the least-desirable deal is on the Ford Focus Electric, which is $439 a month, and also adds a $2490 down payment, $595 acquisition fee, and $3524 due at signing. Like the deal for the Volt, the Fit EV lease is a closed-end lease, and the car cannot be purchased at the end of the term.


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