Honda will slash lease prices for its Fit EV starting in June after other automakers dropped prices on their electric vehicles.
The brand currently offers a zero-down $389-per-month lease, but that price will drop next month to $259, also with zero due at signing. Current lease holders will also enjoy the price drop starting next month.
Honda’s deal could be very attractive. It boasts an unlimited milage allowance, collision insurance, maintenance and a 240-volt charger although installation isn’t included.
While the electric car market is currently concentrated mostly in California, Honda is expanding its network of dealers certified to sell the Fit EV in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut. The expansion will be complete by the end of June and will see the number of dealers able to offer the small EV rise from 36 to over 200.
Nissan recently lowered the price to lease a Leaf to $199 per month with a $1,999 downpayment. The company also announced a price drop for the 2013 model year during the Detroit Auto Show this year.
That announcement also prompted Chevrolet to lower the price of its next generation Volt by $10,000.
[Source: Automotive News]