Honda Reduces the Cost to Take Home a Fit EV

Honda Reduces the Cost to Take Home a Fit EV

- Fit EV monthly lease price reduced from $389 to $259 a month for new and existing lessees - 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


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TORRANCE, Calif., May 30, 2013 /PRNewswire-HISPANIC PR WIRE/ — Honda today
announced an attractive new price package for the highly efficient and
fun-to-drive all-electric

Fit EV
 including the new competitive lease price of $259 a month beginning June 1.
Reduced from $389 a month, 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.

 

(Photo: 


http://photos.prnewswire.com/prnh/20130530/LA22903
)

 

(Logo: 


http://photos.prnewswire.com/prnh/20100923/HONDALOGO
)

 

The
new reduced lease price and unlimited mileage term also will be applied to
existing Fit EV customer leases 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.”

 

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. Further, 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 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.

 


Customers interested in leasing the Fit EV or learning more about the vehicle,
are encouraged to visit




http://automobiles.honda.com/fit-ev/
. Information on the SolarCity
partnership can be found at


http://www.hondasolarcity.com/
.


 


Fit
EV Competitive Lease Comparison

 

 


MSRP


Lease


Term
(months)


Due at
Signing4


Mileage
Limit


Collision
Coverage5


Total Equalized
Lease


Free


Equalized
Monthly Cost



Fit EV



$36,625



$259



36



$259



No



Yes



$9,324



EV Charger Credit,
Routine 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


 


1

Customer 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.


 


2

See chart above.


 


3


132/105/118 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
.


 


4


Amount 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.


 


5

Collision 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
:


Media Newsroom (for journalists)

http://www.hondanews.com

 

For
consumers:


http://www.automobiles.honda.com/fit-ev

 

YouTube:


http://www.youtube.com/honda

Flickr:


http://www.flickr.com/hondanews

Twitter:


http://www.twitter.com/honda

Facebook:


http://www.facebook.com/hondafit

Pinterest:


http://pinterest.com/honda

Instagram:


http://instagram.com/honda

Google+:


https://plus.google.com/+honda

 

SOURCE 
American Honda Motor Co., Inc.

Honda Reduces the Cost to Take Home a Fit EV