Tonight I got a wonderful email from Honda announcing that the Fit EV lease price has been reduced to $259/mo. I knew this was coming. Honda’s $389 lease couldn’t compete with the Nissan Leaf, Ford Focus Electric, Fiat 500e, and Chevy Spark EV all around $199/mo, even with its included collision insurance, roadside assistance, and maintenance. What I didn’t expect was for Honda to reduce the lease price for those of us who already agreed to pay $389/mo. Perhaps Honda didn’t want us to feel that we had suffered for being early adopters. Whatever their reasoning, I’m sure glad they did it. They are saving me over $3500 over the remainder of my lease! Thanks Honda!!
Additionally, Honda has officially removed the mileage cap on the Fit EV lease. When I leased the car I heard from a number of Honda reps that they weren’t going to charge us for going over 12,000 miles per year, but the cap was written in the lease. This is great news for people who were having trouble staying under the 12,000 mi/year limit.
Honda goes on to try to sell you solar through a partnership with Solar City. I understand that EVs and photovoltaic solar (EV/PV) go perfectly together, and I urge everyone (whether you drive an EV or not) to get solar. However, I am getting a little tired of getting these borderline advertisements for Solar City from Honda.
For new Honda Fit EV lessees in California, the $259/mo lease minus the $2,500 CVRP brings the net monthly payment down to $190 month plus tax. Keep in mind that most of the other automakers’ $199/mo leases don’t qualify for the CVRP rebate. This is a great deal when you factor in comprehensive and collision insurance, maintenance, and roadside assistance included with the Fit EV lease. I hope (and I’m sure Honda is hoping too) that this is enough to bring the Fit EV out of its current position of “worst selling car in America”.
Full email text:
Tomorrow, Honda will announce that we are reducing the lease price of the Honda Fit EV from $389 to $259 per month for new customers starting June 1. We will also announce the elimination of the mileage cap of 12,000 miles per year, allowing customers to drive unlimited miles during the term of the lease.
As we appreciate your business and want to reward your leadership as an early adopter of Fit EV technology, I wanted to let you know that we intend to offer our current Honda Fit EV customers a similar reduction in your lease plan as well as the elimination of the mileage cap.
Beginning in June, subject to your agreement, your monthly Honda Fit EV lease payment will be reduced from $389 per month to $259 per month (plus tax) for the remainder of your lease. You will soon receive a follow up communication which will provide details regarding the specifics of this payment reduction. Should you have any questions regarding these lease enhancements, please contact email@example.com.
I hope you are enjoying your Fit EV, recently named one of the Ten Best Green Cars of 2013 by KBB.com. To further enhance your experience, I encourage you to take advantage of Honda’s partnership with SolarCity to install solar power at your home with no upfront cost. This will allow you to charge your Fit EV with clean, affordable power from the sun. To find out more, please visit www.hondasolarcity.com or call 855-775-SOLAR (7652).