Electric Car Price War: Honda Slashes Lease for Fit EV

by Adam Benjamin | May 30, 2013 10:34 am

Electric Car Price War: Honda Slashes Lease for Fit EV

Sustainability just became more affordable.

Automotive News reports[1] that Honda (HMC) is lowering the lease price for its Fit EV, in response to similar price cuts from competitors. The Fit EV will drop $130 per month — from $389 to $259 with no down payment. In comparison, Nissan has steadily lowered the lease rate[2] for the Nissan Leaf from $349 to its current price of $199 with a $1,999 down payment.

Honda is planning to expand the number of Fit EV dealers to 200 showrooms — more than five times the current number — by the end of June.

Adam Benjamin is an Assistant Editor of InvestorPlace. As of this writing, he did not hold a position in any of the aforementioned securities.

 

Endnotes:
  1. Automotive News reports: http://www.autonews.com/apps/pbcs.dll/article?AID=/20130530/RETAIL/130529886/honda-slashes-fit-ev-lease-price-to-259-month#axzz2UmYyGwpU
  2. steadily lowered the lease rate: http://green.autoblog.com/2012/10/03/nissan-drops-leaf-lease-rates-to-just-219-a-month/

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