Honda Introduces New Lease Options for Existing and Prospective Fit EV Lessees

  • Two-year Fit EV lease extension offered to existing lessees after lease end
  • New, two-year used Fit EV lease offered to prospective customers1
  • Price reduced to $199 a month after lease end; no down payment and unlimited mileage, routine maintenance and collision coverage included1

Honda is extending the reach of its efficient and fun-to-drive all-electric Fit EV (http://automobiles.honda.com/fit-ev/) through new lease programs for both existing and prospective Fit EV customers. For current, eligible Fit EV customers, Honda is offering a two-year lease extension that includes a lower $199 monthly payment1 (previously $259) and extends the unlimited mileage, routine maintenance and collision coverage1 that were included in the original lease. The reduced lease price and matching two-year terms1 will also be available to new customers interested in driving a used Honda Fit EV once. Honda shared the news to a group of Fit EV drivers at an event hosted at the Honda Smart Home US (http://www.hondasmarthome.com/) in Davis, Calif. on Saturday, March 21.

"Most Fit EV drivers tell us they love their vehicles, and many have requested lease extensions and this extended lease program is intended to meet their needs," said Steve Center, vice president of the Environmental Business Development Office, American Honda Motor Co., Inc.  "We're very confident in how the vehicles are performing, and look forward to offering new and existing customers a chance to experience everything the Fit EV has to offer."

The Honda Fit EV is among the most efficient 5-passenger electric vehicles on the market with a combined adjusted Environmental Protection Agency (EPA) mile-per-gallon-equivalency rating of 118 MPGe2, an EPA-rated driving range of 82 miles2, and a super-efficient energy-consumption rating of 29 kilowatt hours (kWh) per 100 miles. When connected to a 240-volt circuit, the Fit EV battery can be recharged in less than three hours3.

Lessees will be contacted by Honda prior to lease end for additional details about lease extensions. Current Fit EV leases will begin to mature in late July of 2015 on a rolling basis. Fit EV customers also can take advantage of Honda’s partnership with SolarCity (http://www.hondasolarcity.com/) to install solar power with no upfront cost, allowing them to recharge their vehicle with clean, affordable power from the sun.

Honda Environmental Leadership
Based on its vision of "Blue Skies for our Children," Honda is taking a comprehensive approach to reducing the environmental impact of its products, advancing fuel efficiency, low emissions and fun-to-drive performance with new powertrain technologies from its Earth Dreams Technology™ lineup, which includes more fuel-efficient engines and transmissions and advanced electromotive technologies. Honda will offer several next-generation, advanced powertrain vehicles, including a new battery-electric model and plug-in hybrid model by 2018 and plans further application of its two- and three-motor hybrid systems in the years to come. Together, these vehicles will offer significant sales volume, enabling Honda to bring ultra-low carbon transportation to consumers in the U.S.

Honda is also demonstrating its vision for zero-carbon mobility and living with the creation of the Honda Smart Home US, in Davis, California, which was opened in early 2014 and is capable of producing more energy on-site from renewable sources than it consumes annually, including enough energy to power a Honda Fit EV for daily commuting.

1 Subject to limited availability in designated market regions on approved credit through American Honda Finance Corp. Current Fit EV leases will begin to mature on a rolling basis starting in late July of 2015. Closed end lease for used 2013 or 2014 Honda Fit EV for well-qualified lessees. Lessees will not qualify for the reduced $199/month pricing until the end of the current lease. Not all applicants will qualify. No purchase option at lease end. Original MSRP $37,415 (includes destination). Total monthly payments $4,776.00. Excludes tax, title, license, registration, options and insurance. Zero capitalized cost reduction. Lessee responsible for non-routine maintenance, excessive wear/damage. Lease includes collision coverage, routine maintenance, roadside assistance and navigation system updates.

2 132/105/118 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.

3 From low-charge indicator illumination point to full charge.

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