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Old 05 Jun 2013, 03:04 am
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Default Honda Fit EV lease drops to $259 with no down payment, unlimited miles

From AB

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

TORRANCE, Calif., May 30, 2013 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.

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

Recently named one of the Ten Best Green Cars by , 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
Information on the SolarCity partnership can be found at

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
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.

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