Honda Fit EV Lease Price Sliced by One-Third

Honda has slashed the monthly leasing price of its diminutive Fit electric vehicle from $389 to $259. This one-third reduction is offered with a three-year lease that has the additional benefits of having collision coverage, free routine maintenance, a free home charging station, requiring no down payment, and having no mileage limitations.

The move was made so that the Japanese automaker can compete in the strengthening electric vehicle market. Talking about this, Honda spokeswoman Robyn Eagles said in a statement, “Although we feel the Fit EV offers significant product benefits over other electric vehicles, in order to effectively compete in the EV market, we need a more competitive price.”