Summary
- Honda’s Prologue EV has been a big hit with loyal customers looking to switch to fully electric cars
- The Prologue offers a normal driving experience, despite not having the acceleration or charging speed of some of its competitors
- The 2025 Prologue model gets a power and range boost, but lease prices have significantly increased compared to the 2024 model
- There are more units of the 2025 Prologue available compared to the 2024 model, indicating a potential end to cheaper lease programs
- Consumers interested in leasing an EV should act soon, as lease deals may not last forever due to the uncertain future of tax credits and potential tariffs
Article
Honda’s Prologue EV: A Runaway Hit
The Honda Prologue EV has been a hit among customers looking to shift from hybrids to fully electric vehicles due to its competent and normal-feeling performance. It has outsold its General Motors platform-mates, showcasing the loyalty of Honda customers. The Prologue was also popular due to its affordable lease options, making it an attractive option for many buyers. However, changes are expected for the 2025 model year, so interested buyers may want to act fast.
Enhancements for the 2025 Model Year
For the 2025 model year, the Honda Prologue is set to receive power and range enhancements, aligning it with other Ultimum models in the lineup. While the sticker prices are expected to remain the same, there may be changes in the lease programs that could impact the affordability of the vehicle. Compared to the 2024 Prologue lease rates, the 2025 model may see a substantial increase in monthly payments and upfront costs. This could make it a harder sell initially for some customers.
Lease Program Changes
A comparison of the 2024 and 2025 Prologue lease programs reveals a significant jump in payment amounts. The 2025 Prologue EX AWD model, for example, has an advertised rate of $599 per month with $4,299 due at signing, resulting in an effective lease cost of $25,863 for a 36-month term. This is a notable increase from the 2024 model’s lease program, which had a lower monthly rate and upfront cost. While the sticker price remains the same, the lease programs for the 2025 model are twice the cost compared to the previous year.
Market Availability and Pricing Trends
Currently, there are around 2,850 units of the 2024 Prologue still available, compared to approximately 4,880 units of the 2025 model. The increase in lease program costs for the 2025 Prologue may indicate a shift in the trend of cheap EV lease programs. While other brands like Hyundai, Kia, GM, and Volkswagen still offer low payments for 2025 models, these deals may not last forever. With uncertainties surrounding EV tax credits and potential tariff impacts on transaction prices, consumers considering an EV lease may want to make a decision sooner rather than later.
Considerations for EV Buyers
As the landscape of EV leases evolves and lease programs change, it is crucial for consumers to shop around and compare offerings from various brands. With the potential end of super cheap EV lease deals on the horizon, it is essential for interested buyers to explore their options and make informed decisions. Tom McParland, a contributing writer for InsideEVs, offers expertise in navigating the car buying or leasing process and provides valuable insights for consumers. For any car buying inquiries, readers can contact Tom at Tom@AutomatchConsulting.com.
Conclusion
In conclusion, Honda’s Prologue EV has been a popular choice among consumers, offering a blend of performance, affordability, and loyalty to the brand. With enhancements planned for the 2025 model year, changes in lease programs may impact the accessibility of the vehicle for potential buyers. As the landscape of EV leasing evolves and other brands offer competitive deals, consumers must stay informed and act promptly to secure the best possible lease terms. With expert guidance from professionals like Tom McParland, consumers can navigate the complex world of EV leasing and make informed decisions that align with their needs and preferences.
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