Honda will lease the Fit EV to approximately 1,100 customers over a two-year period to residents of California, Oregon, New York, New Jersey, Connecticut, Massachusetts, Maryland, and Rhode Island.
By carefully controlling the volumes and the leasing regions, we can assure successful customer EV experiences, while continuing to develop the technology, lower costs and learn about consumer needs and wants. The Fit EV leasing program will provide us with important information as we continue to develop advanced zero-emissions powertrainslike battery electric and fuel-cell electric vehicles.
Leasing is being handled through American Honda Finance Corp. and American Honda in conjunction with local dealers. Collision coverage, maintenance costs and roadside assistance service are also covered by the 3-year $389/month lease for well-qualified lessees. Total due at lease signing $389 plus tax and title[1]. Collision Coverage 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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[1] Subject to limited availability through October 2014 in designated market regions on approved credit through American Honda Finance Corp. Closed end lease for 2013 Honda Fit EV for well-qualified lessees meeting specific use and operation requirements. Not all applicants will qualify. No purchase option at lease end. MSRP $37,415 (includes destination). Excludes tax, title, license, fees, registration, options and insurance. Total monthly payments $14,004.00. Lessee responsible for non-routine maintenance, excessive wear/tear and up to $0.20/mi. over 12,000 mi./yr. Lease includes collision coverage, routine maintenance, roadside assistance and navigation system updates. Total due at lease signing $389 plus tax and title. Please see your authorized Fit EV dealer for complete details.