Honda undercuts Tesla Model Y after slashing Prologue EV lease prices to $399mo

Honda has slashed lease prices for its Prologue EV to just $399 per month, making it cheaper than Tesla’s Model Y.

This new pricing strategy aims to position the Prologue as a competitive option in the electric SUV market.

The 2024 Honda Prologue boasts up to 296 miles of range, powered by General Motors’ Ultium platform.

It features multi-link front and rear suspensions for a sporty drive,

and includes Honda Sensing safety tech, Google built-in, Apple CarPlay, and Android Auto compatibility.

Tesla’s Model Y starts at $44,990, dropping to $37,490 with the federal tax credit.

It offers up to 320 miles of range.

However, Honda’s new lease pricing makes the Prologue more affordable on a monthly basis, enhancing its appeal.

Honda introduced a $2,000 lease incentive across 15 states, reducing the effective lease rate to $510 per month.

With a $1,000 loyalty bonus, lease prices can drop to $369 per month,

making it an attractive option for budget-conscious consumers.

With competitive pricing and robust features, the Honda Prologue EV is a strong contender in the electric SUV market.

If you’re considering a new EV, now might be the perfect time to explore the Prologue.