Should You Lease or Buy a Honda Prologue?

A Honda Prologue lease is the ideal way for many drivers to take home a sophisticated, high-performing EV. This all-electric SUV is made in America, so unlike some other makes and models, it’s eligible for a federal tax credit. Come see the friendly pros at Casey Honda to find out if leasing or buying is right for you.

Leasing vs. Buying

Leasing an EV usually means lower upfront and monthly costs than purchasing a new model. At the end of the lease’s life (generally two to three years), you can return the vehicle for a brand-new one and get a new lease. This is the right financing solution for people who always want to drive the latest models. When you buy your EV, you’ll own it outright after you’ve paid off your loan. If you have a growing family and ultimately want to pass the SUV down to your young drivers, making a purchase might be better for you than a Honda Prologue lease.

Federal Tax Credit Eligibility

Both leases and loans may be eligible for the federal EV tax credit, which has recently been as much as $7,500. However, the United States government notes that the EV taxes and regulations are subject to change. So before deciding whether you should lease or buy your EV, talk to one of our Honda dealers to find out the current tax implications. We’ll provide you with the most up-to-date information so you can make the right financial decision.

Get a Honda Prologue Lease or Loan in Newport News, VA

Are you ready to get a Honda Prologue lease or loan offer? Stop by our Honda dealership in Newport News, VA, today. We’ll outline a financing package that will make you as happy as your all-electric SUV!