Hi Hackrs,
Location: Fremont, CA (94538, 10.25% tax)
I came across this advertised lease deal and wanted to sanity-check with the community:
2025 Honda Prologue AWD EX
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$159/mo for 24 months
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$2,599 DAS (excludes tax, title, license, dealer fees)
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10k miles/yr
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MSRP: $51,850
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Residual: $26,443.50
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Net cap cost: $28,505.53
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Includes $7,500 EV Lease Credit + $3,500 Honda Loyalty/Conquest
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Expiration: 9/2/2025
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Closed-end lease, available in select states
My questions:
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On paper, this looks insanely cheap for a $52k AWD EV. What’s the catch?
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Are the MF and residual realistic or is this heavily dealer-dependent?
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With $2,599 DAS, what’s the true effective monthly after adding CA tax and typical DMV/doc fees?
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Anything I should watch for in the fine print (e.g., dealer add-ons, loyalty restrictions, missing rebates)?
For context, I do qualify for Honda loyalty (current Odyssey owner). I’m aiming to finalize a car before Monday if this checks out.
Appreciate any insight before I head to the dealer!