The Fit EV is now cheaper to drive.

Not to be outdone by Nissan's cheaper Leaf model, Honda has announced a new, less expensive lease deal for its battery-powered Fit EV.

Unlike the Leaf, the Fit EV is only available for lease, but Honda is making it a little easier to park the battery-electric in your driveway (given that you live in one of the limited markets that the car is offered in). Honda announced on Thursday that beginning June 1 the Fit EV will be available for lease for $259 per month, representing a significant savings over the car's original $389 per month lease price.

The Fit EV's new lease deal is for three years and doesn't require a down payment. The lease is for unlimited mileage and includes free maintenance and collision insurance.

To sweeten the deal even further, Honda is throwing in a free 240 volt home charger with every Fit EV lease. However, the customer must cover the costs of installation.

"The Fit EV already is a benchmark electric vehicle with a leading-range rating, fun-to-drive dynamics and excellent packaging," said Steve Center, vice president of Environmental Business Development at American Honda Motor Co., Inc. "Now it's the only EV on the market with no down payment, unlimited mileage, collision coverage and a free home charging station, giving customers an unprecedented value that only Honda can provide and a compelling reason to get off the barrel and onto the grid."

The Fit EV, which is rated at 118 MPGe and has an estimated range of 82 miles, is currently offered in California, Oregon, New York, New Jersey, Massachusetts, Maryland, Rhode Island and Connecticut.