Now could be the excellent time to choose up the keys to a 2024 Dodge Hornet R/T PHEV as the brand is supplying a extremely competitive lease deal for the compelling new SUV.

If bought outright, shoppers will require to cough up $40,935, excluding location costs, for the Hornet R/T PHEV, which means it is much more than $ten,000 pricier than the entry-level Hornet GT. Fortunately, Chrysler Capital is creating the most of a loophole in the Inflation Reduction Act that enables makers of foreign-constructed electric cars to claim a industrial tax credit on leases, even although the tax credit was initially created exclusively for cars assembled in North America.

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Cars Direct notes that the lease has permitted Chrysler Capital to provide a $six,000 incentive on the R/T and a generous $six,750 discount on the R/T Plus. This reduces the price tag distinction amongst the plug-in hybrid Hornet and the gas-powered one particular to just $four,200, which means it is surely the ideal deal of the two.

The Hornet R/T PHEV is driven by a 1.three-liter turbocharged 4-cylinder supplemented by an electric motor with 121 hp. The pairing of this engine with the electric motor benefits in a combined 285 hp and 383 lb-ft (519 Nm) of torque, impressive figures for a compact SUV. The R/T also utilizes a 15.five kWh lithium-ion battery pack and a starter generator to provide torque to the engine which Dodge says improves the vehicle’s dynamics. The starter generator also aids to recharge the battery and on electric energy alone, the R/T can travel up to 30 miles (48 km).

Coupled with the 1.three-liter 4-cylinder is a six-speed automatic transmission sending energy by way of all 4 wheels.