The born-again Honda Prelude will be priced from $65,000 drive-away in Australia, undercutting the Nissan Z and Ford Mustang, with order books opening today ahead of a mid-year arrival.

Pricing for the all-new 2+2-seat hybrid coupe – which will be available in a single model grade, despite rumours of a more potent Type R version – includes any colour choice; Honda remains an outlier in not charging extra for ‘premium’ paint.

The new Prelude’s $65k price tag makes it cheaper than the Nissan Z, which starts at $76,160 before on-road costs, and also the Ford Mustang, with the turbocharged four-cylinder EcoBoost coupe priced from $72,990 before on-roads.

It’s also $14,000 lower than the Honda Civic Type R (with which it shares its front-wheel drive platform, suspension and brake components), which was priced at $79,000 drive-away before 2025 stock allocations of the hot hatch sold out.

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The Prelude nameplate was last sold by Honda Australia in 2001, when it was priced at $50,209 before on-road costs – equivalent to $95,980 in 2025 dollars, according to the Reserve Bank of Australia’s inflation calculator.

Alongside its more traditional rivals, however, the new coupe is more expensive than the Mazda MX-5 RF, the hardtop version of Mazda’s iconic roadster, which is priced between $53,790 and $56,790 before on-road costs.

It’s also significantly dearer than other compact rear-wheel drive coupes like the Toyota GR86, which ranges from $43,940 to $46,090 plus ORCs for the top-spec GR86 GTS, while the Toyota’s Subaru BRZ twin starts from $47,890 plus ORCs.

Honda Australia has also announced capped-price servicing of $199 for each of the first five services.