The fifth generation of the Honda Prelude saw enhancements over the fourth generation, including new body styling and handling characteristics. In 2001 the Prelude was discontinued.
The fifth-generation retained an FF layout with an independent front suspension. The vehicle utilized a 63/37 weight distribution. All fifth-generation Honda Preludes came with 16 inch aluminum alloy wheels with all-season 205/50 R16 87V tires, except the Xi (14 inch steel wheels with full covers and 195/65 R14 89H tires) and Si (15 inch aluminum alloy wheels with all-season 195/60 R15 88H tires.) on which aluminum alloy rims came as a dealer option. Unlike the USDM Preludes, JDM Preludes came with rear windshield wipers (except the Xi).