The other Honda Prelude one should consider is the fourth-generation model, which was sold for the 1992-'96 model years. A complete overhaul of the previous model, this Honda Prelude was slightly shorter, much wider and a far better-handling car. The S trim featured a 135-hp 2.2-liter SOHC four-cylinder. The Si had a 160-hp 2.3-liter DOHC four-cylinder with a healthy 156 pound-feet of torque. From 1993 on, the fourth-generation Honda Prelude could also be had in range-topping Si VTEC trim, which brought a 2.2-liter 190-hp DOHC four equipped with Honda's electronic variable valve timing (VTEC) system. A four-wheel-steering system was available in 1992-'93, though only on the Si model.

In general, the fourth-generation Honda Prelude earned favorable commentary in reviews at the time. It offered excellent handling, and nearly all who drove it liked the power of the VTEC-equipped engine. Criticisms were mostly directed at the car's odd interior design. A sweeping blacked-out instrument cluster extended across the entire dash, and few found the mix of analog and digital gauges appealing.