BofA has never heard of the Rivian R1T?

[Careychastain]

Has anyone financed through BofA for their R1T? Ran into a road block as BofA doesn't have Rivian in their system?
have

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[R1Sky Business]

Probably not a good sign.

 

[CommodoreAmiga]

They're doing you a favor. Why would you want to use BoA?

 

[Gator42]

My insurer doesn’t recognize them, either…

 

[NY_Rob]

Not surprising, Rivian has built <4,000 vehicles since start of production in 2021... a drop in the bucket.


Worse than that.... I went to an Auto Parts store (Auto Zone) last week looking for a valve lapping tool... the guy behind the counter said he's never heard of that tool
I feel sorry for this country....

 

[GangWarily]

I was going to get a loan from them when I bought my Model 3 and as soon as they heard it was a Tesla, they changed the loan quote because "reasons". I ended up just going through with Tesla financing.

 

[ADVNOW]

My insurance company didn't have them in the system either. they do now and rate is half that of Nation wide.

Can't stand BofA they screwed me on my mortgage because of a clerk error and tried doing a foreclosure. until my attorney contacted them with all the documented proof and they still had the balls to impose fees for their mistake. Run away from BofA as fast as you can. they truly only care about your money in their pocket.

 

[GIJoe]

Has anyone financed through BofA for their R1T? Ran into a road block as BofA doesn't have Rivian in their system?
have

Actually I spoke with BOA 2 weeks ago and the initial CS agent had not heard of Rivian. She however had just heard of Lucid earlier that week. She did reach out in real time to her "manager" who then informed her about Rivian. So they do know about the company. They did say they would finance the vehicle though Rivian would not hold "preferred" status.

In short yes they do, just need to find the right person in the company unfortunately.

 

[ADVNOW]

Not surprising, Rivian has built <4,000 vehicles since start of production in 2021... a drop in the bucket.


Worse than that.... I went to an Auto Parts store (Auto Zone) last week looking for a valve lapping tool... the guy behind the counter said he's never heard of that tool
I feel sorry for this country....

should have also asked for blinker fluid, its been in short supply ever since the start of the pandemic. Don't want to run out of this stuff.

 

[CharonPDX]

Dammit, this newfangled stuff only lasts 6000 blinks? Back in my day, they made better stuff that lasted at least 10,000 blinks; and didn't call it "Max Strength". Sheesh.

 

[C.R. Rivian]

State Farm, after 3 years, can't get the model right on my Kia Niro EV. There is an ICE version, a plug-in hybrid version, and the BEV version. I've gotten two out of 3 on my insurance cards, but never the right one. At least they don't have that problem on the R1T...and rates seem competitive.

 

[ATL_Canes]

I used BoA and didn’t have any issues. The rep on the phone knew all about Rivian as well. The process was actually pretty smooth to be honest, and their rates were WAY lower than Chase (low 2s vs. 4s). Luck of the draw I guess.

 

[Jagger027]

Reached out to DCU since they didn't have "Rivian" as a make either, waiting for there response

 

[Careychastain]

Actually I spoke with BOA 2 weeks ago and the initial CS agent had not heard of Rivian. She however had just heard of Lucid earlier that week. She did reach out in real time to her "manager" who then informed her about Rivian. So they do know about the company. They did say they would finance the vehicle though Rivian would not hold "preferred" status.

In short yes they do, just need to find the right person in the company unfortunately.

Thank you GI Joe for your experience.

 

[ARMadventures]

Just received an insurance quote (using “dummy VIN”) from State Farm, and they had no problems with the vehicle. The rate was great too!

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