Official email from Rivian offering Binding Purchase Agreement

[JerseyGreens]

ah, so carry over of old credit only applies to 2023?

That's how I understand this scenario. For those signing the binding agreement today it will still require delivery in 2023 to get the 7500 credit.

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[JerseyGreens]

Mine is the same

Mine is the same as well.

 

[electruck]

That's how I understand this scenario. For those signing the binding agreement today it will still require delivery in 2023 to get the 7500 credit.

Understanding based on what evidence?

 

[SASSquatch]

Signed and Bidened! I mean binded!



Meanwhile - can we all just take a breath for a moment and realize what has transpired in just a few short days? We had an unlikely piece of legislation that many thought was dead find new life, a grassroots effort from the amazing Rivian Forums peeps to convince RIVIAN to take action to preserve the existing, at risk, $7,500 credit, and finally, binding purchase agreements being issued en masse to try and keep us all whole.

Take a victory lap folks. We all earned it!

 

[electruck]

Take a victory lap folks. We all earned it!

And, err, hopefully we all get what we deserve? Hmm, that sounds kind of dark.... ?

 

[astonius]

Signed and Bidened! I mean binded!



Meanwhile - can we all just take a breath for a moment and realize what has transpired in just a few short days? We had an unlikely piece of legislation that many thought was dead find new life, a grassroots effort from the amazing Rivian Forums peeps to convince RIVIAN to take action to preserve the existing, at risk, $7,500 credit, and finally, binding purchase agreements being issued en masse to try and keep us all whole.

Take a victory lap folks. We all earned it!

While I appreciate Rivian’s effort, I won’t be taking a victory lap until the credit is confirmed. The particulars still seem a bit shaky. Rivian did their part, but now it’s in the hands of Congress and the IRS.

 

[jpal]

Okay, I did it! I made another reservation for an R1S just now (I already have my R1T) in hopes that I can talk my wife into it sometime between now and delivery date. It's worth a $100 lottery ticket (I intend to sign the binding agreement) to maybe save $7,500. If it doesn't work out, I've wasted $100 in much more stupid ways before. ?

We have a 2021 Tahoe now which she loves, so it is going to be a hard sell. The R1S is not as big as a Tahoe (which with 4 kids she is focused on that), but there is probably pretty similar actual storage space once you consider the frunk.

 

[JerseyGreens]

Are there AGI caps on the expiring EV credit or just that we must stay under 80k?

 

[sevengroove]

Are there AGI caps on the expiring EV credit or just that we must stay under 80k?

Negative on both. No income cap, no msrp cap.

 

[888tom888]

No email here. Damn Rivian seems to ghost me, I get jack s—t from them. Gotta go on chat tomorrow. Really beyond frustrating

 

[JerseyGreens]

Negative on both. No income cap, no msrp cap.

Well sh*t I'm putting the wheels i want back on lol before the Pres signs the new bill!

 

[RBR1S]

Signed.

Might I simply point out the stupidest part of the new law that no one is talking about (the entire thing is dumber than the box of rocks that fell out of the senates head but I digress).

Yes yes, we all know the giant pricetags are the issue, we get it. Any Rivian with decent option is going to go over 80k (even half the original pre-price-jacked configs did when you look at options). But that isn't the issue. The real issue is that once again, the Senate is screwing the people who are mostly likely to buy a current EV - who thus are helping all of the startups and push towards EVs - aka anyone who can afford the danged things.... Sorry, you make $150k and you can afford an 80k EV - you are double ineligible.

Because you know, the poor guy in Seattle making $15 an hour at McDonalds can afford an 80k car. Actually, no he can't. Nor can the person making $75k or 100k because payments would still be as much as rent (80k-10% down at 4.5% = over 1400 a month at 60mo).

Idiots. Do they also realize they THEY are probably in ineligible too, they make $174k by default, and likely have a spouse making similar, so even the 300k barrier for couples = gone.

Who elected these people that can't do their own basic math and can't even make the tax laws to benefit themselves, let alone anyone else....


Sorry, rant over. I was waiting for my confirmation email or something (hint hint Rivian).

 

[Forager]

Unlike so many in this forum, I am actually in YOUR boat. The lease on my vehicle is up in the Summer of 2023 so, ideally, I would get my R1T around that time or earlier.

I'm wondering if you make a change to something that was already "free" if it will change anything. So, for example switching to BM from OC shouldn't create a price change.

But if I switch to BM now, then sign the PBA, and then decide I want OC sometime in the next few months - would I now have to pay for OC?

My reading is maybe?

Since I was between basically the currently “free” options and paid options, I switched to the paid ones and will revert to the free later. So Adventure/FG/OC/21” Off Road wheels.

I want next summer because my child will be done with pre-school and that will cover the car payment!

 

[emoore]

That's how I understand this scenario. For those signing the binding agreement today it will still require delivery in 2023 to get the 7500 credit.

I’d like to know where the new bill says that.

 

[JerseyGreens]

I’d like to know where the new bill says that.

I'm assuming this possible workaround isn't going to last into 2024...the feds aren't that stupid!

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