Rivian R1T Leasing Now Available

[jjswan33]

https://rivian.com/configurations/r1t

Edit: Corrected. credit @mkennedy1996

Edit 2: Seems its not limited to QM after all, if you search it will give you lease terms on a DM too. I guess starting around $750/mo. You can also adjust mileage etc.

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[mkennedy1996]

https://rivian.com/configurations/r1t

I read it as they are offering a $5k discount and the $7500 tax credit to move remaining QM inventory.

I believe the $5,000 is from your down payment and not a Rivian discount.

 

[COdogman]

I've never leased a vehicle in the past so I have no idea if these are good terms or not. Seems pretty standard for a vehicle at that price??‍

 

[jjswan33]

I've never leased a vehicle in the past so I have no idea if these are good terms or not. Seems pretty standard for a vehicle at that price??‍

They terms don't seem to disclose the price to purchase at lease end, so hard to say.

 

[Dark-Fx]

30¢ per mile overage seems pretty reasonable. Like actually significantly less than the cost per mile just built into the lease.

 

[DuoRivians]

This is pretty good!

 

[DuoRivians]

Does it say anywhere if the lessee has a purchase option?

 

[Dark-Fx]

Does it say anywhere if the lessee has a purchase option?

https://rivian.com/support/article/what-happens-at-the-end-of-my-lease-term

 

[DuoRivians]

https://rivian.com/support/article/what-happens-at-the-end-of-my-lease-term

Ah nice!

 

[DuoRivians]

They terms don't seem to disclose the price to purchase at lease end, so hard to say.

Usually, it’s the same price as the residual used to calculate the lease payments.

 

[ohseedee]

If you don't qualify for the $7,500 tax credit, this looks like a pretty solid alternative to buying...

 

[evhelphub]

I've never leased a vehicle before but this might be worth it. Would have to spec that lease up to 45,000 miles in 3 years, though.

EDIT: looks like Rivian's website/calculator is super buggy. At first it sent me to a 404 and now it'll open the calculator and not display details (TX).

 

[DuoRivians]

I've never leased a vehicle before but this might be worth it. Would have to spec that lease up to 48,000 miles in 3 years, though.

If you’re intending on buying the car, it might be worthwhile just to sign up for a 24 month lease and buy it afterwards. You get the same $7500 credit, and after 2 years, don’t have to worry about the mileage

 

[sherold]

30K/36mo. is not unheard of but, is a lower mileage allowance.

 

[evhelphub]

If you’re intending on buying the car, it might be worthwhile just to sign up for a 24 month lease and buy it afterwards. You get the same $7500 credit, and after 2 years, don’t have to worry about the mileage

I might legitimately do this. The website is giving me a bunch of errors so hard to glean information. What is the $7,500 lease credit for?

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