Status change to lurker

[Billyt1963]

Is there more below the line in your image? I am confused.

That was the entire screen.

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[Billyt1963]

Lease price/incentives aren't the same for purchases and vice versa. It's not just a Rivian thing.

99% of these "Rivian screwed me" posts could've been avoided if people read the fine print or understood how things work.

There was no fine print I missed. The information was different in 2 places on the Rivian site, with no concrete explanation of why except for what my guide was relaying to me.

 

[RandomMcRandomFace]

That was the entire screen.

Wild then. I don’t get it. Best of luck!

 

[jjswan33]

That was the entire screen.

You'll understand that from the outside it doesn't make sense. If I go in the lease calculator on Rivian's site for an $89k 2023 R1T, for Tennessee. Using your $1k dep I get $2740 due at signing (not including TTL and the destination fee which would be ~$4k total) and a payment of $845/mo. That's a lot different than your screen shot of $580/mo.

Some rough math says your math doesn't add up by an amount >$13k.

 

[Billyt1963]

You'll understand that from the outside it doesn't make sense. If I go in the lease calculator on Rivian's site for an $89k 2023 R1T, for Tennessee. Using your $1k dep I get $2740 due at signing (not including TTL and the destination fee which would be ~$4k total) and a payment of $845/mo. That's a lot different than your screen shot of $580/mo.

Some rough math says your math doesn't add up by an amount >$13k.

I guess the reason it doesn’t add up is the $10k that was on my up front cost was included in calculating my payment. The $845 is closer to the original number I was given. If the payment had been left at that and the upfront cost was a little over $2k I would be picking up a truck tomorrow.

 

[jjswan33]

I guess the reason it doesn’t add up is the $10k that was on my up front cost was included in calculating my payment. The $845 is closer to the original number I was given. If the payment had been left at that and the upfront cost was a little over $2k I would be picking up a truck tomorrow.

There is the problem. That $845/mo offer with $2740 due at signing wouldn't include destination and tax title and license. In order to get $850/mo you'd probably need to put up $6500 at signing.

 

[Eric9610]

Drive offs with 0 down are between $3k-5k due at signing that from what I have seen aren't allowed to be rolled in for a true $0 due at signing. I think Rivian can do a better job of showing estimated costs on the site and in the process. I also think people confuse $0 down with total due at signing. $0 down means $0 cap cost reductions and $0 drive offs means Tax, Title registration, Fees, destination are rolled in to financed amount.

 

[Supratachophobia]

Lease price/incentives aren't the same for purchases and vice versa. It's not just a Rivian thing.

99% of these "Rivian screwed me" posts could've been avoided if people read the fine print or understood how things work.

But it's so much more fun to flip the table out of rage.

 

[TNJohn]

Not even really fine print. Before pick up of a lease they send paperwork you have to sign laying out all the debits and credits. I did the same thing toggling back and forth between lease and purchase as I was shopping. Even before the paperwork each offer/deal terms were completely separate and dependent upon the input I gave them to generate the offer - you can’t just hit the “back” button and change to a lease.

 

[Billyt1963]

Not even really fine print. Before pick up of a lease they send paperwork you have to sign laying out all the debits and credits. I did the same thing toggling back and forth between lease and purchase as I was shopping. Even before the paperwork each offer/deal terms were completely separate and dependent upon the input I gave them to generate the offer - you can’t just hit the “back” button and change to a lease.

I didn’t. It was a totally different truck with a completely different VIN.

 

[sfvR1S]

So OP was going to purchase with a $10k trade in. He then changed to a lease and the lease terms kept the $10k trade in as a down payment. I guess at some point, OP removed the trade in so the lease software increased in down payment by $10k.

OP thinks he should be entitled to monthly lease payments calculated with ~$12k down payment even though he's only putting in ~$2k.

Wow.

 

[Billyt1963]

So OP was going to purchase with a $10k trade in. He then changed to a lease and the lease terms kept the $10k trade in as a down payment. I guess at some point, OP removed the trade in so the lease software increased in down payment by $10k.

OP thinks he should be entitled to monthly lease payments calculated with ~$12k down payment even though he's only putting in ~$2k.

Wow.

Not so. I had a $26+ trade when buying. I would have been happy ok with $800 a month lease payments. What I didn’t like was being told I had a $2825.50 payment due at signing in one place and then a $12825.50 payment when I was supposed to make the payment.

 

[DuoRivian]

Not so. I had a $26+ trade when buying. I would have been happy ok with $800 a month lease payments. What I didn’t like was being told I had a $2825.50 payment due at signing in one place and then a $12825.50 payment when I was supposed to make the payment.

I don’t understand - you were happy with an $850 payment with a small down payment but when it was the expected $550 monthly payment you don’t want to pay the difference which so around $10k. Similar overall cost on a three year period. Basic misunderstanding.

 

[Billyt1963]

I don’t understand - you were happy with an $850 payment with a small down payment but when it was the expected $550 monthly payment you don’t want to pay the difference which so around $10k. Similar overall cost on a three year period. Basic misunderstanding.

Everything I have read about leasing is to put down as little as possible, in many threads I read on this site. Since the $10k was a total surprise and changing everything I had read about my terms, that was my biggest problem. If Rivian and put it back into the monthly fee, I would have been fine.

 

[sfvR1S]

Just can't reason with some people. They'll always think they're right no matter the evidence to the contrary.

Last post here. It's giving me a headache.

OP, good luck with your life.

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