A Few Quick Leasing Questions

[RWerksman]

So, I'm potentially looking to swap my LE for a leased Max Pack R1T and I was hoping that someone here could confirm a few assumptions that I have:

• $7500 Rebate - This is claimed by the leasing company so even if I don't qualify for the rebate, they would claim it and apply it to the lease, correct?
• Down payment - The down payment or trade is completely independent of the $1000 amount put down to secure the vehicle, correct? If I want to use that $1k I should enter $1000 in the box.

I'm also curious as to what Rivian is giving on trade for an actual Rivian R1T (I'm assuming it's low) I have a few offers of mid to high $50's. Does anyone have a recent example?

Sponsored

 

[7FCvin]

As I understand it, the $7500 credit applies to all leased EVs (customer income and vehicle price limits do not apply as they would for EV purchases). And, yes, a down payment or trade-in is completely separate from the $1000 deposit made upon ordering. No idea on trade-in values given by Rivian for Rivians.

 

[NJDevFan30]

For the down payment, yes it's independent but enter $0. It's on top of the deposit.

@7FCvin is correct on the EV credit. It applies to everyone.

We took delivery of our leased R1S this month and would be glad to answer any other questions.

 

[jjswan33]

So, I'm potentially looking to swap my LE for a leased Max Pack R1T and I was hoping that someone here could confirm a few assumptions that I have:

• $7500 Rebate - This is claimed by the leasing company so even if I don't qualify for the rebate, they would claim it and apply it to the lease, correct?
• Down payment - The down payment or trade is completely independent of the $1000 amount put down to secure the vehicle, correct? If I want to use that $1k I should enter $1000 in the box.

I'm also curious as to what Rivian is giving on trade for an actual Rivian R1T (I'm assuming it's low) I have a few offers of mid to high $50's. Does anyone have a recent example?

How many miles do you have on your trade? Been debating doing the same.

 

[RWerksman]

How many miles do you have on your trade? Been debating doing the same.

20595 as of this morning.

 

[doit82]

I started this process as i found a dual motor performance max pack at a great lease rate. One point of reference: they offered me $51300 for my adventure quad with 29,000 miles. Seems a bit low, but not horribly.

Sponsored