Now I see....you were stating just one component of the depreciation not the overall amount.
Very true. They won't be worth much outside of the battery warranty.
I think alot depends on what happens when they start getting out of warranty. If they are tanks and have low upkeep costs....might hold a better value...if Rivian makes out of warranty repairs too painful....they will take a bigger hit. I plan to be a guinea pig and see what happens but only to point I feel it is unreasonable. Then I decide what next...My truck has been awesome overall so I don't want to part with it...at least not for $50k.
That's fair, and I also feel the same about my truck. However, I need an SUV, so I pick up my R1S on the 30th.
Sure, in most instances that would be true. However, the scenario I’m exploring here is somewhat unique in that you have a previous years model that is a tremendous value, especially if purchased as a low mileage demo/return. The price difference between a lightly used Gen 1 Quad (which was Rivian’s flagship model, clearly designed to make a splash with nearly every upscale option included) and the base model Gen 2 Dual Standard is minimal, with the fully loaded Gen 1 Quad usually thousands less despite being superior in nearly every way save for the updated suspension/tech on the Gen 2.
In many stats if you trade in the vehicle you only pay sales tax on the difference between the purchase price and the trade as well.
IF you can find a Gen1 Quad Large in the shop, I agree that the lease deal would be nice. However you can't use the $3k "electric upgrade" offer on it, you can only use it on 2025 Dual/Tris. So the lease gap might not be as big as you think when you factor in that the Gen2 gets $3k discount whereas Gen1 doesn't.
Yup, I just did the math myself yesterday and have great credit, I have the money for the loan in cash and plenty of assets. The money factor was 7.7%, and I'm not sure what the residual % was, but the lease was around as expensive as a loan with a better interest rate, even with the 7500 credit factored in.
Yeah and the market has been on a wild ride as of late. My Tesla shares have exploded and I was already playing the buy low and sell high game. I was pulling in gains of 20-25% and the last one was a 63% gain! Anything below 7% is better to pay the note and put that money to work in the market....for me...not saying anyone else should attempt...talk to your CPA first.
If you’re strictly talking about getting the highly incentivized lease deal that Rivian has been offering on Gen 1 Quads since this spring (I.e. rock bottom interest rates, often close to zero resulting in a rent charge below $2K, sometimes as little as $50!,) then that Gen 1 deal will always be a far, far better deal than any current lease on a Gen 2 (I.e. way higher interest, usually over 6%, rent charge on the Dual Large I cited above comes to a whopping $14,320 over three years.)
