Turning in my 2024 Gen 1 R1S, looking for a used R1S

[mclark2112]

So my lease is up in March, and I'm starting to look at a replacement. I do have a day 1, R2 reservation, but I've gotten used to the R1S size and I like it. Buying my lease isn't really worth it, the residual is $70k and it will have 40k miles on it. So like I said, I have a 2024 Gen 1 R1S in Limestone with the Black interior. I'm trying to pick up a used R1S with under 20k miles, for around $60k. There are many out there, and I'm sure more will come on the market in the next couple months.

I am seeing many 2022 and 2023 cars available. Anything I should watch out for? Will I notice a difference in going back a year or two? I love the Launch Green color, so I'm looking for those primarily.

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[COdogman]

The main differences going back to a Gen 1 would be the autonomy tech (if that matters to you), the headlights were also upgraded in Gen 2. And there are multiple motor/ battery options in Gen 2.

There are some benefits to going back though. All 2022s and most 2023s are quad motors with standard battery.

You also might get one with the Meridian stereo system, which most agree is better than the Gen 2 premium.

Most 2022s will have a 12v outlet under the dash and possibly in the frunk. Some 2023s have the under dash 12v but not the frunk.

Drawbacks to a 2022 might be some of the QA issues the original owners saw, but it’s possible they also had those fixed for you. Mine is a 2023 and it’s been great For 2.5 years.

I’m sure there is other stuff I’m missing, but that is what came to mind.

 

[Zorg]

Didn't gen2 start in 2025?

 

[mclark2112]

Didn't gen2 start in 2025?

Gen 2 started in June of 2024. I got my Gen 1 at the end of March.

 

[Time2Roll]

I would be concerned about reliability with any of these vehicles. If vehicle in hand has your confidence I would tend to stick with it or move to Gen2. Also check in advance if there will be any turn-in fees such as over miles limit etc. Purchasing the lease should avoid these fees.

For an older model I would make sure it has at least one year warranty remaining.

In the end there is no wrong decision. If a different trim, color, options are wanted then by all means choose what makes you happy.

 

[Zorg]

Gen 2 started in June of 2024. I got my Gen 1 at the end of March.

Yes, but as a 25 model year. We have a 22 R1T and a 2025 R1S. Gen2 tech is much nicer

 

[VC_Rivian]

Get an extended warranty

 

[mclark2112]

I would be concerned about reliability with any of these vehicles. If vehicle in hand has your confidence I would tend to stick with it...

Residual is at least $10K more than what I can get on the used market. I will have to pay $2k in overage, but that is still an $8K difference. I am super happy with it, but I don't want to take that hit.

If I buy a used R1S, I will definitely get an extended warranty as I drive 22k miles a year and will blow through any original warranty.

My biggest reason for asking about the 22s, is will I notice any differences from my late model Gen 1? I know some suspension items were changed over the run of Gen 1"s, will this be noticeable?

 

[BeepBeep]

You mentioned you were looking for a launch green R1S. I just traded in a 2023 launch green R1S to Carmax with 13.5k miles on it. They should be listing it very soon for around $64-67k I would guess. Ocean Coast interior. It was a great vehicle, just wanted the newer tech. I was the only driver and it is pristine shape. It has 20" wheels on it.

 

[Rivdog]

As Gen 1 owner for 3 years, I definitely wouldn’t hesitate to buy one used.

That being said, immediately take it to Rivian and pay for an inspection. Everything except the 12v will still be under warranty and Rivian will fix any issues found. Then buy an extended warranty which is only like 5-6k for 7-10 years of coverage. By getting an inspection, it may you down the road if you have an extended warranty and a claim is denied for allegedly being pre-existing or something like that. You’ll have proof that Rivian already inspected the car and the issue wasn’t there or that it was fixed.

 

[Rivdog]

Residual is at least $10K more than what I can get on the used market. I will have to pay $2k in overage, but that is still an $8K difference. I am super happy with it, but I don't want to take that hit.

If I buy a used R1S, I will definitely get an extended warranty as I drive 22k miles a year and will blow through any original warranty.

My biggest reason for asking about the 22s, is will I notice any differences from my late model Gen 1? I know some suspension items were changed over the run of Gen 1"s, will this be noticeable?

The late model Gen 1 had an improved suspension. Some of us early Gen 1’s had to have our suspensions replaced (under warranty) to the updated components, including myself. It was a noticeable difference in noise and the ride was a little improved, but not much. I didn’t even know I had an issue until I paid for the inspection with Rivian and they found a leak in a damper. Only took them about 24 hours to install the updated components. The bill said it would have been like $7k if it wasn’t under warranty, so the cost of the inspection was well worth it!

 

[hammick]

All of the G1 loaners I've driven have been loud and clunky. They have all been launch edition R1Ts. Now my service center said the loaners don't get a lot of service love so take that into account. If you can swing it, look for a lightly used G2.

 

[DuoRivians]

Ask Rivian if they’re willing to negotiate a lower buyout price. It’s happened before with other auto makers

 

[mclark2112]

Ask Rivian if they’re willing to negotiate a lower buyout price. It’s happened before with other auto makers

I tried, Chase doesn't negotiate.

 

[mkhuffman]

I tried, Chase doesn't negotiate.

That is not very smart of them. They could sell it to you for less than the residual but more than they can get by keeping it. Even if they sell it to you for the same amount as they would get keeping it they don't have to hold onto it. Seems like the time value of money would be worth it to them to just get rid of it as quickly as possible.

Good to know about that though. I thought I might give it a shot so now I know it is unlikely to work. I am going to want a Gen3 anyway.

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