Planning to lease R2. Assuming 65k out the door price, what will a lease look like?

[R2D2TOO]

Just looking for some insights. If the R2 is loaded and looks like 60 - 65k and zero or little down, what would lease payments look like, and for what term?

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[UnsungZero_OldTimeAdMan]

No one knows. Wait for announcements on 3/12.

 

[Eric9610]

Exactly... With leasing the program is more important than the car price. I have said this for a while. If the lease is over $600 a month its DOA. The Ix3 50 will be leasing in the $600 range. If you do the simple math and the car is 10k less than a standard R1 with only drive offs due, you are about $650 a month including tax.

 

[R2D2TOO]

Exactly... With leasing the program is more important than the car price. I have said this for a while. If the lease is over $600 a month its DOA. The Ix3 50 will be leasing in the $600 range. If you do the simple math and the car is 10k less than a standard R1 with only drive offs due, you are about $650 a month including tax.

I’ve been assuming 600-700 per month on a 3 year lease.
At 650, with minimal down, and configured as I want, I’m good with that.
I have zero interest in an iX3.

 

[Hodog16]

Good question. I'm interested in a 24 month lease so it'll be higher, but I've learned from past experiences (iX) that 36 months it too long for my car attention span.

Also have zero interest in the iX3.

Without any info at all I'm expecting it to be somewhere between $600-700 a month depending on money due at signing. Agree with putting as little down if possible on a lease. I suspect they will have a high initial money factor to take advantage of early adopters, so I'm also tempted to ride it out a bit and see if the terms improve with time.

I'm still on the fence in general, but if it's leasing under $600 a month with say just $3500 due at delivery then that would be very, very hard to turn down.

 

[ejr77]

The key for any lease is what residual value is used. Once you know that, the car price, and the rate used it’s pretty easy to figure out.

Interesting that the R2 will be so much less than the R1S. I just leased an R1S dual in Dec 25. About 6K down, 36 month lease with 15 K miles per year. Payment is $1350/mo

 

[Eric9610]

Good question. I'm interested in a 24 month lease so it'll be higher, but I've learned from past experiences (iX) that 36 months it too long for my car attention span.

Also have zero interest in the iX3.

Without any info at all I'm expecting it to be somewhere between $600-700 a month depending on money due at signing. Agree with putting as little down if possible on a lease. I suspect they will have a high initial money factor to take advantage of early adopters, so I'm also tempted to ride it out a bit and see if the terms improve with time.

I'm still on the fence in general, but if it's leasing under $600 a month with say just $3500 due at delivery then that would be very, very hard to turn down.

I expect the due at signing (drive offs to be $2k-3k no more. The registration will be lower and so will the monthly compared to a R1. As an example a SR DM R1 due at signing is $3800 with 0 down. That breaks down to $980 1st month $1k registration, and ~$1k in other

 

[blipit]

At 650, with minimal down, and configured as I want, I’m good with that.

Maybe no option R2 rwd base model.

 

[blipit]

Just looking for some insights. If the R2 is loaded and looks like 60 - 65k and zero or little down, what would lease payments look like, and for what term?

A R2 spec out to $60-$65k. $0 down, 36m...$800+

 

[Eric9610]

A R2 spec out to $60-$65k. $0 down, 36m...$800+

If the lease is that high its DOA. They need to be sub $800 to succeed. The BMW with better range will be $600-700 a month. at $800 a month you are only $180 away from an R1. No way they do that.

 

[blipit]

If the lease is that high its DOA. They need to be sub $800 to succeed. The BMW with better range will be $600-700 a month. at $800 a month you are only $180 away from an R1. No way they do that.

That is just the reality of situation. A no option Model Y Perf at $58k msrp is $890/m with zero down(+ tax/fees). A R1S Dual Standard with no options is $1,011/m with zero down(+ tax/fees).

They are not going to gives these away. Rivian doesn't have ICE sales to help subvent EV leases like legacy auto. Rivian needs to start making money. A $60k+ optioned R2 is not going to be anywhere near $600/m.

 

[Eric9610]

That is just the reality of situation. A no option Model Y Perf at $58k msrp is $890/m with zero down(+ tax/fees). A R1S Dual Standard with no options is $1,011/m with zero down(+ tax/fees).

They are not going to gives these away. Rivian doesn't have ICE sales to help subvent EV leases like legacy auto. Rivian needs to start making money. A $60k+ optioned R2 is not going to be anywhere near $600/m.

We will see... Programs are more important in this price range than you think. The reason tesla has this price is the program they are providing. They don't want the cars back and this is the same thing with M and AMG. A non-performance version at 60k should 100% be in the 600s. an $800 price will kill the volume.

I dont know where you saw the price on an R1 but it is less than $1k including tax.

 

[SANZC02]

Setting a lease price on the initial run is going to be difficult. There is zero history on resale so residual value is a guess. To keep the lease price down they have to set a high residual and I am not sure the lease companies are going to want the risk and go with a conservative residual value and a higher rate.

I don’t think Rivian will have any problem selling the initial run this year. It is very possible leasing may not be available until 2027 when they start seeing some used value data to more accurately set the residual values.

 

[Eric9610]

Setting a lease price on the initial run is going to be difficult. There is zero history on resale so residual value is a guess. To keep the lease price down they have to set a high residual and I am not sure the lease companies are going to want the risk and go with a conservative residual value and a higher rate.

I don’t think Rivian will have any problem selling the initial run this year. It is very possible leasing may not be available until 2027 when they start seeing some used value data to more accurately set the residual values.

Rivian has already confirmed leasing will be available day 1. To me this means that the initial costs will be higher than expected. Also, with strong headwinds from competitors offering competitive leases on day 1 they will be forced to compete.

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