More Gen 1 lease deals, let’s see how long they last:
https://rivianroamer.com/inventory/0706c6a228c83a9bace7c49a2e7dd518
https://rivianroamer.com/inventory/b3965f88b826bcc829874514ec268cde
Can you elaborate on this? Have people reported having to pay additional fees for breaking a Rivian/Chase lease early?
This detailed account of a lease buyout suggests that there is no penalty at all for breaking the lease:
The Hybrid/Gas offer does say that:
This offer may not be combined with other advertised offers unless otherwise permitted by Rivian.
so you’d have to ask a guide if they do indeed permit stacking this offer with the customer loyalty.
If you add up all the incentives available this month, trading up from a Gen 1 Quad to a Gen 2 Dual Large is fairly inexpensive.
Assuming you traded in a Gen 1 Quad and then leased a Gen 2 Dual Large with an immediate buy out, you’d have the following incentives available:
$7500 EV Credit...
More lease deals on 2024 Dual Performance models:
https://rivianroamer.com/inventory/b3965f88b826bcc829874514ec268cde
https://rivianroamer.com/inventory/0706c6a228c83a9bace7c49a2e7dd518
Saw two Gen 1 Dual Performance models listed this morning, gone in minutes. Here’s one of them:
https://rivianroamer.com/inventory/d9d3836766d14f7eada6c8682927e8ea
Not as good of a deal as the Gen 1 Quads, but still about $200 less a month to lease this Gen 1 over the equivalent Gen 2...
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...
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...
other than the one that has been sitting in Hawaii for a month or two: https://rivianroamer.com/inventory/07eaafd9f0baa8dd0760194e69084401
over the last month I’ve seen 4 other ones, they were located in CA, MA, ID, and Phoenix I think. Maybe those were the last ones, but I’d guess a few more...
$60K sounds about right for an R1T Quad with 3Kmi. I don’t know exactly what the MSRP on a typical 2023 R1T quad was, but probably several thousand less than an R1S. So if a 2023 R1S with 350mi gets $68K in trade from Rivian, @3500mi its reasonable they’d offer $62K and maybe $55k @20kmi. Who...
I’m guessing pure mileage is the biggest factor in valualtion, so identical models from a range of years are probably valued pretty similar if not identical as long as the mileage is the same.
I just looked a 2022 R1S Quad vs a 2023 R1S Quad in Kelly Blue Book and the difference was just over $1K.
Thanks for that, good to hear what Rivian is offering for a higher mileage vechile. I drive around 7k miles a year so probably just 21k miles in three years. If you where offered $51K for 37Kmi $55K seems reasonable for 21Kmi
Like many people, I had been deliberating between purchasing an R1S Gen 1 Quad vs a Gen 2 Dual Large. Despite the lack of recent upgrades, the Gen 1 Quads are very attractive as they can be had either by great lease deals or bought used with few miles on them for well below MSRP. Used Quads go...
I was on the Rivian site yesterday just as they were rolling out the updates. The site actually let me add a Tri Max to the cart for $77,900! I thought about checking out just to see if they would honor it but figured that was highly unlikely.
You can use this calculator to reverse engineer the rate: https://leasehackr.com/calculator
although, because you don’t know the residual it’s a bit of a guess. I believe.i used a residual of 62% when I calculated this lease. However, if the residual is lower, the interest rate would have to be...