The last bit is the 'money' here, and I agree with you. The net positive there is the liquidity/optionality.
Keep in mind, Lease + Buyout doesn't necessarily mean you have to go 100% cash. You can buy out a lease with a loan, and keep your cash onhand too.
Otherwise, the missing piece from...
Good question, it is covered in the analysis. If you look under the hood at the spreadsheet () there, Cell B14 takes the estimated tax from the Rivian payment estimator and Cell B41 takes the tax rate to calculate the rest.
If you lease and buyout in texas (or perhaps other areas with punishing...
Sure, which is what I was saying above, but that only gets attractive if the lease money factors (i.e., interest rate) are screaming low (effectively below the HYSA rate). I suspect that you would not be able to get a traditional HYSA product with a rate that was consistently above the lease...
To be clear, it's not a perception, it is hard numbers.
The decision matrix here is really simple. If you would otherwise cut Rivian a check/ACH/wire/etc. for X thousand and live in an area that does not disincentivize leasing like Texas, you can lease + buyout immediately to capture the value...
I think you are thinking of leasing for the entire term, then purchasing it after the lease term has run its course. In that case, you're absolutely right, there is no savings because the lease rent charge
What I am talking about is simply leasing for like 2 weeks, then immediately buying it...
I've created a comprehensive slide deck that captures all I've learned about lease buyouts, which is what I did when getting my R1T Tri Max in December. Given the federal EV rebate ending and the rest of the leasing offers that stack this quarter, this is an attractive option for those looking...
Howdy - I did this exact process and completed it this week. In short, I saved roughly 3400 dollars vs what I was going to do for a cash purchase
Happy to answer any other questions that might home up.
Cheers - Jon
I put together this post on Reddit to talk about what I did:
I put together...