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Yes, it reduces cap cost by roughly the amount paid in taxes and fees. So it's almost a wash. Is that not correct?

So basically, the federal tax credit will cover the upfront taxes (6.25% in Texas) and fees and then you would pay whatever taxes are owed when purchasing the lease later on.

So there is a catch! You are saying you would pay taxes on the entire amount at the start of the lease and then pay taxes again on the pay-off amount if you were to purchase it? I guess if you put $0 down, you would only pay a portion of the taxes over the period of the lease up until you...

Has anyone confirmed that you can pay off a Rivian lease or trade a leased Rivian mid term as though it were a purchase AND keep the $7500 tax credit? If so, it seem like this would be a better option than a conventional purchase. What am I missing? Thanks!

I would love to know what you find out!

Were you able to get the money factor? Or whether you can pay it off mid lease? Thanks!

Which adapter do you recommend using to connect the Tesla mobile connector to the Rivian in this situation?

Agreed. And this is why I would love to see the verbiage of the lease contract.

That's a good point. However, they do allow you to purchase it at the end of the lease. Either way, it seems like Rivian is getting the credit from the government.

Do you have any idea whether or not you can purchase/payoff the lease in the middle of the lease rather than at the end? I've done this with other leased vehicles that I ended up trading in for something else. Tesla will not let you do this but many other manufacturers will.