Leases got worse today!!

[EVDan]

This is the time of year when everyone has money (tax season) in the eyes of the auto industry. Q1 is traditionally the slowest time of the year. Spring/Summer usually the hottest ...no pun intended. IF numbers are not what Rivian is expecting you may see more incentives ...as others have said...closer to the end of the quarter.

I am not expert but I would expect some who were in the market for R1S Standard Range to instead wait for R2...which...we may see early (complete speculation on my part). Rivian is making huge progress on getting R2 to production based on updates from RJ.

It looks like they are very near trial production. Atleast with the frames being produced. Though I was thinking those frames will be new show cars that will have different colors and features as we near orders happening

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[highnote1]

I’ve leased and purchased over the years if I can get a good rate and compare both options based on car and particular deal. The honest truth is I am a car guy and I get the itch every few years whether or not I in a purchase or a lease. The only way to really ever save is to buy used and keep it forever however that it not what I do. It’s a hobby and I throw some money at it as an expense for sure. Pay to play!
If I didn’t care I’d buy a Prius and drive it until the wheels fall off…that’s no way to live!
However if I see a lease that is actually a good deal, 7500 credit…low money factor…it can make me jump!

 

[Ngkgb]

IF you are planning on keeping a car til the wheels fall off, then yes, youll prob end up slightly ahead. Otherwise, if you know what youre doing, you can find great lease deals that don’t break the bank on amazing cars. Until my R1T, I had been leasing since 2014. I didn’t pay for one service visit, one tire, or one brake pad in all that time. I don’t think you can make a blanket statement that leasing is bad.

 

[Zeusy Zeus]

R2 will be cheaper…but I want a truck. I had a 67k Audi for 600 a month:..with nothing down…I want that again! Come on Rivian!

Whoa which Audi and when? That’s a crazy deal.

 

[highnote1]

Whoa which Audi and when? That’s a crazy deal.

It was a 2019 Audi s4. It was actually 598! My dad was in the industry for years and always said the 1% lease was the holy grail! Close to that was a 2006 z4 that was 57k and was only 569. I’ve had a couple!

 

[Ngkgb]

It was a 2019 Audi s4. It was actually 598! My dad was in the industry for years and always said the 1% lease was the holy grail! Close to that was a 2006 z4 that was 57k and was only 569. I’ve had a couple!

I had a 2020 85k Etron for 450/mo with 3k down. Best part was when I returned it I had 5k equity which I put towards the R1T.

 

[UnsungZero_OldTimeAdMan]

False assumption. There is strong demand from those looking to dump their Teslas. There is also demand from those taking their Fisker/Chase settlements. By leasing you still have the $7500 point-of-sale credit that Rivian can deduct from your lease. No federal credits at all for any R1 purchased in '25. No OEM will pull incentive levers at end of any quarter of it doesn't see need to do so.

 

[Loodias]

A smaller truck like an R2T would be so cool - maybe even a two seater? is that crazy? I've never had a truck so don't know what people prefer, 2 or 5 seat in a truck.

Here you go...Alpha Motors

 

[UnsungZero_OldTimeAdMan]

Here you go...Alpha Motors

Hah. Are they in business still?

 

[Loodias]

Hah. Are they in business still?

They're still taking reservations, lol!

 

[wjhdrew]

Here you go...Alpha Motors

It looks so ugly.

 

[Panhandler]

I leased a new R1S on Saturday. Sunday was the last day to lock in the special lease rates. I changed the delivery on Monday and my lease payments doubled since they thought the contract was made after the cutoff date. I got it worked out and confirmed the lower lease payments.
There may be more deals like this as long as the federal EV tax credits last. This deal put $7500 toward the lease payments and locked in the base lease rate for R1T and R1S at $599.
I take deliver next week. I am looking forward to moving away from Tesla and being a member of the Rivian community.

 

[SD_Engnr]

How close to the end of quarter do you all expect deals to drop? Seems like we're at the end of quarter (11 days remaining) right now.

 

[highnote1]

I leased a new R1S on Saturday. Sunday was the last day to lock in the special lease rates. I changed the delivery on Monday and my lease payments doubled since they thought the contract was made after the cutoff date. I got it worked out and confirmed the lower lease payments.
There may be more deals like this as long as the federal EV tax credits last. This deal put $7500 toward the lease payments and locked in the base lease rate for R1T and R1S at $599.
I take deliver next week. I am looking forward to moving away from Tesla and being a member of the Rivian community.

Nice! But then you had to put a bunch more down to get that price, right?

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