dsudot77
Member
- Thread starter
- #1
Good afternoon (sorry this will be long)
Been a pre-order holder since August 2020.
Live in Ottawa, and have had access to the shop since late december, but wasn't in a hurry to get a new vehicle in middle of winter, and this also allowed more time to stockpile some liquidity.
Last week we received the email indicating any specifically configured Rivian's would be pushed out until Septemberish due to plant refactoring. Alternatively anyone waiting would have to choose from shop. Also pre order , price discounts would only be available until September. I was okay to wait, but not okay to lose the pre-order pricing level.
I found a Rivian shop R1T that matched our config and selected it this past Friday March the 22nd***.
Sunday evening, i was given a pickup date of March 30th (quicker than i was prepared for
)
Selecting a shop vehicle, enabled the ability to contact for a guide . The Rivian portal provided an email address for the guide.
*** selecting from the Rivian shop, led to me losing out on the accessories that I had chosen with my config (charger and full size spare), which means I also lost out on pre-order pricing for those items. I asked the guide if they could manually add at initial pre order pricing, and they said they could not. So if you have of accessories selected with pre-order pricing, try to figure out how to keep those before selecting a shop vehicle. Or bite the bullet and give up on that pricing.
The tasks available to me in the portal at the beginning (once a delivery/pickup date was provided) were
insurance
registration
and
trade in.
Insurance
---------------------
I ended up going with Rivians partner in Canada for insurance, Western Group Financial (underwritten by whoever they choose). For me this task was the longest one, and threatened pushing out the delivery, fortunately I was able to get this done today. This was my last day to do it, given Friday is a holiday and the my Ontario service centers (not Rivian's own) are closed on Friday (good friday) , which means Rivian needs to register the vehicle for me no later than Thursday and insurance needs to be in place for that to happen.
Registration
---------------------
Registration was a breeze, inputted my name and wife's name , and uploaded copies of drivers license and a secondary ID as well.
Trade-in (which is a dependency for financing/payments)
---------------------
This was the second longest path in the process, so important to start early (or maybe not even bother trying) as its a depenency for other tasks. It took 24 hours to get back a quote, which was exposed in the portal, once it was completed. The value offered was noticeably lower than that of what autotrader and its partners would provide (dealership buying my car). For my vehicle the value offered was approximately 25% lower compared to what a dealership would sell the car for, or what I can sell it for privately . Once the quote is provided, you have the option to accept or decline, to move on.
i declined and will sell my current privately after i pick up the Rivian.
This opened up financing
----------------------------------------
I opted to finance approx 60% of the vehicle, this was done via the portal, and rivians partner is scotia bank. i selected my preferred term,, inputted the down payment amount, and selected payment schedule. Next I Inputted my wife's name/my name, income and within a few minutes was approved. Both of us were part of the financing, because we are both co-registrants.
For those interested, the terms available were 48/60/72/84/96 months, and the interest rate ranged from 6.9 to (if i recall correctly) 7.4ish. (the lower the term, the lower the rate)
If you are curious my credit rating is 859 (or was at least), and wifes was 834 (not sure if this influenced the interest rates much though) .
Once financing was approved, this opened up the ability to remit payment and sign the purchase contracts
Remitting Payment (the down payment)
-------------------------
i did this via the rivian online portal by linking my bank account and approving a one time debit via "stripe"
Signing contracts
-----------------------------------
I esigned the purchase contracts, once i did, those contracts were then sent to my wife to sign as well. She esigned her iterations of them as well.
All purchase tasks are completed, and I am scheduled to pick up this weekend.
I'm sure some of this info/data is replicated from other posts, but hopefully this helps someone.
Thanks!
Been a pre-order holder since August 2020.
Live in Ottawa, and have had access to the shop since late december, but wasn't in a hurry to get a new vehicle in middle of winter, and this also allowed more time to stockpile some liquidity.
Last week we received the email indicating any specifically configured Rivian's would be pushed out until Septemberish due to plant refactoring. Alternatively anyone waiting would have to choose from shop. Also pre order , price discounts would only be available until September. I was okay to wait, but not okay to lose the pre-order pricing level.
I found a Rivian shop R1T that matched our config and selected it this past Friday March the 22nd***.
Sunday evening, i was given a pickup date of March 30th (quicker than i was prepared for
)Selecting a shop vehicle, enabled the ability to contact for a guide . The Rivian portal provided an email address for the guide.
*** selecting from the Rivian shop, led to me losing out on the accessories that I had chosen with my config (charger and full size spare), which means I also lost out on pre-order pricing for those items. I asked the guide if they could manually add at initial pre order pricing, and they said they could not. So if you have of accessories selected with pre-order pricing, try to figure out how to keep those before selecting a shop vehicle. Or bite the bullet and give up on that pricing.
The tasks available to me in the portal at the beginning (once a delivery/pickup date was provided) were
insurance
registration
and
trade in.
Insurance
---------------------
I ended up going with Rivians partner in Canada for insurance, Western Group Financial (underwritten by whoever they choose). For me this task was the longest one, and threatened pushing out the delivery, fortunately I was able to get this done today. This was my last day to do it, given Friday is a holiday and the my Ontario service centers (not Rivian's own) are closed on Friday (good friday) , which means Rivian needs to register the vehicle for me no later than Thursday and insurance needs to be in place for that to happen.
Registration
---------------------
Registration was a breeze, inputted my name and wife's name , and uploaded copies of drivers license and a secondary ID as well.
Trade-in (which is a dependency for financing/payments)
---------------------
This was the second longest path in the process, so important to start early (or maybe not even bother trying) as its a depenency for other tasks. It took 24 hours to get back a quote, which was exposed in the portal, once it was completed. The value offered was noticeably lower than that of what autotrader and its partners would provide (dealership buying my car). For my vehicle the value offered was approximately 25% lower compared to what a dealership would sell the car for, or what I can sell it for privately . Once the quote is provided, you have the option to accept or decline, to move on.
i declined and will sell my current privately after i pick up the Rivian.
This opened up financing
----------------------------------------
I opted to finance approx 60% of the vehicle, this was done via the portal, and rivians partner is scotia bank. i selected my preferred term,, inputted the down payment amount, and selected payment schedule. Next I Inputted my wife's name/my name, income and within a few minutes was approved. Both of us were part of the financing, because we are both co-registrants.
For those interested, the terms available were 48/60/72/84/96 months, and the interest rate ranged from 6.9 to (if i recall correctly) 7.4ish. (the lower the term, the lower the rate)
If you are curious my credit rating is 859 (or was at least), and wifes was 834 (not sure if this influenced the interest rates much though) .
Once financing was approved, this opened up the ability to remit payment and sign the purchase contracts
Remitting Payment (the down payment)
-------------------------
i did this via the rivian online portal by linking my bank account and approving a one time debit via "stripe"
Signing contracts
-----------------------------------
I esigned the purchase contracts, once i did, those contracts were then sent to my wife to sign as well. She esigned her iterations of them as well.
All purchase tasks are completed, and I am scheduled to pick up this weekend.
I'm sure some of this info/data is replicated from other posts, but hopefully this helps someone.
Thanks!
Sponsored
Last edited:
