Rivian Lease Deals are extremely favorable right now

[Riviot]

You can just post the correct information then. Don't have to be an ass about it

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[beaker]

The Chevrolet Blazer RS EV at $54.5K msrp is leasing at roughly the same monthly as the $96k 2023 quad deal I just signed. Lol

 

[bakk0020]

The Chevrolet Blazer RS EV at $54.5K msrp is leasing at roughly the same monthly as the $96k 2023 quad deal I just signed. Lol

Ha! It’s amazing isn’t it? Congrats.

I got my lease terms today:

2023 R1S quad
MSRP: 97,550
36 month
10k annual miles
Residual value: 60%
Money factor: .00001 (0.02% APR)

Basically, I’ll be paying $1.40 in interest per month with my lease payments.

 

[MavsLee]

Ha! It’s amazing isn’t it? Congrats.

I got my lease terms today:

2023 R1S quad
MSRP: 97,550
36 month
10k annual miles
Residual value: 60%
Money factor: .00001 (0.02% APR)

Basically, I’ll be paying $1.40 in interest per month with my lease payments.

Wow that’s a really good deal! Congrats!
you must have 800+ credit scores?

The lease option is so attractive, just pulled trigger to reserve mine 2024 R1S quad blue

 

[Airmoses]

I have no idea how you’re saying you got paint upgrade or interior upgrade reimbursed? I’ve asked my guide multiple times and said doesn’t exist and he’s never done it for anyone.

 

[FishinNole]

I guess I should have called and dealt with sales? I did mine online from the shop but had asked initially before accepting about an upgrade and no go. I didn’t do upgraded paint but did do interior and guide said never heard of giving away an upgrade.

 

[Airmoses]

I guess I should have called and dealt with sales? I did mine online from the shop but had asked initially before accepting about an upgrade and no go. I didn’t do upgraded paint but did do interior and guide said never heard of giving away an upgrade.

How close were your lease payments to the online estimator?

 

[FishinNole]

They were about 100-150 above if I remember right

 

[fbkr]

Ha! It’s amazing isn’t it? Congrats.

I got my lease terms today:

2023 R1S quad
MSRP: 97,550
36 month
10k annual miles
Residual value: 60%
Money factor: .00001 (0.02% APR)

Basically, I’ll be paying $1.40 in interest per month with my lease payments.

Congrats on the great deal.

I wonder how this impacts Rivian's revenues from Chase (their financing partner). My understanding is that when a customer leases a vehicle, Chase purchases it from Rivian and handles the transaction from there with Rivian retaining some risk on residual values.

Chase can't make a profit by lending at near-zero APRs, so I would assume Rivian is accepting a discounted price on these vehicles from Chase?

 

[bakk0020]

Congrats on the great deal.

I wonder how this impacts Rivian's revenues from Chase (their financing partner). My understanding is that when customer leases a vehicle, Chase purchases it from Rivian and handles the transaction from there with Rivian retaining some risk on residual values.

Chase can't make a profit by lending at near-zero APRs, so I would assume Rivian is accepting a discounted price on these vehicles from Chase?

Makes me wonder too.

It’s a solid sign they were/are pushing 2023 inventory. Where I live (Southern CA), there were only 20 or so 2023s when this deal went live and most were gone within 24 hours. I’ve only seen one or two since.

I’m so glad I was checking the site daily.

Yes, my credit is well over 800.

 

[bakk0020]

Oh and the monthly payments were pretty spot on in my case. Minus taxes

 

[kozak79]

My buddy just confirmed his lease on a 2024 R1S Quad / Large Pack / Launch Edition in Blue with 22" Wheels:

 

[mclark2112]

Just pulled the trigger on a Limestone/Black Interior, Quad Motor R1s. Delivery is in 8 days at Mahwah, NJ.

 

[NathanB]

I got the lease details today

Term length
36 months
Annual mileage
10,000 mi
Monthly payment
$786.17
Credits

Deposit credit
-$1,000.00
EV lease credit
-$7,500.00
Due at signing

First month payment
$786.17
Taxes*
$1,321.30
Acquisition fee
$895.00
Home delivery fee
$0.00
Documentation fee
$85.00
Title & registration fees
$1,229.00

Down payment
$5,000.00

Total due at signing
$9,316.47



Residual value: 64%
Money factor: 0.00157 (APR - 3.77%)

 

[ksurfier]

Wow, after all is said and done that's almost a 0% loan...and hopefully in 2-3 years interest rates will be down and those who buy out the leases will do really well...at these prices the residuals start to make sense...

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