Rivian now has new options available for current owners looking to upgrade to a Gen2 vehicle

[UnsungZero_OldTimeAdMan]

I guess you’re calling me crazy
It would require a few things to line up to be worth it to me
Like employee vehicle, updated mods, low mileage, extended warranty, etc

"Crazy" is relative.

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[mmbmca]

I'll pass thanks.

Paid off = no car payment and I can drive it until the wheels fall off.
Trade for lease = car payment and nothing to show for it in three years when the lease is over.

Now...if I were in an occupation like realtor where I could write off those payments and then lease again, they may be different.

You got it section 179 write off is what I got. It was either I paid the money to IRS or buy the car it was a no brainer.

 

[Electrified Outdoors]

I started leasing because getting rid of a vehicle after two-three years has meant pretty awful depreciation on EVs. At least with a lease you know what you've lost for that period of time. If you're going to keep a vehicle much longer than that, then it makes sense to just purchase it.

This is the correct answer IMO. If you plan to swap out every 2-3 years leasing is cheaper than financing or paying cash in most cases. It also protects you since the depreciation is set in stone in the lease agreement.

We are doing a 24mo lease on the wife’s new S. Tip on the leases:

If a 36mo lease is more expensive than a 24mo then you know it’s the interest rate (money factor) that’s high. If the rate were low and depreciation high a 36mo would be cheaper because you have 12 additional mo to spread that depreciation.

self employed folks may desire to deduct entire lease payment using actual expense method on their taxes.

not financial advice.

 

[atebit]

So I had just put out feelers to Rivian about trading my 2022 R1T. They gave me a good number for the “trade” estimate. But, since that far exceeds what I could put down on the lease, here’s the rub according to my sales guy:

As for the repurchase we treat it as a separate transaction so not a trade in. I will help with that if you do choose to move forward on the Dune as I will involve the team who handles this. The repurchase check could show up after delivery it will not be at delivery (most likely). Because it is not a trade in anymore it would not qualify for the electric refresh offer, 3k

NO OFFER 4 U!

 

[Dark-Fx]

So I had just put out feelers to Rivian about trading my 2022 R1T. They gave me a good number for the “trade” estimate. But, since that far exceeds what I could put down on the lease, here’s the rub according to my sales guy:

As for the repurchase we treat it as a separate transaction so not a trade in. I will help with that if you do choose to move forward on the Dune as I will involve the team who handles this. The repurchase check could show up after delivery it will not be at delivery (most likely). Because it is not a trade in anymore it would not qualify for the electric refresh offer, 3k

NO OFFER 4 U!

My Fisker deal with the electric offer ended up looking like an MSRP reduction on my leasing paperwork. They didn't itemize it. So they clearly can handle this in some manner, but they originally wanted to treat it as two separate transactions where I contributed the pay-off amount to my Rivian lease while they paid the vehicle off.

 

[RWerksman]

In about 2 weeks my mileage accumulation is going to take a very sharp decrease
Call me crazy but I am almost tempted to find an OG Launch Edition with an early VIN (like less than 50 or 25)
Bonus points if I could get all the original goodies that the early birds got from Rivian

Having owned an early Gen 1 and a late Gen 1, I don't feel nostalgic at all for 'early' units. The only thing I miss is the Launch Green color.

 

[Electrified Outdoors]

Having owned an early Gen 1 and a late Gen 1, I don't feel nostalgic at all for 'early' units. The only thing I miss is the Launch Green color.

Same! Add that I miss forest edge interior as well.

 

[RivianRiverRat]

LOL that’s exactly it
Launch Green with Forest Edge
VIN 00013 but right at 60k miles
Used dealer in CA so no LE goodies included

 

[atebit]

So they clearly can handle this in some manner,

Do you remember who your salesperson was? Mine admitted that he had yet to do a repurchase deal, so maybe there are loopholes that he’s unaware of.

 

[IGR]

The fact that I did not receive such offer makes me suspicious
Why don’t you want my truck, Rivian?!

 

[Dark-Fx]

Do you remember who your salesperson was? Mine admitted that he had yet to do a repurchase deal, so maybe there are loopholes that he’s unaware of.

They kept having to go back to talk to the chase finance people who could actually do something about it. I don't think anyone forward facing has the capability.

 

[2kwik4u]

I started leasing because getting rid of a vehicle after two-three years has meant pretty awful depreciation on EVs. At least with a lease you know what you've lost for that period of time.

Same reasons I leased instead of bought.

My "New Vehicle Cadence" has been ~3-4yrs for the entirety of my life. I hate the "unknown" portion of the depreciation curves. I've made out like a bandit on some, and lost my ass on others. At least with a lease I can calculate and know where I stand very early on, and plan around that.

Secondarily, as an early adopter of both a new technology and a new company, a lease hedged my bets against runaway depreciation. If the truck is worth a ton when the lease is up, I can buy out and keep it (or resell); if the vehicle isn't worth a dime I can turn it in, and the leasing company has to deal with it. EV industry is still changing fast enough that "timing the market" has higher than normal odds against me.

 

[bmedfo1]

Yep, same!

Also planning to upgrade when the quad comes out

 

[fjn7]

I've had a trouble free experience with my Gen 1 R1S which I took delivery of in Nov 2023, so I'm a bit reluctant to upgrade. Heard too many stories of Gen 2 vehicles that are still having issues, and with service appointments difficult to get where I live, I'm going to hold off for a while. If it ain't broke, don't mess with it )

 

[jambaman84]

Are we able to buy the lease, trade in our rivians, and get the incentives.. then immediately switch over to purchase and the trade in for our car can go towards the purchase price?
If Rivian were to do this, I would trade in my quad R1S for a dual max or tri motor.

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