Rivian R1T leasing begins next week

[DuoRivians]

Emails being sent out

Sponsored

 

[Amonte541]

Looks good
Will be interesting to see what the terms are

I have held a reservation for over a year and have not gotten this email

live in Central Oregon so this may not yet be offered

 

[Killer95Stang]

I've never leased a vehicle... but seems to me this is a great idea if you are on the fence with a newer company like Rivian. You get an awesome truck and you have an escape plan if things don't work out for you. With that said, I always said I would never buy a BMW and only lease, because once that warranty and service contract are gone, that is when the real pain begins.

 

[Golfer04]

I've never leased a vehicle... but seems to me this is a great idea if you are on the fence with a newer company like Rivian. You get an awesome truck and you have an escape plan if things don't work out for you. With that said, I always said I would never buy a BMW and only lease, because once that warranty and service contract are gone, that is when the real pain begins.

For leasing to work you have to be able to live with the mileage limitation, and normally would finance the vehicle. Just a guess, but the rate embedded in the lease will likely be around 8 percent. That can eat up the $7500 tax credit pretty fast if you normally pay cash or put a substantial amount down.

 

[DuoRivians]

I've never leased a vehicle... but seems to me this is a great idea if you are on the fence with a newer company like Rivian. You get an awesome truck and you have an escape plan if things don't work out for you. With that said, I always said I would never buy a BMW and only lease, because once that warranty and service contract are gone, that is when the real pain begins.

If there’s a purchase option at the end of the lease, it can be a good way for people who were planning on buying one to get the $7500 tax credit loophole.

Of course, we have to see if the lessor will pass on the tax credit cash to the lessee, but my bet is yes, because Rivian and Hyundai were involved in figuring this out this loophole.

https://electrek.co/2023/09/14/rivian-ceo-hints-leasing-coming-unlocking-7500-tax-credit/

 

[golden_frog]

I'm very interested in leasing an R1S to get the federal credit, looking forward to see what this looks like for the T

Sponsored