Sponsored

Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow?

TexasBob

Well-Known Member
First Name
Bob
Joined
Jan 15, 2022
Threads
15
Messages
400
Reaction score
740
Location
Houston
Vehicles
Tesla Model 3
I am assuming Rivian will follow suit soon. Here is the email from Lucid today. No price cap, no income cap, simple capital cost reduction on lease.

Rivian R1T R1S Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow? Screenshot 2023-01-20 at 15.31.50
Sponsored

 

manitou202

Well-Known Member
Joined
Nov 21, 2020
Threads
19
Messages
703
Reaction score
1,905
Location
Manitou Springs, CO
Vehicles
R1T LE, Mercedes EQS SUV
Multiple automakers are using the leasing loop hole to offer $7500. Mercedes and BMW are doing the same thing.

Has Rivian started offering leases? At this point because of demand they don't have a lot of incentive to offer leasing programs.
 

COdogman

Well-Known Member
First Name
Brian
Joined
Jan 21, 2022
Threads
29
Messages
7,413
Reaction score
19,885
Location
Colorado
Vehicles
2023 R1T
Occupation
Dog Wrangler
Rivian canā€™t start offering leases until they get deeper into that backorder list.
 

SANZC02

Well-Known Member
First Name
Bob
Joined
Feb 11, 2021
Threads
29
Messages
5,258
Reaction score
8,859
Location
California
Vehicles
Tesla Model S, LE - R1S
Occupation
Retired
Multiple automakers are using the leasing loop hole to offer $7500. Mercedes and BMW are doing the same thing.

Has Rivian started offering leases? At this point because of demand they don't have a lot of incentive to offer leasing programs.
Iā€™m surprised Lucid is leasing this early. They usually like to have at least a couple of years to get some history for what the residual value of the vehicles will be.
 

manitou202

Well-Known Member
Joined
Nov 21, 2020
Threads
19
Messages
703
Reaction score
1,905
Location
Manitou Springs, CO
Vehicles
R1T LE, Mercedes EQS SUV
Iā€™m surprised Lucid is leasing this early. They usually like to have at least a couple of years to get some history for what the residual value of the vehicles will be.
No idea if they are offering good lease terms, but the market they are playing in (ultra premium sedan) have a lot of customers looking for leases. So they probably needed to offer a lease option to remain competitive.
 

Sponsored

R1Tom

Well-Known Member
First Name
Tom
Joined
May 19, 2022
Threads
36
Messages
2,328
Reaction score
3,008
Location
Wisc
Vehicles
Riv R1T
Occupation
Sales
How can anybody know what residuals are? One minute they are sky high...next minute company falls apart and they are damn near worthless. Applies to Rivian too.
 

Dark-Fx

Well-Known Member
First Name
Brian
Joined
Jul 15, 2020
Threads
96
Messages
9,355
Reaction score
17,742
Location
Michigan
Vehicles
Polestar 2, R1T, R1S, Livewire One, Fisker Ocean
Occupation
Engineering
Clubs
 
No idea if they are offering good lease terms, but the market they are playing in (ultra premium sedan) have a lot of customers looking for leases. So they probably needed to offer a lease option to remain competitive.
Lucid has a whole section for vehicles ready for delivery. Two week wait.
Rivian R1T R1S Lucid Rolls Out New Leasing to End-Run Price Caps... Rivian to Follow? Screenshot_20230120-190952
 

SFsoundguy

Well-Known Member
First Name
John
Joined
Nov 16, 2021
Threads
3
Messages
110
Reaction score
172
Location
Bay Area
Vehicles
Rivian R1S, Lucid Air Touring
Mercedes and BMW etc., already do the same thing. They take "your" 7500 credit and reduce the price of "their" car but really its just either split with you as you loos some of that 7500 when you return the car or its in the residual...
 

DuoRivians

Well-Known Member
Joined
Dec 30, 2022
Threads
189
Messages
2,784
Reaction score
6,511
Location
California
Vehicles
R1T, MY
IRS needs to fix the interpretation of leases, to be limited to commercial leases only. Not consumer leases. Undermines whole purpose of US made cars getting a tax credit and/or income limits
 

ads75

Well-Known Member
Joined
Nov 9, 2021
Threads
7
Messages
1,394
Reaction score
2,609
Location
Reading, Pennsylvania
Vehicles
2019 Jeep Wrangler 2DR, 2022 R1T
Occupation
Utilities
Clubs
 
With tens of thousands of waiting orders, I think Rivian has time to decide on incentives. They are already taking hits on pre-March 1 2022 orders.
 

Sponsored

R1Tom

Well-Known Member
First Name
Tom
Joined
May 19, 2022
Threads
36
Messages
2,328
Reaction score
3,008
Location
Wisc
Vehicles
Riv R1T
Occupation
Sales
With tens of thousands of waiting orders, I think Rivian has time to decide on incentives. They are already taking hits on pre-March 1 2022 orders.
We don't know how many orders they really have anymore, since they stopped dislosing that.
 

Sgt Beavis

Well-Known Member
First Name
Rick
Joined
Sep 28, 2021
Threads
65
Messages
1,678
Reaction score
3,544
Location
Colorado
Vehicles
2022 Rivian R1T, 2021 Jeep Wrangler Rubicon
Occupation
Overpaid Computer Nerd
Clubs
 
I was at the Lucid boutique in Denverā€™s Cherry Creek mall today. Honestly, that is a damn sweet lookinā€™ car with one of the nicer interiors Iā€™ve been in. I may have to give it a test drive some time soon.

Iā€™m not gonna buy one but Iā€™ll test drive is for as long as theyā€™ll let me šŸ˜
 

thrill

Well-Known Member
First Name
billy
Joined
Jan 14, 2020
Threads
19
Messages
767
Reaction score
1,538
Location
South Carolina
Vehicles
i3s, (r1t)
Rivian offering leasing would elevate them to the grown-up car-maker category.
 

iansriv

Well-Known Member
First Name
Ian
Joined
Feb 12, 2022
Threads
9
Messages
1,246
Reaction score
1,500
Location
US
Vehicles
R1S
This is interesting. Where does the money actually come from if not our taxes (reduction/credit)? If the mfg gets a credit from the govt then what do they have to lose? Let the good times roll!
 

Donald Stanfield

Well-Known Member
First Name
Donald
Joined
Jul 31, 2022
Threads
37
Messages
4,051
Reaction score
8,044
Location
USA
Vehicles
Rivian R1T, 2024 BMW i4 M50
Occupation
Stuff and things
IRS needs to fix the interpretation of leases, to be limited to commercial leases only. Not consumer leases. Undermines whole purpose of US made cars getting a tax credit and/or income limits
Or better yet take out the BS income cap that is leading people to want to lease in the first place.
Sponsored

 
 




Top