Leasing NOT offered at pre price-hike prices for reservation holders

[JustPokingAround]

You're absolutely right.

No he's absolutely wrong, as anyone who knows anything about lease accounting can attest.

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[JustPokingAround]

Reservations are non-transferable, so a reservation with pre price hike lock would be transferred to the financial institution who would own it. They've already said they won't transfer reservations, so ...

This is a choice on their part. Arbitrary. The point of having non-transferable reservations was to avoid selling (scalping) reservations. That has zero bearing on me leasing the vehicle.

 

[Riviot]

No he's absolutely wrong, as anyone who knows anything about lease accounting can attest.

Quickest time from support to opposition for me on here... Later?

 

[Supratachophobia]

My guide just confirmed - they even went back internally to make absolutely sure:

"I was able to confirm from our teams that, unfortunately, we do not offer leasing to those with pre-March pricing updates. I apologize for the inconvenience this may cause. "

So fucking stupid and frustrating. It's just math. If they're going to sell to me at e.g. $80k then they should lease to me at $80k. Obviously it would make the payment super low, like $500-600 applying the same $60k-ish residual value. But if they're already 'swallowing' an $80k sale, then an $80k lease is no different.

I hate when companies make arbitrary stupid decisions like this.

Probably something that will get walked back in a few months along with opening up more states. I think they want to pull this lever slowly.

I find it odd that Chase has their largest presence in Ohio, which is who the lease is through, but no leasing in Ohio yet.

 

[Supratachophobia]

There are still pre-March holders out there??

Just make a loan payment instead of a lease payment. Problem solved.

It's the text credit loop hole we are after.....

 

[Nacho Rivian]

There are still pre-March holders out there??

Just make a loan payment instead of a lease payment. Problem solved.

Who is this smart guy? What is your name? ?

 

[JustPokingAround]

Probably something that will get walked back in a few months along with opening up more states. I think they want to pull this lever slowly.

I find it odd that Chase has their largest presence in Ohio, which is who the lease is through, but no leasing in Ohio yet.

Based on some hiccups in the lease process I've seen reported it's probably a good idea that this effort started small. But agreed the specific line-up of States is kind of surprising.

It's the text credit loop hole we are after.....

That too.

 

[s00n]

Who is this smart guy? What is your name? ?

I spose it’s too early in the morning to be a silly goose with this crowd

 

[JustPokingAround]

I spose it’s too early in the morning to be a silly goose with this crowd

Or maybe it's because the math doesn't work. A lease at $80k is about a $500 payment. A purchase is $1xxx/mo.

 

[COdogman]

Man, I can’t believe Kroger won’t let me use this BOGO coupon from 2010!

 

[JustPokingAround]

Man, I can’t believe Kroger won’t let me use this BOGO coupon from 2010!

I'll take facile analogies for $200 Alex.

 

[MountainBikeDude]

This isn't the first time I've come across a post like this, mostly fellow Canadians about to take delivery in Ontario and Alberta.

You have three choices as an early preorder holder,
Finance=Discount
Purchase=Discount
Lease=Full price leasing rate.

They chose to honour preorder pricing, if you want to take advantage of it, those are your choices.

Entitlement is a heck of a thing eh?

 

[JustPokingAround]

Entitlement is a heck of a thing eh?

You know what else is a heck of a thing? Corporate finance and accounting. Too bad Rivian doesn't seem especially well versed.

 

[MountainBikeDude]

You know what else is a heck of a thing? Corporate finance and accounting. Too bad Rivian doesn't seem especially well versed.

Sure they are... "We want to get full MSRP for our vehicle"

 

[Dark-Fx]

You know what else is a heck of a thing? Corporate finance and accounting. Too bad Rivian doesn't seem especially well versed.

Personally I think Rivian should just cancel your reservation for you at this point. Some customers aren't worth having.

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