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

[kroderman]

I just recieved a phone call, a text message and an email from Rivian about "Rivian now has new options available for current owners looking to upgrade to a Gen2 vehicle".

They seem to be targeting people with a large amount of equity, or in my case a paid off vehicle, as the email states "If you’ve been thinking about upgrading but have too much positive equity in your current Rivian to lease, these new solutions may be just what you’ve been waiting for."

I know the current lease offers are not very enticing if your vehicle is paid off.

Does anyone know what these "new options" are?

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[Mellowyellow]

I think this means you find out and report back to the rest of us haha

 

[Lars24]

I got a text from Rivian a few minutes ago about this, here is the response I got when I asked for details:

Yes so if the equity you have in the vehicle exceeds the amount allowed towards a lease then we would just cut you a check for the vehicle. You can put as much or as little of that as you wish towards the down payment of the lease. Once deposit is placed on the new vehicle and you drop off your old Rivian then you will receive a check for the trade in offer amount within 7-10 days.

We've just been given word we can do this on any models not just the Dual Max w/ Performance and Tri which have the zero down payment incentives going on

 

[RIV206]

Intersting. Chase must have changed their minds because I was told a month ago that they couldn't do this

 

[Honey]

I would love to upgrade, but the quad motor isn't available.

 

[JamboF4]

I would love to upgrade, but the quad motor isn't available.

Yep, same!

 

[DenisRL]

I just recieved a phone call, a text message and an email from Rivian about "Rivian now has new options available for current owners looking to upgrade to a Gen2 vehicle".

They seem to be targeting people with a large amount of equity, or in my case a paid off vehicle, as the email states "If you’ve been thinking about upgrading but have too much positive equity in your current Rivian to lease, these new solutions may be just what you’ve been waiting for."

I know the current lease offers are not very enticing if your vehicle is paid off.

Does anyone know what these "new options" are?

Not an issue for me. Canadians are not eligible for these and most other offers. Not feeling the love!

 

[mmbmca]

I'm tempted, I haven't been reached out even though I inquiries about getting Gen2. I have a Gen 1 2024 Dual Large with the Stealth wrap 4K miles. They were offering $59K as trade in.
Will see if they reach out.

 

[UnsungZero_OldTimeAdMan]

Haven't receiver offer yet. Unless straight-across trade... can't say I'd be interested. I simply don't see enough upsides to upgrading.

 

[Mathme]

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.

 

[Dark-Fx]

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.

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.

 

[Mark_AZR1T]

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.

Bingo! I don't see the Gen 2 as much of an upgrade, honestly. I rack up about 20,000 miles a year, so leasing just doesn't make sense for me. I'm in it for the long haul with my 2022 Launch Edition Quad R1T — 57,800 miles and counting. I’ll be driving the wheels off this thing!

 

[RivianRiverRat]

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

 

[UnsungZero_OldTimeAdMan]

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

Along with flaws of original units? Like I keep telling the would-be Tesla refugees trying to cherry-pick certain model year... There is no clear overall winner among gen 1 since Rivian made rolling changes, both to correct misconceptions and to improve production cost. Each run has their own pros and cons.

 

[RivianRiverRat]

Along with flaws of original units? Like I keep telling the would-be Tesla refugees trying to cherry-pick certain model year... There is no clear overall winner among gen 1 since Rivian made rolling changes, both to correct misconceptions and to improve production cost. Each run has their own pros and cons.

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

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