R1S Leasing and Purchase Vehicles Now Available in Online Shop!

[DuoRivians]

https://rivian.com/configurations/list?MODEL=R1S

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[MidnightRivian]

https://rivian.com/configurations/list?MODEL=R1S

 

[MidnightRivian]

$7,500 EV credit included with leases

 

[beyondgravity]

Good idea to compete with other EV manufacturers offering lease to exploit the $7500 loophole.

 

[Twitter Fingers]

Vast majority available are quad motor.. I would not be surprised if they are pulling this lever to clear out all of that inventory before announcing the upcoming changes.

 

[NY_Rob]

Vast majority available are quad motor.. I would not be surprised if they are pulling this lever to clear out all of that inventory before announcing the upcoming changes.

Or trying to clear out remaining 2023 VINs as lease customers don't care if they get a 2023 VIN vs a 2024 VIN whereas buyers might?

 

[djsider2]

Has anyone already done the calculations on the residual and MF?

I would prefer to take my config with a lease and the 7500 right away rather than deal with the 2022 amendment process. Also having the option to get rid of it at the end of the lease in case value goes south is very appealing too.

 

[DuoRivians]

Has anyone already done the calculations on the residual and MF?

I would prefer to take my config with a lease and the 7500 right away rather than deal with the 2022 amendment process. Also having the option to get rid of it at the end of the lease in case value goes south is very appealing too.

Only info available is for R1T. Residuals around 61% for 12k/yr. Around 4% APR

 

[jjswan33]

This is also the first time we have a public facing R1S shop is it not?

 

[Forest Edge]

The residual on my R1T is closer to 68%. For the R1S they've either lowered the residual or have a higher money factor as lease prices appear to be $300-$350/mo higher than those for similarly priced R1Ts.

 

[djsider2]

The residual on my R1T is closer to 68%. For the R1S they've either lowered the residual or have a higher money factor as lease prices appear to be $300-$350/mo higher than those for similarly priced R1Ts.

Which R1T build?

 

[Forest Edge]

Which R1T build?

Quad motor on 22s

 

[Whatever_this_is]

This is also the first time we have a public facing R1S shop is it not?

Yeah I think that’s the bigger news here. Also, it seems I can’t convert my existing order to a lease

 

[djsider2]

What!? Why would they care if its a lease vs a buy?

Also, no one should be passing up the opportunity to get the 7500 if they dont qualify to get the credit. Are their even "buyers" left that haven't already put in a reservation? I would certainly be hopping into the "leasing" bucket.

 

[tschatz]

Wow this is a *much* more expensive lease than what's been offered on the R1T. Not a precise apples to apples, but pretty close:

Compare these two units, both with $94,000 MSRP, both have Performance DM, 20inch wheels, large battery pack. Using 10k miles per year and $6,000 down (the R1S quotes contain $7000 down by default, this had to be adjusted for the quote comparison)

It is $223 per month, over $8000 over the life of the lease, more for the R1S with the same starting MSRP. Assuming the interest rate is the same on both leases, does this mean they expect the R1S to depreciate that much more deeply than the truck? I can see there being a difference in the lease terms for these vehicles, but this sure seems like a huge disparity. Am I mistaken anywhere here?

This is an interesting (and confusing!) initial view of leasing an R1S. I have a reservation for an R1S purchase and should be able to get the $7500 in an amended 2022 tax return, but I much prefer to lease if I can. With these numbers it doesn't appear to be as good a deal as the R1T, so I may just buy the R1S or choose to lease the truck.

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