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Residual value now shows in Rivian lease payment calculator
Rade
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Oh yeah! The figure was available only once you went through the finance process. Good to see it upfront. I have no played with the new configuration portal yet; does that number change based on what you estimate your down payment will be?
Sparkland
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So now new Rivian owners are better prepared to decide if they want to payoff (buyout the lease) the truck immediately, and forego making all those monthly payments. That might save the owner thousands of dollars.
I know on my 2025 Nissan ARIYA EV, the payoff is $26,500. If I make all the lease payments, and then buy it at the end of the lease my total outlay will be $30,000 (lease payment is only $98/mo). If I pay it off today, my total outlay would only be around $27,000 with fees added for the payoff. Of course, taxes would be added to both figures.
I know on my 2025 Nissan ARIYA EV, the payoff is $26,500. If I make all the lease payments, and then buy it at the end of the lease my total outlay will be $30,000 (lease payment is only $98/mo). If I pay it off today, my total outlay would only be around $27,000 with fees added for the payoff. Of course, taxes would be added to both figures.
Rade
Well-Known Member
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- Rade
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- radmorningcoffee.blogspot.com
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- 2025 Rivian R1T - Large. Delivered on November 23, 2024.
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- Retired
When we leased out R1T last fall, after the deposit and trade the residual value (plus some) was something that I was able to bank for when I was expecting the 3-year note to come to term. It is a vehicle I fully expect to hold onto, and was planning to buy out the lease at term. I fully expect to get 8-10 years out of the R1T. When the markets started going haywire in March, watching my savings plummet, I just pushed the button and bought out the lease (we were about 5 months in). I have no regrets. The pay-off value was actually LESS (by a grand or two) than the stated residual value on the note.
...but then I had to come up with the sales tax and costs for registration and title transfer... again, banked funds. All things to consider if you go the leasing option.
...but then I had to come up with the sales tax and costs for registration and title transfer... again, banked funds. All things to consider if you go the leasing option.
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