Financing options?

[MReda]

When it comes to potential resale, I'm more concerned about the upcoming smaller battery pack than I am battery technology advancing.

I have no doubt there are people out there that would gladly buy a Rivian if only they were a little cheaper, and they are the ones who will buy the first vehicles to start to hit the used market in a few years. The lack of available vehicles in those first few years will help keep the market price elevated on used vehicles.

In other words, people with $50k will buy a used LE if the cheapest new option is $70k, even if that $70k version has a 500 mile range.

Add a smaller battery pack to the mix, and lower the price of entry into the new market, and my guess is the value of a used LE will drop, especially if there aren't other distinguishing factors, like unavailable features on the lower priced new vehicle, or expired federal tax credits.

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[My 1st Truck]

I too may need to pull my deposit. I have always leased my cars, this is very disappointing. I may get the Volvo Polestar 2, very reasonable lease payments and very good reviews. I would think Rivian will need to evolve their financing options.Waiting to get a test ride soon.

I am in the same boat. I ordered a Polestar 2 with the performance package, reasonable lease terms. Got notification my car landed yesterday at the NY port, exciting they even sent me a picture of it coming down the ramp. I watched many youtube videos on it before deciding. Like the Google infotainment operating system,this may end up being the better choice for the next 3 years.

 

[My 1st Truck]

Gotcha, yup those are good points - will need to pay interest on that $7.5k if financed, and tax can add up too. Agree that it's not a straight $7.5k reduction.

It makes a lease/subscription option slightly more attractive because Rivian will presumably subtract the full 7.5k from your lease payments, correct?

That's what Volvo Polestar 2 does on their leases. Good deal if you are in the market for that car. They have a 64% residual and .01 finance charge. On a $72,000 car with $1500 delivery and origin charge for a 36 month lease comes out to around $880 a month with good credit. Lots of other companies do that too with the $7500 credit. Audi does it too.

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