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Riviot

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I don't think the depreciation is as bad as it looks. I think Rivian is like Tesla with trades, if we're going to screw with it we might as well make some money. 18k miles just brought 73,400 at Manheim Auction. 12k miles brought $81,200
^ Manheim MMR is where the real aftermarket lives. Cars and bids is worse than eBay, unrealistic market on the ends of the Bell curve. Carvana and other "instant quote" sites low ball to make money at Manheim. Same goes for car dealerships.

2022 R1T Adventure
Rivian R1T R1S FYI: R1S trade-in quote from Rivian = $69.5K Screenshot_20240126-070046


2022 R1T Launch Edition
Rivian R1T R1S FYI: R1S trade-in quote from Rivian = $69.5K Screenshot_20240126-070119


2023 R1T Adventure
Rivian R1T R1S FYI: R1S trade-in quote from Rivian = $69.5K Screenshot_20240126-070157


2023 R1T Launch Edition
Rivian R1T R1S FYI: R1S trade-in quote from Rivian = $69.5K Screenshot_20240126-070139
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R1TS

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^ Manheim MMR is where the real aftermarket lives. Cars and bids is worse than eBay, unrealistic market on the ends of the Bell curve. Carvana and other "instant quote" sites low ball to make money at Manheim. Same goes for car dealerships.

2022 R1T Adventure
Screenshot_20240126-070046.png


2022 R1T Launch Edition
Screenshot_20240126-070119.png


2023 R1T Adventure
Screenshot_20240126-070157.png


2023 R1T Launch Edition
Screenshot_20240126-070139.png
Anyone buying at those prices is an idiot.

My local Craigslist has a list of Rivians for less than that list.
 

Riviot

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Anyone buying at those prices is an idiot.

My local Craigslist has a list of Rivians for less than that list.
Those are wholesale buyers paying that price, usually working for dealerships who request specific vehicle make/models within a certain budget. They're pretty well spread out on the map, so it isn't a west coast phenomenon.

I used to buy big pickup trucks and Harleys in the 2006-early 2008 boom for a rural dealer and Volvos for a suburban dealer in Florida, picked up my own BMW there too. Never nervous about bidding with their money, but that BMW bid had me giddy!
 

Mrose929

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Anyone buying at those prices is an idiot.

My local Craigslist has a list of Rivians for less than that list.
I'd say most of those are scams if listed lower than Manheim Auction.
 

R1TS

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I'd say most of those are scams if listed lower than Manheim Auction.
So, you’re saying most Rivian owners looking to sell private party are scammers? I don't think so. C&B is legit as well.
 

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Golfer04

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So, you’re saying most Rivian owners looking to sell private party are scammers? I don't think so. C&B is legit as well.
I am thinking of trading my R1T for a Model X. Adventure trim, 2022, 57,000 miles & Tesla offered $52,000. I didn't think that was bad; especially for a wholesale value. Illinois zip code.
 

dlucas589

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I am thinking of trading my R1T for a Model X. Adventure trim, 2022, 57,000 miles & Tesla offered $52,000. I didn't think that was bad; especially for a wholesale value. Illinois zip code.
Adjusted MMR for your vehicle is 58,800. So Tesla gives you 52 and immediately turns around at auction for 58-59 . Not bad!
 

Golfer04

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Adjusted MMR for your vehicle is 58,800. So Tesla gives you 52 and immediately turns around at auction for 58-59 . Not bad!
Who "adjusted" the MMR value? You? Last summer with 22,000 fewer miles Rivian offered me 60,000. Was a better market and only one model year old then. If I trade instead of sell I save $3500 in sales tax.
 

dlucas589

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Manheim Adjusted MMR is a thing

Looks like I pulled the wrong specs so its lower at 56,500.
Closes the gap a bit with your tax savings.
Everyone wins!

Rivian R1T R1S FYI: R1S trade-in quote from Rivian = $69.5K Screenshot 2024-02-10 at 10.29.09 PM
 

Riviot

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Just got my Rivian trade in offer. 2022 R1T Quad/Large 43k miles... $50k


<Insert screenshot here... I'm having issues posting screenshots and pics on here lately, despite gifs working fine>
 

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R1TS

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Just got my Rivian trade in offer. 2022 R1T Quad/Large 43k miles... $50k


<Insert screenshot here... I'm having issues posting screenshots and pics on here lately, despite gifs working fine>
That's actually really, REALLY GOOD in my opinion for a trade-in. Same exact truck but with less than 3,000 miles only just recently sold for $60K on carsandbids.
And, same exact 2022 QM/large R1T with 55,000 miles sold a month or so ago on carsandbids for $52K.

Depreciation on Rivians is crazy.
I recently just traded in a 2016 Tesla Model X with 100k miles for $30K.
 
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jjswan33

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Just got my Rivian trade in offer. 2022 R1T Quad/Large 43k miles... $50k


<Insert screenshot here... I'm having issues posting screenshots and pics on here lately, despite gifs working fine>
My latest Carmax value tracker was $41,400 but I have ~12k more miles than you.
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