Price / Promo future predictions

[somethingforcat]

Hi everyone. I am scheduled to pick up an R1S in about 10 days but am having cold feet. Interest rates on loans and leases are quite high, and I am worried about overpaying for my car. Concerns include tariffs kicking in, unpredictability caused by them and consumer sentiment and spending dropping. Any thoughts on what this could mean for R1S demand and pricing?

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[SANZC02]

Hi everyone. I am scheduled to pick up an R1S in about 10 days but am having cold feet. Interest rates on loans and leases are quite high, and I am worried about overpaying for my car. Concerns include tariffs kicking in, unpredictability caused by them and consumer sentiment and spending dropping. Any thoughts on what this could mean for R1S demand and pricing?

Rivian has been pretty good having stable pricing. Most of their deals have been special interest rates or current inventory discounts. They have not been playing MSRP roulette like Tesla was doing hurting the resales on current owners.

If you are purchasing and plan on keeping for a few years you should be ok. If anything if those tariffs stick around for a while it will drive up cost of new vehicles, that usually tends lifts the price of used vehicles as well.

 

[Zoidz]

If this nonsense continues, vehicle prices will have to go up. It seems to me that buying now is a wise move?

 

[Electrified Outdoors]

Loan rates really aren’t bad right now all things considered. Money factor on the leases is about 8% though which is kinda high and makes the lease more costly.

nobody here has a crystal ball of course but with that said, I wouldn’t expect prices to improve if the tariffs go through. I’m not sure what Rivian‘s supply chain looks like and how much of their parts come from China, Mexico, and Canada. It’s possible Rivian could be in a better position than other auto makers that have assembly plants in Mexico in Canada if Rivian has an advantage they’re less likely to lower the prices or give incentives.

for folks in Canada this might be an issue with the trade war ramping up.

The deals right now are pretty good. You can pick up the dual motor with max pack and get a $3000 discount and 6000 on try motor.

if you’re worried less about the price of the vehicle and more about macro, economic conditions you’re not alone that’s why many folks are not making large purchases right now. As far as financing if the interest rates do get on, you can always refinance it to the lower rate.

Check out some credit unions and if you want some help, drop me a DM and I can do some digging for you on rates if you’re going that route.

 

[Gentilly7]

Tariffs are a reason for you to buy now as they have the potential to raise car prices. Rivian’s 1.99% promotional interest rate just ended. Did your model not qualify? If not, check out Navy Federal Credit Union. They have rates as low as 4.49% at the moment but there are some specific requirements to join.

 

[Donald Stanfield]

Generally, things aren't going to get cheaper. I wouldn't bet on deflation, so it will be more expensive tomorrow than it is today. With that said, no car is worth stretching yourself over. I wouldn't buy an R1 new if you're in a bad spot financially over it. Get a used one and save a whole lot of money.

 

[somethingforcat]

Thanks everyone for your responses. Fortunately, I could purchase the car but am planning to start with the lease and then pay it off after a few months.

I know the logic is that tariffs will lead to higher prices but things are soooo unpredictable right now that deflation or stagflation in the near future would not surprise me. It doesn't help that I have been burned by Tesla pricing and decision making is not one of my strengths.

 

[André]

This is just the beginning…

 

[iansriv]

OP-if you have any hesitation at all then don't do it. Unless you absolutely have to have a new R1 now, do whatever you think is best.

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