Announcing our new "CLUBS" section where you can join or create a Rivian club or group! You can use this new feature to conveniently plan and discuss local events, gatherings or other club/group related topics.
So we encourage you to join (or start) special-interest and regional-based Rivian clubs at: https://www.rivianforums.com/forum/group-categories/clubs-groups.1/
Not sure on timing. It was also mentioned in their latest newsletter:Did they say This year? I thought it was next year. Looks like they're pulling all the levers to get folks into R1Ts.
Leasing will allow future owners to make use of the tax credit regardless of income eligibility or price of the vehicle. Lease loophole allows for direct reduction in msrp of vehicle and after that if desired you can choose to buy out the lease and make use of the federal deduction.I have never ‘owned’ a leased vehicle, so I don’t understand how leasing works including the pros & cons.
Can you guys please explain why I should consider leasing vs buying my future R1T?
Leasing will be a very popular option, imo, especially with the $7500 effective cash backAt this stage, residuals on a R1T 3 years out have to me a wild guess at best. It'll be interesting to see where they'll be set. I'd bet they'll be so low that it makes leasing a not so attractive option.
Of course math is involved, but the consumer gets $7500 discount if they lease that they otherwise wouldn’t by purchasing.Leasing is just a math exercise pure and simple. So it's gonna depend on the math.
So what. Rivian isn't gonna have some way off market money factor. So we basically know everything about how a R1T lease might look EXCEPT the the residual. Rivian is gonna set that and god knows how they will figure that out. If the residual is set near market value....that's $7500 straight into the leasee's pocket they may or may not have gotten. If it's below market value...bonus...leasee get $7500 plus a bump from purchase resale as a trade for a higher lease payment, above market value by $7500 lower monthly but negates the $7500, yadda yadda yadda and so on and so forth.Of course math is involved, but the consumer gets $7500 discount if they lease that they otherwise wouldn’t by purchasing.
And if there’s a purchase option at the end of the lease, if the buyer is planning to buy anyway, the lease route will almost always be better (unless the money factor is awful)