Rivian Lease Deals are extremely favorable right now

[Simplejack]

3yr lease for 2023s seem to be best deal. 2 yr lease looks like 2024 is way to go from what I'm configuring

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[240vPlug]

Wait, I am reading that as you need to put down $7,000 which includes your $1,000 order deposit. Your paying $7,000 in cap cost reduction and Rivian is paying $7,500 in cap cost reduction which is how you get to your payment. What am I missing?

 

[kozak79]

Wait, I am reading that as you need to put down $7,000 which includes your $1,000 order deposit. Your paying $7,000 in cap cost reduction and Rivian is paying $7,500 in cap cost reduction which is how you get to your payment. What am I missing?

Below is for a 2024 Quad Motor / Large Pack, you can call a sales rep and have them find you a 2023 outside your zipcode and you can save another ~$70 off the lease. You can also have them throw in free wheel, paint and interior upgrades.

2023 Quad Motor / Large Pack R1T with $0 down:

Similarly Priced Mercedes EQE SUV with $0 down

 

[240vPlug]

Below is for a 2024 Quad Motor / Large Pack, you can call a sales rep and have them find you a 2023 outside your zipcode and you can save another ~$70 off the lease. You can also have them throw in free wheel, paint and interior upgrades.

2023 Quad Motor / Large Pack R1T with $0 down:

Similarly Priced Mercedes EQE SUV with $0 down

That's a heck of a deal, the wording on the right though is what makes me question it.

 

[Ngkgb]

I just did a build of a similar priced Mercedes EQE, $96,400, $0 down, 10K miles, $1505/month
The same R1S build is around $900/month

I dont know what state youre in but in Cali the EQE lease is between 450-550/mo with very little down.

I still prefer the R1s all day.

 

[kozak79]

I dont know what state youre in but in Cali the EQE lease is between 450-550/mo with very little down.

I still prefer the R1s all day.

Probably the base model? I configured the 90k trim with no options. Look above.

 

[Airmoses]

Im going to have to call my guide tomorrow, the quad motor is leasing for just about the same price as a dual motor with standard battery. That is a crazy good deal.

 

[Riviot]

Below is for a 2024 Quad Motor / Large Pack, you can call a sales rep and have them find you a 2023 outside your zipcode and you can save another ~$70 off the lease. You can also have them throw in free wheel, paint and interior upgrades.

2023 Quad Motor / Large Pack R1T with $0 down:

Similarly Priced Mercedes EQE SUV with $0 down

Can you please modify your original post to clarify it remove the $7k comment? It's at least misleading, if not wrong, as Rivian is only doing the $7500.

 

[LandonBradford]

Just keep in mind, it's not possible to put $0 down. Has to put down $1K just to make reservation.

All in all, lease payment per month will be lower

 

[Michael A]

2024 R1S Quad, $93,800 with destination, didn’t want the free interior / tire upgrade so they deducted $3k from the msrp making it $90,800. $776 per month, 15k miles yearly with $9200 due at signing. This includes all fees and taxes.
Is this a great deal ?

 

[biker1284]

I'm not seeing any 2023 R1S available anymore. Looks like everyone cleared them out!

 

[kozak79]

Tried recreating this deal with Lease Hacker, here is what I'm seeing. Can anyone else confirm?

MSRP $92500, Risidual 52%, APR 2%, - $7500 tax credit. The only way to get to the lease payment that Rivian is giving is to have an extra -$10,000 cap cost reduction, which gets you to $926.

https://leasehackr.com/calculator?m...=true&bmw_demo_25=true&lease_result_mode=true

 

[MidnightRivian]

Tried recreating this deal with Lease Hacker, here is what I'm seeing. Can anyone else confirm?

MSRP $92500, Risidual 52%, APR 2%, - $7500 tax credit. The only way to get to the lease payment that Rivian is giving is to have an extra -$10,000 cap cost reduction, which gets you to $926.

https://leasehackr.com/calculator?m...=true&bmw_demo_25=true&lease_result_mode=true

Residual seems low on your calculations. I thought it was between 60%-70%. I ran my calculations with 67%.

 

[kozak79]

Residual seems low on your calculations. I thought it was between 60%-70%. I ran my calculations with 67%.

That’s a really optimistic residual. I guess that’s how Rivian is getting these numbers.

 

[MidnightRivian]

That’s a really optimistic residual. I guess that’s how Rivian is getting these numbers.

This is how the consumer wins in the EV price wars battle.

https://www.rivianforums.com/forum/...lease-final-numbers-included-in-thread.24595/

https://www.rivianforums.com/forum/...-starts-at-655-for-r1t-and-766-for-r1s.24032/

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