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There's a bit of a difference, but they are similar. You could bet on GMC producing first for you, but we don't know Rivian's rampup capability.
Between 80k and 100k there is a pretty good delta of 20k but the difference is more than that.
Since the initial First editions are all reserved there really is not much you can do about that. The 2x and 3x is what you can reserve. I do not like the idea of white being the only color offered but the off road abilities of a full size rig is a lot better than what appears to be a Ranger class truck or it might be smaller than that. The Rivian looks promising but face it 15-20 grand is not much for what you get verses a Rivian truck or at least what they have shown so far.Between 80k and 100k there is a pretty good delta of 20k but the difference is more than that.
The base price for the LE R1T is 73k the Base price for the initial released version of the hummer is 112,595, that is 39,595 delta before any options are applied. That is 54% increase over base, not sure about the cost of options available and what dealer markup might be required as well.
Why do you think so? Is there a data point that I overlooked? GMC has been even more silent and evasive than Rivian on their vehicle so far. All the tests are still on their controlled testing fields, with nannies inside each vehicle. Now it is true that GM distribution networks & factories are numerous and have experience, but they still are a couple of months behind, IMHO.
Plus, Rivian has a $7,500 Tax Credit and GM has $0 (under the current Tax Code)Between 80k and 100k there is a pretty good delta of 20k but the difference is more than that.
The base price for the LE R1T is 73k the Base price for the initial released version of the hummer is 112,595, that is 39,595 delta before any options are applied. That is 54% increase over base, not sure about the cost of options available and what dealer markup might be required as well.
It is a standard deduction, so you file for it with your federal income tax return. Then you will get to deduct up to $7500 off the total taxes you owe *IF* you have enough taxable income to utilize any or all of that deduction. IMO, it’s really irresponsible, even slimy, for automakers to advertise it as a price incentive as they do. It was especially shady with GM and Tesla pushing the tax incentive marketing along with the Bolt and Model 3 as a huge portion of their customers couldn’t take advantage as many middle-class households have maximized their deductions between mortgage interest, healthcare expenses, education, etc..
The $7,500 federal tax incentive is a tax credit, not a deduction.
Kinda neat. It's a bit ugly, but it reminds me how much I love Japanese mini trucks. I wish they were a thing in the US because I would absolutely buy one.
Unless something changed, if the new one ever sees the light of day it'll be $0s for both because the people buying it make more than $75k a year and the car costs more than $40k. Not going to rant much more about it, but that's one of my biggest disappointments of the current political cycle is all the posturing around the EV tax credit.
In the past, all the tug of war, back and forth from various sides/perspectives has led to: nothing changing.
