Would you buy now (yes) or wait (no): Poll

[Gsxr150]

Guys, let me see what they offer me for trade and I'll post an update. Limestone, OC, black 22's.

Sponsored

 

[Craigins]

They already assigned me a VIN, so I'm assuming the truck is ready.

Right, but you can take your time doing insurance and getting financing. Then they reach out for a delivery date and you can say those dates don't work, and push it back.

As an example, I had a vin on 8/1 and took delivery 8/18. I had a business trip scheduled for the week they wanted to deliver originally.

 

[DaveA]

I'd wait if I knew that was going to happen.....no way I'd move forward. I can wait another 6 months and still get my locked pricing. HOWEVER, the overwhelming majority seem to say yes (move forward with delivery). Interesting! Good stuff.

Thank you guys for the response so far! I am reading each person's response very carefully.

As long as it isn’t your sole means of transportation, I would go for it…I kept my commuter car just in case.

 

[Hoo D. Hoo]

True on the tax credit...not too confident that will roll into 2023.

I share your lack of confidence.

There are two different issues with the tax credit. The one that went into effect right away on August 16, 2022 was the assembled-in-America requirement. That's not an issue for the Rivian.

The rest of the changes -- in particular the $80,000 price cap, and the income-eligibility cap ($150K gross income single; $300K married) -- go into effect Jan. 1, 2022.

Now, here's the trick: to get the credit, the key date is not the date of purchase. It's the date you "put the vehicle in operation." To me, that suggests physical delivery. If you take delivery in 2023, I can see the government saying that the rules that apply to you are the 2023 rules. And the fact that you signed paper and deposited $100 in August 2022 may well not sway them. That may show a purchase pre-August 16, 2022, but not operation pre-Dec. 31, 2022.

If the question were only about the piece of the rule that went into effect on August 16 -- the assembled-in-the-USA requirement -- then maybe I could see it. The carve-out says that if you had a completed purchase pre-Aug. 16, but a delayed delivery, then your purchase date was still the day you signed and paid, because that was the day you were committed. (The payment has to be a substantial commitment. The example the IRS uses is a 5% down payment. Debatable whether a $100 deposit on a $75K+ luxury SUV is a substantial commitment.)

So if you signed paper and paid a down payment on August 15, but you took delivery September 15, that could well get you around the rule that changed on August 16 -- that the vehicle has to have final assembly in America. You might still get the credit on a Kia EV6 delivered between August and December.

But it's a bigger stretch to think that a $100 deposit and signed agreement on August 15, 2022 substantially committed you to buy the car, and will get you the credit, on a vehicle delivered and "put in service" in 2023, if you and the vehicle don't meet 2023's caps on income and vehicle price.

Rivian tried to give buyers and their accountants an argument to make. But it's far from clear it's going to work.

My separate question is whether Rivian could use the language of that purchase agreement to go back on its commitment to honor pre-March 1 pricing, if anyone makes a config change after Aug. 16. The purchase agreement says any changes after it's signed may result in price changes. Now, it's true that public pressure forced them to cave in March, no matter what the deposit agreement said. But it's not 100% that they'll feel similarly bound for folks who signed "binding purchase agreements" in August.

 

[Gsxr150]

I share your lack of confidence.

There are two different issues with the tax credit. The one that went into effect right away on August 16, 2022 was the assembled-in-America requirement. That's not an issue for the Rivian.

The rest of the changes -- in particular the $80,000 price cap, and the income-eligibility cap ($150K gross income single; $300K married) -- go into effect Jan. 1, 2022.

Now, here's the trick: to get the credit, the key date is not the date of purchase. It's the date you "put the vehicle in operation." To me, that suggests physical delivery. If you take delivery in 2023, I can see the government saying that the rules that apply to you are the 2023 rules. And the fact that you signed paper and deposited $100 in August 2022 may well not sway them. That may show a purchase pre-August 16, 2022, but not operation pre-Dec. 31, 2022.

If the question were only about the piece of the rule that went into effect on August 16 -- the assembled-in-the-USA requirement -- then maybe I could see it. The carve-out says that if you had a completed purchase pre-Aug. 16, but a delayed delivery, then your purchase date was still the day you signed and paid, because that was the day you were committed. (The payment has to be a substantial commitment. The example the IRS uses is a 5% down payment. Debatable whether a $100 deposit on a $75K+ luxury SUV is a substantial commitment.)

So if you signed paper and paid a down payment on August 15, but you took delivery September 15, that could well get you around the rule that changed on August 16 -- that the vehicle has to have final assembly in America. You might still get the credit on a Kia EV6 delivered between August and December.

But it's a bigger stretch to think that a $100 deposit and signed agreement on August 15, 2022 substantially committed you to buy the car, and will get you the credit, on a vehicle delivered and "put in service" in 2023, if you and the vehicle don't meet 2023's caps on income and vehicle price.

Rivian tried to give buyers and their accountants an argument to make. But it's far from clear it's going to work.

My separate question is whether Rivian could use the language of that purchase agreement to go back on its commitment to honor pre-March 1 pricing, if anyone makes a config change after Aug. 16. The purchase agreement says any changes after it's signed may result in price changes. Now, it's true that public pressure forced them to cave in March, no matter what the deposit agreement said. But it's not 100% that they'll feel similarly bound for folks who signed "binding purchase agreements" in August.

So take it now and enjoy? Great Intel my friend!!!

 

[Gsxr150]

Holy hell...
Based in the votes it's a resounding yes. Take delivery.

 

[AxelR]

Holy hell...
Based in the votes it's a resounding yes. Take delivery.

Lots of fanboys/girls ?

 

[Hoo D. Hoo]

So take it now and enjoy? Great Intel my friend!!!

If it makes a difference in getting the credit, hell yes. Go for it and enjoy!

(BTW I'm not a tax professional giving advice here. Just a Rivian order holder who read some IRS fine print today for his own interest. Ran into it while looking up credits and rebates for my new charger.)

 

[Gsxr150]

If it makes a difference in getting the credit, hell yes. Go for it and enjoy!

(BTW I'm not a tax professional giving advice here. Just a Rivian order holder who read some IRS fine print today for his own interest. Ran into it while looking up credits and rebates for my new EV charger.)

Humm....interesting.

 

[Oldsmobile_Mike]

Choosing 'yes', but I've been saving for three years and would buy one tomorrow if I could get it in my exact config (max pack, etc.). If I couldn't get it in my exact config I would not buy, period. I want an EV truck ASAP but if I can't customize it to my specific needs I'll buy another ICE vehicle.

 

[frostbit3]

I've had my truck 3 months, and have only had minor issues like body lines not lining up to where I believe they should, but i'm also picky about body lines. Rivian service fixed it after 2 months due to it not being a high priority and rightfully so, I would have waited longer no problem. I also had an issue with my pedal not going all the way up, but again it was minor and they fixed it. I've taken numerous road trips with it and it's been fantastic.

I also have an R1S on order, and if I was contacted today about buying it my only question would be "where do I sign".

They've sold thousands of R1S's and you're only going to hear mostly the negative on forums because most people only go on forums to complain or ask for advice, at least that's been my experience.

The only other real large complaint I have about my truck is the lack of text messaging integration, I hate having to use my phone to read a text but i'm hopeful they'll eventually fix it, as I can't imagine them not fixing that. But they haven't said anything about it to date as far as I know so it's anyones guess on if that gets fixed.

 

[SD R1T]

I've had my R1T for several months now and I love the truck for what it is. I love single pedal driving, the speed and handling, utility and attention this truck gets.

But after an insanely long trip home (for the distance traveled) I am looking at selling the truck and going back to ICE for my daily, towing and long trips. I have trouble justifying a 7k lb vehicle that is only convenient for around town driving.

With the current electric infrastructure and speed of charging for these trucks (they suck battery like crazy), it doesn't make sense to do long distances, tow or tow long distances in them. For those of you with nothing else going on that love hanging out in the paring lot of Walmart for 45 min to an hour after 2 1/2 hours of driving, good for you.

I spent two hours charging on a 320 mile one way trip this weekend. That does not include the 30 min wait for a charger to become available. The feeling of being trapped with no options is not something I want in a do everything adventure vehicle. Even charging at home is somewhat inconvenient. My charger is maxing out at 6mph, and can only charge between midnight and 6a, otherwise the cost of charging is WAY higher than fuel. It will take my truck 3 days of charging to get to the 70% limit I have set daily.

Do I love the power? Obviously! Do I love how it turns heads? Duh?! Do I love Rivian's design and mentality? YES! Am I willing to compromise my time for all that? That's a NO. If the network was better, it would be a yes across the board. But at the current moment, it's too early for me.

Forest Green R1T with 2k miles hitting an auction near you soon

 

[TxBeachRivian]

I've had my R1T for several months now and I love the truck for what it is. I love single pedal driving, the speed and handling, utility and attention this truck gets.

But after an insanely long trip home (for the distance traveled) I am looking at selling the truck and going back to ICE for my daily, towing and long trips. I have trouble justifying a 7k lb vehicle that is only convenient for around town driving.

With the current electric infrastructure and speed of charging for these trucks (they suck battery like crazy), it doesn't make sense to do long distances, tow or tow long distances in them. For those of you with nothing else going on that love hanging out in the paring lot of Walmart for 45 min to an hour after 2 1/2 hours of driving, good for you.

I spent two hours charging on a 320 mile one way trip this weekend. That does not include the 30 min wait for a charger to become available. The feeling of being trapped with no options is not something I want in a do everything adventure vehicle. Even charging at home is somewhat inconvenient. My charger is maxing out at 6mph, and can only charge between midnight and 6a, otherwise the cost of charging is WAY higher than fuel. It will take my truck 3 days of charging to get to the 70% limit I have set daily.

Do I love the power? Obviously! Do I love how it turns heads? Duh?! Do I love Rivian's design and mentality? YES! Am I willing to compromise my time for all that? That's a NO. If the network was better, it would be a yes across the board. But at the current moment, it's too early for me.

Forest Green R1T with 2k miles hitting an auction near you soon

What amperage is your charger? I am able to get 24miles range each hour with a 48 amp charge setting and 60 amp breaker. I would imagine charging at 1/4 that would make me frustrated. That is part of the reason I spent extra up front to have the electrician run a wire that could support the full 48 amp charge rate.

I can understand if you are towing a lot and traveling long distances, an EV is not nearly as convenient as ICE at this point.

 

[Gsxr150]

For those watching this...I've decided to move forward with the purchase. Trade was a little lower than I was hoping but looks solid overall.

 

[Brewbud]

I've had my R1T for several months now and I love the truck for what it is. I love single pedal driving, the speed and handling, utility and attention this truck gets.

But after an insanely long trip home (for the distance traveled) I am looking at selling the truck and going back to ICE for my daily, towing and long trips. I have trouble justifying a 7k lb vehicle that is only convenient for around town driving.

With the current electric infrastructure and speed of charging for these trucks (they suck battery like crazy), it doesn't make sense to do long distances, tow or tow long distances in them. For those of you with nothing else going on that love hanging out in the paring lot of Walmart for 45 min to an hour after 2 1/2 hours of driving, good for you.

I spent two hours charging on a 320 mile one way trip this weekend. That does not include the 30 min wait for a charger to become available. The feeling of being trapped with no options is not something I want in a do everything adventure vehicle. Even charging at home is somewhat inconvenient. My charger is maxing out at 6mph, and can only charge between midnight and 6a, otherwise the cost of charging is WAY higher than fuel. It will take my truck 3 days of charging to get to the 70% limit I have set daily.

Do I love the power? Obviously! Do I love how it turns heads? Duh?! Do I love Rivian's design and mentality? YES! Am I willing to compromise my time for all that? That's a NO. If the network was better, it would be a yes across the board. But at the current moment, it's too early for me.

Forest Green R1T with 2k miles hitting an auction near you soon

I might say the same if I was only using the 110V home charger. That would be way too much of am inconvenience for me.

Sponsored