Sponsored

First generation buyer concerns ...

Sparty97

Member
First Name
Chris
Joined
Jul 22, 2019
Threads
0
Messages
6
Reaction score
5
Location
Grand Rapids, MI
Vehicles
Nissan Armada
Occupation
Technology Consultant
Love the truck but I don't think I will be buying it within the first year or two of production. The biggest concern is price. I just can't justify paying $100k+ for something that will likely depreciate 50-60% in the first 5 years.
Sponsored

 

Lmirafuente

Well-Known Member
First Name
Lionel
Joined
Jul 6, 2019
Threads
31
Messages
558
Reaction score
574
Location
California
Vehicles
Tesla, Audi Cabriolet
Price is going to be interesting in 2020.

With name brand auto manufactures coming out with their version of EV SUVs, trucks, and hybrids at lower forecasted prices than the Rivians. If they come out before the Rivians, it will drive interesting behavior for potential buyers.

Will "good enough" sway people away from Rivian.

For me, performance, ride quality, durability, support, and longevity of the brand are important. I tend to buy cars and keep them well over 250K miles. I have been a BMW owner for many years, from a 3 Series, 5 Series, and 7 Series. I have always wanted a 4X4, but wanted more from it like what the Rivians are promising to deliver.

You can take a look at the Mach-e from Ford as an example for a base of $40K, but my guess is, as a 4X4 it will not perform as well the Rivian, but it will be good enough for those who are not planning to go off-roading much. Also the longevity of Rivian has yet to be proven. They are very popular right now, but how many of us will eventually buy.

I think the Audi eTron and Jaguar iPace is fine for city driving, but yet again, these vehicles are conceieved by established car building methodologies and process. They are also profitability focused that can drive quality and features down. Personally, I beleive they fell short.

What is attractive about Rivian is they have started from a blank slate and are re-inventing the manufacturing process. The development of the company has morphed from a sportscar focus to what is more enviornmentally favorable and has mass appeal. The are learning from the mistakes of prior companies.

Being in California, if our bill for the CA Tax Credit increase moves from $2,500 to $7,500 finally passes, the combined tax credit with the Federal and State "could" be $15K as I have posted in this forum at https://www.rivianforums.com/thread...it-increase-from-july-2020-december-2030.241/ ..... so the $100K Rivian for Californians would be significantly less. For me, I may just buy the base model of the 300 or 400 mile battery options. I am not sure about the roof options yet, so my possible cost is closer to $55K-$60K.

Also the House or Representative may also increase the Fed Tax Credit...rumores of a trade-in credit too...

The short of this, is there is a lot more data to consume before a purchase!
 

ajdelange

Well-Known Member
First Name
A. J.
Joined
Aug 1, 2019
Threads
9
Messages
2,883
Reaction score
2,317
Location
Virginia/Quebec
Vehicles
Tesla XLR+2019, Lexus, Landcruiser, R1T
Occupation
EE Retired
Love the truck but I don't think I will be buying it within the first year or two of production. The biggest concern is price. I just can't justify paying $100k+ for something that will likely depreciate 50-60% in the first 5 years.
The depreciation rate you quoted is pretty much the average. IOW it won't matter if you wait 5 years or if you buy a $100 K Tesla now. After five years you can expect it to be worth about $40K (note - this includes lost opportunity).
 

Sparty97

Member
First Name
Chris
Joined
Jul 22, 2019
Threads
0
Messages
6
Reaction score
5
Location
Grand Rapids, MI
Vehicles
Nissan Armada
Occupation
Technology Consultant
The depreciation rate you quoted is pretty much the average. IOW it won't matter if you wait 5 years or if you buy a $100 K Tesla now. After five years you can expect it to be worth about $40K (note - this includes lost opportunity).
Sure. It is likely that I would buy it used if it is still $100k+ new. I think I could stomach $50 to $60k.
 

Lmirafuente

Well-Known Member
First Name
Lionel
Joined
Jul 6, 2019
Threads
31
Messages
558
Reaction score
574
Location
California
Vehicles
Tesla, Audi Cabriolet
For the Californians on this forum, there appears to be a new update on Tax Credits that I am investigating still...it appears after Dec 3 there may no longer be a tax credit for more affluent buyers. More to come as I validate...
 

Sponsored

Estolworthy

Active Member
First Name
Eric
Joined
Aug 11, 2019
Threads
2
Messages
32
Reaction score
24
Location
Oxnard, CA
Vehicles
Infiniti and Kia
Occupation
LEO
For the Californians on this forum, there appears to be a new update on Tax Credits that I am investigating still...it appears after Dec 3 there may no longer be a tax credit for more affluent buyers. More to come as I validate...
*YouTuber did not post resources. Don't take it as set in stone just yet.*

E for electric on YouTube went over this and according to him if the vehicle MSRP is more than $60k CA will not offer a rebate. Also, if the resident makes more than $150k a year CA will not offer a rebate.

 

Lmirafuente

Well-Known Member
First Name
Lionel
Joined
Jul 6, 2019
Threads
31
Messages
558
Reaction score
574
Location
California
Vehicles
Tesla, Audi Cabriolet
Thank you for this...I just found out about this too which is what I was researching...bummer...but I still like the truck (wink)!
 

Lmirafuente

Well-Known Member
First Name
Lionel
Joined
Jul 6, 2019
Threads
31
Messages
558
Reaction score
574
Location
California
Vehicles
Tesla, Audi Cabriolet
I also think it is discriminating to regulate who can participate on the tax rebate...
 

DucRider

Well-Known Member
First Name
Gary
Joined
Oct 21, 2019
Threads
17
Messages
1,652
Reaction score
3,143
Location
ORegon
Vehicles
Polestar 2, Ioniq, R1S
I also think it is discriminating to regulate who can participate on the tax rebate...
It's not a tax rebate, it is a straight rebate (not filed with a tax return) to promote the adoption of EV's, with a bias towards those who could not otherwise afford them. It is very likely that the vast majority of those that would purchase a $60K+ vehicle will still do so without $2K from the State. Those looking at ~$30K EV's will, with some frequency, not qualify for the full $7,500 Federal Tax Credit so the bump for lower income brackets will be much more likely to have the $$ spent go to increasing the number of EV's on the road (which is the whole point of the program).
 

skyote

Well-Known Member
Joined
Mar 12, 2019
Threads
55
Messages
2,725
Reaction score
5,647
Location
Austin, TX
Vehicles
Jeeps, 2500HD Duramax, R1S Preorder (Dec 2018)
I also think it is discriminating to regulate who can participate on the tax rebate...
It is just redistribution of your privilege to those more deserving.

[sarcasm]
 

Sponsored

Pherdnut

Well-Known Member
Joined
Nov 7, 2019
Threads
32
Messages
640
Reaction score
753
Location
Chicago
Vehicles
2015 Mazda CX-9
It is just redistribution of your privilege to those more deserving.

[sarcasm]
Except there's no redistribution. It's much dumber than that. No additional incentive for lower-income buyers has been added. If that had been done, I'd find the change reasonable since the goal is to get more EVs and fewer ICE cars on the road. But all they've done is reduce overall incentive and boosted absolutely nothing.
 

Pherdnut

Well-Known Member
Joined
Nov 7, 2019
Threads
32
Messages
640
Reaction score
753
Location
Chicago
Vehicles
2015 Mazda CX-9
It's not a tax rebate, it is a straight rebate (not filed with a tax return) to promote the adoption of EV's, with a bias towards those who could not otherwise afford them. It is very likely that the vast majority of those that would purchase a $60K+ vehicle will still do so without $2K from the State. Those looking at ~$30K EV's will, with some frequency, not qualify for the full $7,500 Federal Tax Credit so the bump for lower income brackets will be much more likely to have the $$ spent go to increasing the number of EV's on the road (which is the whole point of the program).
I did not get the impression there was an actual bump to lower-income brackets. People buying cheaper cars simply aren't losing the rebate. That's all.
 

skyote

Well-Known Member
Joined
Mar 12, 2019
Threads
55
Messages
2,725
Reaction score
5,647
Location
Austin, TX
Vehicles
Jeeps, 2500HD Duramax, R1S Preorder (Dec 2018)
Except there's no redistribution. It's much dumber than that. No additional incentive for lower-income buyers has been added. If that had been done, I'd find the change reasonable since the goal is to get more EVs and fewer ICE cars on the road. But all they've done is reduce overall incentive and boosted absolutely nothing.
They have effectively removed incentive for those the most financially able to buy EVs... This will lead to less EVs on the road, and that's just poor policy.
 

Lmirafuente

Well-Known Member
First Name
Lionel
Joined
Jul 6, 2019
Threads
31
Messages
558
Reaction score
574
Location
California
Vehicles
Tesla, Audi Cabriolet
It's not a tax rebate, it is a straight rebate (not filed with a tax return) to promote the adoption of EV's, with a bias towards those who could not otherwise afford them. It is very likely that the vast majority of those that would purchase a $60K+ vehicle will still do so without $2K from the State. Those looking at ~$30K EV's will, with some frequency, not qualify for the full $7,500 Federal Tax Credit so the bump for lower income brackets will be much more likely to have the $$ spent go to increasing the number of EV's on the road (which is the whole point of the program).
Thank you for the clarification! That makes more sense now to me.
 
 




Top