What about Leasing??

Discussion in 'Ordering, Pricing, Delivery' started by Lil'O Annie, Jun 22, 2019.

  1. Lil'O Annie

    Lil'O Annie Well-Known Member

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    Ran a search of this forum and didn't find a discussion about a possible leasing option offered by Rivian. Has anyone heard about that possibility?
     
  2. Hmp10

    Hmp10 Well-Known Member

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    Even if Rivian doesn't offer leasing, there are banks and other financial institutions that will purchase and then lease cars to you. The issue is going to be residual value. When a vehicle as novel as the Rivian hits the market it can take several years for trade-in values to be established, especially with a new manufacturer. In the meantime, lease rates are usually exorbitantly high, as the lessor has to hedge against the possibility that resale values will be low. Initial lease rates on Teslas were through the roof and only began to move into more normal ranges when the resale market for used Teslas turned out to be rather strong.
     
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  3. Alan Burns

    Alan Burns Well-Known Member

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    I asked at Seattle and was told Cox would handle leasing, financing, trade ins and registration at purchase.

    Alan
     
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  4. azjohnny

    azjohnny Well-Known Member

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    IMO leasing is the way to go with high end priced vehicles
     
  5. EyeOnRivian

    EyeOnRivian Well-Known Member

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    That was my thinking as well. However, since vehicle reliability, servicing and maintenance are unknowns along with probably high insurance premiums, I'm very curious on how Rivian (Cox Automotive) will structure their subscription model(s).
     

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