I attached my numbers that were offered after paying the deposit for a Rivian. I thought my downpayment would cover more but NYS needs the sales tax paid up front plus the other fees which is part of the originally hidden $4305.
When I do the quick math, I do wonder where the EV credit comes off. Is it reducing the $82k, and then only fractionally coming off my lease payments (including trade in downpayment)?
Yes $37,615 (because part of the 4305 is the first payment of 506).
So averaging it out, it’s $1,044/month (payment of depreciation, tax, fees, and interest).
If I plan to keep the car for a while and potentially buy out it might still be ok, I really do like this vehicle a lot, and I paid off my last car a while back so I won’t feel the 15.6k trade equity payment, so after the 4305 fees, it’s just the $506 payment… but I am still not sure if the 7500 credit helped me or them! Was it already used by them before getting to the $82,750? or is it reducing that number, but effectively paying down the residual more than the depreciation cost I’m paying down in the lease?
Is there anyone else here who recently bought an R1S and can compare the numbers?