CA and more specifically Ca-socal, looking for a deal check on this 2025 Rivian R1S Gen 2, CA. MSRP: $91,650. Selling price: $89,150. Applied offers: $7,500 EV lease credit. Deposit: $1,000. Term: 36 mos. Milage: 15k.
Questions: What are people estimating for CA taxes, when my local tax is 7.75%? I estimated the taxes and fees at $3,400 govt fees. Anyone have any socal taxes they paid?
Estimating the Residual at 76% and Money Factor at 0.00391 (APR: 9.38%) because that is what gets the calculator math to match the Rivian deal estimator (see attached image).
For taxes and fees on this, you’d be looking at around $2000 in upfront taxes and fees.
If you’re trying to determine if this is a good deal because it’s under 1.5%, you’re barking up the wrong tree. First off, this isn’t $1335 per month effective, because you’ve got $5000+ due at signing, so you wouldn’t use $1335 to do that calculator. Further, the monthly payment divided by the msrp does nothing to tell you if something is a good deal or not, so it really doesn’t matter what math you do.
Thanks for your response. I’ll adjust the taxes and fees. I’ll also update this thread when I get their offer number.
RE: good deal, I recognize that leasing the R1S gen2 at this point is in between the 2023/2024 gen1 lease-off, so I’m in the “I get what I get” territory (the 7500 incentive, and 2500 “discount”). I just want a sanity check if what they are offering is bad enough to walk away from it. I’m assuming this really comes down to the RV and MF that they offer, but how do other people gauge it?
I’ve been waiting for Rivian to update my offer, but they missed adding in the discounts that we negotiated. We had negotiated a total of $3,500, which is basically the equivalent of discounting the tires and paint. I expect to have the offer that comes up as this calculation.
I’m sure it will be a little bit different, but this is what I’m seeing. A residual value of about 61%, MF of about 0.00354 or 8.5% APR.
Well, just ask them for it. It really depends on where in the process you already are. We spoke to the Rivian Advisor first, and asked for a few things. One was asking for the Rivian Friends and Family discount, and then asking for a discount on the rims. I’m not sure how much leverage you would have if you are already with the Delivery Team.
What we said in particular was that while we wanted the features like Premium Audio, the truck we selected off of the existing build list had too many features than what we wanted. We also mentioned that comparable vehicles (like the BMW iX and others) have better lease deals going and we want Rivian to offer competitive pricing. Though they say you can always go through the customize truck feature, I think that you have a certain amount of leverage to ask for a discount on the trucks they are already building so that they can move existing units.
this is very helpful, thank you. i’m not with the delivery team yet and haven’t spoken with an advisor. do i need to put down a deposit before getting connected with an advisor?
No, you do not. Just request an appointment with an advisor. You can see the link at the bottom of the right hand side of the website on a particular vehicle that you find in inventory:
Request to speak with them for the vehicle you selected that is in inventory, and then you can get a phone call scheduled with a person. It may take a few days or a week, but then you get an actual advisor. You can then say that you see this vehicle is in Rivians inventory, and that you are interested to speak with them about it. Just make sure that you dont put down a deposit until you get them to confirm you get the paint and the tires removed as an incentive to be competitive against other vehicle options out there (BMW iX, Mercedes EQS, and so on). It will take them a few days to approve the discount. This may take you a week or two to get through talking with the people, as they are really slow to respond. Getting that 3500 discount with the 7500 ev credit is worth it in my opinion. This is really the only negotiation you can do on the car price (until they are doing the lease deals to move the 2025 inventory once the R2s start coming out).
One thing that they did make me do is once I got the 3500$ off, they asked for a 1000$ deposit vice the regular lease down of 500 off of inventory vehicles. That didnt bother me at all. Other people have also stated dont put money down outside of what is required. They model the “deposit” of 6000 or whatever, just dont do that.
so i just got off the phone with an advisor - she said they can no longer throw in the paint and tires and that that was an old offer no longer available. how recent were you able to get this? im wondering if this is just postering or if it’s true.
