Need help with a Rivian lease!

[dan_gallo]

So I recently got a pretty incredible price
on a R1T.

Everything was signed and ready to go and just a few days away from my pick up date. Rivian reached out to me and just said they needed to see my insurance card with my father (who co signed with me). New York State law requires that anyone on the registration must be exactly on the insurance card.

The biggest issue with this is I get car insurance through my work and it’s impossible to add an extra person which would result in having to go to an outside insurance company and spend around $300 a month.

My father has cosigned with me in the past for vehicles, but has never been on the registration. It seems from my research that it’s not required for the cosigner to be a co-registrant.

I Would love some clarity on this matter As leasing is new to me, and to be completely honest, Rivian doesn’t seem that knowledgeable with what they can and cannot do.

Long story long, all I need to do is keep my father name off of the registration and it would be a done deal, but is there any law or legal thing on Rivians side that requires them to put his name on the registration as a co-signer? I can’t see anything in the lease agreements that would say so. My Rivian guide keeps saying “that’s what finance says. They haven’t told me why.”

It just seems odd that they can’t give me an exact answer as to why.

[Kctham18]

IIRC, Rivian Financial Services = Chase. The requirement that both co-signers be on the lease registration could be a Chase requirement, not a Rivian one. Chase has pretty strict requirements, unlike say, Santander or US Bank.
This is a pure guess of course, because the asset belongs to Chase, not to you. With a lease the promise is to pay and to return the asset at the end of the lease. With the co-signer not on the registration, one could argue how can he/she be on the hook to return an asset they have no legal right to.

Not quite the same as a typical auto loan, where the asset is just used as collateral to secure the loan, and the co-signer is only promising to pay, in the event of non-payment.