OK. I was able to build out a calculator based on some assumptions that gets pretty close. The build I was looking at had an MSRP of of $87,800 and would give me 10,000 miles / 36 months. I’m assuming a reasonable MF and the deal would look something like this:
A RV of 60% is pretty realistic for car like this, don’t you think?
Most importantly, being able to finally be able to capture that $7,500 tax credit is very welcome to me indeed!!
Clearly the most important part of this deal is (if you are lucky enough to live in one of the designated states) you automatically get a $7,500 lease reduction off your lease cap. So if the truck is $90K, your effective MSRP is $82,500. Even if you are unhappy with the MF, or are have a personal policy against leasing, you can just buyout the lease for cash and still get that savings off the top to buy the car. That’s a win-win!
I guess the real question is “what over luxury EV pickup truck can you buy todays?”. There’s really only the F-150 Lightning and the CyberTruck. And CT’s won’t be manufactured in enough volume until late in 2024. So today there’s only two choices. So if you wanted a EV pick up truck, Rivian just made it very very easy!!
Fuck yeah!! @HersheySweet!!! I’ve been test driving Rivians on Turo for the past couple of weeks and totally fallen in love. This lease offer couldn’t have come at a better time for me! I’m so close to pulling the trigger myself now!! Congratulations to you!!!
Ha, I guess this isn’t really a traditional low monthly “Lease Hack” compared to the other amazing deals on here. It’s just an “IRA Tax Credit Hack”, which is wonderful in it’s own way!
