2025 Rivian R1s Gen 2
MD/DC
MSRP: $86,300
Applied Offers: $8000 ($7.5k tax credit plus $500 deposit)
Adjusted Price: $78,300
Residual Value: $53,506
Down Payment: $0
Lease Payment (inclusive of taxes / fees): $996.18
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Enjoy in good health! Post pics
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I don’t see your DAS anywhere but I’m assuming $3.5-4k?
It’s as good as it gets on the R1S
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Is it MD or DC, they’re VERY different in terms of tax liability. Contract suggests D.C but I wanted to double check.
Congrats, enjoy!
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Oh yes! I am in DC - I should have left MD out of it but the service center pick-up is in MD.
And that’s right re DAS: $3.7k
Thank you all!
The online quotes seem higher - did you work this directly with the sales center?
This is a relatively good Rivian deal. I was looking a month ago before the $599/mo and it was around $41k for 3 years. Here you are closer to $36k
I got the performance and max battery which added around $400 to my monthly compared to yours. But if I like the car I will buy out my lease.
LawrenceG - I didn’t work out anything unique for our lease with the sales center. They indicated to us that they don’t have the option to offer incentives - I don’t know if that’s true or not but, at least from my end, we didn’t come to any arrangement. We are getting the Dual Standard (the base model) along with a few additional add-ons (Paint Color, Seats, Wheels, Air Compressor, and Premium Audio). So, if you are looking at the Dual or Tri - those lease payments would be higher.
Deepunj - That’s good to know re: a good Rivian deal! I would have loved to add the max battery but that wasn’t an option offered with the Dual Standard base model.
Fellow DC resident here. Gotta love our high 10.25% tax on the monthly!
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When I contacted Chase (which is the bank that holds Rivian’s leases), they are offering a lease buyout price of $78k. With a residual value of $53,506 and a rent charge of $32,528, I think I would be paying ~86k in three years to purchase my R1S not including sales/use tax. So, would it be accurate to say that I am paying $8k to have the option to not buy my car in 3 years?
Current used dual standard R1S Rivians (same year, more mileage, less options) are selling on Carvana for $79k. Would you do a buyout of your lease if you were in my shoes and are there any other cons you would consider with doing so?
That difference is the interest charge on the lease compared to buying up front. If you chose to finance the car, you are paying 2-4k a year in interest anyway with a standard car loan so it adds up to same or worse in 3 years.
Buying a used car at 5-7k discount doesnt make sense since you wont get the 7.5k ev credit and you dont know why the owner got rid of it so quick. I would want a much bigger discount for used.
I also recently leased a Rivian and if it holds up well in year or two, I will buy out lease as well. Only reason I wouldn’t is if company goes bankrupt or car has too many issues.