[Broker21]

I Rivian stated that they will not be offering a lease option. Did they say why?
In some cases valuation or residual value would be a concern for a Lease company. A GAMBLE on new product could be a concern as well!
Tesla offers leasing. I would think that a new EV like Rivian would have great residual value for leasing propects.

 

[CommodoreAmiga]

I think no leasing, initially, is a positive. Rivian wants people vested in the product -- not people ready to dump it in 3 years. Also eliminates the need to "guess" at the residual -- too low and people will get spooked; too high and Rivian takes unnecessary risk.

Rivian isn't going to have a problem selling units, initially, so no need to consider leasing, right now. Keep it simple.

 

[Broker21]

I totally disagree, leasing will in fact have more people vested in the product. It's my understanding that Tesla did not have this concern. Additionally, those who are still concerned about the cost of upgrading to the 400 Max package, being $7500 for 75 more miles or $10000 for 100 miles would be apt to consider the upgrade cost. Chase just might be the best source for the lease program.

 

[TT97]

Has anyone heard any additional information about leasing? The website just says they are not offering leasing "at this time." I am interested in the R1S but not interested in buying any vehicle.

 

[CommodoreAmiga]

Nothing has changed.

 

[JasonMKD]

I think leasing for Tesla makes more sense since their vehicles no longer qualify for the federal tax credit. Assuming the system stays the same for the foreseeable future, leasing a Rivian wouldn't make as much financial sense since you would be leaving at least $7,500 on the table in incentives.

 

[CommodoreAmiga]

I think leasing for Tesla makes more sense since their vehicles no longer qualify for the federal tax credit. Assuming the system stays the same for the foreseeable future, leasing a Rivian wouldn't make as much financial sense since you would be leaving at least $7,500 on the table in incentives.

The leasing company (who effectively buys the vehicle) can claim the rebate, and many will pass it along to the leasee. I know this is the case with Volvo, for example.

 

[eHauler]

I think leasing for Tesla makes more sense since their vehicles no longer qualify for the federal tax credit. Assuming the system stays the same for the foreseeable future, leasing a Rivian wouldn't make as much financial sense since you would be leaving at least $7,500 on the table in incentives.

The leasing company (who effectively buys the vehicle) can claim the rebate, and many will pass it along to the leasee. I know this is the case with Volvo, for example.

Good point @JasonMKD
Great to see Volvo does that, I already see some reports mentioning it.

How many owners do you all think will lease? Last I checked it was 80% for Tesla.

 

[DantSaperon]

Vehicle leasing is a pretty interesting thing. It has its nuances. I agree with the commenter below. No leasing saves them the hassle of installing a residual value. Rivian isn't going to have a problem selling units, initially, so there's no need to consider leasing now. Generally, professional advice is important in such matters. There are many different property lending companies you can go to, such as Mortgage Advice Leeds, who once helped me successfully and without any problems take out and pay off a mortgage on our apartment. What about Rivian, I think they will let us know about any news.