[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.