Rivian is now providing leasing choices for the R1T electrical pickup truck. The leasing program has been initially launched in 14 US states.
Rivian selected to kick off its leasing program with the R1T, the primary electrical car to roll off its manufacturing line. Leasing, recognized as some of the requested financing choices, is anticipated to offer the R1T an extra increase in reputation after it fell behind the R1S when it comes to manufacturing precedence. This system is just not solely a chance for purchasers to get behind the wheel of the R1T and not using a long-term dedication, it additionally makes them eligible for the $7,500 federal tax credit score.
As we reported final week, leasing is presently solely obtainable when buying a R1T from present stock. On its web site Rivian is promoting lease charges from $899 per 30 days, however we’re capable of finding lease charges decrease than that. In our assessment of the automaker’s web site, we have been capable of finding a quad-motor R1T for 36 months with a $5,000 down cost and a ten,000 mile annual restrict for round $847 per 30 days. Choosing a 24 month time period will increase the month-to-month cost to $903 per 30 days.
Here’s a checklist of states the place prospects can now lease a Rivian R1T.
ArizonaCaliforniaColoradoFloridaGeorgiaMassachusettsMichiganMissouriNew JerseyNew YorkNevadaPennsylvaniaTexasWashington
Whereas Rivian’s leasing program is presently restricted to solely the R1T in present stock, and solely in 14 states, an organization spokesperson confirmed the corporate plans to develop the leasing program to incorporate customized constructed fashions and different states sooner or later. We’ve inquired about when leasing will develop to Canada, and can replace this text once we obtain a response.