Rivian followers have been ready a very long time for a lease program, and it seems to be like one is coming in any case, albeit just for the R1T initially.
As Tesla is on the brink of ship the primary Cybertruck pickup vehicles to prospects subsequent week, it seems to be like Rivian is placing the ultimate touches on its inaugural R1T leasing scheme.
In keeping with Rivian Boards (through Electrek), Rivian e mail subscribers have reported receiving emails from the corporate asserting that “leasing is coming subsequent week for accessible R1T configurations in choose states.”
No additional particulars can be found for the time being, however we contacted Rivian for extra info and we’ll replace this house once we hear again.
Till then, it is price noting that Rivian is making an attempt to liquidate its R1T stock, asserting a couple of days in the past a brand new supply consisting of a complimentary Stage 2 wall charger and a $2,000 set up credit score for it. The supply is for patrons who wish to purchase a brand-new Rivian R1T from stock.
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The upcoming lease deal could also be for inventory-only R1Ts as effectively, seeing as there is no point out of the R1S within the lease program. The reason for which may be that Rivian does not have R1S automobiles in its stock—it doesn’t supply the choice to buy accessible stock for the R1S on its web site for the time being.
Nonetheless, as Rivian produces extra R1S automobiles, the electrical SUV will most likely populate the corporate’s stock and be added to the lease program subsequent 12 months.
It is price noting that this isn’t the primary time Rivian has talked about plans to introduce leasing for its automobiles. On its third-quarter earnings name, Rivian stated leasing would come by the top of 2023.
Plans to introduce leasing had been additionally talked about in Rivian’s newest e-newsletter for the month of November 2023. The corporate stated within the doc that it’s “on the brink of launch a leasing program on choose R1T fashions in choose states.” The EV maker stated extra info on methods to lease a Rivian would observe later.
Leasing will doubtless assist Rivian shift the stock of current R1T pickups and enhance gross sales earlier than the top of the 12 months. The EV maker posted good leads to the third quarter of the 12 months and just lately raised its manufacturing objective for 2023 to 54,000 items from 52,000 within the Q3 earnings report. The corporate additionally reported hitting an annualized manufacturing fee of greater than 65,000.