Rivian Car Lease: Everything You Need to Know

If you're considering leasing a Rivian car, you're likely wondering what to expect. Rivian car leases typically range from 24 to 36 months in length.

Rivian offers two lease options: the Adventure Package and the Explore Package. The Adventure Package includes features like all-wheel drive and a more rugged design.

Lease payments for Rivian cars can vary depending on the trim level, location, and other factors. For example, a lease payment for a Rivian R1T truck with the Adventure Package might be around $1,000 per month.

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Leasing a Rivian is a smart move, especially if you want to lower your monthly costs and maintain flexibility. You can take advantage of lower monthly payments, which is a significant advantage.

If you decide to lease a Rivian, you'll also have the option to purchase the vehicle early, giving you more control over your finances.

Here are the key benefits of leasing a Rivian:

By leasing a Rivian, you can maximize your financial flexibility and take advantage of the federal EV tax credit, which is not available for direct purchases.

Leasing a Rivian provides a great way to take advantage of the federal EV tax credit, which is not available for direct purchases. This means you can enjoy lower monthly payments and the flexibility to buy out the vehicle early.

To maximize your financial flexibility, consider the value of your trade-in and the implications of a down payment. By leasing, you can trade in your current vehicle to offset costs, and depending on your state's tax laws, you may also benefit from reduced sales tax on a trade-in.

Rivian's lease options offer an excellent path toward driving a top-tier electric vehicle while maintaining financial flexibility. Leasing a Rivian can provide lower monthly payments and the option to purchase early, making it a smart financial decision.

Here are some key benefits of leasing a Rivian:

By weighing the pros and cons, you can make an informed decision about whether leasing or purchasing a Rivian is best for you.

Leasing a vehicle can be a smart financial move, and the Rivian R1T is no exception. The monthly payment for a Rivian R1T lease can be as low as $899, which is certainly more affordable than purchasing the vehicle outright.

This low monthly payment is made possible by Rivian's leasing options, which range from 24 to 36 months, with annual mileage options of 10,000, 12,000, and 15,000 miles driven per year.

For example, I looked at an R1T available in Pennsylvania for $899 per month for a 36-month lease, and the same vehicle had a monthly payment of over $1400 per month for a 72-month loan. This comparison highlights the potential cost savings of leasing.

The more features you add to your leased vehicle, the higher your monthly payment will be.

For your interest: Typical Car Lease Payment

Leasing a Rivian can unlock the EV tax credit, making it a more financially attractive option than purchasing, especially if you're looking to benefit from the tax credit.

For your interest: Tax on a Lease Car

Rivian Financial Services claims the EV tax credit and often passes the savings to you in the form of lower monthly payments. This means you can enjoy the benefits of the tax credit without the upfront costs.

The federal tax credit is still available for leasing a Rivian, with a $7,500 capital cost reduction applied to your vehicle subtotal during the digital purchasing process.

You'll see a lower monthly payment thanks to this reduction, but you won't see the $7,500 itself when you file your taxes.

For your interest: Car Lease on Credit Report

Lease options for the Rivian R1T are looking particularly good right now, with 2024 models being the best deals available.

If you're in the market for a Rivian, there's no better time to lease an R1T than currently, as the prices are the lowest they've been.

Lease terms for the 2025 Rivian R1S are just okay, but if you're set on leasing one, it's still worth considering.

The Rivian R1T leasing program is available in several states across the US.

Arizona is one of the states where you can lease a Rivian R1T.

California is another state where leasing is available.

Colorado, Florida, and Georgia are also part of the initial rollout.

In Massachusetts, you can lease a Rivian R1T too.

Michigan and Missouri are also on the list.

New Jersey and New York are two more states where leasing is an option.

Nevada and Pennsylvania are also part of the initial leasing program.

Texas and Washington round out the list of states where you can lease a Rivian R1T.

Here is a list of the states where leasing is available:

Drivers have been requesting a leasing option from Rivian, and it's likely that many people will take advantage of this new way to pay for a Rivian R1T, especially since the electric SUV is Rivian's most popular model.

Rivian has said that leasing has been one of the most requested financing options, and with limited eligibility, this new option might just make owning a Rivian R1T more accessible to many people.

For more insights, see: Why Would Someone Lease a Car

The federal EV tax credit still works for lessees, and Rivian customers can save $7,500 using the government program, making electric vehicles an even more attractive option for drivers.

With Rivian's production forecast increasing to 54,000 units, it's clear that demand for the R1T is high, and leasing might just be the key to meeting that demand.

Rivian Lease Programs offer a potentially lower monthly payment compared to financing or paying cash. This can be a significant advantage for customers looking to drive a new Rivian without breaking the bank.

Leasing is limited to select configurations, including the R1T and R1S models. The R1T is currently the best option, with 2024 lease deals being the most competitive.

Customers can lease a Rivian for around $940 a month, with a 36-month contract and a mileage cap of 30,000 miles. This is for the R1T Adventure Package, which includes a Dual Motor Performance AWD configuration, Max battery pack, 21-inch wheels, and premium interior, wheel, and paint options.

The vehicle price before dealer options must be $102,800 to qualify for this monthly payment. This includes a $6,000 capitalized cost reduction, a $940 first monthly payment, and a $895 acquisition fee.

$7,835 is due at signing, comprising the capitalized cost reduction, first monthly payment, and acquisition fee. Not all customers will qualify for the $0 security deposit waiver.

A leased R1S can be delivered in one to two weeks, with monthly payments varying from around $1,070 to $1,260. This is still competitive with other electric vehicles on the market, such as the Tesla Model X, which costs around $1,324 a month with similar leasing terms.

To find eligible lease vehicles in your area, simply input your zip code on the Rivian website.

Discover more: Lease a Car Zero down

The lease process for Rivian cars can be straightforward, but it's essential to understand the fees involved.

The initial lease fee for a Rivian car typically ranges from $4,000 to $6,000, depending on the model and trim level.

You'll also need to pay a first-month payment, which is usually the same as the monthly lease payment.

Rivian's lease terms can range from 24 to 36 months, with the option to purchase the vehicle at the end of the lease.

There's also a disposition fee of $395, which is charged when you return the vehicle at the end of the lease.

Monthly lease payments for a Rivian car can vary significantly, from around $600 to over $1,000, depending on the model and trim level.

Check this out: How Does down Payment on a Car Lease Work

Leasing a Rivian can be a great option, especially if you're interested in taking advantage of the federal EV tax credit, which is worth up to $7,500. However, it's essential to understand the process of purchasing your leased vehicle early.

If you decide to buy out your Rivian lease early, you'll need to review your lease agreement, determine the buyout price, and finance the buyout. This process can be straightforward, but it's crucial to be aware of the steps involved. You may also want to consider whether putting money down on a lease makes sense if you plan to purchase the vehicle early.

Additional reading: What Is a Lease Buyout on a Car

Purchasing your Rivian early from a lease can provide several financial benefits, including capturing potential vehicle equity and avoiding mileage fees. You can also trade in another vehicle when acquiring your Rivian, which can help reduce your financial burden. To trade in effectively, consider trading in as a down payment, trading in when leasing, and getting a fair trade-in value.

Here are the three options you'll have when your lease is over:

If you decide to buy out your lease early, there are a few things to consider. Reviewing your lease agreement is the first step, as it outlines the terms and conditions of your lease.

Determining the buyout price is the next step, and this will be based on your lease agreement. Financing the buyout is also an important consideration, as you'll need to secure funding to cover the cost.

Purchasing your vehicle early can provide several financial benefits. Potential vehicle equity is one of the advantages, as you can capture the difference between the market value of your vehicle and its residual value.

Avoiding mileage fees is another benefit of purchasing early, as you won't have to worry about exceeding the mileage limits specified in your lease.

Worth a look: Car Lease Agreement California

Trading Another Vehicle can be a smart way to offset costs when acquiring a Rivian.

You can trade in your current vehicle as a down payment on your new Rivian, which can significantly reduce your financial burden.

Trading in a vehicle can also be done when leasing a Rivian, which can help lower your monthly payments.

To get a fair trade-in value, you'll want to research the market value of your vehicle and compare it to what the dealer is offering.

Here are the key steps to consider when trading in your vehicle:

If you're considering a Rivian lease, you may wonder if putting money down makes sense if you plan to buy the vehicle early. Leasing and down payments can be a complex issue, but here's what you need to consider: Leasing and Down Payments, Down Payments and Buyout Prices, and Financial Flexibility.

Leasing a Rivian can be a great option if you want a new vehicle every 2-3 years with the latest features. Lower monthly payments in some cases can also be a benefit of leasing, as mentioned in the benefits of leasing. You can also get a $7,500 cap cost reduction at time of purchase due to EV lease credit, which is a significant advantage.

Here's an interesting read: Whats the Difference between Leasing a Car and Financing

If you're trying to decide between financing and leasing, consider the following benefits of each option:

If you're considering leasing a Rivian with an option to buy early, you'll want to review your lease agreement carefully. This will give you a clear understanding of the terms and conditions of your lease.

To determine if putting money down makes sense, consider the following: Leasing and Down Payments. Leasing typically doesn't require a down payment, but if you do put one down, it may affect your buyout price.

If you plan to buy out your Rivian lease early, you'll need to review your lease agreement first. Determining the buyout price is a crucial step in the process.

You'll also need to consider how you'll finance the buyout. This could impact your financial flexibility, especially if you're not prepared for the upfront costs.

Here are some key points to keep in mind:

It's essential to weigh the pros and cons of putting money down on a lease if you plan to buy the vehicle early. This will help you make an informed decision that suits your financial situation.

If you're trying to decide between financing and leasing a Rivian, it's essential to consider the benefits of each option.

Financing allows you to accumulate mileage at your discretion and trade in or sell your vehicle whenever you'd like.

Leasing offers the convenience of driving a brand new vehicle that remains under warranty during your lease term.

You'll also get a new vehicle every 2-3 years with the latest features, and in some cases, lower monthly payments.

One significant advantage of leasing is the $7,500 cap cost reduction at time of purchase due to the EV lease credit – no application required.

To help you make a decision, here's a quick comparison of the two options:

Ultimately, the decision between financing and leasing is a personal and situational choice.