Rivian Offers Deep Discounts on R1T Leases

Chris Teague
by Chris Teague

Rivian’s vehicles might be popular and offer cool features, but they’re far from affordable. That will change, at least for lessees, for a little while, as the automaker is offering deep discounts on some models.


The R1T’s lease prices go as low as $559, making it less expensive monthly than some full-size gas models. That price includes $7,500 in lease cash and applies to the R1T Standard Adventure Package truck. It also requires a $7,454 down payment to start the 36-month lease. It’s worth noting that the company does not offer leases in all states, including here in Maine.

Rivian is far from the only automaker implementing lease discounts to drive business. Hyundai, Kia, General Motors, and Ford have all offered price cuts in recent months. That said, the others sell gas vehicles and hybrids that can bolster their bottom lines as EV demand grows more slowly than hoped.


Rivian has also offered trade-in incentives to owners of competitive gas vehicles to drive sales, but it will be a while before its new platform arrives, bringing smaller, more affordable models to its catalog. Despite layoffs, the situation isn’t bleak for the automaker yet, though 2024 will be a pivotal year.

Even with layoffs, life at Rivian appears to be slightly less hectic than at Tesla, which has had enough rollercoaster ups and downs in recent months to make anyone’s head spin. The company recently fired its entire Supercharger staff, only to rehire them shortly after, and there’s no telling where its Robotaxi or affordable EV plans will lead this year into next.


[Images: Rivian]


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Chris Teague
Chris Teague

Chris grew up in, under, and around cars, but took the long way around to becoming an automotive writer. After a career in technology consulting and a trip through business school, Chris began writing about the automotive industry as a way to reconnect with his passion and get behind the wheel of a new car every week. He focuses on taking complex industry stories and making them digestible by any reader. Just don’t expect him to stay away from high-mileage Porsches.

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  • 3SpeedAutomatic 3SpeedAutomatic on May 22, 2024

    Better to have cash in hand as opposed to a vehicle sitting on a dealer lot absorbing capital.

    Therefore, the $7500 is a way to get some immediate cash from the vehicle. The steady $559 is another stream of cash over an extend period of time. I'm sure Rivian will immediately sell/factor these leases to a financial firm for discounted cash upfront. Such arrangements hurt a manufacturer in the long run, but the EV manufactures (both legacy and nouveau) are running scared for cash due to the plateau in sales. 🚗🚗🚗

  • Jkross22 Jkross22 on May 22, 2024

    All in this lease is $810-840/month after tax. Not horrible but by no means is this a deal. It's also a 30k mile lease, meaning you'll likely be paying more at the end for the extra miles plus the $500 disposition fee.


    So it's about 30 grand for the 3 years. No gracias.

  • TheMrFreeze JD Power's surveys mean nothing to me. We live in an age where we have unprecedented access to actual, relevant data, and by that I mean working mechanics who see all of these cars up close and are willing to share what's good and what's crap. The wife drives a Fiat 500...had I listened to JD Power or Consumer Reports or whatnot we never would have bought one, but more than one mechanic I talked to said they were pretty reliable cars. Bought one, guess what...it's been reliable.
  • Akear Mary Barra has little or no feel for the market. This is yet another reason why GM will perform better when she retires. Barra's track record at GM is about as good as Biden debate performance last week.
  • Peter Nissan should hire someone to explain basic economics to their Board of Directors.
  • Jeff China now has the manufacturing capacity to produce 1/3 of the World's vehicles but under the current geopolitical environment this will not happen. As someone above stated all bets are off if China invades Taiwan. What many don't understand is that China plans for the long term and can wait it out till the geopolitical environment becomes less hostile toward China. I am not endorsing Chinese trade just stating that China is preparing for the future.
  • 3-On-The-Tree Im glad it was fixed in time that would’ve been a huge pain and inconvenience to you if it had broke. My 2009 C6 Corvette LS3 has been great with no recalls. My 1985 Toyota Land Cruiser FJ60 actually had a recall for the gas tank and seat belt warning stickers about 10 years go and Toyota fixed it, got a new tank, fuel lines and stickers.
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