Rivian Opens Leasing Program In 14 States
Until now, the only way to buy a Rivian R1T was to buy a Rivian R1T. Whether buyers paid in cash or financed, the company did not offer a lease for its popular electric truck. Now, a total of 14 states will serve as the basis for the company’s new leasing program. Buyers can choose from 24 or 36-month lease terms. Moreover, the $7,500 federal EV tax credit still applies, netting buyers further savings on their lease.
Those 14 states are as follows: Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. Rivian’s website now features a tool that allows customers to personalize their lease terms, but only for existing inventory- the option to lease a custom-built truck isn’t available. Our preferred R1T spec leased for 24 months (10,000 miles annually) in Colorado would run a buyer with good credit (700-739) and $5,000 down $875 per month.
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Chase is an automotive journalist with years of experience in the industry. He writes for outlets like Edmunds and AutoGuide, among many others. When not writing, Chase is in front of the camera over at The Overrun, his YouTube channel run alongside his friend and co-host Jobe Teehan. If he's not writing reviews of the latest in cars or producing industry coverage, Chase is at home in the driver's seat of his own (usually German) sports cars.
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