Hey everyone, DennisCW here! If you're in the market for an electric vehicle, Rivian just dropped an exciting limited-time offer that's worth checking out. In my latest video, I broke down this new lease deal, and I wanted to share the details here on the blog for those who prefer reading. Let's dive in and see if this could be the push you need to go electric.
Rivian is now offering a 36-month lease on their 2025 Dual Standard R1S and R1T models starting at just $649 per month. That's a pretty aggressive price point, especially when you factor in the $7,500 lease credit that's baked right into the deal. The best part? Unlike some incentives that have income restrictions or other qualifiers, everyone qualifies for this lease credit when you go the leasing route with Rivian.
This move comes at a critical time for Rivian, as they're facing a bit of a deadline crunch—similar to what we've seen with Tesla. With Rivian, the $7,500 tax credit is only available through leasing right now, whereas Tesla offers it on purchases, financing, or leases for models like the Model 3 and Model Y. It's interesting to note that Rivian isn't going all-in on aggression just yet. I've seen even lower lease payments in the past, so maybe they're holding back some bigger incentives for later in the quarter—perhaps at the end of Q3 in September.
As we head into August (which is basically here already), it's clear that EV manufacturers are playing a strategic game with incentives. They're releasing them sparingly to boost sales when it counts most. What do you think? Is this deal tempting enough, or are you waiting for something even better? Drop your thoughts in the comments below!
Rivian's approach highlights the broader challenges in the EV market. Tesla has more flexibility with their incentives, allowing buyers to snag that $7,500 credit through multiple paths. Rivian, on the other hand, is lease-only for now, which might limit options for some folks who prefer to own outright. Still, at $649 a month, this could make Rivian's adventure-ready trucks and SUVs more accessible to a wider audience.
If you're already a Tesla owner or thinking about one, remember that these deals are time-sensitive. The EV landscape is evolving fast, and incentives like these can disappear or change overnight.
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Rivian's $649/month lease is a solid entry point for anyone eyeing the R1S or R1T, especially with that guaranteed $7,500 credit. It's a sign of the competitive EV market heating up, and I'm curious to see how incentives evolve in the coming months. If you're shopping for an EV, now might be the time to act.
What are your thoughts on this deal? Are you team Rivian, Tesla, or something else? Let me know in the comments, and don't forget to like, subscribe, and hit that notification bell for more EV updates. Thanks for reading—catch you in the next post!
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Tesla enthusiast and EV expert. Sharing tips on maximizing your Tesla ownership experience.