Rivian Axes Cheap $699 Lease: Prices Jump Ahead of R2 Launch?

Rivian Axes Cheap $699 Lease: Prices Jump Ahead of R2 Launch?

Hey everyone, DennisCW here! Big news from Rivian that's got everyone talking: they've killed off their cheapest lease option – the $699/month deal on a brand-new Rivian. Shoutout to Chris for spotting and sharing this first!

The Lease Price Shake-Up

Rivian's standard lease pricing has changed with the expiration of that sweet $699/month incentive. Here's the breakdown:

• R1S and R1T Standard Leases: Previously $749/month, now jumping to $899/month – that's a substantial increase!
• Other Models: No changes reported.

Why the hike? It could just be the incentive expiring, but I suspect there's more to it...

My Take: Clearing the Deck for the R2?

I bet Rivian is making room for the upcoming R2 leases. We know the R2 is launching soon, and it'll likely hit the market with aggressive pricing right out of the gate. My prediction? An $799/month lease for the R2 – attractive enough to draw in buyers, but still under the R1S/R1T rates to keep the lineup hierarchy intact.

Rivian needs to offer leasing options because it's popular, especially for EVs. This move positions them perfectly as the R2 ramps up production.

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What do you think? Are you holding out for the R2? Drop your thoughts in the comments – we're definitely waiting to see what deals pop up by year's end.

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Stay tuned for more EV updates. What Rivian move are you watching next? Let me know below! 🚀

DennisCW