Rivian lease payments increased sharply for July
Rivian just dropped its July programs, and lease payments went up across the R1S and R1T lineup. The dual-motor R1S jumped from $139 to $189 a month, while the tri-motor climbed another $100 and the quad-motor added roughly $60. On the R1T side, dual-motor leases rose $50, tri-motor payments increased $100, and the quad-motor hit over $2,049 monthly.
These changes hit right after Rivian released its new interest rate offers. Select R1 models now start at 1.99 percent, with other new R1s at 2.99 percent. No Rivian R2 incentives exist because the vehicle is still brand new, and that pattern usually holds until demand softens later in the year.
What this means for Tesla owners
If you're thinking about selling your EV to buy Rivian, the higher payments make timing important. Many owners are watching current Model Y incentives that still sit at 0 to 0.99 percent while waiting to see what happens with any future Model Y variants. The Rivian R2 order timelines now live post shows how early R2 buyers are already locked in without discounts.
Bottom line
Rivian R1S R1T incentives July came with clear price hikes, and Rivian interest rate offers 2026 remain the only real lever for new buyers. Rivian R2 no incentives is expected at this stage. If you're planning to sell EV to buy Rivian, Plug Motors — get an instant offer to sell your Tesla or EV can get you a competitive quote fast.
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