Rivian R1T Leasing Starts In Select Districts: Here's How Much It'll Cost You
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has started leasing its R1T electric trucks in select states with monthly payments starting at $782. The lease requires a $5,000 down payment, first month's payment, a $895 acquisition fee, and additional taxes and fees. Delivery times range from 1-6 weeks for inventory vehicles, while custom-built trucks take about 4 months. The $7,500 federal tax credit for electric vehicles is applicable to the lease.
November 28, 2023 | 9:41 am
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Rivian has launched leasing options for its R1T electric truck in select states, with competitive monthly rates and the benefit of a federal tax credit, potentially increasing its market reach and sales.
The introduction of a leasing program for Rivian's R1T electric truck is likely to have a positive short-term impact on the company's stock price. Leasing options can make the R1T more accessible to a broader range of customers, potentially increasing sales volume. The availability of the federal tax credit as part of the lease offer enhances the attractiveness of the deal, which could further drive demand. The impact is considered significant due to the direct relation to Rivian's product offering and sales strategy.
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