Rivian Revs Up Options: Now Lease R1S SUV Alongside R1T Truck
Portfolio Pulse from Anan Ashraf
Rivian Automotive Inc (NASDAQ:RIVN) has expanded its leasing program to include the R1S SUV, in addition to the R1T electric truck. The R1S can be leased for 36 months at $1,169 per month in select states. The leasing program began with the R1T in November and requires an upfront payment including a $7,000 down payment, first monthly payment, an acquisition fee, and other charges.
January 18, 2024 | 6:30 am
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Rivian has introduced leasing for the R1S SUV, potentially increasing its consumer appeal and market penetration. This expansion follows the R1T truck leasing program and could positively influence sales volume.
The introduction of leasing options for the R1S SUV by Rivian is likely to make the vehicle more accessible to a broader range of consumers, which could lead to increased sales and positive sentiment in the short term. The leasing option also aligns with consumer trends towards flexible ownership models in the automotive industry.
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