2024 Rivian R1S | Should You Buy or Lease this Awesome SUV?

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The 2024 Rivian R1S Quad-Motor is an awesome electric SUV to lease!
In this video, we will go over the leasing terms of the 2024 Rivian R1S Quad-Motor. We’ll talk about the mileage allowance, the monthly payment, and dive into other details of this lease.
We will also talk about what makes this 2024 Rivian R1S Quad-Motor such a good lease deal in terms of value by using my 1.25% rule of leasing.
And then we’ll end this video comparing the monthly finance payments to the monthly lease payments on this beautiful 2024 Rivian R1S Quad-Motor.
And as always, let me know if you have any questions!
Would you lease this 2024 Rivian R1S Quad-Motor?
*This video is not financial advice, it is for educational and entertainment purposes only
DriveMatch Disclosure: This video is not a paid advertisement for DriveMatch. I'm a co-founder of DriveMatch and this video is intended to highlight the key benefits of DriveMatch.com
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0:00 Introduction
1:12 Rivian R1S Lease Analysis
5:33 1.25 Rule of Leasing
8:07 Lease Payments vs Finance Payments Comparison
10:12 EV Gas Savings & Closing Remarks

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Опубликовано:

25 июн 2024

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Комментарии : 25

@snlgiunt Месяц назад

Good stuff as usual. My question is, in this particular lease scenario, what would the residual value be? Is that something that is disclosed on the website or can you calculate it on your own ahead of time?

@flapflapflap Месяц назад

Clearly, you lease, especially if you are a high income earner. Incentives and money factor are too good. $7,500 credit is applied to the lease immediately. You do not have to worry about the company going bankrupt and in case you total the car, you can return it at end of lease. You can always buy the car out at the end of the lease term.

@Vamanos46 Месяц назад

As of April 2024,Genesis has a 13 month lease this month for the ELECTRIFIED models. Per Genesis offers website, Advanced trim of the gv70 Ev is 499/ month, 3999 down for 10k miles. 😮 I got 9500 cash back ("EV Lease Bonus") for the 13 months gv70 lease, now there is a 17500 cash back for the 36 month gv70 lease, cutting down another 100 LESS monthly compared to what I got. The Gv60 advanced is 469, gv60 Rwd is 379 (same 3999 down) but only max 11000 EV Lease Bonus from Genesis. As of early May 2024, Per Genesis offers website, Advanced trim of the gv70 Ev is still 499/ month, 3999 down for 10k miles. Only difference now is slightly higher 18000 cash back for the 36 month gv70 lease. .....OR ... .... Wait 1 year and you can get 10 % increase in battery capacity and EV range without any increase in weight in the gv60, gv70 or IONIQ5.

@oranbooker1356 9 дней назад

Great video, my big question is, I own a full size ICE SUV and I pay 1200 every six months for insurance. What is the cost insurance for the Rivian if you get insurance through Rivian?

@oury2442 Месяц назад

Not sure if this helps, but my kWh rate at home during off peak hours is around $0.04. I consumed just over 616 kWh's for April and it cost me just over $28 USD to charge my R1S. This did not include a few free charging sessions at work and public locations. 95% of the charging was at home. I hope this helps.

@guccisasha Месяц назад

Great point, even better, i have solar, and it cost me zero dollars to charge my Rivian at home.

@Grinch0521 Месяц назад

I just went through a R1T lease. You can expect your start up cost to be in the $3200-3500 range. Thats not including your down payment.

@RaviWadan Месяц назад

What was your total drive off costs? Including taxes, registration, acquisition fee, etc? Also, what state are you in? Thanks!

@Grinch0521 Месяц назад

@@RaviWadan $5200 and change. $1000.00 deposit when ordering, $1000 down and $3200 start up cost. About $600 tax for $7500 credit ,$550registration fee $900 acquisition fee, 350 doc fee, first month payment. I'm in Michigan. You add your state sales tax to the monthly payment estimate on the web site and its pretty spot on. Hope that helps someone.

@mst3rmind879 14 дней назад

@@Grinch0521 what is your monthly payment?

@kourtneyross9759 Месяц назад

I wonder what the lease deal will look like once the refresh comes out and at the toward the end of the year. I’d be more than happy to grab a left over 2024 lease deal December 2024. Thoughts ?

@RaviWadan Месяц назад

That’s a good point! There might be some extra incentives. But there are no guarantees as you probably know.

@kourtneyross9759 Месяц назад

@@RaviWadan I’m willing to roll the dice. I think they will have lots of 2024’s sitting around.

@hernangeles Месяц назад

With these kind of deals they have to be moving them fast. I mean they aren’t producing any more at the moment right? My Tesla lease is up in August, I already have my deposit down for an R1S and ideally, I get my hands on the refresh but I imagine those deals won’t be anywhere near as favorable. Selfishly hoping the refresh has minimal upgrades + more incentives on the 2024’s.

@flapflapflap Месяц назад

Inventory is drying up because lease terms are so attractive. Good luck finding any left over at year end.

@phil9005 Месяц назад

One point of contention, no Rivian is eligible for the full $7500 credit. Only some models even qualify for half that credit. Please correct if I'm (happily) wrong.

@RaviWadan Месяц назад

If you lease them, they all qualify for the full $7500. What you’re referring to is if you finance them. Hope that helps!

@Wittstock99 14 дней назад

Why do some states not allow leases?

@mst3rmind879 14 дней назад

some states believe leases are "woke"

@michaeljorris6205 Месяц назад

I don’t think u should ever but money down on a lease. Never get that back!!

@gotDIBS Месяц назад

Who's getting plus 1k month loans 😮 not me

@wandervingjews7520 11 дней назад

Why is buying outright not part of your calculation? No payments, no interest, and you own the car. At the end of a lease you have no equity and you have to give it back (unless you buy it out). If you finance it, then most ppl will end up rolling the loan into their next car and juts you going further in the hole. Some ppl may be able to deduct the payments on their taxes, but not everyone. And even for those that can, it doesn’t necessarily offset the costs.

@vvattup Месяц назад

Lease. No guarantee company will survive. Ownership is risky at this point.

@Japplesnap Месяц назад

This is not a fullsize SUV. It's midsize. Big difference....

@MrProy33 Месяц назад

Neither, inless you like being laughed at. Not kidding. I see more people laughing and shaking their heads when they see a rivian than any other response. I live in farm and ranch country, and we know our trucks out here... Rivian is almost as big a joke as the cybertruxk. And country folk don't lease trucks. We own them, we work them hard, we repair them. We don't give a hoot about 0-60 time because it's useless.