Rivian R1S lease trap nobody talks about #rivian #leasing #carbuying
Which option do you think is smarter, buying or leasing? Next, let’s look at an electric vehicle where it can often be a better financial decision to lease. Let’s look at something completely different. The 2025 Rivian allect electric SUV. The price for this model starts at $75,900. So, once again, here’s my question. Which option do you think is smarter? Buying or leasing? Let’s run the numbers. Option A, buying, you put 20% down, about 15,200. You finance the rest over 72 months at 2.99% APR. That’s a special offer. That gives you a monthly payment of $922. Charging costs are about $125 a month. Now, let’s add on maintenance and repairs and insurance and fees. After 6 years, you own it, but the resale value is estimated at $35,000. In total, buying and keeping this SUV for six years will cost you $117,883. If you decide to sell it, your total cost will go down to $82,883. Now, let’s look at option B, leasing. [music] Rivian’s current lease offer, $89 a month for 36 months. $8,700 due at signing. This is like a down payment. and that includes a $7,500 EV lease credit and $5,000 lease incentive. [music] Now, for the second lease here, I’m going to be realistic. We’re probably not going to get the same deal again. So, I’m going to add $4,000 upfront for lease number two. Also, no EV credit this time. No big rebate, just the standard costs you would expect. As you can tell, I want to be conservative in my calculations. Charging costs and insurance are the same. Maintenance is zero because the SUV is under warranty. With leasing the same Rivian SUV [music] backto back, you will end up spending at least $111,456. [music] So, what’s the 6-year total cost comparison? Again, I’ve simplified and generalized some of these costs, [music] but in this case, buying still wins if you’re able to sell your car and make some of the money back, as long as Rivian’s interest rates stay where they Run.
This video provides an in-depth `review` of the financial implications of buying versus leasing an `electric car`, focusing on the 2025 Rivian R1S. We conduct a detailed `comparison video` of costs associated with both options for `electric vehicles`, such as down payments and monthly expenses. This `automotive` analysis aims to help you decide on `car lease deals` or purchases.
