Rivian notes that for customers to get a $940 monthly payment, the vehicle price (before dealer options) must be $102,800, made up of the Dual Motor Performance AWD configuration, Max battery pack, 21-inch wheels, and premium interior, wheel, and paint options.
$7,835 is due at signing, comprising a $6,000 capitalized cost reduction, a $940 first monthly payment, and a $895 acquisition fee. There’s a $0 security deposit, but Rivian notes not all customers will qualify for this waiver.
Leasing is only available for select configurations. All interested customers must do is input their zip codes to find eligible lease vehicles in their area. We looked in several states and found that a leased R1S can be delivered in one to two weeks, with monthly payments varying from around $1,070 to $1,260.
It’s worth noting that a Tesla Model X (offering seven seats) will cost around $1,324 a month with similar leasing terms.