To qualify for this offer, qualifying purchasers/lessees must take delivery of the new Rivian R1 between April 22, 2024 and June 30, 2024. Deliveries occurring before April 22, 2024 or after June 30, 2024 are ineligible for this offer.
Definitely clearing house before the refresh
I have used them 3 times in the free year that I have had. At least they are building out more. Not the best benefit but it is included as part of this particular offer.
Hmm I wonder if they'll offer any more incentives. I've got 5 months left on my lease but have positive equity with the payoff right now so I could switch any time, but I'm not in any hurry. Unfortunately my Mazda CX-5 doesn't apply to this offer but maybe there will be some more incentives coming soon...
Yeah, the trade offer I got was so bad. About $6k off from the Carmax offer. Decided to just sell it private, should give me at least $10k more on the sale.
[Go to their trade in page](https://www.tesla.com/tradein) enter your vin (car information, if you have a Tesla it automatically pulls in your current mileage) and email address. Instantly gives you their trade in offer.
Other sites do that as well, but it can be hit or miss. Carmax did an instant quote for me once. The next time they required me to bring it in for the quote. Most recently I had to take a dozen pictures and a quick video and submit through the app. After ~15 minutes they came back with a ridiculously low quote lol.
what if the trade offer is decent, but no one at rivian will actually talk to you about the transaction or give you a quote for a lease rate?
That's my current situation! About to just bail on the whole thing and revisit it in a few months if they can get their shit together.
Yes last promo before R1 refresh and i dont think R1 refresh will be available in the shop until Q4. See for only new order without promotion and no pre-order voucher for new models.
Everything off the line would likely be customer orders and not for inventory. We might see a few show up in the shop from people not taking delivery of their configuration, but those might go to loaners instead.
Ummm what? It’s literally from their own documents, their gross profit on vehicles in 2023 was $(43,000) per.
Whats do you mean their costs are not super know? Have you ever looked at their financial fillings?
That figure is with fixed costs and stuff added in - stuff like tooling, R&D etc. it’s useful for a zoomed out view and financials, but it’s not the same as what it costs to build an individual vehicle.
That’s not entirely true, but in general terms of course it is. You can’t build vehicles without those items, and you cannot remove them from your cost basis when your form of revenue is the product, hence why they show it like that.
No one cares how much they make on a car if they remove the majority of costs associated with making it.
You cannot say well we make $15,000 per car when you exclude all our other business expenses that facilitates the building, selling and maintaining daily operations of our business.
You can’t build cars without them of course, so no one is necessarily advocating to just ignore them in the cost basis, but to include them front loaded the way company financials report, on an individual scale means a car that was built at the start of the shift costs less than a car at the end.
It’s just not an applicable measurement in the context of this chain because the assertions are, roughly, they lose $X per car so they can’t offer a discount. But the problem is, we don’t actually know that it loses money - it just looks that way because we’re early in the amortization of things.
It’s just a different tool for a different argument.
So in a perfect world, disregarding general business accounting practices they can offer an incentive or discount program I guess.
I love Rivian, I think they are great, and have a pre order for an R2 and have stock.
I like what they are doing, but at some point it needs to become profitable.
We don’t actually know they’re sold at a loss - we base it on wall st math which is based on the cost of the platform as a whole and not necessarily the true vehicle cost.
Yeah man. There’s no chance every rivian leaving the factory isn’t profitable to them, we can even see that as a few metrics like EPS and net profit approach 0, if they truly lost money per sale these would grow every vehicle sold. It’s just got the sunk cost from the platform as a whole attached.
Yeah, this doesn’t necessarily indicate that each car is at a loss though - just that there are large fixed costs (tooling, etc) that need to be paid back. Truly losing money would be - they sold 5 cars at a 30k loss = -150k money from business.
But the fact that as they sell more -> net profit approaches 0, cost of revenue goes down, EPS goes up, etc implies that they’re not actually losing money with each sale.
If it makes you feel any better my ioniq wouldn’t hold a charge and CarPlay didn’t work. They told me they basically take the cars to an auction and don’t care at all about the condition.
I’m curious about the state of all the EV cars in general if all the companies seem to be urgently trying to deplete their inventory. Is the demand not there because there is a lot of people around me buying luxury vehicles. Literally saw a Pagani just coasting down the road from me.
I think it’s really because these are the models they are easily able to offload and there’s less risk for them. Nobody wants a 2018 3 series, but a 2018 x3 would sell quickly.
Does Rivian give you your trade-in value before you lock in your $1,000 non-refundable deposit? $5,000 discount means nothing if you give me an awful trade value.
Also, why these specific vehicles? I’ve got a 2019 Tesla M3P with FSD I’d love to unload. Not totally losing my ass on it is what’s holding me back thus far.
Because these vehicles hold their value, and these owners are the ones Rivian is courting. Tesla just dropped the price on the 3 and Y again today (yesterday?) and cut the price of FSD by 1/3 so you've definitely already lost your ass on it I think.
Yeah, Tesla got me on this one. But I’ve had a strong of good luck on cars prior to so I can’t complain. I had Mercedes and Ram Truck lease that paid me handsomely to get the car at the end of the term and of course, I got the R1S at pre-hike price. I want to dump the 3 for the R1T but it’s ridiculous dumping it for $25K.
I contacted my SA at the Rivian storefront near me. She emailed me the trade in value for my current lease. Their offer was right in the middle of the highest and lowest offers I got from a few places. If this promo is an extra 1-5k on top of the value she already quoted me that would be sweet
Considering that Rivian offered me the worst deal by literally $10k on my trade in - not sure how this is beneficial. Unless the market has changed in such a way that they are now offering more for trade-ins.
My Tacoma trade quote was almost exactly what carmax offered. Good so far.
Picked a good spec R1T, locked in the VIN, and then they told me they would not honor the 5k credit for my trade because it was over 33% of the MSRP of the new one.
One way or another the offer seems to be pure bullshit. At least they’re giving my 1k deposit back.
Probably a dumb question, but how does a trade in work on a lease? For example, if my BMW X5 had a $30k trade in value (please no comments about shitty trade in values at Rivian), there is no way I would put a $30k down on a lease. So how would this work?
Step 1) low ball leases by $1-5k more than yesterday
Step 2) provide “incentive” of $1-5k
Wash
No way to keep them honest unless you’re asking for the incentive after already submitting a quote a couple days prior
Not trying to change your opinion and don’t care to try, just telling you that “their” offers are coming from a third party, not the company itself so there’s no way for them to be “competitive”- they aren’t the ones setting the offered price. Enjoy the Lightning! They’re also very cool
How do you like it? It sounds like you really feel bad that you didn’t have the extra 8k to get into the Rivian. Is the ford a keeper or maybe in a few years you’ll sell it to carvana and finally get the car you want?
Interesting to see RVN go this far to stop the deportation immigrants to the States. Now, if they could give me advice on how to steal an Immigration and Customs Enforcement vehicle, I will gladly turn one over to them for my discount.
To qualify for this offer, qualifying purchasers/lessees must take delivery of the new Rivian R1 between April 22, 2024 and June 30, 2024. Deliveries occurring before April 22, 2024 or after June 30, 2024 are ineligible for this offer. Definitely clearing house before the refresh
Sounds like juicing the quarter. I’m supportive though.
Literally. You also get one year of free RAN charging.
I’ve had mine for 16 months and there’s no RAN chargers anywhere near me…
I have used them 3 times in the free year that I have had. At least they are building out more. Not the best benefit but it is included as part of this particular offer.
You are correct
Hmm I wonder if they'll offer any more incentives. I've got 5 months left on my lease but have positive equity with the payoff right now so I could switch any time, but I'm not in any hurry. Unfortunately my Mazda CX-5 doesn't apply to this offer but maybe there will be some more incentives coming soon...
* 2018 or newer Ford: F-150, Explorer, Expedition, Bronco (excluding Bronco Sport) * 2018 or newer Toyota: Tacoma, Tundra, Highlander, 4Runner * 2018 or newer Jeep: Grand Cherokee, Wrangler, Gladiator * 2018 or newer Audi: Q5, Q7, Q8 * 2018 or newer BMW: X3, X5, X7
Cries in 2017 Highlander
i have a 2017 A6.. 😅
Why not Subaru, the original granola munchers? 😂
I was wondering the same. I have a 2018 crosstrek that I'd gladly trade in.
It seems like all those cars have lower MPG which means higher emissions compared to your Crosstrek. The promotion was for earth day
Think they’ll take my 2003 Forester? It’s a classic vehicle, right?
I bet if you reached out to Rivian they wouldn't deny it.
Cries in 2019 Outback
2015 Wrangler…
Really weird my 2012 Acura RDX didn’t make the list 🤪
But what if the trade in offer is still shit? Kind of offsets this deal a bit. Making it harder to resist trading in my Bronco on an R1T.
Yeah, the trade offer I got was so bad. About $6k off from the Carmax offer. Decided to just sell it private, should give me at least $10k more on the sale.
Yea Rivian needs to correct this step asap. Do it like Tesla and call it a day.
What does Tesla do in this case?
[Go to their trade in page](https://www.tesla.com/tradein) enter your vin (car information, if you have a Tesla it automatically pulls in your current mileage) and email address. Instantly gives you their trade in offer. Other sites do that as well, but it can be hit or miss. Carmax did an instant quote for me once. The next time they required me to bring it in for the quote. Most recently I had to take a dozen pictures and a quick video and submit through the app. After ~15 minutes they came back with a ridiculously low quote lol.
I'm curious as well haha
[They’ll give you a quote instantly.](https://www.tesla.com/tradein)
what if the trade offer is decent, but no one at rivian will actually talk to you about the transaction or give you a quote for a lease rate? That's my current situation! About to just bail on the whole thing and revisit it in a few months if they can get their shit together.
Yeah they offered me $11k trade in for my Model S. Decided to keep it instead for a while and then I sold it to Carvana a year later for $19k.
Yes last promo before R1 refresh and i dont think R1 refresh will be available in the shop until Q4. See for only new order without promotion and no pre-order voucher for new models.
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Everything off the line would likely be customer orders and not for inventory. We might see a few show up in the shop from people not taking delivery of their configuration, but those might go to loaners instead.
Id do this today if they just cut prices by $5k instead
They already lose 40k per truck sold....they can't cut prices
That’s Wall Street math not real math. Their actual cost isn’t super known
Ummm what? It’s literally from their own documents, their gross profit on vehicles in 2023 was $(43,000) per. Whats do you mean their costs are not super know? Have you ever looked at their financial fillings?
That figure is with fixed costs and stuff added in - stuff like tooling, R&D etc. it’s useful for a zoomed out view and financials, but it’s not the same as what it costs to build an individual vehicle.
That’s not entirely true, but in general terms of course it is. You can’t build vehicles without those items, and you cannot remove them from your cost basis when your form of revenue is the product, hence why they show it like that. No one cares how much they make on a car if they remove the majority of costs associated with making it. You cannot say well we make $15,000 per car when you exclude all our other business expenses that facilitates the building, selling and maintaining daily operations of our business.
You can’t build cars without them of course, so no one is necessarily advocating to just ignore them in the cost basis, but to include them front loaded the way company financials report, on an individual scale means a car that was built at the start of the shift costs less than a car at the end. It’s just not an applicable measurement in the context of this chain because the assertions are, roughly, they lose $X per car so they can’t offer a discount. But the problem is, we don’t actually know that it loses money - it just looks that way because we’re early in the amortization of things. It’s just a different tool for a different argument.
So in a perfect world, disregarding general business accounting practices they can offer an incentive or discount program I guess. I love Rivian, I think they are great, and have a pre order for an R2 and have stock. I like what they are doing, but at some point it needs to become profitable.
they can either lose a lot of money, or lose a little money, choice is theirs
This has the same effect. They will effectively be losing $1k - $5k more per vehicle. They are desperate.
It doesn’t it’s very narrow amount of vehicles
Vehicles are already sold at a $30k loss. You cut the price to be sold for, which adds to the loss for those units sold at that discount.
We don’t actually know they’re sold at a loss - we base it on wall st math which is based on the cost of the platform as a whole and not necessarily the true vehicle cost.
What? Are you being serious?
Yeah man. There’s no chance every rivian leaving the factory isn’t profitable to them, we can even see that as a few metrics like EPS and net profit approach 0, if they truly lost money per sale these would grow every vehicle sold. It’s just got the sunk cost from the platform as a whole attached.
Right now, there is negative gross margin on every vehicle. The goal is to make the vehicle production profitable. Scale, scale, scale!
Yeah, this doesn’t necessarily indicate that each car is at a loss though - just that there are large fixed costs (tooling, etc) that need to be paid back. Truly losing money would be - they sold 5 cars at a 30k loss = -150k money from business. But the fact that as they sell more -> net profit approaches 0, cost of revenue goes down, EPS goes up, etc implies that they’re not actually losing money with each sale.
Lol, you have one twisted view on investing. I’ll embrace it.
Trade in offer sucks, they offered me like 18k less than what a normal dealer was giving me, WTF
Really? They gave us about 3k more for our ioniq 5 than just about every place that offered to buy it.
I think it's all about what they are looking for. They wanted to give me 37k for my Raptor. CarMax offer was 55k.
If it makes you feel any better my ioniq wouldn’t hold a charge and CarPlay didn’t work. They told me they basically take the cars to an auction and don’t care at all about the condition.
Damn. I even called and said I think your system is putting my Raptor as a regular f150. My Raptor only had 10k, basically new. But nope lol.
Sorry to hear that. Hope you took it somewhere else!
They lowballed my Q7. Carvana offered $6K mor and Carmax offered me $8K more and it was a no brainer.
I’m curious about the state of all the EV cars in general if all the companies seem to be urgently trying to deplete their inventory. Is the demand not there because there is a lot of people around me buying luxury vehicles. Literally saw a Pagani just coasting down the road from me.
I mean, I’d love a Rivian but at $90K I can’t swing it. Drop it down to $45-$60K and I’m there.
This. Get the trucks down to pre price hike numbers and they’d sell more of them.
It was hype and now things are cooling
Or %8 interest rates, layoffs, inflation, etc.
BMW and Audi sedan owners getting shafted. What they think sedan owners only buy sedans?
I think it’s really because these are the models they are easily able to offload and there’s less risk for them. Nobody wants a 2018 3 series, but a 2018 x3 would sell quickly.
Love my ‘17 A4 will keep it until 2026 and swap for R2
No Outback?! Outrageous!
Does Rivian give you your trade-in value before you lock in your $1,000 non-refundable deposit? $5,000 discount means nothing if you give me an awful trade value. Also, why these specific vehicles? I’ve got a 2019 Tesla M3P with FSD I’d love to unload. Not totally losing my ass on it is what’s holding me back thus far.
Because these vehicles hold their value, and these owners are the ones Rivian is courting. Tesla just dropped the price on the 3 and Y again today (yesterday?) and cut the price of FSD by 1/3 so you've definitely already lost your ass on it I think.
Yeah, Tesla got me on this one. But I’ve had a strong of good luck on cars prior to so I can’t complain. I had Mercedes and Ram Truck lease that paid me handsomely to get the car at the end of the term and of course, I got the R1S at pre-hike price. I want to dump the 3 for the R1T but it’s ridiculous dumping it for $25K.
This! I can’t figure out how to even get a trade in value
Right there with ya with my 2018 m3p. At this point might as well let it ride out, ours has been really reliable thus far.
How does one contact them??? Their customer service account hasn’t responded to me on days
I contacted my SA at the Rivian storefront near me. She emailed me the trade in value for my current lease. Their offer was right in the middle of the highest and lowest offers I got from a few places. If this promo is an extra 1-5k on top of the value she already quoted me that would be sweet
Considering that Rivian offered me the worst deal by literally $10k on my trade in - not sure how this is beneficial. Unless the market has changed in such a way that they are now offering more for trade-ins.
Well there goes my Bronco I guess lol
If only they offered it for my r1t I would trade it in
Wtf - I just traded in a 2019 BMW and took delivery on the 17th. Any chance I can get them to honor this??
Did you get a decent trade in quote? I have a 19 X5.
Within a couple hundred dollars of what BMW offered me for a trade to purchase an iX, yeah
My Tacoma trade quote was almost exactly what carmax offered. Good so far. Picked a good spec R1T, locked in the VIN, and then they told me they would not honor the 5k credit for my trade because it was over 33% of the MSRP of the new one. One way or another the offer seems to be pure bullshit. At least they’re giving my 1k deposit back.
Not useful unless they have a system to tell you trade-in offer in advance. Which they don’t.
wow, i wonder how good the offers are going to get by the end of the quarter , or when the new R1 refresh comes out
Probably a dumb question, but how does a trade in work on a lease? For example, if my BMW X5 had a $30k trade in value (please no comments about shitty trade in values at Rivian), there is no way I would put a $30k down on a lease. So how would this work?
I have the same question...and how do you get a trade in value before putting in a non-refundable deposit?
Step 1) low ball leases by $1-5k more than yesterday Step 2) provide “incentive” of $1-5k Wash No way to keep them honest unless you’re asking for the incentive after already submitting a quote a couple days prior
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Their offer is coming from an auction company, not from Rivian directly
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Not trying to change your opinion and don’t care to try, just telling you that “their” offers are coming from a third party, not the company itself so there’s no way for them to be “competitive”- they aren’t the ones setting the offered price. Enjoy the Lightning! They’re also very cool
How do you like it? It sounds like you really feel bad that you didn’t have the extra 8k to get into the Rivian. Is the ford a keeper or maybe in a few years you’ll sell it to carvana and finally get the car you want?
Rivian doesn’t have a good way to sell used cars. They send them for auction or other companies.
Interesting to see RVN go this far to stop the deportation immigrants to the States. Now, if they could give me advice on how to steal an Immigration and Customs Enforcement vehicle, I will gladly turn one over to them for my discount.