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Rivian has started a leasing program in 14 US states. The EV maker added the new financing option to its on Monday ( Electrek), allowing customers to lease for estimated prices starting at around $770 monthly (depending on your region). Since vehicle leases are categorized differently from purchases under the , lessees qualify for the full $7,500 federal tax credit for electric vehicles.
The leasing program will be available to customers in Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. “We chose these launch states based on many factors including where our customers are located and where leasing is most popular,” a Rivian spokesperson in an email to CNBC. Rivian told the outlet it plans to expand the program’s available states and vehicle models, but it didn’t offer a timeline or further details. It’s reportedly working with Chase for financing.
Although the Rivian R1T , the leasing program currently only includes higher-end models hovering around $90,000. For example, when entering a Denver zip code, the automaker’s online configurator estimated prices from $87,000 to $91,000 with monthly payments in the $782 to $835 range. So, although the federal tax credits can make signing off on a new electric truck more manageable, it’s still limited to buyers with at least fairly deep pockets.
Rivian its production forecast for the entire year by 2,000 vehicles earlier this month. It now expects to move 54,000 units by the end of the year as it prepares for the of the .
This article originally appeared on Engadget at
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The leasing program will be available to customers in Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas and Washington. “We chose these launch states based on many factors including where our customers are located and where leasing is most popular,” a Rivian spokesperson in an email to CNBC. Rivian told the outlet it plans to expand the program’s available states and vehicle models, but it didn’t offer a timeline or further details. It’s reportedly working with Chase for financing.
Although the Rivian R1T , the leasing program currently only includes higher-end models hovering around $90,000. For example, when entering a Denver zip code, the automaker’s online configurator estimated prices from $87,000 to $91,000 with monthly payments in the $782 to $835 range. So, although the federal tax credits can make signing off on a new electric truck more manageable, it’s still limited to buyers with at least fairly deep pockets.
Rivian its production forecast for the entire year by 2,000 vehicles earlier this month. It now expects to move 54,000 units by the end of the year as it prepares for the of the .
This article originally appeared on Engadget at
Console Bang News!