While the Rivian R1T has been available for some time in some configurations, there has only been really one way to buy one. That is to say, you have to buy it. Either cash money or a loan was required to put Rivian’s electric truck in your driveway.
Launching today that changes, with Rivian offering leasing on the R1T. You have to live in either Arizona, California, Colorado, Florida, Georgia, Massachusetts, Michigan, Missouri, New Jersey, New York, Nevada, Pennsylvania, Texas, or Washington to participate. Rivian’s leasing site says that additional markets will be added in time.
All leases qualify for the $7,500 tax incentive, which is taken by Rivian and then applied as a capital cost reduction on your lease.
Some additional notes include that a lease does not qualify for Rivian’s 7-day, 1,000 miles return policy. At the end of your lease term you can return the vehicle to Rivian, but Rivian doesn’t say if you can sell it to someone other than Rivian.
Rivian says its leases start at $899 month, but since this author lives in Ohio, it’s not currently available.
