Discounted 2023 Rivian R1T Lease Options with Federal EV Tax Credit Explained

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Discounted 2023 Rivian R1T Lease Options with Federal EV Tax Credit Explained
Discounted 2023 Rivian R1T Lease Options with Federal EV Tax Credit Explained

The 2024 Rivian R1T boasts various drivetrain configurations to suit diverse consumer preferences. However, employee discounts are exclusively applicable to the 2023 R1T models equipped with either the Large 135-kWh or Max 149-kWh battery options, irrespective of the motor count.

Buyers of the 2023 R1T with the Large battery pack qualify for a discount of USD 6,000 or CAD 9,000, while those opting for the Max pack enjoy a discount of USD 7,250 or CAD 11,000, providing additional range capabilities.

To maximize benefits, buyers are encouraged to opt for financing or leasing, enabling Rivian to apply the full EV tax credit as an instant rebate, effectively reducing the vehicle’s cost. This strategy ensures customers receive the full $7,500 federal incentive, further enhancing savings.

In addition to employee referral discounts, Rivian offers specific lease promotions for the remaining 2023 models, potentially yielding better pricing options based on chosen configurations.

Discounted 2023 Rivian R1T Lease Options with Federal EV Tax Credit Explained
Discounted 2023 Rivian R1T Lease Options with Federal EV Tax Credit Explained

A satisfied customer on Reddit shared their leasing experience, securing a monthly payment of USD 466 over 36 months with zero down payment and a mileage limit of 10,000 miles annually. By leveraging various discounts and incentives, they obtained a significantly reduced price for their preferred R1T variant.

Despite the initial price tag, which includes the destination charge, customers can benefit from discounts totaling several thousand dollars, making ownership more accessible. Furthermore, Rivian offers a lease-to-own option, allowing lessees to purchase their vehicles at the end of the lease term, providing added flexibility and value.

Although figuring out the lease procedure can seem difficult, it’s an affordable way to become a part of the Rivian community. Prospective buyers are encouraged to act promptly, as offers are subject to expiration, with deliveries required by June 1 to qualify for special discounts. Additionally, inventory availability varies by region, necessitating diligence in securing preferred models.

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By Annie Linardos

I'm a journalist student and completed my masters in Journalism and Mass Communication. With a strong track record as an intern at Mathrubhumi News and The New Indian Express as a reporter and content writer, I'm creative, motivated, and have a keen eye for the truth and attempting to use the expertise and talents to contribute to the emerging field of journalism. I have also been working as a freelance writer and have the capability of producing interesting and bold articles.

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