Rivian R1S: To Lease or Buy? Expert EV Dealer Offers Key Insights

Rivian R1S: Lease or Buy? An EV Dealer Weighs In The electric vehicle market is booming, and Rivian's R1S SUV is a popular choice. But with prices fluctuating and leasing options available, the decision of whether to lease or buy can be tough. One EV dealer in the US recently shared his insights on this very topic, offering valuable advice to potential buyers. "Would you lease a new R1S or buy a 2022 used for $60K?" he asked in a recent video. He then proceeded to discuss the complexities of the decision, considering the significant depreciation of electric vehicles in general and comparing Rivian's value retention to other brands like Tesla. He noted that "Rivians have held up dramatically better than Teslas." This observation is crucial for consumers considering the financial implications of their purchase. The dealer also discussed the tax advantages of buying for business owners. He highlighted that the R1S qualifies for certain tax write-offs, making it a more attractive option for some. However, he also acknowledged the importance of considering the battery range and overall price, advising consumers to weigh their priorities. Ultimately, the dealer's advice boils down to a personalized approach. "It really just depends on what matters most to you," he stated. This emphasizes the need for careful consideration of individual needs and financial circumstances when making such a significant purchase.