Rivian R1S Tri October 2024 lease offer sent to customers

 Rivian recently emailed customers about its R1S Tri lease offer for October 2024.

"Range meets performance in the all-new Tri-Motor configuration. With a 2.9 second 0-60 and an EPA-estimated range of 371 miles, the all-new R1S Tri proves that "rugged" doesn't have to mean roughing it out," said Rivian's email with the R1S Tri lease offer. 

The company added that the lease offer includes the $7,500 EV lease credits and will be delivered between 1 to 6 weeks. Rivian stated that the R1S October lease offer starts at $1,199 for 36 months. 

A quick search through Rivian's inventory shows all the R1S Tri-Motor available. We checked out Rivian's payment estimator for the cost of a Blue 2025 Ascend Rivian R1S Tri Max with the $7,500 EV lease credit applied. 

A blue 2025 Ascend R1S Tri-Motor AWD with a Max battery pack and a NACs DC adapter included would cost approximately $108,400 in New Jersey. Under a 36-month lease, the R1S Tri Max we looked at would be $1,238 a month, excluding taxes and fees.

Rivian's payment estimator automatically assumed that our credit was excellent at 740+, and we would make a down payment or trade-in value of $7,000. With those factors in place, Rivian estimates that $9,133 would be due at signing for the R1S Tri we were looking to purchase. The payment excludes taxes and fees but includes an acquisition fee and the first month's payment. 

A handful of Rivian Forums members shared their thoughts and concerns over the company's R1S Tri lease offer this October. Two members wondered about the residual value of an R1S Tri on lease. 

"Curious as well," commented Electron, who wondered about the R1S Tri-Motor's residual value. "Q4 is the true test for Rivian. It's like a 4x400 relay, and the baton has been passed along to the last runner on the final stretch. Will Rivian pull through? I wish we could see the internal data. They need to sweeten the incentives and hit hard," the R1S owner said. 

Another Rivian owner wondered if they could combine the R1S Tri lease offer with the company's loyalty discount, which takes off $3,500 on 2025 R1 purchases after trading in older R1T and R1S units.

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