😍Unbeatable RIVIAN LEASE Offer With Numbers!!

Summary

In this video, the host shares their experience leasing a Rivian R1S, detailing the financial aspects of the deal. They break down the total costs, monthly payments, and fees involved, advocating for a zero down payment strategy to mitigate risk. By comparing leasing to purchasing, the host emphasizes the potential savings on depreciation and overall expenses. They conclude that leasing can be a financially smart choice, particularly for electric vehicles, while inviting viewers to share their thoughts on the topic and consider the benefits of leasing in their own decisions.

Takeaways

• 😀 The video discusses the leasing details of a Rivian R1S, focusing on the financial aspects and comparisons to purchasing.
• 🚗 The Rivian R1S leased has a total price of $99,250 with a monthly payment of $885.84.
• 💰 The upfront cost to lease the vehicle is $5,250, which includes taxes, acquisition fees, and other charges.
• 📅 The speaker emphasizes the importance of leasing without a down payment to minimize financial risk.
• 🔢 The effective monthly payment, after considering all costs, is calculated to be $1,035.
• 📊 Aiming for a monthly payment close to 1% of the vehicle's MSRP is a common leasing strategy, and this deal achieves 1.02%.
• 🔍 When comparing leasing to purchasing, the estimated monthly payment for purchasing would be $1,657, significantly higher than leasing.
• 💡 Leasing offers substantial savings, with a total cost of leasing over three years estimated at $37,026 compared to $66,456 for purchasing.
• 📉 The speaker notes that electric vehicles tend to depreciate quickly, making leasing a potentially better financial decision to avoid losses.
• 📣 Viewers are encouraged to share their thoughts on the leasing deal and to like and subscribe for more content.

Q & A

What vehicle is the host discussing in the video?

The host is discussing the Rivan R1S.

What is the total price of the Rivan R1S after discounts?

The total price of the Rivan R1S after discounts is $99,250.

What is the monthly payment for the lease of the Rivan R1S?

The monthly payment for the lease is $885.

What are the upfront costs associated with leasing the Rivan R1S?

The upfront costs total $5,250, which includes the first month’s payment, taxes, and fees.

How does the host calculate the effective monthly payment for the lease?

The host calculates the effective monthly payment by adding all costs, including taxes and fees, to the lease payments, resulting in approximately $1,035.

What is the estimated cost of purchasing the Rivan R1S over 36 months?

The estimated cost of purchasing the Rivan R1S over 36 months is $66,456.

What is the potential depreciation risk associated with purchasing the Rivan R1S?

The potential depreciation risk is significant, especially for electric vehicles, which may lose a considerable value in the first three years.

Why does the host recommend not making a down payment when leasing?

The host recommends not making a down payment because if something happens to the vehicle, you could lose that money, and it's better to keep it available for investments.

What financial advantage does leasing offer according to the host?

Leasing offers a financial advantage by avoiding large depreciation losses and allowing for lower monthly payments compared to purchasing.

What action does the host encourage viewers to take at the end of the video?

The host encourages viewers to like and subscribe to the channel and to share their opinions on whether they think leasing is a good deal.