Watch This Before Leasing a Rivian R1T: Lessons Learned

I watched an entire commercial just to help you with that payment. Now that's love! Haha

Bro said find an ugly rich girl. I'm dying bro, I know you're joking but damn it was good.

You've made some awesome videos over the years and I've learned so much from watching your videos. With that said, I have to say this is one of my favorite videos of yours explaining how you got to where your at on YouTube and how people judge you based on seeing the end result of things instead of seeing all the hard work you put in to get there. Thank you for everything you put out in your content and keep up the good work.

$10k down, $1k/month for 2 years. After two years (24k miles), $34k out of pocket, 0 assets, but also 0 liabilities. No thanks. Another way to look at it is it's a rental, at $1400/month, with limitations, caveats, and a balloon payment on the tail end if you are forced to keep it.

Super useful video to show the costs of leasing. It is incredible that one has to put down a $1000 deposit that is not refundable BEFORE the details of the lease are released. Thank you.

Love the talk about money and working hard. Thanks for being real. Not enough people say these things anymore.

Love the talk about going on the offense on money and spending it. If you can find a balance between stashing away money in the right places while continuing to strive for more money to do the things you love, I believe you will live a more fulfilled life. You nailed it. Important to note that the 24 month leases are substantially more money per month than the 36 mo leases. The lease figures advertised are quoted as 36 mo leases so the monthly is lower than your 24 month lease monthly. Curious on the other fees: The sales and use tax of $1166 - was this a tax on the total Cap Cost Reduction (13,500)? What is the sales tax rate in your area? Also interested why the dealer doc fee is $450 and License fees are $1539. Assuming CA has high License fees but I wonder if the $450 varies from contract to contract or location to location? Also worth mentioning that Rivian adds $1800 to the listed MSRP price online for delivery and that sets the total cap cost (Can you verify?) All of that added up makes for a lot of added expense that people may not realize. Wish Rivian would allow customers to see the numbers before locking in $1000!

I’ve been considering this option, since you can buy out the vehicle at the end of the lease (Tesla doesn’t allow you to do that). At the end of the lease the residual amount would be ~66k I think he said. The vehicle new would be about 91k, and you end up paying about 24k which tracks for the amount of loss value in the vehicle. This plan works if you commit to buying the vehicle at the end of the lease. Let’s say you put another 20k down at the end of the lease, now you’re financing the vehicle for the same amount you were leasing it. At the end of the day, this becomes a cleaver way of paying for an expensive vehicle for a longer term with losing the least amount of money as possible. And you were the only owner.

Love your videos. Just subbed! Plan on leasing the R1S sometime in the future. Thanks!

Honest. Witty. Shameless. And I love it Gjeebs!

Great video on leasing and what goes into it. Gotta love the "creative" advertising companies do with payments

So much important and relevant information in this video, about life, work, work ethic, aspirations & the Rivian, of course! Thank you!

Super clear and useful breakdown of the facts. Thanks!

Hey Gjeebs, Thanks for this video and for going over your actual figures. I think seeing the projected residual value of the R1T at the full term of the lease would have nicely rounded out that portion of your presentation. Depending on what the buyout amount comes to, this may be a good way to recoup a decent amount of that roughly $35K you paid on the vehicle, should you like it enough to keep it a couple more years.

You are genuinely funny. Looking forward to the next video.

Thank you for making such informative video

Oof, I'm glad it's you and not me, thanks for reviewing! My Model Y LR AWD blue + white is $450 /mo @ 72 mo (before $7500 off, bought, not leased) after my 2019 model 3 SR+ trade in. Just bought it Dec 30! It's soooooo nice! Your videos have been very helpful for the Y, I'm sure Rivian owners will get some helpful info from your truck content.

Very nice content as always. Thank you for your authenticity. By the way, I have the same shorts (and color) as yours. Super comfortable I'd have to say. Cheers!

Subbed for this video. Many, many thanks.

That's crazy since I seen your last video with this truck. I never really paid attention to this truck but now I'm seeing them on the road alot now..😅