Rivian followers have been ready a very long time for a lease program, and it appears to be like like one is coming in any case, albeit just for the R1T initially.

As Tesla is on the brink of ship the primary Cybertruck pickup vehicles to clients subsequent week, it appears to be like like Rivian is placing the ultimate touches on its inaugural R1T leasing scheme.

In keeping with Rivian Boards (by way of Electrek), Rivian e-mail subscribers have reported receiving emails from the corporate asserting that “leasing is coming subsequent week for obtainable R1T configurations in choose states.”

No additional particulars can be found in the mean time, however we contacted Rivian for extra data and we’ll replace this area once we hear again.

Till then, it is value noting that Rivian is attempting to liquidate its R1T stock, asserting a number of days in the past a brand new provide consisting of a complimentary Degree 2 wall charger and a $2,000 set up credit score for it. The provide is for patrons who wish to purchase a brand-new Rivian R1T from stock.

10 Photographs

The upcoming lease deal could also be for inventory-only R1Ts as properly, seeing as there isn’t any point out of the R1S within the lease program. The reason for that could be that Rivian would not have R1S autos in its stock—it doesn’t provide the choice to buy obtainable stock for the R1S on its web site in the mean time.

Nonetheless, as Rivian produces extra R1S autos, the electrical SUV will in all probability populate the corporate’s stock and be added to the lease program subsequent yr.

It is value noting that this isn’t the primary time Rivian has talked about plans to introduce leasing for its autos. On its third-quarter earnings name, Rivian mentioned leasing would come by the top of 2023.

Plans to introduce leasing had been additionally talked about in Rivian’s newest e-newsletter for the month of November 2023. The corporate mentioned within the doc that it’s “on the brink of launch a leasing program on choose R1T fashions in choose states.” The EV maker mentioned extra data on lease a Rivian would observe later.

Leasing will probably assist Rivian shift the stock of current R1T pickups and enhance gross sales earlier than the top of the yr. The EV maker posted good leads to the third quarter of the yr and lately raised its manufacturing purpose for 2023 to 54,000 items from 52,000 within the Q3 earnings report. The corporate additionally reported hitting an annualized manufacturing fee of greater than 65,000.